VAN MACHELEN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VAN MACHELEN
Largest movements
- Cash +€218,999
up €218,999 (+360%), from €60,901 to €279,900
mainly Current investments (+€179,850) and Net result for the year (+€73,290)
- Current investments -€179,850
down €179,850 (-53.2%), from €337,898 to €158,048
- Tangible fixed assets +€12,531
up €12,531 (+158%), from €7,945 to €20,476
of which Furniture and vehicles: +€13,525
- Receivables within one year -€8,965
down €8,965 (-14.5%), from €62,014 to €53,049
of which Other amounts receivable: -€46,718
- Reserves +€73,290
up €73,290 (+26.1%), from €281,249 to €354,539
- Other debts -€43,836
down €43,836 (-63.4%), from €69,106 to €25,270
- Trade debts +€11,597
up €11,597 (+224%), from €5,171 to €16,768
- Gross operating margin +€9,198
up €9,198 (+10.7%), from €85,670 to €94,868
- Financial income +€8,695
up €8,695 (+151%), from €5,750 to €14,446
- Taxes +€5,824
up €5,824 (+25.8%), from €22,541 to €28,365
- Financial charges -€3,914
down €3,914 (-89.9%), from €4,353 to €439
of which Financial charges: -€3,850
- Other operating charges +€1,424
up €1,424 (+158%), from €901 to €2,325
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €484,190 | €528,479 | +€44,288 | +9.1% |
| Fixed assets | 21/28 | €7,945 | €20,476 | +€12,531 | +158% |
| Tangible fixed assets | 22/27 | €7,945 | €20,476 | +€12,531 | +158% |
| Plant, machinery and equipment | 23 | €5,881 | €4,887 | -€994 | -16.9% |
| Furniture and vehicles | 24 | €2,064 | €15,589 | +€13,525 | +655% |
| Current assets | 29/58 | €476,245 | €508,003 | +€31,758 | +6.7% |
| Stocks and contracts in progress | 3 | €11,647 | €12,216 | +€569 | +4.9% |
| Stocks | 30/36 | €11,647 | €12,216 | +€569 | +4.9% |
| Amounts receivable within one year | 40/41 | €62,014 | €53,049 | -€8,965 | -14.5% |
| Trade receivables | 40 | €15,077 | €52,830 | +€37,753 | +250% |
| Other amounts receivable | 41 | €46,937 | €219 | -€46,718 | -99.5% |
| Current investments | 50/53 | €337,898 | €158,048 | -€179,850 | -53.2% |
| Cash at bank and in hand | 54/58 | €60,901 | €279,900 | +€218,999 | +360% |
| Deferred charges and accrued income | 490/1 | €3,785 | €4,790 | +€1,005 | +26.5% |
| Total equity and liabilities | 10/49 | €484,190 | €528,479 | +€44,288 | +9.1% |
| Equity | 10/15 | €400,239 | €472,528 | +€72,290 | +18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €281,249 | €354,539 | +€73,290 | +26.1% |
| Distributable reserves | 133 | €281,249 | €354,539 | +€73,290 | +26.1% |
| Profit (loss) carried forward | 14 | €112,789 | €111,789 | -€1,000 | -0.9% |
| Amounts payable | 17/49 | €83,952 | €55,950 | -€28,002 | -33.4% |
| Amounts payable within one year | 42/48 | €83,952 | €55,950 | -€28,002 | -33.4% |
| Trade debts | 44 | €5,171 | €16,768 | +€11,597 | +224% |
| Suppliers | 440/4 | €5,171 | €16,768 | +€11,597 | +224% |
| Advances received on contracts in progress | 46 | - | €4,343 | +€4,343 | |
| Taxes, remuneration and social security | 45 | €9,675 | €9,570 | -€105 | -1.1% |
| Taxes | 450/3 | €9,675 | €9,570 | -€105 | -1.1% |
| Other amounts payable | 47/48 | €69,106 | €25,270 | -€43,836 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,227 | €4,895 | +€668 | +15.8% |
| Other operating charges | 640/8 | €901 | €2,325 | +€1,424 | +158% |
| Gross operating margin | 9900 | €85,670 | €94,868 | +€9,198 | +10.7% |
| Operating profit (loss) | 9901 | €80,542 | €87,648 | +€7,106 | +8.8% |
| Financial income | 75/76B | €5,750 | €14,446 | +€8,695 | +151% |
| Recurring financial income | 75 | €5,750 | €14,446 | +€8,695 | +151% |
| Financial charges | 65/66B | €4,353 | €439 | -€3,914 | -89.9% |
| Recurring financial charges | 65 | €4,290 | €439 | -€3,850 | -89.8% |
| Non-recurring financial charges | 66B | €63 | - | -€63 | |
| Profit (loss) for the period before taxes | 9903 | €81,939 | €101,655 | +€19,715 | +24.1% |
| Income taxes | 67/77 | €22,541 | €28,365 | +€5,824 | +25.8% |
| Profit (loss) for the period | 9904 | €59,398 | €73,290 | +€13,891 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,398 | €73,290 | +€13,891 | +23.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.