De Machine: 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.
De Machine
Largest movements
- Receivables within one year -€307,741
down €307,741 (-85.0%), from €362,005 to €54,264
of which Trade receivables: -€307,547
- Cash +€68,515
up €68,515 (+116%), from €58,923 to €127,438
mainly Receivables within one year (+€307,741) and Depreciation (+€23,757)
- Tangible fixed assets -€21,240
down €21,240 (-4.4%), from €486,919 to €465,679
of which Land and buildings: -€19,422
- Trade debts -€95,275
down €95,275 (-61.6%), from €154,641 to €59,366
- Short-term financial debts -€85,000
down €85,000 (-100%), from €85,000 to €0
- Tax, wage and social debts -€31,003
down €31,003 (-70.3%), from €44,079 to €13,075
of which Taxes: -€37,432
- Other debts -€30,000
down €30,000 (-99.8%), from €30,060 to €60
- Debts after one year -€20,056
down €20,056 (-4.8%), from €416,241 to €396,185
- Gross operating margin -€92,100
down €92,100 (-50.7%), from €181,532 to €89,432
- Taxes -€19,076
down €19,076 (-95.2%), from €20,033 to €957
- Other operating charges +€4,146
up €4,146 (+78.4%), from €5,290 to €9,436
- Staff costs -€3,718
down €3,718 (-9.0%), from €41,098 to €37,381
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 | €927,034 | €661,756 | -€265,278 | -28.6% |
| Fixed assets | 21/28 | €489,531 | €468,291 | -€21,240 | -4.3% |
| Tangible fixed assets | 22/27 | €486,919 | €465,679 | -€21,240 | -4.4% |
| Land and buildings | 22 | €473,363 | €453,941 | -€19,422 | -4.1% |
| Plant, machinery and equipment | 23 | €211 | €2 | -€208 | -98.9% |
| Furniture and vehicles | 24 | €13,345 | €11,735 | -€1,610 | -12.1% |
| Financial fixed assets | 28 | €2,613 | €2,613 | = | 0.0% |
| Current assets | 29/58 | €437,503 | €193,465 | -€244,038 | -55.8% |
| Amounts receivable within one year | 40/41 | €362,005 | €54,264 | -€307,741 | -85.0% |
| Trade receivables | 40 | €355,705 | €48,159 | -€307,547 | -86.5% |
| Other amounts receivable | 41 | €6,300 | €6,106 | -€194 | -3.1% |
| Cash at bank and in hand | 54/58 | €58,923 | €127,438 | +€68,515 | +116% |
| Deferred charges and accrued income | 490/1 | €16,575 | €11,763 | -€4,812 | -29.0% |
| Total equity and liabilities | 10/49 | €927,034 | €661,756 | -€265,278 | -28.6% |
| Equity | 10/15 | €173,216 | €173,014 | -€202 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,016 | €167,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €165,156 | €165,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€202 | -€202 | |
| Amounts payable | 17/49 | €753,818 | €488,742 | -€265,076 | -35.2% |
| Amounts payable after more than one year | 17 | €416,241 | €396,185 | -€20,056 | -4.8% |
| Financial debts | 170/4 | €416,241 | €396,185 | -€20,056 | -4.8% |
| Amounts payable within one year | 42/48 | €333,134 | €92,557 | -€240,577 | -72.2% |
| Current portion of amounts payable after more than one year | 42 | €19,354 | €20,056 | +€702 | +3.6% |
| Financial debts | 43 | €85,000 | €0 | -€85,000 | -100% |
| Credit institutions | 430/8 | €85,000 | €0 | -€85,000 | -100% |
| Trade debts | 44 | €154,641 | €59,366 | -€95,275 | -61.6% |
| Suppliers | 440/4 | €154,641 | €59,366 | -€95,275 | -61.6% |
| Taxes, remuneration and social security | 45 | €44,079 | €13,075 | -€31,003 | -70.3% |
| Taxes | 450/3 | €41,580 | €4,148 | -€37,432 | -90.0% |
| Remuneration and social security | 454/9 | €2,499 | €8,928 | +€6,429 | +257% |
| Other amounts payable | 47/48 | €30,060 | €60 | -€30,000 | -99.8% |
| Accrued charges and deferred income | 492/3 | €4,443 | €0 | -€4,443 | -100% |
| Remuneration, social security and pensions | 62 | €41,098 | €37,381 | -€3,718 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,931 | €23,757 | +€826 | +3.6% |
| Other operating charges | 640/8 | €5,290 | €9,436 | +€4,146 | +78.4% |
| Gross operating margin | 9900 | €181,532 | €89,432 | -€92,100 | -50.7% |
| Operating profit (loss) | 9901 | €112,212 | €18,858 | -€93,354 | -83.2% |
| Financial income | 75/76B | €16 | €27 | +€11 | +66.7% |
| Recurring financial income | 75 | €16 | €27 | +€11 | +66.7% |
| Financial charges | 65/66B | €19,568 | €18,131 | -€1,437 | -7.3% |
| Recurring financial charges | 65 | €19,568 | €18,131 | -€1,437 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €92,661 | €755 | -€91,906 | -99.2% |
| Income taxes | 67/77 | €20,033 | €957 | -€19,076 | -95.2% |
| Profit (loss) for the period | 9904 | €72,628 | -€202 | -€72,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,628 | -€202 | -€72,830 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.