2make: 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.
2make
Largest movements
- Cash -€76,691
down €76,691 (-74.5%), from €102,965 to €26,274
mainly Contributions, distributions and other (-€79,150) and Receivables within one year (-€26,444)
- Receivables within one year +€26,444
up €26,444 (+116%), from €22,724 to €49,168
of which Trade receivables: +€18,029
- Stocks and contracts -€5,724
down €5,724 (-67.8%), from €8,447 to €2,723
- Tangible fixed assets +€4,172
up €4,172 (+21.9%), from €19,091 to €23,263
of which Plant, machinery and equipment: +€8,016
- Profit (loss) carried forward -€74,741
no longer reported in 2025 (was €74,741)
- Other debts +€44,263
up €44,263 (+1,358%), from €3,259 to €47,522
- Reserves -€10,000
down €10,000 (-28.2%), from €35,502 to €25,502
- Current portion of long-term debt -€9,817
no longer reported in 2025 (was €9,817)
- Trade debts -€2,729
down €2,729 (-37.9%), from €7,199 to €4,470
- Gross operating margin -€54,785
down €54,785 (-83.3%), from €65,776 to €10,991
- Taxes -€13,984
down €13,984 (-89.8%), from €15,569 to €1,585
- Depreciation +€5,596
up €5,596 (+78.2%), from €7,154 to €12,750
- Staff costs -€3,980
no longer reported in 2025 (was €3,980)
- Financial charges -€1,696
down €1,696 (-81.6%), from €2,077 to €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 | €155,250 | €103,860 | -€51,389 | -33.1% |
| Fixed assets | 21/28 | €19,091 | €23,263 | +€4,172 | +21.9% |
| Tangible fixed assets | 22/27 | €19,091 | €23,263 | +€4,172 | +21.9% |
| Plant, machinery and equipment | 23 | - | €8,016 | +€8,016 | |
| Furniture and vehicles | 24 | €19,091 | €15,247 | -€3,844 | -20.1% |
| Current assets | 29/58 | €136,159 | €80,597 | -€55,561 | -40.8% |
| Stocks and contracts in progress | 3 | €8,447 | €2,723 | -€5,724 | -67.8% |
| Stocks | 30/36 | €8,447 | €2,723 | -€5,724 | -67.8% |
| Amounts receivable within one year | 40/41 | €22,724 | €49,168 | +€26,444 | +116% |
| Trade receivables | 40 | €22,724 | €40,753 | +€18,029 | +79.3% |
| Other amounts receivable | 41 | - | €8,415 | +€8,415 | |
| Cash at bank and in hand | 54/58 | €102,965 | €26,274 | -€76,691 | -74.5% |
| Deferred charges and accrued income | 490/1 | €2,023 | €2,432 | +€409 | +20.2% |
| Total equity and liabilities | 10/49 | €155,250 | €103,860 | -€51,389 | -33.1% |
| Equity | 10/15 | €116,743 | €32,002 | -€84,741 | -72.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €35,502 | €25,502 | -€10,000 | -28.2% |
| Distributable reserves | 133 | €35,502 | €25,502 | -€10,000 | -28.2% |
| Profit (loss) carried forward | 14 | €74,741 | - | -€74,741 | |
| Amounts payable | 17/49 | €38,506 | €71,859 | +€33,352 | +86.6% |
| Amounts payable within one year | 42/48 | €38,506 | €70,213 | +€31,706 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €9,817 | - | -€9,817 | |
| Trade debts | 44 | €7,199 | €4,470 | -€2,729 | -37.9% |
| Suppliers | 440/4 | €7,199 | €4,470 | -€2,729 | -37.9% |
| Taxes, remuneration and social security | 45 | €18,231 | €18,221 | -€10 | -0.1% |
| Taxes | 450/3 | €18,231 | €18,221 | -€10 | -0.1% |
| Other amounts payable | 47/48 | €3,259 | €47,522 | +€44,263 | +1,358% |
| Accrued charges and deferred income | 492/3 | - | €1,646 | +€1,646 | |
| Remuneration, social security and pensions | 62 | €3,980 | - | -€3,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,154 | €12,750 | +€5,596 | +78.2% |
| Other operating charges | 640/8 | €1,507 | €2,449 | +€942 | +62.5% |
| Gross operating margin | 9900 | €65,776 | €10,991 | -€54,785 | -83.3% |
| Operating profit (loss) | 9901 | €53,135 | -€4,208 | -€57,343 | |
| Financial income | 75/76B | €12 | €583 | +€570 | +4,641% |
| Recurring financial income | 75 | €12 | €583 | +€570 | +4,641% |
| Financial charges | 65/66B | €2,077 | €381 | -€1,696 | -81.6% |
| Recurring financial charges | 65 | €2,077 | €381 | -€1,696 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €51,070 | -€4,007 | -€55,077 | |
| Income taxes | 67/77 | €15,569 | €1,585 | -€13,984 | -89.8% |
| Profit (loss) for the period | 9904 | €35,502 | -€5,591 | -€41,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,502 | -€5,591 | -€41,093 |
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 23 October 2026 via checked.be.