De Makerij: what changed
Two fiscal 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 Makerij
Largest movements
- Stocks and contracts +€27,875
up €27,875 (+24.9%), from €112,047 to €139,922
- Tangible fixed assets -€9,198
down €9,198 (-22.1%), from €41,571 to €32,374
of which Land and buildings: -€8,351
- Cash +€8,769
up €8,769 (+31.2%), from €28,113 to €36,883
mainly Other debts (+€25,673) and Trade debts (+€9,985)
- Deferred charges and accrued income +€2,434
up €2,434 (+753.4%), from €323 to €2,758
- Other debts +€25,673
up €25,673 (+12.4%), from €207,574 to €233,247
- Advances received -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Trade debts +€9,985
up €9,985 (+178.5%), from €5,594 to €15,579
- Staff costs +€7,203
up €7,203 (+34.0%), from €21,177 to €28,381
- Gross operating margin +€4,302
up €4,302 (+11.9%), from €36,105 to €40,407
- Taxes -€704
new in 2025: -€704
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.
Cash bridge derived
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 | €185,358 | €214,804 | +€29,446 | +15.9% |
| Fixed assets | 21/28 | €41,571 | €32,374 | -€9,198 | -22.1% |
| Tangible fixed assets | 22/27 | €41,571 | €32,374 | -€9,198 | -22.1% |
| Land and buildings | 22 | €39,651 | €31,300 | -€8,351 | -21.1% |
| Furniture and vehicles | 24 | €1,920 | €1,074 | -€846 | -44.1% |
| Current assets | 29/58 | €143,787 | €182,431 | +€38,644 | +26.9% |
| Stocks and contracts in progress | 3 | €112,047 | €139,922 | +€27,875 | +24.9% |
| Stocks | 30/36 | €112,047 | €139,922 | +€27,875 | +24.9% |
| Amounts receivable within one year | 40/41 | €3,304 | €2,868 | -€435 | -13.2% |
| Trade receivables | 40 | €151 | €50 | -€101 | -66.9% |
| Other amounts receivable | 41 | €3,153 | €2,818 | -€334 | -10.6% |
| Cash at bank and in hand | 54/58 | €28,113 | €36,883 | +€8,769 | +31.2% |
| Deferred charges and accrued income | 490/1 | €323 | €2,758 | +€2,434 | +753.4% |
| Total equity and liabilities | 10/49 | €185,358 | €214,804 | +€29,446 | +15.9% |
| Equity | 10/15 | -€43,781 | -€41,808 | +€1,974 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€64,241 | -€62,268 | +€1,974 | +3.1% |
| Amounts payable | 17/49 | €229,140 | €256,612 | +€27,472 | +12.0% |
| Amounts payable within one year | 42/48 | €229,140 | €256,612 | +€27,472 | +12.0% |
| Trade debts | 44 | €5,594 | €15,579 | +€9,985 | +178.5% |
| Suppliers | 440/4 | €5,594 | €15,579 | +€9,985 | +178.5% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,972 | €7,786 | +€1,814 | +30.4% |
| Taxes | 450/3 | €3,061 | €1,205 | -€1,856 | -60.6% |
| Remuneration and social security | 454/9 | €2,911 | €6,581 | +€3,670 | +126.1% |
| Other amounts payable | 47/48 | €207,574 | €233,247 | +€25,673 | +12.4% |
| Remuneration, social security and pensions | 62 | €21,177 | €28,381 | +€7,203 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,160 | €9,198 | +€38 | +0.4% |
| Other operating charges | 640/8 | €907 | €1,228 | +€321 | +35.4% |
| Non-recurring operating charges | 66A | €639 | - | -€639 | |
| Gross operating margin | 9900 | €36,105 | €40,407 | +€4,302 | +11.9% |
| Operating profit (loss) | 9901 | €4,221 | €1,601 | -€2,620 | -62.1% |
| Financial income | 75/76B | €203 | €109 | -€94 | -46.4% |
| Recurring financial income | 75 | €203 | €109 | -€94 | -46.4% |
| Financial charges | 65/66B | €587 | €440 | -€147 | -25.1% |
| Recurring financial charges | 65 | €587 | €440 | -€147 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €3,836 | €1,270 | -€2,566 | -66.9% |
| Income taxes | 67/77 | - | -€704 | -€704 | |
| Profit (loss) for the period | 9904 | €3,836 | €1,974 | -€1,863 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,836 | €1,974 | -€1,863 | -48.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.