De Makers: 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 Makers
Largest movements
- Stocks and contracts +€15,494
up €15,494 (+14.7%), from €105,131 to €120,625
- Tangible fixed assets -€2,009
down €2,009 (-10.1%), from €19,830 to €17,821
of which Furniture and vehicles: -€1,365
- Deferred charges and accrued income +€1,973
up €1,973 (+1360.9%), from €145 to €2,118
- Other debts +€11,912
up €11,912 (+8.8%), from €134,618 to €146,530
- Tax, wage and social debts -€4,509
down €4,509 (-33.6%), from €13,410 to €8,900
of which Remuneration and social security: -€4,309
- Reserves +€3,970
up €3,970 (+75.5%), from €5,261 to €9,231
- Trade debts +€3,536
up €3,536 (+39.2%), from €9,025 to €12,561
- Gross operating margin -€14,894
down €14,894 (-51.0%), from €29,212 to €14,319
- Depreciation +€1,104
up €1,104 (+27.0%), from €4,093 to €5,197
- Financial charges +€739
up €739 (+103.4%), from €715 to €1,454
- Taxes +€708
up €708 (+37.7%), from €1,879 to €2,587
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 | €174,713 | €189,623 | +€14,909 | +8.5% |
| Fixed assets | 21/28 | €20,169 | €18,061 | -€2,109 | -10.5% |
| Intangible fixed assets | 21 | €339 | €239 | -€100 | -29.5% |
| Tangible fixed assets | 22/27 | €19,830 | €17,821 | -€2,009 | -10.1% |
| Plant, machinery and equipment | 23 | €8,803 | €8,159 | -€644 | -7.3% |
| Furniture and vehicles | 24 | €11,027 | €9,663 | -€1,365 | -12.4% |
| Current assets | 29/58 | €154,544 | €171,562 | +€17,018 | +11.0% |
| Stocks and contracts in progress | 3 | €105,131 | €120,625 | +€15,494 | +14.7% |
| Stocks | 30/36 | €105,131 | €120,625 | +€15,494 | +14.7% |
| Amounts receivable within one year | 40/41 | €16,947 | €16,120 | -€827 | -4.9% |
| Trade receivables | 40 | €16,947 | €16,120 | -€827 | -4.9% |
| Cash at bank and in hand | 54/58 | €32,322 | €32,699 | +€377 | +1.2% |
| Deferred charges and accrued income | 490/1 | €145 | €2,118 | +€1,973 | +1360.9% |
| Total equity and liabilities | 10/49 | €174,713 | €189,623 | +€14,909 | +8.5% |
| Equity | 10/15 | €17,661 | €21,631 | +€3,970 | +22.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,261 | €9,231 | +€3,970 | +75.5% |
| Distributable reserves | 133 | €5,261 | €9,231 | +€3,970 | +75.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €157,053 | €167,992 | +€10,939 | +7.0% |
| Amounts payable within one year | 42/48 | €157,053 | €167,992 | +€10,939 | +7.0% |
| Trade debts | 44 | €9,025 | €12,561 | +€3,536 | +39.2% |
| Suppliers | 440/4 | €9,025 | €12,561 | +€3,536 | +39.2% |
| Taxes, remuneration and social security | 45 | €13,410 | €8,900 | -€4,509 | -33.6% |
| Taxes | 450/3 | €5,621 | €5,420 | -€200 | -3.6% |
| Remuneration and social security | 454/9 | €7,789 | €3,480 | -€4,309 | -55.3% |
| Other amounts payable | 47/48 | €134,618 | €146,530 | +€11,912 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,093 | €5,197 | +€1,104 | +27.0% |
| Other operating charges | 640/8 | €1,109 | €1,170 | +€61 | +5.5% |
| Gross operating margin | 9900 | €29,212 | €14,319 | -€14,894 | -51.0% |
| Operating profit (loss) | 9901 | €24,010 | €7,951 | -€16,059 | -66.9% |
| Financial income | 75/76B | €54 | €60 | +€5 | +10.0% |
| Recurring financial income | 75 | €54 | €60 | +€5 | +10.0% |
| Financial charges | 65/66B | €715 | €1,454 | +€739 | +103.4% |
| Recurring financial charges | 65 | €715 | €1,454 | +€739 | +103.4% |
| Profit (loss) for the period before taxes | 9903 | €23,350 | €6,557 | -€16,793 | -71.9% |
| Income taxes | 67/77 | €1,879 | €2,587 | +€708 | +37.7% |
| Profit (loss) for the period | 9904 | €21,471 | €3,970 | -€17,501 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,471 | €3,970 | -€17,501 | -81.5% |
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 1 October 2026 via checked.be.