Made by D: 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.
Made by D
Largest movements
- Cash +€19,503
up €19,503 (+219.5%), from €8,885 to €28,388
mainly Net result for the year (+€24,473) and Tax, wage and social debts (+€7,474)
- Receivables within one year +€5,654
up €5,654 (+81.2%), from €6,961 to €12,615
of which Trade receivables: +€5,302
- Tangible fixed assets -€4,730
down €4,730 (-40.0%), from €11,825 to €7,095
- Formation expenses -€612
no longer reported in 2025 (was €612)
- Profit (loss) carried forward +€24,473
up €24,473 (+216.2%), from €11,321 to €35,794
- Other debts -€7,652
down €7,652 (-85.1%), from €8,986 to €1,334
- Tax, wage and social debts +€7,474
up €7,474 (+654.4%), from €1,142 to €8,616
of which Taxes: +€5,568
- Current portion of long-term debt -€4,204
no longer reported in 2025 (was €4,204)
- Gross operating margin +€18,028
up €18,028 (+90.1%), from €20,020 to €38,048
- Taxes +€2,952
up €2,952 (+71.8%), from €4,108 to €7,060
- Depreciation +€2,456
up €2,456 (+85.1%), from €2,886 to €5,342
- Other operating charges -€524
down €524 (-33.8%), from €1,550 to €1,026
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 | €29,126 | €49,045 | +€19,918 | +68.4% |
| Formation expenses | 20 | €612 | - | -€612 | |
| Fixed assets | 21/28 | €11,825 | €7,095 | -€4,730 | -40.0% |
| Tangible fixed assets | 22/27 | €11,825 | €7,095 | -€4,730 | -40.0% |
| Furniture and vehicles | 24 | €11,825 | €7,095 | -€4,730 | -40.0% |
| Current assets | 29/58 | €16,689 | €41,950 | +€25,261 | +151.4% |
| Amounts receivable within one year | 40/41 | €6,961 | €12,615 | +€5,654 | +81.2% |
| Trade receivables | 40 | €6,869 | €12,171 | +€5,302 | +77.2% |
| Other amounts receivable | 41 | €92 | €444 | +€352 | +382.1% |
| Cash at bank and in hand | 54/58 | €8,885 | €28,388 | +€19,503 | +219.5% |
| Deferred charges and accrued income | 490/1 | €843 | €947 | +€104 | +12.4% |
| Total equity and liabilities | 10/49 | €29,126 | €49,045 | +€19,918 | +68.4% |
| Equity | 10/15 | €14,321 | €38,794 | +€24,473 | +170.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,321 | €35,794 | +€24,473 | +216.2% |
| Amounts payable | 17/49 | €14,806 | €10,251 | -€4,555 | -30.8% |
| Amounts payable within one year | 42/48 | €14,440 | €9,951 | -€4,489 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €4,204 | - | -€4,204 | |
| Trade debts | 44 | €108 | - | -€108 | |
| Suppliers | 440/4 | €108 | - | -€108 | |
| Taxes, remuneration and social security | 45 | €1,142 | €8,616 | +€7,474 | +654.4% |
| Taxes | 450/3 | €1,142 | €6,710 | +€5,568 | +487.5% |
| Remuneration and social security | 454/9 | - | €1,906 | +€1,906 | |
| Other amounts payable | 47/48 | €8,986 | €1,334 | -€7,652 | -85.1% |
| Accrued charges and deferred income | 492/3 | €366 | €300 | -€66 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,886 | €5,342 | +€2,456 | +85.1% |
| Other operating charges | 640/8 | €1,550 | €1,026 | -€524 | -33.8% |
| Gross operating margin | 9900 | €20,020 | €38,048 | +€18,028 | +90.1% |
| Operating profit (loss) | 9901 | €15,584 | €31,680 | +€16,097 | +103.3% |
| Financial income | 75/76B | €3 | €14 | +€10 | +292.2% |
| Recurring financial income | 75 | €3 | €14 | +€10 | +292.2% |
| Financial charges | 65/66B | €159 | €161 | +€2 | +1.4% |
| Recurring financial charges | 65 | €159 | €161 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €15,429 | €31,533 | +€16,104 | +104.4% |
| Income taxes | 67/77 | €4,108 | €7,060 | +€2,952 | +71.8% |
| Profit (loss) for the period | 9904 | €11,321 | €24,473 | +€13,153 | +116.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,321 | €24,473 | +€13,153 | +116.2% |
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 3 October 2026 via checked.be.