MADE BY DAVE: 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.
MADE BY DAVE
Largest movements
- Tangible fixed assets -€8,973
down €8,973 (-47.5%), from €18,879 to €9,906
of which Plant, machinery and equipment: -€5,319
- Receivables within one year +€5,492
up €5,492 (+56.0%), from €9,811 to €15,303
of which Trade receivables: +€6,849
- Cash -€2,341
down €2,341 (-3.3%), from €71,514 to €69,173
mainly Receivables within one year (-€5,492) and Debts after one year (-€4,548)
- Deferred charges and accrued income +€1,542
up €1,542 (+37.6%), from €4,099 to €5,642
- Debts after one year -€4,548
down €4,548 (-43.3%), from €10,495 to €5,946
- Current portion of long-term debt -€3,881
down €3,881 (-46.0%), from €8,429 to €4,548
- Trade debts +€2,091
up €2,091 (+81.1%), from €2,579 to €4,669
- Reserves +€1,752
up €1,752 (+2.2%), from €79,488 to €81,239
- Gross operating margin -€33,488
down €33,488 (-64.7%), from €51,737 to €18,249
- Taxes -€9,423
down €9,423, from €8,482 to -€942
- Staff costs -€1,218
down €1,218 (-19.7%), from €6,198 to €4,979
- Depreciation +€791
up €791 (+7.4%), from €10,704 to €11,494
- Financial charges -€683
down €683 (-45.4%), from €1,504 to €822
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 | €104,304 | €100,024 | -€4,280 | -4.1% |
| Fixed assets | 21/28 | €18,879 | €9,906 | -€8,973 | -47.5% |
| Tangible fixed assets | 22/27 | €18,879 | €9,906 | -€8,973 | -47.5% |
| Plant, machinery and equipment | 23 | €6,091 | €773 | -€5,319 | -87.3% |
| Furniture and vehicles | 24 | €770 | €1,728 | +€958 | +124% |
| Leasing and similar rights | 25 | €12,018 | €7,405 | -€4,612 | -38.4% |
| Current assets | 29/58 | €85,425 | €90,118 | +€4,693 | +5.5% |
| Amounts receivable within one year | 40/41 | €9,811 | €15,303 | +€5,492 | +56.0% |
| Trade receivables | 40 | - | €6,849 | +€6,849 | |
| Other amounts receivable | 41 | €9,811 | €8,454 | -€1,357 | -13.8% |
| Cash at bank and in hand | 54/58 | €71,514 | €69,173 | -€2,341 | -3.3% |
| Deferred charges and accrued income | 490/1 | €4,099 | €5,642 | +€1,542 | +37.6% |
| Total equity and liabilities | 10/49 | €104,304 | €100,024 | -€4,280 | -4.1% |
| Equity | 10/15 | €82,488 | €84,239 | +€1,752 | +2.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,488 | €81,239 | +€1,752 | +2.2% |
| Distributable reserves | 133 | €79,488 | €81,239 | +€1,752 | +2.2% |
| Amounts payable | 17/49 | €21,816 | €15,785 | -€6,031 | -27.6% |
| Amounts payable after more than one year | 17 | €10,495 | €5,946 | -€4,548 | -43.3% |
| Financial debts | 170/4 | €10,495 | €5,946 | -€4,548 | -43.3% |
| Amounts payable within one year | 42/48 | €11,321 | €9,838 | -€1,483 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €8,429 | €4,548 | -€3,881 | -46.0% |
| Trade debts | 44 | €2,579 | €4,669 | +€2,091 | +81.1% |
| Suppliers | 440/4 | €2,579 | €4,669 | +€2,091 | +81.1% |
| Taxes, remuneration and social security | 45 | €313 | €621 | +€307 | +98.1% |
| Taxes | 450/3 | €274 | €528 | +€255 | +93.1% |
| Remuneration and social security | 454/9 | €40 | €93 | +€53 | +132% |
| Remuneration, social security and pensions | 62 | €6,198 | €4,979 | -€1,218 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,704 | €11,494 | +€791 | +7.4% |
| Other operating charges | 640/8 | €128 | €574 | +€447 | +350% |
| Gross operating margin | 9900 | €51,737 | €18,249 | -€33,488 | -64.7% |
| Operating profit (loss) | 9901 | €34,708 | €1,201 | -€33,507 | -96.5% |
| Financial income | 75/76B | €42 | €430 | +€388 | +930% |
| Recurring financial income | 75 | €42 | €430 | +€388 | +930% |
| Financial charges | 65/66B | €1,504 | €822 | -€683 | -45.4% |
| Recurring financial charges | 65 | €1,504 | €822 | -€683 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €33,245 | €810 | -€32,435 | -97.6% |
| Income taxes | 67/77 | €8,482 | -€942 | -€9,423 | |
| Profit (loss) for the period | 9904 | €24,764 | €1,752 | -€23,012 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,764 | €1,752 | -€23,012 | -92.9% |
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 28 October 2026 via checked.be.