MADE GRAPHIC: 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 GRAPHIC
Largest movements
- Cash +€28,257
up €28,257 (+291%), from €9,717 to €37,973
mainly Net result for the year (+€19,726) and Other debts (+€9,277)
- Tangible fixed assets -€4,110
down €4,110 (-18.6%), from €22,116 to €18,006
of which Other tangible fixed assets: -€3,536
- Receivables within one year -€3,806
down €3,806 (-44.2%), from €8,621 to €4,815
of which Other amounts receivable: -€2,588
- Profit (loss) carried forward +€19,726
up €19,726, from -€18,742 to €984
- Reserves -€10,000
down €10,000 (-54.4%), from €18,399 to €8,399
- Other debts +€9,277
up €9,277 (+654%), from €1,419 to €10,696
- Tax, wage and social debts +€6,308
up €6,308 (+301%), from €2,098 to €8,405
- Debts after one year -€4,174
down €4,174 (-19.2%), from €21,734 to €17,561
- Gross operating margin +€3,123
up €3,123 (+9.7%), from €32,049 to €35,172
- Taxes +€1,860
up €1,860 (+25.1%), from €7,412 to €9,272
- Depreciation -€637
down €637 (-11.9%), from €5,353 to €4,716
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 | €42,957 | €63,135 | +€20,177 | +47.0% |
| Fixed assets | 21/28 | €22,116 | €18,006 | -€4,110 | -18.6% |
| Tangible fixed assets | 22/27 | €22,116 | €18,006 | -€4,110 | -18.6% |
| Plant, machinery and equipment | 23 | €167 | - | -€167 | |
| Furniture and vehicles | 24 | €3,323 | €2,915 | -€408 | -12.3% |
| Other tangible fixed assets | 26 | €18,627 | €15,091 | -€3,536 | -19.0% |
| Current assets | 29/58 | €20,841 | €45,128 | +€24,287 | +117% |
| Amounts receivable within one year | 40/41 | €8,621 | €4,815 | -€3,806 | -44.2% |
| Trade receivables | 40 | €6,033 | €4,815 | -€1,218 | -20.2% |
| Other amounts receivable | 41 | €2,588 | - | -€2,588 | |
| Cash at bank and in hand | 54/58 | €9,717 | €37,973 | +€28,257 | +291% |
| Deferred charges and accrued income | 490/1 | €2,504 | €2,341 | -€163 | -6.5% |
| Total equity and liabilities | 10/49 | €42,957 | €63,135 | +€20,177 | +47.0% |
| Equity | 10/15 | €7,717 | €17,443 | +€9,726 | +126% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €18,399 | €8,399 | -€10,000 | -54.4% |
| Distributable reserves | 133 | €18,399 | €8,399 | -€10,000 | -54.4% |
| Profit (loss) carried forward | 14 | -€18,742 | €984 | +€19,726 | |
| Amounts payable | 17/49 | €35,240 | €45,691 | +€10,451 | +29.7% |
| Amounts payable after more than one year | 17 | €21,734 | €17,561 | -€4,174 | -19.2% |
| Financial debts | 170/4 | €21,734 | €17,561 | -€4,174 | -19.2% |
| Amounts payable within one year | 42/48 | €11,348 | €27,995 | +€16,647 | +147% |
| Current portion of amounts payable after more than one year | 42 | €6,136 | €4,174 | -€1,962 | -32.0% |
| Financial debts | 43 | €462 | €289 | -€173 | -37.4% |
| Credit institutions | 430/8 | €462 | €289 | -€173 | -37.4% |
| Trade debts | 44 | €1,233 | €4,431 | +€3,198 | +259% |
| Suppliers | 440/4 | €1,233 | €4,431 | +€3,198 | +259% |
| Taxes, remuneration and social security | 45 | €2,098 | €8,405 | +€6,308 | +301% |
| Taxes | 450/3 | €2,098 | €8,405 | +€6,308 | +301% |
| Other amounts payable | 47/48 | €1,419 | €10,696 | +€9,277 | +654% |
| Accrued charges and deferred income | 492/3 | €2,158 | €136 | -€2,022 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,353 | €4,716 | -€637 | -11.9% |
| Other operating charges | 640/8 | €149 | €149 | -€0 | -0.1% |
| Gross operating margin | 9900 | €32,049 | €35,172 | +€3,123 | +9.7% |
| Operating profit (loss) | 9901 | €26,547 | €30,307 | +€3,760 | +14.2% |
| Financial charges | 65/66B | €1,320 | €1,308 | -€11 | -0.9% |
| Recurring financial charges | 65 | €1,320 | €1,141 | -€178 | -13.5% |
| Non-recurring financial charges | 66B | - | €167 | +€167 | |
| Profit (loss) for the period before taxes | 9903 | €25,227 | €28,998 | +€3,771 | +14.9% |
| Income taxes | 67/77 | €7,412 | €9,272 | +€1,860 | +25.1% |
| Profit (loss) for the period | 9904 | €17,815 | €19,726 | +€1,911 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,815 | €19,726 | +€1,911 | +10.7% |
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 18 October 2026 via checked.be.