MADE IMMO: 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 IMMO
Largest movements
- Receivables within one year +€10,648
up €10,648 (+3.7%), from €288,004 to €298,652
- Cash -€7,579
down €7,579 (-37.8%), from €20,071 to €12,492
mainly Receivables within one year (-€10,648) and Trade debts (-€578)
- Reserves +€4,559
up €4,559 (+1.6%), from €292,422 to €296,982
- Financial income +€739
up €739 (+7.3%), from €10,113 to €10,852
- Taxes +€542
up €542 (+73.7%), from €735 to €1,277
- Gross operating margin +€149
up €149 (+4.1%), from -€3,633 to -€3,484
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 | €314,329 | €317,602 | +€3,273 | +1.0% |
| Current assets | 29/58 | €314,329 | €317,602 | +€3,273 | +1.0% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €288,004 | €298,652 | +€10,648 | +3.7% |
| Other amounts receivable | 41 | €288,004 | €298,652 | +€10,648 | +3.7% |
| Cash at bank and in hand | 54/58 | €20,071 | €12,492 | -€7,579 | -37.8% |
| Deferred charges and accrued income | 490/1 | €4,254 | €4,458 | +€204 | +4.8% |
| Total equity and liabilities | 10/49 | €314,329 | €317,602 | +€3,273 | +1.0% |
| Equity | 10/15 | €313,007 | €315,582 | +€2,574 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,422 | €296,982 | +€4,559 | +1.6% |
| Distributable reserves | 133 | €292,422 | €296,982 | +€4,559 | +1.6% |
| Profit (loss) carried forward | 14 | €1,985 | €0 | -€1,985 | -100.0% |
| Amounts payable | 17/49 | €1,321 | €2,020 | +€699 | +52.9% |
| Amounts payable within one year | 42/48 | €1,321 | €2,020 | +€699 | +52.9% |
| Trade debts | 44 | €578 | €0 | -€578 | -100.0% |
| Suppliers | 440/4 | €578 | €0 | -€578 | -100.0% |
| Taxes, remuneration and social security | 45 | €743 | €2,020 | +€1,277 | +171.8% |
| Taxes | 450/3 | €743 | €2,020 | +€1,277 | +171.8% |
| Other operating charges | 640/8 | €458 | €478 | +€19 | +4.2% |
| Gross operating margin | 9900 | -€3,633 | -€3,484 | +€149 | +4.1% |
| Operating profit (loss) | 9901 | -€4,091 | -€3,961 | +€130 | +3.2% |
| Financial income | 75/76B | €10,113 | €10,852 | +€739 | +7.3% |
| Recurring financial income | 75 | €10,113 | €10,852 | +€739 | +7.3% |
| Financial charges | 65/66B | €3,047 | €3,039 | -€8 | -0.3% |
| Recurring financial charges | 65 | €3,047 | €3,039 | -€8 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €2,975 | €3,851 | +€877 | +29.5% |
| Income taxes | 67/77 | €735 | €1,277 | +€542 | +73.7% |
| Profit (loss) for the period | 9904 | €2,240 | €2,574 | +€335 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,240 | €2,574 | +€335 | +14.9% |
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 30 September 2026 via checked.be.