MADE IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€13,673
down €13,673 (-7.7%), from €176,969 to €163,296
- Cash +€7,088
up €7,088 (+105%), from €6,743 to €13,831
mainly Depreciation (+€13,673) and Advances received (+€3,660)
- Debts after one year -€11,545
down €11,545 (-6.7%), from €171,863 to €160,318
- Advances received +€3,660
new in 2025: €3,660
- Gross operating margin +€2,986
up €2,986 (+15.0%), from €19,965 to €22,951
- Financial charges +€461
up €461 (+7.1%), from €6,514 to €6,976
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 | €184,075 | €177,853 | -€6,222 | -3.4% |
| Fixed assets | 21/28 | €176,969 | €163,296 | -€13,673 | -7.7% |
| Tangible fixed assets | 22/27 | €176,969 | €163,296 | -€13,673 | -7.7% |
| Land and buildings | 22 | €176,969 | €163,296 | -€13,673 | -7.7% |
| Current assets | 29/58 | €7,106 | €14,557 | +€7,451 | +105% |
| Amounts receivable within one year | 40/41 | €363 | €726 | +€363 | +100% |
| Trade receivables | 40 | €363 | €726 | +€363 | +100% |
| Cash at bank and in hand | 54/58 | €6,743 | €13,831 | +€7,088 | +105% |
| Total equity and liabilities | 10/49 | €184,075 | €177,853 | -€6,222 | -3.4% |
| Equity | 10/15 | -€33,471 | -€33,204 | +€266 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,471 | -€36,204 | +€266 | +0.7% |
| Amounts payable | 17/49 | €217,545 | €211,057 | -€6,488 | -3.0% |
| Amounts payable after more than one year | 17 | €171,863 | €160,318 | -€11,545 | -6.7% |
| Financial debts | 170/4 | €171,863 | €160,318 | -€11,545 | -6.7% |
| Amounts payable within one year | 42/48 | €45,682 | €50,739 | +€5,057 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €11,118 | €11,545 | +€427 | +3.8% |
| Trade debts | 44 | €1,094 | €1,944 | +€850 | +77.7% |
| Suppliers | 440/4 | €1,094 | €1,944 | +€850 | +77.7% |
| Advances received on contracts in progress | 46 | - | €3,660 | +€3,660 | |
| Taxes, remuneration and social security | 45 | €36 | €156 | +€120 | +335% |
| Taxes | 450/3 | €36 | €156 | +€120 | +335% |
| Other amounts payable | 47/48 | €33,434 | €33,434 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,673 | €13,673 | = | 0.0% |
| Other operating charges | 640/8 | €1,977 | €2,037 | +€60 | +3.0% |
| Gross operating margin | 9900 | €19,965 | €22,951 | +€2,986 | +15.0% |
| Operating profit (loss) | 9901 | €4,315 | €7,242 | +€2,927 | +67.8% |
| Financial charges | 65/66B | €6,514 | €6,976 | +€461 | +7.1% |
| Recurring financial charges | 65 | €6,514 | €6,976 | +€461 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,199 | €266 | +€2,465 | |
| Profit (loss) for the period | 9904 | -€2,199 | €266 | +€2,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,199 | €266 | +€2,465 |
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 15 October 2026 via checked.be.