Made In Heaven: what changed
Made In Heaven
Largest movements
- Receivables within one year -€6,454
down €6,454 (-57.0%), from €11,318 to €4,864
of which Trade receivables: -€4,842
- Intangible fixed assets -€5,984
down €5,984 (-100%), from €5,984 to €0
- Cash -€4,978
down €4,978 (-37.6%), from €13,241 to €8,263
mainly Trade debts (-€10,591) and Net result for the year (-€3,707)
- Deferred charges and accrued income +€535
up €535 (+1,075%), from €50 to €585
- Trade debts -€10,591
down €10,591 (-73.6%), from €14,387 to €3,796
- Profit (loss) carried forward -€3,707
down €3,707 (-74.0%), from €5,011 to €1,303
- Tax, wage and social debts -€2,583
down €2,583 (-94.8%), from €2,723 to €140
- Gross operating margin -€604
down €604 (-16.4%), from €3,680 to €3,077
- Depreciation -€395
down €395 (-6.2%), from €6,379 to €5,984
- Financial charges -€352
down €352 (-72.9%), from €483 to €131
- Other operating charges +€232
up €232 (+53.0%), from €438 to €670
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,593 | €13,712 | -€16,881 | -55.2% |
| Fixed assets | 21/28 | €5,984 | €0 | -€5,984 | -100% |
| Intangible fixed assets | 21 | €5,984 | €0 | -€5,984 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €24,609 | €13,712 | -€10,897 | -44.3% |
| Amounts receivable within one year | 40/41 | €11,318 | €4,864 | -€6,454 | -57.0% |
| Trade receivables | 40 | €9,706 | €4,864 | -€4,842 | -49.9% |
| Other amounts receivable | 41 | €1,612 | €0 | -€1,612 | -100% |
| Cash at bank and in hand | 54/58 | €13,241 | €8,263 | -€4,978 | -37.6% |
| Deferred charges and accrued income | 490/1 | €50 | €585 | +€535 | +1,075% |
| Total equity and liabilities | 10/49 | €30,593 | €13,712 | -€16,881 | -55.2% |
| Equity | 10/15 | €11,211 | €7,503 | -€3,707 | -33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,011 | €1,303 | -€3,707 | -74.0% |
| Amounts payable | 17/49 | €19,382 | €6,208 | -€13,174 | -68.0% |
| Amounts payable within one year | 42/48 | €19,382 | €6,208 | -€13,174 | -68.0% |
| Trade debts | 44 | €14,387 | €3,796 | -€10,591 | -73.6% |
| Suppliers | 440/4 | €14,387 | €3,796 | -€10,591 | -73.6% |
| Taxes, remuneration and social security | 45 | €2,723 | €140 | -€2,583 | -94.8% |
| Taxes | 450/3 | €2,723 | €140 | -€2,583 | -94.8% |
| Other amounts payable | 47/48 | €2,272 | €2,272 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,379 | €5,984 | -€395 | -6.2% |
| Other operating charges | 640/8 | €438 | €670 | +€232 | +53.0% |
| Gross operating margin | 9900 | €3,680 | €3,077 | -€604 | -16.4% |
| Operating profit (loss) | 9901 | -€3,136 | -€3,577 | -€440 | -14.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €483 | €131 | -€352 | -72.9% |
| Recurring financial charges | 65 | €483 | €131 | -€352 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,619 | -€3,707 | -€89 | -2.4% |
| Profit (loss) for the period | 9904 | -€3,619 | -€3,707 | -€89 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,619 | -€3,707 | -€89 | -2.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.