Made-INvest: 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-INvest
Largest movements
- Cash +€23,222
up €23,222 (+34.5%), from €67,318 to €90,541
mainly Net result for the year (+€24,517) and Deferred charges and accrued income (+€6,750)
- Deferred charges and accrued income -€6,750
no longer reported in 2025 (was €6,750)
- Reserves +€24,517
up €24,517 (+80.6%), from €30,419 to €54,937
- Other debts -€12,722
no longer reported in 2025 (was €12,722)
- Tax, wage and social debts +€4,787
up €4,787 (+26.5%), from €18,037 to €22,824
of which Remuneration and social security: +€6,074
- Gross operating margin +€36,838
up €36,838 (+115%), from €32,091 to €68,929
- Staff costs +€25,270
up €25,270 (+223%), from €11,328 to €36,598
- Financial charges -€10,845
down €10,845 (-98.3%), from €11,031 to €186
- Taxes +€5,544
up €5,544 (+499%), from €1,111 to €6,655
- Other operating charges -€4,752
down €4,752 (-98.5%), from €4,824 to €72
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 | €78,685 | €94,598 | +€15,913 | +20.2% |
| Formation expenses | 20 | €348 | €16 | -€331 | -95.3% |
| Fixed assets | 21/28 | €2,637 | €2,050 | -€588 | -22.3% |
| Tangible fixed assets | 22/27 | €2,637 | €2,050 | -€588 | -22.3% |
| Furniture and vehicles | 24 | €2,637 | €2,050 | -€588 | -22.3% |
| Current assets | 29/58 | €75,700 | €92,532 | +€16,832 | +22.2% |
| Amounts receivable within one year | 40/41 | €1,632 | €1,991 | +€359 | +22.0% |
| Trade receivables | 40 | €1,490 | €1,448 | -€43 | -2.9% |
| Other amounts receivable | 41 | €142 | €543 | +€402 | +284% |
| Cash at bank and in hand | 54/58 | €67,318 | €90,541 | +€23,222 | +34.5% |
| Deferred charges and accrued income | 490/1 | €6,750 | - | -€6,750 | |
| Total equity and liabilities | 10/49 | €78,685 | €94,598 | +€15,913 | +20.2% |
| Equity | 10/15 | €43,676 | €68,193 | +€24,517 | +56.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,419 | €54,937 | +€24,517 | +80.6% |
| Distributable reserves | 133 | €30,419 | €54,937 | +€24,517 | +80.6% |
| Profit (loss) carried forward | 14 | €3,256 | €3,256 | = | 0.0% |
| Amounts payable | 17/49 | €35,010 | €26,405 | -€8,605 | -24.6% |
| Amounts payable within one year | 42/48 | €35,010 | €26,405 | -€8,605 | -24.6% |
| Trade debts | 44 | €4,250 | €3,581 | -€670 | -15.8% |
| Suppliers | 440/4 | €4,250 | €3,581 | -€670 | -15.8% |
| Taxes, remuneration and social security | 45 | €18,037 | €22,824 | +€4,787 | +26.5% |
| Taxes | 450/3 | €16,005 | €14,719 | -€1,286 | -8.0% |
| Remuneration and social security | 454/9 | €2,032 | €8,106 | +€6,074 | +299% |
| Other amounts payable | 47/48 | €12,722 | - | -€12,722 | |
| Remuneration, social security and pensions | 62 | €11,328 | €36,598 | +€25,270 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €919 | +€287 | +45.5% |
| Other operating charges | 640/8 | €4,824 | €72 | -€4,752 | -98.5% |
| Gross operating margin | 9900 | €32,091 | €68,929 | +€36,838 | +115% |
| Operating profit (loss) | 9901 | €15,307 | €31,340 | +€16,033 | +105% |
| Financial income | 75/76B | €90 | €19 | -€72 | -79.4% |
| Recurring financial income | 75 | €90 | €19 | -€72 | -79.4% |
| Financial charges | 65/66B | €11,031 | €186 | -€10,845 | -98.3% |
| Recurring financial charges | 65 | €11,031 | €186 | -€10,845 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €4,367 | €31,172 | +€26,806 | +614% |
| Income taxes | 67/77 | €1,111 | €6,655 | +€5,544 | +499% |
| Profit (loss) for the period | 9904 | €3,256 | €24,517 | +€21,261 | +653% |
| Profit (loss) for the period to be appropriated | 9905 | €3,256 | €24,517 | +€21,261 | +653% |
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 30 October 2026 via checked.be.