Made Law: 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 Law
Largest movements
- Receivables within one year -€11,289
down €11,289 (-51.7%), from €21,830 to €10,541
of which Trade receivables: -€7,684
- Cash -€7,391
down €7,391 (-19.0%), from €38,845 to €31,454
mainly Contributions, distributions and other (-€40,748) and Deferred charges and accrued income (-€7,062)
- Deferred charges and accrued income +€7,062
new in 2025: €7,062
- Tangible fixed assets +€1,832
new in 2025: €1,832
- Profit (loss) carried forward -€13,665
down €13,665 (-100.0%), from €13,665 to €0
- Contributions +€5,000
new in 2025: €5,000
- Revaluation surpluses -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts +€2,337
up €2,337 (+17.3%), from €13,504 to €15,841
- Other debts +€1,359
up €1,359 (+5.0%), from €27,000 to €28,359
- Gross operating margin -€9,273
down €9,273 (-19.8%), from €46,758 to €37,485
- Taxes -€3,295
down €3,295 (-30.0%), from €10,974 to €7,679
- Other operating charges +€1,835
up €1,835 (+297.0%), from €618 to €2,453
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 | €60,675 | €50,890 | -€9,785 | -16.1% |
| Fixed assets | 21/28 | - | €1,832 | +€1,832 | |
| Tangible fixed assets | 22/27 | - | €1,832 | +€1,832 | |
| Furniture and vehicles | 24 | - | €1,832 | +€1,832 | |
| Current assets | 29/58 | €60,675 | €49,057 | -€11,618 | -19.1% |
| Amounts receivable within one year | 40/41 | €21,830 | €10,541 | -€11,289 | -51.7% |
| Trade receivables | 40 | €18,225 | €10,541 | -€7,684 | -42.2% |
| Other amounts receivable | 41 | €3,605 | €0 | -€3,605 | -100.0% |
| Cash at bank and in hand | 54/58 | €38,845 | €31,454 | -€7,391 | -19.0% |
| Deferred charges and accrued income | 490/1 | - | €7,062 | +€7,062 | |
| Total equity and liabilities | 10/49 | €60,675 | €50,890 | -€9,785 | -16.1% |
| Equity | 10/15 | €18,665 | €5,000 | -€13,665 | -73.2% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Revaluation surpluses | 12 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €13,665 | €0 | -€13,665 | -100.0% |
| Amounts payable | 17/49 | €42,010 | €45,890 | +€3,880 | +9.2% |
| Amounts payable within one year | 42/48 | €42,010 | €45,542 | +€3,532 | +8.4% |
| Trade debts | 44 | €1,506 | €1,342 | -€164 | -10.9% |
| Suppliers | 440/4 | €1,506 | €1,342 | -€164 | -10.9% |
| Taxes, remuneration and social security | 45 | €13,504 | €15,841 | +€2,337 | +17.3% |
| Taxes | 450/3 | €13,504 | €15,841 | +€2,337 | +17.3% |
| Other amounts payable | 47/48 | €27,000 | €28,359 | +€1,359 | +5.0% |
| Accrued charges and deferred income | 492/3 | - | €347 | +€347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €106 | +€106 | |
| Other operating charges | 640/8 | €618 | €2,453 | +€1,835 | +297.0% |
| Gross operating margin | 9900 | €46,758 | €37,485 | -€9,273 | -19.8% |
| Operating profit (loss) | 9901 | €46,140 | €34,925 | -€11,215 | -24.3% |
| Financial income | 75/76B | €414 | €206 | -€208 | -50.2% |
| Recurring financial income | 75 | €414 | €206 | -€208 | -50.2% |
| Financial charges | 65/66B | €439 | €370 | -€69 | -15.8% |
| Recurring financial charges | 65 | €439 | €370 | -€69 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €46,115 | €34,762 | -€11,353 | -24.6% |
| Income taxes | 67/77 | €10,974 | €7,679 | -€3,295 | -30.0% |
| Profit (loss) for the period | 9904 | €35,141 | €27,083 | -€8,058 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,141 | €27,083 | -€8,058 | -22.9% |
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 9 October 2026 via checked.be.