MADE TO MEASURE: 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 TO MEASURE
Largest movements
- Receivables within one year +€18,168
up €18,168 (+120%), from €15,090 to €33,258
of which Other amounts receivable: +€15,858
- Tangible fixed assets -€15,228
down €15,228 (-22.2%), from €68,473 to €53,245
- Cash -€8,428
down €8,428 (-32.1%), from €26,245 to €17,817
mainly Contributions, distributions and other (-€32,000) and Receivables within one year (-€18,168)
- Debts after one year -€11,092
down €11,092 (-25.9%), from €42,791 to €31,700
- Current portion of long-term debt +€5,377
up €5,377 (+30.8%), from €17,444 to €22,821
- Reserves +€2,847
up €2,847 (+9.4%), from €30,310 to €33,157
of which Distributable reserves: +€4,707
- Tax, wage and social debts -€1,595
down €1,595 (-17.3%), from €9,245 to €7,650
- Depreciation +€8,277
up €8,277 (+119%), from €6,951 to €15,228
- Financial charges +€931
up €931 (+48.7%), from €1,910 to €2,841
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 | €111,587 | €106,259 | -€5,328 | -4.8% |
| Fixed assets | 21/28 | €68,473 | €53,245 | -€15,228 | -22.2% |
| Tangible fixed assets | 22/27 | €68,473 | €53,245 | -€15,228 | -22.2% |
| Furniture and vehicles | 24 | €68,473 | €53,245 | -€15,228 | -22.2% |
| Current assets | 29/58 | €43,113 | €53,014 | +€9,900 | +23.0% |
| Amounts receivable within one year | 40/41 | €15,090 | €33,258 | +€18,168 | +120% |
| Trade receivables | 40 | €14,137 | €16,447 | +€2,311 | +16.3% |
| Other amounts receivable | 41 | €953 | €16,811 | +€15,858 | +1,664% |
| Cash at bank and in hand | 54/58 | €26,245 | €17,817 | -€8,428 | -32.1% |
| Deferred charges and accrued income | 490/1 | €1,779 | €1,939 | +€160 | +9.0% |
| Total equity and liabilities | 10/49 | €111,587 | €106,259 | -€5,328 | -4.8% |
| Equity | 10/15 | €36,510 | €39,357 | +€2,847 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,310 | €33,157 | +€2,847 | +9.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €28,450 | €33,157 | +€4,707 | +16.5% |
| Amounts payable | 17/49 | €75,076 | €66,902 | -€8,175 | -10.9% |
| Amounts payable after more than one year | 17 | €42,791 | €31,700 | -€11,092 | -25.9% |
| Financial debts | 170/4 | €42,791 | €31,700 | -€11,092 | -25.9% |
| Amounts payable within one year | 42/48 | €32,285 | €35,202 | +€2,917 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €17,444 | €22,821 | +€5,377 | +30.8% |
| Financial debts | 43 | €2,160 | €1,744 | -€416 | -19.2% |
| Credit institutions | 430/8 | €2,160 | €1,744 | -€416 | -19.2% |
| Trade debts | 44 | €3,436 | €2,987 | -€449 | -13.1% |
| Suppliers | 440/4 | €3,436 | €2,987 | -€449 | -13.1% |
| Taxes, remuneration and social security | 45 | €9,245 | €7,650 | -€1,595 | -17.3% |
| Taxes | 450/3 | €9,245 | €7,650 | -€1,595 | -17.3% |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,951 | €15,228 | +€8,277 | +119% |
| Other operating charges | 640/8 | €884 | €825 | -€60 | -6.7% |
| Gross operating margin | 9900 | €73,416 | €72,953 | -€463 | -0.6% |
| Operating profit (loss) | 9901 | €65,580 | €56,900 | -€8,680 | -13.2% |
| Financial income | 75/76B | €722 | €498 | -€225 | -31.1% |
| Recurring financial income | 75 | €722 | €498 | -€225 | -31.1% |
| Financial charges | 65/66B | €1,910 | €2,841 | +€931 | +48.7% |
| Recurring financial charges | 65 | €1,910 | €2,841 | +€931 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €64,393 | €54,557 | -€9,836 | -15.3% |
| Income taxes | 67/77 | €19,623 | €19,710 | +€87 | +0.4% |
| Profit (loss) for the period | 9904 | €44,769 | €34,847 | -€9,923 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,769 | €34,847 | -€9,923 | -22.2% |
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 28 October 2026 via checked.be.