madewithlove: 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.
madewithlove
Largest movements
- Cash -€142,254
down €142,254 (-33.3%), from €427,507 to €285,253
mainly Contributions, distributions and other (-€450,000) and Other debts (-€90,000)
- Receivables within one year +€55,238
up €55,238 (+9.4%), from €585,344 to €640,582
of which Trade receivables: +€58,878
- Other debts -€90,000
down €90,000 (-16.7%), from €540,000 to €450,000
- Trade debts -€22,585
down €22,585 (-9.6%), from €235,780 to €213,195
- Tax, wage and social debts +€14,197
up €14,197 (+13.1%), from €107,996 to €122,192
of which Remuneration and social security: +€15,389
- Staff costs +€142,265
up €142,265 (+19.9%), from €715,802 to €858,067
- Gross operating margin +€34,705
up €34,705 (+2.6%), from €1.3m to €1.3m
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 | €1,085,240 | €994,156 | -€91,084 | -8.4% |
| Fixed assets | 21/28 | €42,654 | €39,193 | -€3,461 | -8.1% |
| Intangible fixed assets | 21 | €9,292 | €3,822 | -€5,470 | -58.9% |
| Tangible fixed assets | 22/27 | €31,862 | €27,966 | -€3,896 | -12.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €19,782 | €18,045 | -€1,736 | -8.8% |
| Other tangible fixed assets | 26 | €12,080 | €9,920 | -€2,160 | -17.9% |
| Financial fixed assets | 28 | €1,500 | €7,405 | +€5,905 | +394% |
| Current assets | 29/58 | €1,042,586 | €954,963 | -€87,623 | -8.4% |
| Amounts receivable after more than one year | 29 | €10,825 | €8,414 | -€2,410 | -22.3% |
| Other amounts receivable | 291 | €10,825 | €8,414 | -€2,410 | -22.3% |
| Amounts receivable within one year | 40/41 | €585,344 | €640,582 | +€55,238 | +9.4% |
| Trade receivables | 40 | €564,818 | €623,695 | +€58,878 | +10.4% |
| Other amounts receivable | 41 | €20,527 | €16,887 | -€3,640 | -17.7% |
| Cash at bank and in hand | 54/58 | €427,507 | €285,253 | -€142,254 | -33.3% |
| Deferred charges and accrued income | 490/1 | €18,910 | €20,713 | +€1,804 | +9.5% |
| Total equity and liabilities | 10/49 | €1,085,240 | €994,156 | -€91,084 | -8.4% |
| Equity | 10/15 | €201,465 | €208,768 | +€7,304 | +3.6% |
| Contributions | 10/11 | €135,333 | €135,333 | = | 0.0% |
| Reserves | 13 | €66,132 | €73,435 | +€7,304 | +11.0% |
| Distributable reserves | 133 | €66,132 | €73,435 | +€7,304 | +11.0% |
| Amounts payable | 17/49 | €883,775 | €785,387 | -€98,388 | -11.1% |
| Amounts payable within one year | 42/48 | €883,775 | €785,387 | -€98,388 | -11.1% |
| Trade debts | 44 | €235,780 | €213,195 | -€22,585 | -9.6% |
| Suppliers | 440/4 | €235,780 | €213,195 | -€22,585 | -9.6% |
| Taxes, remuneration and social security | 45 | €107,996 | €122,192 | +€14,197 | +13.1% |
| Taxes | 450/3 | €22,410 | €21,219 | -€1,192 | -5.3% |
| Remuneration and social security | 454/9 | €85,585 | €100,974 | +€15,389 | +18.0% |
| Other amounts payable | 47/48 | €540,000 | €450,000 | -€90,000 | -16.7% |
| Non-recurring operating income | 76A | €275 | €253 | -€23 | -8.2% |
| Remuneration, social security and pensions | 62 | €715,802 | €858,067 | +€142,265 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,908 | €20,370 | -€7,537 | -27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,713 | - | -€8,713 | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €1,315,101 | €1,349,805 | +€34,705 | +2.6% |
| Operating profit (loss) | 9901 | €562,292 | €470,370 | -€91,922 | -16.3% |
| Financial income | 75/76B | €2,892 | €9,441 | +€6,549 | +226% |
| Recurring financial income | 75 | €2,892 | €9,441 | +€6,549 | +226% |
| Financial charges | 65/66B | €3,809 | €8,980 | +€5,171 | +136% |
| Recurring financial charges | 65 | €3,809 | €8,980 | +€5,171 | +136% |
| Profit (loss) for the period before taxes | 9903 | €561,374 | €470,831 | -€90,544 | -16.1% |
| Income taxes | 67/77 | €11,577 | €13,527 | +€1,951 | +16.9% |
| Profit (loss) for the period | 9904 | €549,798 | €457,304 | -€92,494 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €549,798 | €457,304 | -€92,494 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.