MAKE: what changed
Two fiscal 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.
MAKE
Largest movements
- Receivables within one year +€42,881
up €42,881 (+51.0%), from €84,075 to €126,955
of which Trade receivables: +€28,286
- Deferred charges and accrued income +€13,154
up €13,154 (+72.9%), from €18,055 to €31,209
- Cash +€4,683
up €4,683 (+34.8%), from €13,473 to €18,156
mainly Net result for the year (+€38,658) and Trade debts (+€25,460)
- Trade debts +€25,460
up €25,460 (+67.5%), from €37,718 to €63,179
- Profit (loss) carried forward +€20,118
no longer reported in 2023 (was -€20,118)
- Reserves +€18,539
up €18,539 (+90.0%), from €20,610 to €39,149
of which Distributable reserves: +€18,539
- Tax, wage and social debts -€6,202
down €6,202 (-34.1%), from €18,183 to €11,981
of which Taxes: -€6,202
- Advances received +€2,586
up €2,586 (+16.7%), from €15,505 to €18,091
- Gross operating margin +€79,703
up €79,703, from -€26,773 to €52,931
- Taxes +€7,817
up €7,817 (+6537.8%), from €120 to €7,936
- Financial charges -€5,230
down €5,230 (-96.5%), from €5,417 to €187
of which Non-recurring financial charges: -€5,279
- Other operating charges +€2,247
new in 2023: €2,247
- Financial income -€1,193
no longer reported in 2023 (was €1,193)
of which Financial income: -€1,193
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,012 | €182,957 | +€59,946 | +48.7% |
| Fixed assets | 21/28 | €7,409 | €6,637 | -€772 | -10.4% |
| Tangible fixed assets | 22/27 | €6,859 | €6,087 | -€772 | -11.3% |
| Furniture and vehicles | 24 | €3,690 | €4,503 | +€812 | +22.0% |
| Other tangible fixed assets | 26 | €3,168 | €1,584 | -€1,584 | -50.0% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €115,603 | €176,320 | +€60,717 | +52.5% |
| Amounts receivable within one year | 40/41 | €84,075 | €126,955 | +€42,881 | +51.0% |
| Trade receivables | 40 | €51,593 | €79,879 | +€28,286 | +54.8% |
| Other amounts receivable | 41 | €32,481 | €47,076 | +€14,595 | +44.9% |
| Cash at bank and in hand | 54/58 | €13,473 | €18,156 | +€4,683 | +34.8% |
| Deferred charges and accrued income | 490/1 | €18,055 | €31,209 | +€13,154 | +72.9% |
| Total equity and liabilities | 10/49 | €123,012 | €182,957 | +€59,946 | +48.7% |
| Equity | 10/15 | €19,092 | €57,749 | +€38,658 | +202.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €39,149 | +€18,539 | +90.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,750 | €37,289 | +€18,539 | +98.9% |
| Profit (loss) carried forward | 14 | -€20,118 | - | +€20,118 | |
| Provisions and deferred taxes | 16 | €31,957 | €31,957 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €31,957 | €31,957 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,000 | €18,000 | = | 0.0% |
| Taxes | 161 | €13,957 | €13,957 | = | 0.0% |
| Amounts payable | 17/49 | €71,963 | €93,251 | +€21,288 | +29.6% |
| Amounts payable within one year | 42/48 | €71,963 | €93,251 | +€21,288 | +29.6% |
| Trade debts | 44 | €37,718 | €63,179 | +€25,460 | +67.5% |
| Suppliers | 440/4 | €37,718 | €63,179 | +€25,460 | +67.5% |
| Advances received on contracts in progress | 46 | €15,505 | €18,091 | +€2,586 | +16.7% |
| Taxes, remuneration and social security | 45 | €18,183 | €11,981 | -€6,202 | -34.1% |
| Taxes | 450/3 | €17,806 | €11,604 | -€6,202 | -34.8% |
| Remuneration and social security | 454/9 | €377 | €377 | = | 0.0% |
| Other amounts payable | 47/48 | €557 | - | -€557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,200 | €3,902 | +€702 | +21.9% |
| Other operating charges | 640/8 | - | €2,247 | +€2,247 | |
| Gross operating margin | 9900 | -€26,773 | €52,931 | +€79,703 | |
| Operating profit (loss) | 9901 | -€29,973 | €46,781 | +€76,754 | |
| Financial income | 75/76B | €1,193 | - | -€1,193 | |
| Recurring financial income | 75 | €1,193 | - | -€1,193 | |
| Non-recurring financial income | 76B | €1,193 | - | -€1,193 | |
| Financial charges | 65/66B | €5,417 | €187 | -€5,230 | -96.5% |
| Recurring financial charges | 65 | €138 | €187 | +€49 | +35.9% |
| Non-recurring financial charges | 66B | €5,279 | - | -€5,279 | |
| Profit (loss) for the period before taxes | 9903 | -€34,197 | €46,594 | +€80,792 | |
| Income taxes | 67/77 | €120 | €7,936 | +€7,817 | +6537.8% |
| Profit (loss) for the period | 9904 | -€34,317 | €38,658 | +€72,975 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,317 | €38,658 | +€72,975 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.