MAKE F-IT: 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.
MAKE F-IT
Largest movements
- Receivables within one year +€30,566
up €30,566 (+80.3%), from €38,048 to €68,614
of which Other amounts receivable: +€24,343
- Financial fixed assets -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Cash -€13,661
down €13,661 (-14.5%), from €94,204 to €80,543
mainly Contributions, distributions and other (-€236,752) and Receivables within one year (-€30,566)
- Current investments +€8,687
up €8,687 (+82.0%), from €10,593 to €19,280
- Tangible fixed assets -€5,353
down €5,353 (-36.2%), from €14,795 to €9,443
of which Furniture and vehicles: -€4,857
- Reserves -€173,400
down €173,400 (-100.0%), from €173,400 to €0
- Other debts +€133,350
up €133,350 (+52693.1%), from €253 to €133,603
- Tax, wage and social debts +€30,229
up €30,229 (+1332.4%), from €2,269 to €32,498
of which Taxes: +€28,390
- Short-term financial debts +€5,055
new in 2025: €5,055
- Trade debts +€2,100
up €2,100 (+123.0%), from €1,707 to €3,807
- Gross operating margin +€62,249
up €62,249 (+202.9%), from €30,672 to €92,921
- Taxes +€16,667
up €16,667 (+294.9%), from €5,651 to €22,318
- Financial income +€2,724
new in 2025: €2,724
- Depreciation +€2,633
up €2,633 (+96.8%), from €2,720 to €5,353
- Financial charges +€2,413
up €2,413 (+159.8%), from €1,510 to €3,923
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 | €182,641 | €179,963 | -€2,678 | -1.5% |
| Fixed assets | 21/28 | €39,795 | €9,443 | -€30,353 | -76.3% |
| Tangible fixed assets | 22/27 | €14,795 | €9,443 | -€5,353 | -36.2% |
| Plant, machinery and equipment | 23 | €632 | €136 | -€496 | -78.5% |
| Furniture and vehicles | 24 | €14,164 | €9,307 | -€4,857 | -34.3% |
| Financial fixed assets | 28 | €25,000 | €0 | -€25,000 | -100.0% |
| Current assets | 29/58 | €142,846 | €170,520 | +€27,675 | +19.4% |
| Amounts receivable within one year | 40/41 | €38,048 | €68,614 | +€30,566 | +80.3% |
| Trade receivables | 40 | €17,042 | €23,265 | +€6,223 | +36.5% |
| Other amounts receivable | 41 | €21,006 | €45,349 | +€24,343 | +115.9% |
| Current investments | 50/53 | €10,593 | €19,280 | +€8,687 | +82.0% |
| Cash at bank and in hand | 54/58 | €94,204 | €80,543 | -€13,661 | -14.5% |
| Deferred charges and accrued income | 490/1 | - | €2,083 | +€2,083 | |
| Total equity and liabilities | 10/49 | €182,641 | €179,963 | -€2,678 | -1.5% |
| Equity | 10/15 | €178,412 | €5,000 | -€173,412 | -97.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,400 | €0 | -€173,400 | -100.0% |
| Distributable reserves | 133 | €173,400 | €0 | -€173,400 | -100.0% |
| Profit (loss) carried forward | 14 | €12 | €0 | -€12 | -100.0% |
| Amounts payable | 17/49 | €4,229 | €174,963 | +€170,734 | +4037.3% |
| Amounts payable within one year | 42/48 | €4,229 | €174,963 | +€170,734 | +4037.3% |
| Financial debts | 43 | - | €5,055 | +€5,055 | |
| Credit institutions | 430/8 | - | €5,055 | +€5,055 | |
| Trade debts | 44 | €1,707 | €3,807 | +€2,100 | +123.0% |
| Suppliers | 440/4 | €1,707 | €3,807 | +€2,100 | +123.0% |
| Taxes, remuneration and social security | 45 | €2,269 | €32,498 | +€30,229 | +1332.4% |
| Taxes | 450/3 | €2,269 | €30,658 | +€28,390 | +1251.4% |
| Remuneration and social security | 454/9 | - | €1,840 | +€1,840 | |
| Other amounts payable | 47/48 | €253 | €133,603 | +€133,350 | +52693.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,720 | €5,353 | +€2,633 | +96.8% |
| Other operating charges | 640/8 | €1,655 | €711 | -€943 | -57.0% |
| Gross operating margin | 9900 | €30,672 | €92,921 | +€62,249 | +202.9% |
| Operating profit (loss) | 9901 | €26,298 | €86,857 | +€60,559 | +230.3% |
| Financial income | 75/76B | - | €2,724 | +€2,724 | |
| Recurring financial income | 75 | - | €2,724 | +€2,724 | |
| Financial charges | 65/66B | €1,510 | €3,923 | +€2,413 | +159.8% |
| Recurring financial charges | 65 | €1,510 | €3,923 | +€2,413 | +159.8% |
| Profit (loss) for the period before taxes | 9903 | €24,788 | €85,658 | +€60,870 | +245.6% |
| Income taxes | 67/77 | €5,651 | €22,318 | +€16,667 | +294.9% |
| Profit (loss) for the period | 9904 | €19,137 | €63,340 | +€44,203 | +231.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,137 | €63,340 | +€44,203 | +231.0% |
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 12 October 2026 via checked.be.