MAKE GOOD SENSE: 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 GOOD SENSE
Largest movements
- Cash +€62,124
up €62,124 (+35.4%), from €175,704 to €237,828
mainly Other debts (+€63,693) and Net result for the year (+€41,681)
- Tangible fixed assets -€34,759
down €34,759 (-25.1%), from €138,627 to €103,869
of which Furniture and vehicles: -€28,959
- Receivables within one year -€11,887
down €11,887 (-23.6%), from €50,271 to €38,384
of which Trade receivables: -€17,738
- Other debts +€63,693
up €63,693 (+454.2%), from €14,024 to €77,717
- Reserves -€41,500
down €41,500 (-18.2%), from €228,500 to €187,000
- Debts after one year -€8,385
down €8,385 (-18.8%), from €44,535 to €36,150
- Profit (loss) carried forward +€4,681
up €4,681 (+11.8%), from €39,804 to €44,485
- Trade debts -€3,920
down €3,920 (-38.3%), from €10,248 to €6,327
- Depreciation -€6,170
down €6,170 (-15.1%), from €40,929 to €34,759
- Taxes -€1,590
down €1,590 (-11.4%), from €13,969 to €12,379
- Gross operating margin +€1,128
up €1,128 (+1.2%), from €91,828 to €92,957
- Other operating charges -€1,114
down €1,114 (-26.6%), from €4,185 to €3,071
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 | €366,491 | €381,331 | +€14,840 | +4.0% |
| Fixed assets | 21/28 | €138,627 | €103,869 | -€34,759 | -25.1% |
| Tangible fixed assets | 22/27 | €138,627 | €103,869 | -€34,759 | -25.1% |
| Land and buildings | 22 | €57,999 | €52,199 | -€5,800 | -10.0% |
| Furniture and vehicles | 24 | €80,629 | €51,670 | -€28,959 | -35.9% |
| Current assets | 29/58 | €227,864 | €277,463 | +€49,599 | +21.8% |
| Amounts receivable within one year | 40/41 | €50,271 | €38,384 | -€11,887 | -23.6% |
| Trade receivables | 40 | €41,240 | €23,502 | -€17,738 | -43.0% |
| Other amounts receivable | 41 | €9,031 | €14,882 | +€5,851 | +64.8% |
| Cash at bank and in hand | 54/58 | €175,704 | €237,828 | +€62,124 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,889 | €1,251 | -€638 | -33.8% |
| Total equity and liabilities | 10/49 | €366,491 | €381,331 | +€14,840 | +4.0% |
| Equity | 10/15 | €276,364 | €239,545 | -€36,819 | -13.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €228,500 | €187,000 | -€41,500 | -18.2% |
| Distributable reserves | 133 | €228,500 | €187,000 | -€41,500 | -18.2% |
| Profit (loss) carried forward | 14 | €39,804 | €44,485 | +€4,681 | +11.8% |
| Amounts payable | 17/49 | €90,128 | €141,787 | +€51,659 | +57.3% |
| Amounts payable after more than one year | 17 | €44,535 | €36,150 | -€8,385 | -18.8% |
| Financial debts | 170/4 | €44,535 | €36,150 | -€8,385 | -18.8% |
| Amounts payable within one year | 42/48 | €45,592 | €105,637 | +€60,045 | +131.7% |
| Current portion of amounts payable after more than one year | 42 | €8,140 | €8,385 | +€246 | +3.0% |
| Trade debts | 44 | €10,248 | €6,327 | -€3,920 | -38.3% |
| Suppliers | 440/4 | €10,248 | €6,327 | -€3,920 | -38.3% |
| Taxes, remuneration and social security | 45 | €13,181 | €13,207 | +€26 | +0.2% |
| Taxes | 450/3 | €8,668 | €8,339 | -€329 | -3.8% |
| Remuneration and social security | 454/9 | €4,514 | €4,869 | +€355 | +7.9% |
| Other amounts payable | 47/48 | €14,024 | €77,717 | +€63,693 | +454.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,929 | €34,759 | -€6,170 | -15.1% |
| Other operating charges | 640/8 | €4,185 | €3,071 | -€1,114 | -26.6% |
| Gross operating margin | 9900 | €91,828 | €92,957 | +€1,128 | +1.2% |
| Operating profit (loss) | 9901 | €46,714 | €55,127 | +€8,413 | +18.0% |
| Financial income | 75/76B | - | €767 | +€767 | |
| Recurring financial income | 75 | - | €767 | +€767 | |
| Financial charges | 65/66B | €2,058 | €1,834 | -€224 | -10.9% |
| Recurring financial charges | 65 | €2,058 | €1,834 | -€224 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €44,656 | €54,060 | +€9,404 | +21.1% |
| Income taxes | 67/77 | €13,969 | €12,379 | -€1,590 | -11.4% |
| Profit (loss) for the period | 9904 | €30,687 | €41,681 | +€10,994 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,687 | €41,681 | +€10,994 | +35.8% |
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 11 October 2026 via checked.be.