MAKE IT DAUNE: 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 IT DAUNE
Largest movements
- Cash +€87,735
up €87,735 (+129.1%), from €67,955 to €155,691
mainly Net result for the year (+€124,416) and Tax, wage and social debts (+€23,743)
- Receivables after one year +€40,000
new in 2025: €40,000
- Receivables within one year +€14,476
up €14,476 (+300.9%), from €4,810 to €19,286
of which Trade receivables: +€13,145
- Tangible fixed assets +€5,588
up €5,588 (+750.7%), from €744 to €6,333
of which Other tangible fixed assets: +€4,175
- Profit (loss) carried forward +€124,416
up €124,416 (+301.5%), from €41,271 to €165,687
- Tax, wage and social debts +€23,743
up €23,743 (+76.5%), from €31,049 to €54,793
- Gross operating margin +€111,202
up €111,202 (+210.5%), from €52,825 to €164,027
- Taxes +€25,703
up €25,703 (+230.2%), from €11,167 to €36,870
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 | €76,017 | €223,480 | +€147,462 | +194.0% |
| Fixed assets | 21/28 | €744 | €6,333 | +€5,588 | +750.7% |
| Tangible fixed assets | 22/27 | €744 | €6,333 | +€5,588 | +750.7% |
| Furniture and vehicles | 24 | €744 | €2,158 | +€1,413 | +189.8% |
| Other tangible fixed assets | 26 | - | €4,175 | +€4,175 | |
| Current assets | 29/58 | €75,273 | €217,147 | +€141,874 | +188.5% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €4,810 | €19,286 | +€14,476 | +300.9% |
| Trade receivables | 40 | €2,876 | €16,022 | +€13,145 | +457.0% |
| Other amounts receivable | 41 | €1,934 | €3,264 | +€1,330 | +68.8% |
| Cash at bank and in hand | 54/58 | €67,955 | €155,691 | +€87,735 | +129.1% |
| Deferred charges and accrued income | 490/1 | €2,507 | €2,170 | -€337 | -13.5% |
| Total equity and liabilities | 10/49 | €76,017 | €223,480 | +€147,462 | +194.0% |
| Equity | 10/15 | €43,271 | €167,687 | +€124,416 | +287.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,271 | €165,687 | +€124,416 | +301.5% |
| Amounts payable | 17/49 | €32,746 | €55,793 | +€23,047 | +70.4% |
| Amounts payable within one year | 42/48 | €31,746 | €54,793 | +€23,047 | +72.6% |
| Trade debts | 44 | €697 | - | -€697 | |
| Suppliers | 440/4 | €697 | - | -€697 | |
| Taxes, remuneration and social security | 45 | €31,049 | €54,793 | +€23,743 | +76.5% |
| Taxes | 450/3 | €31,049 | €54,793 | +€23,743 | +76.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €1,093 | +€937 | +602.7% |
| Other operating charges | 640/8 | €177 | €817 | +€640 | +361.5% |
| Gross operating margin | 9900 | €52,825 | €164,027 | +€111,202 | +210.5% |
| Operating profit (loss) | 9901 | €52,492 | €162,117 | +€109,624 | +208.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €55 | €831 | +€777 | +1425.0% |
| Recurring financial charges | 65 | €55 | €831 | +€777 | +1425.0% |
| Profit (loss) for the period before taxes | 9903 | €52,438 | €161,286 | +€108,848 | +207.6% |
| Income taxes | 67/77 | €11,167 | €36,870 | +€25,703 | +230.2% |
| Profit (loss) for the period | 9904 | €41,271 | €124,416 | +€83,144 | +201.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,271 | €124,416 | +€83,144 | +201.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.