Make it Happen: 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 it Happen
Largest movements
- Current investments -€95,594
down €95,594 (-95.0%), from €100,594 to €5,000
- Cash +€59,278
up €59,278 (+587%), from €10,097 to €69,375
mainly Net result for the year (+€103,479) and Current investments (+€95,594)
- Deferred charges and accrued income +€22,204
up €22,204 (+293%), from €7,578 to €29,782
- Receivables within one year +€20,348
up €20,348 (+53.7%), from €37,923 to €58,270
of which Trade receivables: +€20,082
- Tangible fixed assets +€14,869
up €14,869 (+27.2%), from €54,703 to €69,572
of which Other tangible fixed assets: +€28,181
- Other debts +€67,893
up €67,893 (+182%), from €37,378 to €105,271
- Reserves -€53,056
down €53,056 (-39.1%), from €135,629 to €82,573
- Tax, wage and social debts +€6,953
up €6,953 (+48.7%), from €14,263 to €21,216
- Gross operating margin -€10,604
down €10,604 (-6.4%), from €166,304 to €155,700
- Taxes -€7,578
down €7,578 (-21.8%), from €34,812 to €27,235
- Depreciation +€2,032
up €2,032 (+13.7%), from €14,803 to €16,835
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 | €210,895 | €232,000 | +€21,105 | +10.0% |
| Fixed assets | 21/28 | €54,703 | €69,572 | +€14,869 | +27.2% |
| Tangible fixed assets | 22/27 | €54,703 | €69,572 | +€14,869 | +27.2% |
| Plant, machinery and equipment | 23 | €1,715 | €1,500 | -€214 | -12.5% |
| Furniture and vehicles | 24 | €46,610 | €33,513 | -€13,097 | -28.1% |
| Other tangible fixed assets | 26 | €6,378 | €34,559 | +€28,181 | +442% |
| Current assets | 29/58 | €156,192 | €162,428 | +€6,236 | +4.0% |
| Amounts receivable within one year | 40/41 | €37,923 | €58,270 | +€20,348 | +53.7% |
| Trade receivables | 40 | €37,923 | €58,005 | +€20,082 | +53.0% |
| Other amounts receivable | 41 | - | €265 | +€265 | |
| Current investments | 50/53 | €100,594 | €5,000 | -€95,594 | -95.0% |
| Cash at bank and in hand | 54/58 | €10,097 | €69,375 | +€59,278 | +587% |
| Deferred charges and accrued income | 490/1 | €7,578 | €29,782 | +€22,204 | +293% |
| Total equity and liabilities | 10/49 | €210,895 | €232,000 | +€21,105 | +10.0% |
| Equity | 10/15 | €154,229 | €101,173 | -€53,056 | -34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,629 | €82,573 | -€53,056 | -39.1% |
| Distributable reserves | 133 | €135,629 | €82,573 | -€53,056 | -39.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,666 | €130,827 | +€74,161 | +131% |
| Amounts payable within one year | 42/48 | €54,739 | €128,195 | +€73,456 | +134% |
| Trade debts | 44 | €3,098 | €1,709 | -€1,389 | -44.8% |
| Suppliers | 440/4 | €3,098 | €1,709 | -€1,389 | -44.8% |
| Taxes, remuneration and social security | 45 | €14,263 | €21,216 | +€6,953 | +48.7% |
| Taxes | 450/3 | €14,263 | €21,216 | +€6,953 | +48.7% |
| Other amounts payable | 47/48 | €37,378 | €105,271 | +€67,893 | +182% |
| Accrued charges and deferred income | 492/3 | €1,927 | €2,632 | +€705 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,803 | €16,835 | +€2,032 | +13.7% |
| Other operating charges | 640/8 | €853 | €614 | -€239 | -28.1% |
| Gross operating margin | 9900 | €166,304 | €155,700 | -€10,604 | -6.4% |
| Operating profit (loss) | 9901 | €150,648 | €138,252 | -€12,396 | -8.2% |
| Financial income | 75/76B | €84 | €0 | -€84 | -99.9% |
| Recurring financial income | 75 | €84 | €0 | -€84 | -99.9% |
| Financial charges | 65/66B | €6,379 | €7,539 | +€1,160 | +18.2% |
| Recurring financial charges | 65 | €6,379 | €7,539 | +€1,160 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €144,353 | €130,713 | -€13,640 | -9.4% |
| Income taxes | 67/77 | €34,812 | €27,235 | -€7,578 | -21.8% |
| Profit (loss) for the period | 9904 | €109,541 | €103,479 | -€6,062 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,541 | €103,479 | -€6,062 | -5.5% |
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 27 October 2026 via checked.be.