Make IT Smart: 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 Smart
Largest movements
- Tangible fixed assets -€34,697
down €34,697 (-7.9%), from €437,249 to €402,553
of which Land and buildings: -€22,895
- Cash -€23,707
down €23,707 (-29.5%), from €80,294 to €56,588
mainly Contributions, distributions and other (-€111,522) and Debts after one year (-€31,322)
- Contributions -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year -€31,322
down €31,322 (-24.6%), from €127,571 to €96,250
- Reserves +€21,088
up €21,088 (+7.9%), from €268,021 to €289,109
- Gross operating margin +€23,592
up €23,592 (+17.2%), from €137,266 to €160,858
- Depreciation +€6,027
up €6,027 (+21.0%), from €28,670 to €34,697
- Taxes +€5,406
up €5,406 (+20.0%), from €27,001 to €32,407
- Other operating charges +€1,675
up €1,675 (+66.6%), from €2,514 to €4,189
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 | €534,307 | €478,258 | -€56,049 | -10.5% |
| Fixed assets | 21/28 | €437,249 | €402,553 | -€34,697 | -7.9% |
| Tangible fixed assets | 22/27 | €437,249 | €402,553 | -€34,697 | -7.9% |
| Land and buildings | 22 | €386,029 | €363,135 | -€22,895 | -5.9% |
| Furniture and vehicles | 24 | €51,220 | €39,418 | -€11,802 | -23.0% |
| Current assets | 29/58 | €97,057 | €75,706 | -€21,352 | -22.0% |
| Amounts receivable within one year | 40/41 | €15,572 | €17,855 | +€2,282 | +14.7% |
| Trade receivables | 40 | €14,566 | €17,855 | +€3,289 | +22.6% |
| Other amounts receivable | 41 | €1,006 | - | -€1,006 | |
| Cash at bank and in hand | 54/58 | €80,294 | €56,588 | -€23,707 | -29.5% |
| Deferred charges and accrued income | 490/1 | €1,191 | €1,263 | +€72 | +6.1% |
| Total equity and liabilities | 10/49 | €534,307 | €478,258 | -€56,049 | -10.5% |
| Equity | 10/15 | €318,021 | €289,109 | -€28,912 | -9.1% |
| Contributions | 10/11 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €268,021 | €289,109 | +€21,088 | +7.9% |
| Distributable reserves | 133 | €268,021 | €289,109 | +€21,088 | +7.9% |
| Amounts payable | 17/49 | €216,285 | €189,149 | -€27,136 | -12.5% |
| Amounts payable after more than one year | 17 | €127,571 | €96,250 | -€31,322 | -24.6% |
| Financial debts | 170/4 | €127,571 | €96,250 | -€31,322 | -24.6% |
| Amounts payable within one year | 42/48 | €87,155 | €91,308 | +€4,153 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €30,460 | €31,322 | +€862 | +2.8% |
| Trade debts | 44 | €30 | €1,042 | +€1,013 | +3425.5% |
| Suppliers | 440/4 | €30 | €1,042 | +€1,013 | +3425.5% |
| Taxes, remuneration and social security | 45 | €29,478 | €33,762 | +€4,284 | +14.5% |
| Taxes | 450/3 | €25,187 | €29,431 | +€4,243 | +16.8% |
| Remuneration and social security | 454/9 | €4,290 | €4,331 | +€41 | +0.9% |
| Other amounts payable | 47/48 | €27,188 | €25,182 | -€2,006 | -7.4% |
| Accrued charges and deferred income | 492/3 | €1,559 | €1,592 | +€33 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,670 | €34,697 | +€6,027 | +21.0% |
| Other operating charges | 640/8 | €2,514 | €4,189 | +€1,675 | +66.6% |
| Gross operating margin | 9900 | €137,266 | €160,858 | +€23,592 | +17.2% |
| Operating profit (loss) | 9901 | €106,082 | €121,972 | +€15,890 | +15.0% |
| Financial charges | 65/66B | €8,031 | €6,955 | -€1,076 | -13.4% |
| Recurring financial charges | 65 | €8,031 | €6,955 | -€1,076 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €98,051 | €115,017 | +€16,966 | +17.3% |
| Income taxes | 67/77 | €27,001 | €32,407 | +€5,406 | +20.0% |
| Profit (loss) for the period | 9904 | €71,050 | €82,609 | +€11,560 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,050 | €82,609 | +€11,560 | +16.3% |
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 29 September 2026 via checked.be.