Make IT Smarter: 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 Smarter
Largest movements
- Receivables within one year -€223,553
down €223,553 (-43.8%), from €510,844 to €287,290
of which Trade receivables: -€240,791
- Trade debts -€202,211
down €202,211 (-78.3%), from €258,228 to €56,016
of which Suppliers: -€201,530
- Tax, wage and social debts -€71,449
down €71,449 (-25.4%), from €281,304 to €209,855
of which Taxes: -€76,971
- Profit (loss) carried forward +€56,001
up €56,001 (+28.3%), from €197,569 to €253,571
- Purchases and services +€41,016
up €41,016 (+22.1%), from €185,937 to €226,954
- Taxes -€35,757
down €35,757, from €27,106 to -€8,651
- Gross operating margin -€20,996
down €20,996 (-14.5%), from €144,580 to €123,583
- Turnover +€10,375
up €10,375 (+3.1%), from €330,517 to €340,892
- Other operating charges -€8,250
down €8,250 (-41.6%), from €19,810 to €11,560
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 | €742,752 | €520,442 | -€222,310 | -29.9% |
| Fixed assets | 21/28 | €1,217 | €74 | -€1,143 | -93.9% |
| Tangible fixed assets | 22/27 | €1,217 | €74 | -€1,143 | -93.9% |
| Plant, machinery and equipment | 23 | €715 | - | -€715 | |
| Furniture and vehicles | 24 | €502 | €74 | -€428 | -85.3% |
| Current assets | 29/58 | €741,535 | €520,368 | -€221,167 | -29.8% |
| Amounts receivable after more than one year | 29 | €207,212 | €212,455 | +€5,242 | +2.5% |
| Trade receivables | 290 | €207,212 | - | -€207,212 | |
| Other amounts receivable | 291 | - | €212,455 | +€212,455 | |
| Amounts receivable within one year | 40/41 | €510,844 | €287,290 | -€223,553 | -43.8% |
| Trade receivables | 40 | €334,841 | €94,050 | -€240,791 | -71.9% |
| Other amounts receivable | 41 | €176,003 | €193,240 | +€17,238 | +9.8% |
| Cash at bank and in hand | 54/58 | €21,612 | €16,255 | -€5,357 | -24.8% |
| Deferred charges and accrued income | 490/1 | €1,867 | €4,368 | +€2,501 | +134.0% |
| Total equity and liabilities | 10/49 | €742,752 | €520,442 | -€222,310 | -29.9% |
| Equity | 10/15 | €198,569 | €254,571 | +€56,001 | +28.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,569 | €253,571 | +€56,001 | +28.3% |
| Amounts payable | 17/49 | €544,183 | €265,871 | -€278,311 | -51.1% |
| Amounts payable within one year | 42/48 | €539,532 | €265,871 | -€273,661 | -50.7% |
| Trade debts | 44 | €258,228 | €56,016 | -€202,211 | -78.3% |
| Suppliers | 440/4 | €257,547 | €56,016 | -€201,530 | -78.3% |
| Bills of exchange payable | 441 | €681 | - | -€681 | |
| Taxes, remuneration and social security | 45 | €281,304 | €209,855 | -€71,449 | -25.4% |
| Taxes | 450/3 | €272,242 | €195,271 | -€76,971 | -28.3% |
| Remuneration and social security | 454/9 | €9,062 | €14,584 | +€5,522 | +60.9% |
| Accrued charges and deferred income | 492/3 | €4,651 | - | -€4,651 | |
| Turnover | 70 | €330,517 | €340,892 | +€10,375 | +3.1% |
| Non-recurring operating income | 76A | €3,800 | - | -€3,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €185,937 | €226,954 | +€41,016 | +22.1% |
| Remuneration, social security and pensions | 62 | €38,758 | €41,527 | +€2,769 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €1,143 | -€1,268 | -52.6% |
| Other operating charges | 640/8 | €19,810 | €11,560 | -€8,250 | -41.6% |
| Non-recurring operating charges | 66A | €15,200 | €22,578 | +€7,378 | +48.5% |
| Gross operating margin | 9900 | €144,580 | €123,583 | -€20,996 | -14.5% |
| Operating profit (loss) | 9901 | €68,401 | €46,775 | -€21,625 | -31.6% |
| Financial income | 75/76B | €12,517 | €14,001 | +€1,484 | +11.9% |
| Recurring financial income | 75 | €12,517 | €14,001 | +€1,484 | +11.9% |
| Financial charges | 65/66B | €11,344 | €13,426 | +€2,082 | +18.4% |
| Recurring financial charges | 65 | €11,344 | €13,426 | +€2,082 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €69,574 | €47,350 | -€22,224 | -31.9% |
| Income taxes | 67/77 | €27,106 | -€8,651 | -€35,757 | |
| Profit (loss) for the period | 9904 | €42,468 | €56,001 | +€13,533 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,468 | €56,001 | +€13,533 | +31.9% |
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 5 October 2026 via checked.be.