MAKE-IT-SMOOTH: 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-SMOOTH
Largest movements
- Receivables within one year +€38,244
up €38,244 (+247.2%), from €15,472 to €53,716
of which Other amounts receivable: +€40,861
- Cash +€9,664
up €9,664 (+37.2%), from €25,999 to €35,663
mainly Net result for the year (+€83,931) and Other debts (+€38,751)
- Tangible fixed assets -€5,948
down €5,948 (-1.8%), from €328,453 to €322,505
of which Land and buildings: -€3,456
- Other debts +€38,751
up €38,751 (+64.6%), from €60,000 to €98,751
- Profit (loss) carried forward +€20,402
up €20,402 (+47.0%), from €43,411 to €63,813
- Debts after one year -€18,991
down €18,991 (-9.7%), from €196,049 to €177,058
- Trade debts +€5,155
up €5,155 (+289.9%), from €1,778 to €6,933
- Financial income +€36,459
up €36,459 (+180.1%), from €20,239 to €56,698
- Depreciation +€6,151
up €6,151 (+29.7%), from €20,677 to €26,828
- Taxes -€3,189
down €3,189 (-21.7%), from €14,671 to €11,482
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 | €372,759 | €416,696 | +€43,937 | +11.8% |
| Fixed assets | 21/28 | €330,022 | €324,073 | -€5,948 | -1.8% |
| Tangible fixed assets | 22/27 | €328,453 | €322,505 | -€5,948 | -1.8% |
| Land and buildings | 22 | €288,631 | €285,176 | -€3,456 | -1.2% |
| Furniture and vehicles | 24 | €39,822 | €37,329 | -€2,493 | -6.3% |
| Financial fixed assets | 28 | €1,568 | €1,568 | = | 0.0% |
| Current assets | 29/58 | €42,738 | €92,623 | +€49,885 | +116.7% |
| Amounts receivable within one year | 40/41 | €15,472 | €53,716 | +€38,244 | +247.2% |
| Trade receivables | 40 | €14,898 | €12,281 | -€2,617 | -17.6% |
| Other amounts receivable | 41 | €574 | €41,436 | +€40,861 | +7117.0% |
| Cash at bank and in hand | 54/58 | €25,999 | €35,663 | +€9,664 | +37.2% |
| Deferred charges and accrued income | 490/1 | €1,266 | €3,243 | +€1,977 | +156.1% |
| Total equity and liabilities | 10/49 | €372,759 | €416,696 | +€43,937 | +11.8% |
| Equity | 10/15 | €58,411 | €78,813 | +€20,402 | +34.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,411 | €63,813 | +€20,402 | +47.0% |
| Amounts payable | 17/49 | €314,348 | €337,883 | +€23,535 | +7.5% |
| Amounts payable after more than one year | 17 | €196,049 | €177,058 | -€18,991 | -9.7% |
| Financial debts | 170/4 | €196,049 | €177,058 | -€18,991 | -9.7% |
| Amounts payable within one year | 42/48 | €116,720 | €157,800 | +€41,080 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €18,358 | €19,010 | +€652 | +3.6% |
| Trade debts | 44 | €1,778 | €6,933 | +€5,155 | +289.9% |
| Suppliers | 440/4 | €1,778 | €6,933 | +€5,155 | +289.9% |
| Taxes, remuneration and social security | 45 | €36,584 | €33,107 | -€3,477 | -9.5% |
| Taxes | 450/3 | €35,084 | €27,355 | -€7,729 | -22.0% |
| Remuneration and social security | 454/9 | €1,500 | €5,752 | +€4,252 | +283.5% |
| Other amounts payable | 47/48 | €60,000 | €98,751 | +€38,751 | +64.6% |
| Accrued charges and deferred income | 492/3 | €1,579 | €3,025 | +€1,446 | +91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,677 | €26,828 | +€6,151 | +29.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €1,649 | €9,229 | +€7,580 | +459.6% |
| Gross operating margin | 9900 | €82,216 | €82,914 | +€698 | +0.8% |
| Operating profit (loss) | 9901 | €59,502 | €46,457 | -€13,045 | -21.9% |
| Financial income | 75/76B | €20,239 | €56,698 | +€36,459 | +180.1% |
| Recurring financial income | 75 | €20,239 | €56,698 | +€36,459 | +180.1% |
| Financial charges | 65/66B | €8,340 | €7,741 | -€599 | -7.2% |
| Recurring financial charges | 65 | €8,340 | €7,741 | -€599 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €71,400 | €95,413 | +€24,013 | +33.6% |
| Income taxes | 67/77 | €14,671 | €11,482 | -€3,189 | -21.7% |
| Profit (loss) for the period | 9904 | €56,729 | €83,931 | +€27,202 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,729 | €83,931 | +€27,202 | +48.0% |
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 10 October 2026 via checked.be.