Make Over Build: 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 Over Build
Largest movements
- Deferred charges and accrued income +€21,961
up €21,961 (+65.9%), from €33,340 to €55,301
- Stocks and contracts -€14,106
down €14,106 (-19.6%), from €71,869 to €57,762
of which Contracts in progress: -€18,615
- Cash +€12,282
up €12,282 (+267.8%), from €4,586 to €16,868
mainly Net result for the year (+€14,721) and Stocks and contracts (+€14,106)
- Receivables within one year +€3,939
up €3,939 (+1.8%), from €220,800 to €224,738
of which Other amounts receivable: +€12,448
- Short-term financial debts -€15,397
down €15,397 (-100.0%), from €15,397 to €0
- Reserves +€14,721
up €14,721 (+17.8%), from €82,521 to €97,242
of which Distributable reserves: +€14,721
- Other debts +€13,267
up €13,267 (+13.1%), from €101,255 to €114,522
- Accrued charges and deferred income +€12,467
up €12,467 (+844.3%), from €1,477 to €13,943
- Gross operating margin -€5,291
down €5,291 (-5.7%), from €92,521 to €87,230
- Financial income +€2,545
up €2,545 (+1243.8%), from €205 to €2,750
- Staff costs -€2,171
down €2,171 (-3.2%), from €66,864 to €64,693
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 | €335,323 | €357,070 | +€21,747 | +6.5% |
| Fixed assets | 21/28 | €4,728 | €2,400 | -€2,328 | -49.2% |
| Tangible fixed assets | 22/27 | €4,728 | €2,400 | -€2,328 | -49.2% |
| Plant, machinery and equipment | 23 | €4,728 | €2,400 | -€2,328 | -49.2% |
| Current assets | 29/58 | €330,595 | €354,670 | +€24,075 | +7.3% |
| Stocks and contracts in progress | 3 | €71,869 | €57,762 | -€14,106 | -19.6% |
| Stocks | 30/36 | €35,254 | €39,762 | +€4,509 | +12.8% |
| Contracts in progress | 37 | €36,615 | €18,000 | -€18,615 | -50.8% |
| Amounts receivable within one year | 40/41 | €220,800 | €224,738 | +€3,939 | +1.8% |
| Trade receivables | 40 | €204,323 | €195,814 | -€8,509 | -4.2% |
| Other amounts receivable | 41 | €16,477 | €28,925 | +€12,448 | +75.5% |
| Cash at bank and in hand | 54/58 | €4,586 | €16,868 | +€12,282 | +267.8% |
| Deferred charges and accrued income | 490/1 | €33,340 | €55,301 | +€21,961 | +65.9% |
| Total equity and liabilities | 10/49 | €335,323 | €357,070 | +€21,747 | +6.5% |
| Equity | 10/15 | €88,721 | €103,442 | +€14,721 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,521 | €97,242 | +€14,721 | +17.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €82,521 | €97,242 | +€14,721 | +17.8% |
| Amounts payable | 17/49 | €246,602 | €253,627 | +€7,026 | +2.8% |
| Amounts payable within one year | 42/48 | €245,125 | €239,684 | -€5,441 | -2.2% |
| Financial debts | 43 | €15,397 | €0 | -€15,397 | -100.0% |
| Credit institutions | 430/8 | €15,397 | €0 | -€15,397 | -100.0% |
| Trade debts | 44 | €119,296 | €116,216 | -€3,081 | -2.6% |
| Suppliers | 440/4 | €119,296 | €116,216 | -€3,081 | -2.6% |
| Taxes, remuneration and social security | 45 | €9,176 | €8,946 | -€230 | -2.5% |
| Taxes | 450/3 | €3,176 | €2,323 | -€853 | -26.9% |
| Remuneration and social security | 454/9 | €6,000 | €6,623 | +€623 | +10.4% |
| Other amounts payable | 47/48 | €101,255 | €114,522 | +€13,267 | +13.1% |
| Accrued charges and deferred income | 492/3 | €1,477 | €13,943 | +€12,467 | +844.3% |
| Remuneration, social security and pensions | 62 | €66,864 | €64,693 | -€2,171 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,127 | €2,328 | +€201 | +9.4% |
| Other operating charges | 640/8 | €726 | €451 | -€275 | -37.9% |
| Gross operating margin | 9900 | €92,521 | €87,230 | -€5,291 | -5.7% |
| Operating profit (loss) | 9901 | €22,804 | €19,759 | -€3,046 | -13.4% |
| Financial income | 75/76B | €205 | €2,750 | +€2,545 | +1243.8% |
| Recurring financial income | 75 | €205 | €2,750 | +€2,545 | +1243.8% |
| Financial charges | 65/66B | €1,953 | €2,189 | +€237 | +12.1% |
| Recurring financial charges | 65 | €1,953 | €2,189 | +€237 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €21,056 | €20,319 | -€737 | -3.5% |
| Income taxes | 67/77 | €5,261 | €5,598 | +€337 | +6.4% |
| Profit (loss) for the period | 9904 | €15,795 | €14,721 | -€1,073 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,795 | €14,721 | -€1,073 | -6.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.