MAKE SOME NOISE: 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 SOME NOISE
Largest movements
- Deferred charges and accrued income +€14,422
up €14,422 (+2,682%), from €538 to €14,960
- Receivables within one year +€6,859
up €6,859 (+69.0%), from €9,944 to €16,804
of which Trade receivables: +€5,439
- Cash -€4,069
down €4,069 (-50.9%), from €7,989 to €3,920
mainly Deferred charges and accrued income (-€14,422) and Receivables within one year (-€6,859)
- Intangible fixed assets -€857
down €857 (-71.9%), from €1,192 to €335
- Profit (loss) carried forward +€14,364
up €14,364, from -€10,760 to €3,604
- Short-term financial debts +€7,000
new in 2025: €7,000
- Tax, wage and social debts -€3,622
down €3,622 (-72.6%), from €4,989 to €1,367
of which Taxes: -€3,622
- Other debts -€2,585
down €2,585 (-55.7%), from €4,645 to €2,060
- Trade debts +€1,276
up €1,276 (+497%), from €257 to €1,533
- Taxes +€3,379
up €3,379 (+1,672%), from €202 to €3,581
- Gross operating margin +€3,192
up €3,192 (+16.3%), from €19,545 to €22,737
- Depreciation -€1,469
down €1,469 (-46.2%), from €3,181 to €1,712
- Other operating charges +€404
up €404 (+53.4%), from €758 to €1,162
- Financial charges -€327
down €327 (-14.5%), from €2,250 to €1,924
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 | €21,115 | €37,483 | +€16,368 | +77.5% |
| Fixed assets | 21/28 | €2,644 | €1,799 | -€844 | -31.9% |
| Intangible fixed assets | 21 | €1,192 | €335 | -€857 | -71.9% |
| Tangible fixed assets | 22/27 | €1,451 | €1,464 | +€13 | +0.9% |
| Plant, machinery and equipment | 23 | €104 | - | -€104 | |
| Furniture and vehicles | 24 | €1,348 | €1,464 | +€116 | +8.6% |
| Current assets | 29/58 | €18,471 | €35,683 | +€17,212 | +93.2% |
| Amounts receivable within one year | 40/41 | €9,944 | €16,804 | +€6,859 | +69.0% |
| Trade receivables | 40 | €8,646 | €14,084 | +€5,439 | +62.9% |
| Other amounts receivable | 41 | €1,299 | €2,719 | +€1,420 | +109% |
| Cash at bank and in hand | 54/58 | €7,989 | €3,920 | -€4,069 | -50.9% |
| Deferred charges and accrued income | 490/1 | €538 | €14,960 | +€14,422 | +2,682% |
| Total equity and liabilities | 10/49 | €21,115 | €37,483 | +€16,368 | +77.5% |
| Equity | 10/15 | €11,159 | €25,523 | +€14,364 | +129% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,419 | €19,419 | = | 0.0% |
| Distributable reserves | 133 | €19,419 | €19,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,760 | €3,604 | +€14,364 | |
| Amounts payable | 17/49 | €9,956 | €11,960 | +€2,004 | +20.1% |
| Amounts payable within one year | 42/48 | €9,891 | €11,960 | +€2,069 | +20.9% |
| Financial debts | 43 | - | €7,000 | +€7,000 | |
| Credit institutions | 430/8 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €257 | €1,533 | +€1,276 | +497% |
| Suppliers | 440/4 | €257 | €1,533 | +€1,276 | +497% |
| Taxes, remuneration and social security | 45 | €4,989 | €1,367 | -€3,622 | -72.6% |
| Taxes | 450/3 | €4,989 | €1,367 | -€3,622 | -72.6% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €4,645 | €2,060 | -€2,585 | -55.7% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,181 | €1,712 | -€1,469 | -46.2% |
| Other operating charges | 640/8 | €758 | €1,162 | +€404 | +53.4% |
| Gross operating margin | 9900 | €19,545 | €22,737 | +€3,192 | +16.3% |
| Operating profit (loss) | 9901 | €15,607 | €19,864 | +€4,257 | +27.3% |
| Financial income | 75/76B | €12 | €5 | -€7 | -55.9% |
| Recurring financial income | 75 | €12 | €5 | -€7 | -55.9% |
| Financial charges | 65/66B | €2,250 | €1,924 | -€327 | -14.5% |
| Recurring financial charges | 65 | €2,250 | €1,924 | -€327 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €13,368 | €17,945 | +€4,577 | +34.2% |
| Income taxes | 67/77 | €202 | €3,581 | +€3,379 | +1,672% |
| Profit (loss) for the period | 9904 | €13,166 | €14,364 | +€1,198 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,166 | €14,364 | +€1,198 | +9.1% |
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 13 October 2026 via checked.be.