MAKE UP YOUR BRAND: what changed
What changed
MAKE UP YOUR BRAND
NACE 59.114, Motion picture, video and television programme production, sound recording and music publishing activities
filed annual accounts (NBB)
Net result for the year
€115,426
2024 · €57,586+€57,840
Equity
€652,980
2024 · €1.2m-€533,888
Cash
€87,558
2024 · €118,821-€31,263
Balance sheet total
€1.5m
2024 · €1.7m-€243,492
Largest movements
Assets
- Tangible fixed assets -€188,576
down €188,576 (-12.7%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€127,174
- Cash -€31,263
down €31,263 (-26.3%), from €118,821 to €87,558
mainly Contributions, distributions and other (-€649,313) and Trade debts (-€159,447)
- Receivables within one year -€25,036
down €25,036 (-22.3%), from €112,050 to €87,014
of which Other amounts receivable: -€21,399
Equity and liabilities
- Reserves -€533,888
down €533,888 (-47.0%), from €1.1m to €601,381
of which Distributable reserves: -€533,888
- Other debts +€512,649
up €512,649 (+401%), from €127,875 to €640,524
- Trade debts -€159,447
down €159,447 (-88.5%), from €180,157 to €20,710
- Debts after one year -€32,295
down €32,295 (-27.6%), from €117,193 to €84,898
- Current portion of long-term debt -€28,580
down €28,580 (-43.8%), from €65,181 to €36,600
Income statement
- Gross operating margin +€103,597
up €103,597 (+29.6%), from €349,545 to €453,142
- Financial income -€29,423
down €29,423 (-99.8%), from €29,474 to €51
- Taxes +€11,098
up €11,098 (+43.9%), from €25,278 to €36,376
- Staff costs +€5,838
up €5,838 (+10.4%), from €56,149 to €61,988
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€57,586
Gross operating margin
+€103,597
Staff costs
-€5,838
Depreciation
-€3,430
Other operating charges
+€2,921
Financial income
-€29,423
Financial charges
+€1,111
Taxes
-€11,098
Result 2025
€115,426
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€711,330
Investment
-€32,510
Financing
-€710,083
Cash 2024
€118,821
From operations (derived)
+€711,330
Net result for the year
+€115,426
Depreciation
+€221,085
Receivables within one year
+€25,036
Deferred charges and accrued income
-€1,382
Trade debts
-€159,447
Tax, wage and social debts
-€2,037
Other debts
+€512,649
Investment (derived)
-€32,510
Investment in fixed assets (net)
-€32,510
Financing
-€710,083
Debts after one year
-€32,295
Current portion of long-term debt
-€28,580
Short-term financial debts
+€105
Contributions, distributions and other
-€649,313
Cash 2025
€87,558
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,717,731 | €1,474,239 | -€243,492 | -14.2% |
| Fixed assets | 21/28 | €1,483,858 | €1,295,282 | -€188,576 | -12.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,483,858 | €1,295,282 | -€188,576 | -12.7% |
| Land and buildings | 22 | €836,354 | €775,892 | -€60,463 | -7.2% |
| Plant, machinery and equipment | 23 | €610,720 | €483,546 | -€127,174 | -20.8% |
| Furniture and vehicles | 24 | €36,783 | €35,844 | -€939 | -2.6% |
| Current assets | 29/58 | €233,873 | €178,957 | -€54,916 | -23.5% |
| Amounts receivable within one year | 40/41 | €112,050 | €87,014 | -€25,036 | -22.3% |
| Trade receivables | 40 | €76,488 | €72,850 | -€3,637 | -4.8% |
| Other amounts receivable | 41 | €35,563 | €14,164 | -€21,399 | -60.2% |
| Current investments | 50/53 | €326 | €326 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,821 | €87,558 | -€31,263 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,677 | €4,059 | +€1,382 | +51.6% |
| Total equity and liabilities | 10/49 | €1,717,731 | €1,474,239 | -€243,492 | -14.2% |
| Equity | 10/15 | €1,186,868 | €652,980 | -€533,888 | -45.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,135,269 | €601,381 | -€533,888 | -47.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,116,519 | €582,631 | -€533,888 | -47.8% |
| Profit (loss) carried forward | 14 | €1,599 | €1,599 | = | 0.0% |
| Amounts payable | 17/49 | €530,863 | €821,259 | +€290,396 | +54.7% |
| Amounts payable after more than one year | 17 | €117,193 | €84,898 | -€32,295 | -27.6% |
| Financial debts | 170/4 | €117,193 | €84,898 | -€32,295 | -27.6% |
| Amounts payable within one year | 42/48 | €413,671 | €736,361 | +€322,691 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €65,181 | €36,600 | -€28,580 | -43.8% |
| Financial debts | 43 | €101 | €207 | +€105 | +104% |
| Credit institutions | 430/8 | €101 | €207 | +€105 | +104% |
| Trade debts | 44 | €180,157 | €20,710 | -€159,447 | -88.5% |
| Suppliers | 440/4 | €180,157 | €20,710 | -€159,447 | -88.5% |
| Taxes, remuneration and social security | 45 | €40,356 | €38,319 | -€2,037 | -5.0% |
| Taxes | 450/3 | €29,780 | €26,928 | -€2,852 | -9.6% |
| Remuneration and social security | 454/9 | €10,576 | €11,391 | +€815 | +7.7% |
| Other amounts payable | 47/48 | €127,875 | €640,524 | +€512,649 | +401% |
| Remuneration, social security and pensions | 62 | €56,149 | €61,988 | +€5,838 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,655 | €221,085 | +€3,430 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,338 | €8,417 | -€2,921 | -25.8% |
| Gross operating margin | 9900 | €349,545 | €453,142 | +€103,597 | +29.6% |
| Operating profit (loss) | 9901 | €64,402 | €161,652 | +€97,250 | +151% |
| Financial income | 75/76B | €29,474 | €51 | -€29,423 | -99.8% |
| Recurring financial income | 75 | €29,474 | €51 | -€29,423 | -99.8% |
| Financial charges | 65/66B | €11,012 | €9,901 | -€1,111 | -10.1% |
| Recurring financial charges | 65 | €11,012 | €9,901 | -€1,111 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €82,865 | €151,802 | +€68,938 | +83.2% |
| Income taxes | 67/77 | €25,278 | €36,376 | +€11,098 | +43.9% |
| Profit (loss) for the period | 9904 | €57,586 | €115,426 | +€57,840 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €57,586 | €115,426 | +€57,840 | +100% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.