MAKEASY: 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.
MAKEASY
Largest movements
- Receivables within one year +€101,375
up €101,375 (+111%), from €91,015 to €192,390
of which Trade receivables: +€102,390
- Cash -€32,230
down €32,230 (-86.0%), from €37,475 to €5,246
mainly Contributions, distributions and other (-€115,449) and Receivables within one year (-€101,375)
- Tax, wage and social debts +€77,731
up €77,731 (+128%), from €60,711 to €138,443
of which Taxes: +€74,381
- Profit (loss) carried forward -€5,832
down €5,832 (-8.6%), from €68,170 to €62,338
- Gross operating margin +€32,976
up €32,976 (+25.2%), from €130,691 to €163,668
- Taxes +€13,127
up €13,127 (+39.4%), from €33,349 to €46,476
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 | €132,200 | €202,822 | +€70,622 | +53.4% |
| Fixed assets | 21/28 | €3,710 | €3,699 | -€11 | -0.3% |
| Tangible fixed assets | 22/27 | €2,010 | €1,999 | -€11 | -0.5% |
| Furniture and vehicles | 24 | €2,010 | €1,999 | -€11 | -0.5% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €128,491 | €199,123 | +€70,633 | +55.0% |
| Amounts receivable within one year | 40/41 | €91,015 | €192,390 | +€101,375 | +111% |
| Trade receivables | 40 | €90,000 | €192,390 | +€102,390 | +114% |
| Other amounts receivable | 41 | €1,015 | - | -€1,015 | |
| Cash at bank and in hand | 54/58 | €37,475 | €5,246 | -€32,230 | -86.0% |
| Deferred charges and accrued income | 490/1 | - | €1,488 | +€1,488 | |
| Total equity and liabilities | 10/49 | €132,200 | €202,822 | +€70,622 | +53.4% |
| Equity | 10/15 | €68,170 | €62,338 | -€5,832 | -8.6% |
| Profit (loss) carried forward | 14 | €68,170 | €62,338 | -€5,832 | -8.6% |
| Amounts payable | 17/49 | €64,031 | €140,484 | +€76,453 | +119% |
| Amounts payable within one year | 42/48 | €64,031 | €140,484 | +€76,453 | +119% |
| Trade debts | 44 | €3,319 | €2,041 | -€1,278 | -38.5% |
| Suppliers | 440/4 | €3,319 | €2,041 | -€1,278 | -38.5% |
| Taxes, remuneration and social security | 45 | €60,711 | €138,443 | +€77,731 | +128% |
| Taxes | 450/3 | €60,711 | €135,093 | +€74,381 | +123% |
| Remuneration and social security | 454/9 | - | €3,350 | +€3,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €1,193 | +€798 | +202% |
| Other operating charges | 640/8 | €6,070 | €6,019 | -€51 | -0.8% |
| Gross operating margin | 9900 | €130,691 | €163,668 | +€32,976 | +25.2% |
| Operating profit (loss) | 9901 | €124,227 | €156,456 | +€32,229 | +25.9% |
| Financial income | 75/76B | €60 | €1 | -€59 | -97.9% |
| Recurring financial income | 75 | €60 | €1 | -€59 | -97.9% |
| Financial charges | 65/66B | €195 | €364 | +€169 | +86.5% |
| Recurring financial charges | 65 | €195 | €364 | +€169 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €124,092 | €156,094 | +€32,002 | +25.8% |
| Income taxes | 67/77 | €33,349 | €46,476 | +€13,127 | +39.4% |
| Profit (loss) for the period | 9904 | €90,743 | €109,617 | +€18,875 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,743 | €109,617 | +€18,875 | +20.8% |
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 18 October 2026 via checked.be.