MakePeopleBelieve: 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.
MakePeopleBelieve
Largest movements
- Receivables within one year -€48,984
down €48,984 (-72.5%), from €67,543 to €18,559
of which Other amounts receivable: -€37,628
- Tangible fixed assets -€22,313
down €22,313 (-14.5%), from €154,196 to €131,884
of which Furniture and vehicles: -€11,989
- Cash -€12,174
down €12,174 (-13.0%), from €93,749 to €81,574
mainly Contributions, distributions and other (-€97,900) and Tax, wage and social debts (-€31,693)
- Reserves -€91,000
down €91,000 (-34.5%), from €263,542 to €172,542
- Other debts +€42,299
up €42,299, from €0 to €42,299
- Tax, wage and social debts -€31,693
down €31,693 (-80.5%), from €39,358 to €7,665
- Profit (loss) carried forward -€6,290
down €6,290 (-98.8%), from €6,364 to €73
- Trade debts +€3,213
up €3,213 (+437%), from €735 to €3,948
- Gross operating margin -€108,099
down €108,099 (-75.7%), from €142,871 to €34,773
- Taxes -€23,745
down €23,745 (-90.1%), from €26,368 to €2,623
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 | €315,998 | €232,527 | -€83,471 | -26.4% |
| Fixed assets | 21/28 | €154,196 | €131,884 | -€22,313 | -14.5% |
| Tangible fixed assets | 22/27 | €154,196 | €131,884 | -€22,313 | -14.5% |
| Plant, machinery and equipment | 23 | €133,896 | €123,572 | -€10,324 | -7.7% |
| Furniture and vehicles | 24 | €20,300 | €8,311 | -€11,989 | -59.1% |
| Current assets | 29/58 | €161,802 | €100,643 | -€61,159 | -37.8% |
| Amounts receivable within one year | 40/41 | €67,543 | €18,559 | -€48,984 | -72.5% |
| Trade receivables | 40 | €20,802 | €9,446 | -€11,356 | -54.6% |
| Other amounts receivable | 41 | €46,741 | €9,113 | -€37,628 | -80.5% |
| Cash at bank and in hand | 54/58 | €93,749 | €81,574 | -€12,174 | -13.0% |
| Deferred charges and accrued income | 490/1 | €510 | €510 | = | 0.0% |
| Total equity and liabilities | 10/49 | €315,998 | €232,527 | -€83,471 | -26.4% |
| Equity | 10/15 | €275,905 | €178,615 | -€97,290 | -35.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €263,542 | €172,542 | -€91,000 | -34.5% |
| Distributable reserves | 133 | €263,542 | €172,542 | -€91,000 | -34.5% |
| Profit (loss) carried forward | 14 | €6,364 | €73 | -€6,290 | -98.8% |
| Amounts payable | 17/49 | €40,093 | €53,912 | +€13,819 | +34.5% |
| Amounts payable within one year | 42/48 | €40,093 | €53,912 | +€13,819 | +34.5% |
| Trade debts | 44 | €735 | €3,948 | +€3,213 | +437% |
| Suppliers | 440/4 | €735 | €3,948 | +€3,213 | +437% |
| Taxes, remuneration and social security | 45 | €39,358 | €7,665 | -€31,693 | -80.5% |
| Taxes | 450/3 | €39,358 | €7,665 | -€31,693 | -80.5% |
| Other amounts payable | 47/48 | €0 | €42,299 | +€42,299 | |
| Remuneration, social security and pensions | 62 | €0 | €863 | +€863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,014 | €31,721 | +€707 | +2.3% |
| Other operating charges | 640/8 | €2,474 | €1,368 | -€1,106 | -44.7% |
| Gross operating margin | 9900 | €142,871 | €34,773 | -€108,099 | -75.7% |
| Operating profit (loss) | 9901 | €109,384 | €821 | -€108,563 | -99.2% |
| Financial income | 75/76B | €1,334 | €2,541 | +€1,207 | +90.5% |
| Recurring financial income | 75 | €1,334 | €2,541 | +€1,207 | +90.5% |
| Financial charges | 65/66B | €71 | €129 | +€58 | +82.0% |
| Recurring financial charges | 65 | €71 | €129 | +€58 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €110,646 | €3,232 | -€107,414 | -97.1% |
| Income taxes | 67/77 | €26,368 | €2,623 | -€23,745 | -90.1% |
| Profit (loss) for the period | 9904 | €84,278 | €610 | -€83,668 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,278 | €610 | -€83,668 | -99.3% |
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.