Makes10: what changed
Two fiscal 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.
Makes10
Largest movements
- Cash +€32,823
up €32,823 (+47.0%), from €69,816 to €102,639
mainly Net result for the year (+€69,842) and Current investments (+€26,221)
- Current investments -€26,221
down €26,221 (-31.4%), from €83,520 to €57,299
- Reserves +€10,842
up €10,842 (+6.8%), from €160,569 to €171,411
- Tax, wage and social debts -€6,042
down €6,042 (-55.7%), from €10,839 to €4,797
- Gross operating margin +€9,314
up €9,314 (+11.4%), from €81,357 to €90,671
- Taxes +€1,945
up €1,945 (+11.3%), from €17,287 to €19,233
- Depreciation +€1,120
up €1,120 (+178.8%), from €626 to €1,746
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 | €175,590 | €182,554 | +€6,964 | +4.0% |
| Fixed assets | 21/28 | €6,432 | €6,404 | -€27 | -0.4% |
| Tangible fixed assets | 22/27 | €6,432 | €6,404 | -€27 | -0.4% |
| Furniture and vehicles | 24 | €6,432 | €6,404 | -€27 | -0.4% |
| Current assets | 29/58 | €169,158 | €176,150 | +€6,992 | +4.1% |
| Amounts receivable within one year | 40/41 | €14,485 | €14,409 | -€76 | -0.5% |
| Trade receivables | 40 | €14,485 | €13,812 | -€673 | -4.6% |
| Other amounts receivable | 41 | - | €597 | +€597 | |
| Current investments | 50/53 | €83,520 | €57,299 | -€26,221 | -31.4% |
| Cash at bank and in hand | 54/58 | €69,816 | €102,639 | +€32,823 | +47.0% |
| Deferred charges and accrued income | 490/1 | €1,336 | €1,802 | +€466 | +34.8% |
| Total equity and liabilities | 10/49 | €175,590 | €182,554 | +€6,964 | +4.0% |
| Equity | 10/15 | €162,069 | €172,911 | +€10,842 | +6.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €160,569 | €171,411 | +€10,842 | +6.8% |
| Distributable reserves | 133 | €160,569 | €171,411 | +€10,842 | +6.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,520 | €9,642 | -€3,878 | -28.7% |
| Amounts payable within one year | 42/48 | €13,520 | €9,642 | -€3,878 | -28.7% |
| Trade debts | 44 | €2,490 | €3,122 | +€633 | +25.4% |
| Suppliers | 440/4 | €2,490 | €3,122 | +€633 | +25.4% |
| Taxes, remuneration and social security | 45 | €10,839 | €4,797 | -€6,042 | -55.7% |
| Taxes | 450/3 | €10,839 | €4,797 | -€6,042 | -55.7% |
| Other amounts payable | 47/48 | €191 | €1,723 | +€1,532 | +801.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €626 | €1,746 | +€1,120 | +178.8% |
| Other operating charges | 640/8 | €277 | €528 | +€251 | +90.4% |
| Gross operating margin | 9900 | €81,357 | €90,671 | +€9,314 | +11.4% |
| Operating profit (loss) | 9901 | €80,454 | €88,398 | +€7,944 | +9.9% |
| Financial income | 75/76B | €1,084 | €797 | -€287 | -26.5% |
| Recurring financial income | 75 | €1,084 | €797 | -€287 | -26.5% |
| Financial charges | 65/66B | €70 | €121 | +€50 | +71.8% |
| Recurring financial charges | 65 | €70 | €121 | +€50 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €81,468 | €89,075 | +€7,607 | +9.3% |
| Income taxes | 67/77 | €17,287 | €19,233 | +€1,945 | +11.3% |
| Profit (loss) for the period | 9904 | €64,181 | €69,842 | +€5,661 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,181 | €69,842 | +€5,661 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.