MakeShiftPublishing: what changed
MakeShiftPublishing
Largest movements
- Deferred charges and accrued income +€18,628
new in 2025: €18,628
- Receivables within one year +€8,059
up €8,059 (+108%), from €7,436 to €15,495
of which Trade receivables: +€7,814
- Cash -€2,087
down €2,087 (-83.1%), from €2,511 to €423
mainly Deferred charges and accrued income (-€18,628) and Receivables within one year (-€8,059)
- Tangible fixed assets +€1,192
up €1,192 (+323%), from €369 to €1,560
- Other debts +€18,635
up €18,635 (+177%), from €10,519 to €29,155
- Profit (loss) carried forward +€12,594
up €12,594, from -€11,823 to €771
- Trade debts -€3,712
down €3,712 (-60.1%), from €6,180 to €2,468
- Tax, wage and social debts -€1,726
down €1,726 (-58.7%), from €2,938 to €1,213
- Gross operating margin +€30,528
up €30,528, from -€16,883 to €13,645
- Depreciation -€607
down €607 (-66.0%), from €919 to €312
- Financial charges -€488
down €488 (-80.2%), from €609 to €120
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,315 | €36,107 | +€25,792 | +250% |
| Fixed assets | 21/28 | €369 | €1,560 | +€1,192 | +323% |
| Tangible fixed assets | 22/27 | €369 | €1,560 | +€1,192 | +323% |
| Furniture and vehicles | 24 | €369 | €1,560 | +€1,192 | +323% |
| Current assets | 29/58 | €9,946 | €34,547 | +€24,600 | +247% |
| Amounts receivable within one year | 40/41 | €7,436 | €15,495 | +€8,059 | +108% |
| Trade receivables | 40 | €7,436 | €15,249 | +€7,814 | +105% |
| Other amounts receivable | 41 | - | €246 | +€246 | |
| Cash at bank and in hand | 54/58 | €2,511 | €423 | -€2,087 | -83.1% |
| Deferred charges and accrued income | 490/1 | - | €18,628 | +€18,628 | |
| Total equity and liabilities | 10/49 | €10,315 | €36,107 | +€25,792 | +250% |
| Equity | 10/15 | -€9,323 | €3,271 | +€12,594 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,823 | €771 | +€12,594 | |
| Amounts payable | 17/49 | €19,638 | €32,836 | +€13,198 | +67.2% |
| Amounts payable within one year | 42/48 | €19,638 | €32,836 | +€13,198 | +67.2% |
| Trade debts | 44 | €6,180 | €2,468 | -€3,712 | -60.1% |
| Suppliers | 440/4 | €6,180 | €2,468 | -€3,712 | -60.1% |
| Taxes, remuneration and social security | 45 | €2,938 | €1,213 | -€1,726 | -58.7% |
| Taxes | 450/3 | €2,938 | €1,213 | -€1,726 | -58.7% |
| Other amounts payable | 47/48 | €10,519 | €29,155 | +€18,635 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €312 | -€607 | -66.0% |
| Other operating charges | 640/8 | €640 | €732 | +€91 | +14.3% |
| Gross operating margin | 9900 | -€16,883 | €13,645 | +€30,528 | |
| Operating profit (loss) | 9901 | -€18,443 | €12,601 | +€31,043 | |
| Financial income | 75/76B | €114 | €114 | -€0 | -0.1% |
| Recurring financial income | 75 | €114 | €114 | -€0 | -0.1% |
| Financial charges | 65/66B | €609 | €120 | -€488 | -80.2% |
| Recurring financial charges | 65 | €609 | €120 | -€488 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,937 | €12,594 | +€31,531 | |
| Profit (loss) for the period | 9904 | -€18,937 | €12,594 | +€31,531 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,937 | €12,594 | +€31,531 |
Next steps
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 1 November 2026 via checked.be.