Makesvalue: 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.
Makesvalue
Largest movements
- Cash +€50,195
up €50,195 (+39.4%), from €127,492 to €177,687
mainly Net result for the year (+€74,906) and Tax, wage and social debts (+€15,514)
- Receivables within one year +€21,995
up €21,995 (+1255.4%), from €1,752 to €23,747
of which Trade receivables: +€23,338
- Profit (loss) carried forward +€60,621
up €60,621 (+83042.5%), from €73 to €60,694
- Tax, wage and social debts +€15,514
up €15,514 (+27.2%), from €56,953 to €72,467
of which Taxes: +€15,514
- Trade debts -€2,951
down €2,951 (-41.1%), from €7,176 to €4,225
- Taxes -€5,043
down €5,043 (-17.0%), from €29,691 to €24,648
- Financial income +€1,723
up €1,723 (+1656.7%), from €104 to €1,827
- Depreciation +€1,284
up €1,284 (+103.0%), from €1,246 to €2,530
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 | €136,425 | €209,633 | +€73,208 | +53.7% |
| Fixed assets | 21/28 | €7,181 | €8,143 | +€962 | +13.4% |
| Tangible fixed assets | 22/27 | €7,181 | €8,143 | +€962 | +13.4% |
| Furniture and vehicles | 24 | €7,181 | €6,202 | -€979 | -13.6% |
| Other tangible fixed assets | 26 | - | €1,941 | +€1,941 | |
| Current assets | 29/58 | €129,244 | €201,490 | +€72,246 | +55.9% |
| Amounts receivable within one year | 40/41 | €1,752 | €23,747 | +€21,995 | +1255.4% |
| Trade receivables | 40 | €347 | €23,685 | +€23,338 | +6725.6% |
| Other amounts receivable | 41 | €1,405 | €62 | -€1,343 | -95.6% |
| Cash at bank and in hand | 54/58 | €127,492 | €177,687 | +€50,195 | +39.4% |
| Deferred charges and accrued income | 490/1 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €136,425 | €209,633 | +€73,208 | +53.7% |
| Equity | 10/15 | €71,673 | €132,294 | +€60,621 | +84.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €70,600 | €70,600 | = | 0.0% |
| Distributable reserves | 133 | €70,600 | €70,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73 | €60,694 | +€60,621 | +83042.5% |
| Amounts payable | 17/49 | €64,752 | €77,339 | +€12,587 | +19.4% |
| Amounts payable within one year | 42/48 | €64,129 | €76,716 | +€12,587 | +19.6% |
| Trade debts | 44 | €7,176 | €4,225 | -€2,951 | -41.1% |
| Suppliers | 440/4 | €7,176 | €4,225 | -€2,951 | -41.1% |
| Taxes, remuneration and social security | 45 | €56,953 | €72,467 | +€15,514 | +27.2% |
| Taxes | 450/3 | €52,503 | €68,017 | +€15,514 | +29.5% |
| Remuneration and social security | 454/9 | €4,450 | €4,450 | = | 0.0% |
| Other amounts payable | 47/48 | - | €24 | +€24 | |
| Accrued charges and deferred income | 492/3 | €623 | €623 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €2,530 | +€1,284 | +103.0% |
| Other operating charges | 640/8 | €126 | €475 | +€349 | +277.0% |
| Gross operating margin | 9900 | €101,641 | €100,816 | -€825 | -0.8% |
| Operating profit (loss) | 9901 | €100,269 | €97,811 | -€2,458 | -2.5% |
| Financial income | 75/76B | €104 | €1,827 | +€1,723 | +1656.7% |
| Recurring financial income | 75 | €104 | €1,827 | +€1,723 | +1656.7% |
| Financial charges | 65/66B | €9 | €84 | +€75 | +833.3% |
| Recurring financial charges | 65 | €9 | €84 | +€75 | +833.3% |
| Profit (loss) for the period before taxes | 9903 | €100,364 | €99,554 | -€810 | -0.8% |
| Income taxes | 67/77 | €29,691 | €24,648 | -€5,043 | -17.0% |
| Profit (loss) for the period | 9904 | €70,673 | €74,906 | +€4,233 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,673 | €74,906 | +€4,233 | +6.0% |
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 4 October 2026 via checked.be.