MakeWaves Interactive: 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.
MakeWaves Interactive
Largest movements
- Receivables within one year +€259,757
up €259,757 (+79.3%), from €327,582 to €587,339
of which Trade receivables: +€303,394
- Cash +€26,621
up €26,621 (+128.4%), from €20,733 to €47,354
mainly Tax, wage and social debts (+€137,924) and Accrued charges and deferred income (+€136,551)
- Deferred charges and accrued income +€15,581
up €15,581 (+272.8%), from €5,711 to €21,292
- Tax, wage and social debts +€137,924
up €137,924 (+270.0%), from €51,084 to €189,008
of which Taxes: +€102,089
- Accrued charges and deferred income +€136,551
new in 2025: €136,551
- Trade debts -€114,964
down €114,964 (-33.0%), from €348,286 to €233,321
- Profit (loss) carried forward +€76,903
up €76,903 (+10.1%), from -€760,801 to -€683,899
- Other debts +€66,787
up €66,787 (+10.8%), from €618,897 to €685,683
- Turnover +€1.4m
up €1.4m (+122.9%), from €1.1m to €2.5m
- Gross operating margin +€934,126
up €934,126 (+8838.9%), from €10,568 to €944,694
- Purchases and services +€498,031
up €498,031 (+41.3%), from €1.2m to €1.7m
- Staff costs +€367,986
up €367,986 (+81.1%), from €453,594 to €821,580
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 | €357,465 | €660,887 | +€303,423 | +84.9% |
| Fixed assets | 21/28 | €3,439 | €4,903 | +€1,464 | +42.6% |
| Tangible fixed assets | 22/27 | €3,439 | €4,903 | +€1,464 | +42.6% |
| Plant, machinery and equipment | 23 | €3,439 | €4,903 | +€1,464 | +42.6% |
| Current assets | 29/58 | €354,026 | €655,984 | +€301,958 | +85.3% |
| Amounts receivable within one year | 40/41 | €327,582 | €587,339 | +€259,757 | +79.3% |
| Trade receivables | 40 | €283,815 | €587,209 | +€303,394 | +106.9% |
| Other amounts receivable | 41 | €43,767 | €130 | -€43,637 | -99.7% |
| Cash at bank and in hand | 54/58 | €20,733 | €47,354 | +€26,621 | +128.4% |
| Deferred charges and accrued income | 490/1 | €5,711 | €21,292 | +€15,581 | +272.8% |
| Total equity and liabilities | 10/49 | €357,465 | €660,887 | +€303,423 | +84.9% |
| Equity | 10/15 | -€660,801 | -€583,899 | +€76,903 | +11.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€760,801 | -€683,899 | +€76,903 | +10.1% |
| Provisions and deferred taxes | 16 | - | €222 | +€222 | |
| Provisions for liabilities and charges | 160/5 | - | €222 | +€222 | |
| Pensions and similar obligations | 160 | - | €222 | +€222 | |
| Amounts payable | 17/49 | €1,018,266 | €1,244,564 | +€226,298 | +22.2% |
| Amounts payable within one year | 42/48 | €1,018,266 | €1,108,013 | +€89,746 | +8.8% |
| Trade debts | 44 | €348,286 | €233,321 | -€114,964 | -33.0% |
| Suppliers | 440/4 | €348,286 | €233,321 | -€114,964 | -33.0% |
| Taxes, remuneration and social security | 45 | €51,084 | €189,008 | +€137,924 | +270.0% |
| Taxes | 450/3 | €1,379 | €103,469 | +€102,089 | +7402.1% |
| Remuneration and social security | 454/9 | €49,705 | €85,539 | +€35,835 | +72.1% |
| Other amounts payable | 47/48 | €618,897 | €685,683 | +€66,787 | +10.8% |
| Accrued charges and deferred income | 492/3 | - | €136,551 | +€136,551 | |
| Turnover | 70 | €1,139,220 | €2,539,342 | +€1.4m | +122.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,204,917 | €1,702,948 | +€498,031 | +41.3% |
| Remuneration, social security and pensions | 62 | €453,594 | €821,580 | +€367,986 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,903 | €929 | -€4,974 | -84.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €222 | +€222 | |
| Other operating charges | 640/8 | €4,324 | €3,175 | -€1,149 | -26.6% |
| Non-recurring operating charges | 66A | €396 | - | -€396 | |
| Gross operating margin | 9900 | €10,568 | €944,694 | +€934,126 | +8838.9% |
| Operating profit (loss) | 9901 | -€453,648 | €118,789 | +€572,436 | |
| Financial income | 75/76B | €7 | €43 | +€36 | +513.3% |
| Recurring financial income | 75 | €7 | €43 | +€36 | +513.3% |
| Financial charges | 65/66B | €19,751 | €40,599 | +€20,848 | +105.6% |
| Recurring financial charges | 65 | €19,751 | €40,599 | +€20,848 | +105.6% |
| Profit (loss) for the period before taxes | 9903 | -€473,392 | €78,232 | +€551,624 | |
| Income taxes | 67/77 | €1,057 | €1,329 | +€273 | +25.8% |
| Profit (loss) for the period | 9904 | -€474,448 | €76,903 | +€551,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€474,448 | €76,903 | +€551,351 |
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 8 October 2026 via checked.be.