MAKIN'MEMORIES: 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.
What changed
MAKIN'MEMORIES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€692,134
2024 · €1.9m-€1.2m
Equity
€12.9m
2024 · €12.7m+€252,134
Cash
€240,018
2024 · €170,353+€69,665
Balance sheet total
€19.5m
2024 · €18.9m+€633,129
Largest movements
Assets
- Financial fixed assets +€834,857
up €834,857 (+7.9%), from €10.5m to €11.4m
Equity and liabilities
- Debts after one year +€690,398
up €690,398 (+14.7%), from €4.7m to €5.4m
of which Financial debts: +€778,841
- Current portion of long-term debt -€487,009
down €487,009 (-78.8%), from €617,840 to €130,831
- Trade debts +€269,625
up €269,625 (+1,034%), from €26,073 to €295,697
- Reserves +€252,134
up €252,134 (+4.3%), from €5.8m to €6.1m
of which Non-distributable reserves: +€252,385
Income statement
- Financial income -€952,753
down €952,753 (-61.1%), from €1.6m to €606,658
- Gross operating margin -€221,620
down €221,620 (-33.5%), from €662,098 to €440,478
- Depreciation +€53,391
up €53,391 (+68.2%), from €78,258 to €131,649
- Other operating charges +€19,806
up €19,806 (+289%), from €6,851 to €26,657
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.
Result 2024
€1.9m
Gross operating margin
-€221,620
Depreciation
-€53,391
Other operating charges
-€19,806
Financial income
-€952,753
Financial charges
+€4,922
Taxes
+€308
Result 2025
€692,134
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€833,585
Financing
-€236,611
Cash 2024
€170,353
From operations (derived)
+€1.1m
Net result for the year
+€692,134
Depreciation
+€131,649
Receivables after one year
+€132,720
Receivables within one year
+€5,053
Smaller working-capital items
+€616
Trade debts
+€269,625
Tax, wage and social debts
-€5,279
Other debts
-€86,657
Investment (derived)
-€833,585
Investment in fixed assets (net)
-€833,585
Financing
-€236,611
Debts after one year
+€690,398
Current portion of long-term debt
-€487,009
Contributions, distributions and other
-€440,000
Cash 2025
€240,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,870,171 | €19,503,300 | +€633,129 | +3.4% |
| Fixed assets | 21/28 | €13,594,411 | €14,296,347 | +€701,936 | +5.2% |
| Tangible fixed assets | 22/27 | €3,051,143 | €2,918,221 | -€132,921 | -4.4% |
| Land and buildings | 22 | €3,051,143 | €2,918,221 | -€132,921 | -4.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €10,543,269 | €11,378,126 | +€834,857 | +7.9% |
| Current assets | 29/58 | €5,275,760 | €5,206,953 | -€68,807 | -1.3% |
| Amounts receivable after more than one year | 29 | €5,096,806 | €4,964,086 | -€132,720 | -2.6% |
| Other amounts receivable | 291 | €5,096,806 | €4,964,086 | -€132,720 | -2.6% |
| Amounts receivable within one year | 40/41 | €7,630 | €2,577 | -€5,053 | -66.2% |
| Trade receivables | 40 | €0 | €1 | +€1 | |
| Other amounts receivable | 41 | €7,630 | €2,576 | -€5,054 | -66.2% |
| Cash at bank and in hand | 54/58 | €170,353 | €240,018 | +€69,665 | +40.9% |
| Deferred charges and accrued income | 490/1 | €972 | €273 | -€700 | -72.0% |
| Total equity and liabilities | 10/49 | €18,870,171 | €19,503,300 | +€633,129 | +3.4% |
| Equity | 10/15 | €12,670,556 | €12,922,691 | +€252,134 | +2.0% |
| Contributions | 10/11 | €6,740,000 | €6,740,000 | = | 0.0% |
| Capital | 10 | €6,740,000 | €6,740,000 | = | 0.0% |
| Issued capital | 100 | €6,740,000 | €6,740,000 | = | 0.0% |
| Revaluation surpluses | 12 | €81,873 | €81,873 | = | 0.0% |
| Reserves | 13 | €5,848,683 | €6,100,817 | +€252,134 | +4.3% |
| Non-distributable reserves | 130/1 | €361,377 | €613,763 | +€252,385 | +69.8% |
| Legal reserve | 130 | €361,377 | €613,763 | +€252,385 | +69.8% |
| Tax-exempt reserves | 132 | €3,347 | €3,096 | -€251 | -7.5% |
| Distributable reserves | 133 | €5,483,959 | €5,483,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,116 | €1,032 | -€84 | -7.5% |
| Deferred taxes | 168 | €1,116 | €1,032 | -€84 | -7.5% |
| Amounts payable | 17/49 | €6,198,499 | €6,579,577 | +€381,078 | +6.1% |
| Amounts payable after more than one year | 17 | €4,710,296 | €5,400,694 | +€690,398 | +14.7% |
| Financial debts | 170/4 | €1,901,318 | €2,680,159 | +€778,841 | +41.0% |
| Other amounts payable | 178/9 | €2,808,978 | €2,720,535 | -€88,443 | -3.1% |
| Amounts payable within one year | 42/48 | €1,488,203 | €1,178,884 | -€309,320 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €617,840 | €130,831 | -€487,009 | -78.8% |
| Trade debts | 44 | €26,073 | €295,697 | +€269,625 | +1,034% |
| Suppliers | 440/4 | €26,073 | €295,697 | +€269,625 | +1,034% |
| Taxes, remuneration and social security | 45 | €55,833 | €50,554 | -€5,279 | -9.5% |
| Taxes | 450/3 | €55,833 | €50,554 | -€5,279 | -9.5% |
| Other amounts payable | 47/48 | €788,458 | €701,801 | -€86,657 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,258 | €131,649 | +€53,391 | +68.2% |
| Other operating charges | 640/8 | €6,851 | €26,657 | +€19,806 | +289% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €662,098 | €440,478 | -€221,620 | -33.5% |
| Operating profit (loss) | 9901 | €576,989 | €282,172 | -€294,817 | -51.1% |
| Financial income | 75/76B | €1,559,411 | €606,658 | -€952,753 | -61.1% |
| Recurring financial income | 75 | €1,559,411 | €606,658 | -€952,753 | -61.1% |
| Financial charges | 65/66B | €200,347 | €195,425 | -€4,922 | -2.5% |
| Recurring financial charges | 65 | €200,347 | €195,425 | -€4,922 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €1,936,053 | €693,404 | -€1.2m | -64.2% |
| Transfer from deferred taxes | 780 | €84 | €84 | = | 0.0% |
| Income taxes | 67/77 | €1,661 | €1,354 | -€308 | -18.5% |
| Profit (loss) for the period | 9904 | €1,934,475 | €692,134 | -€1.2m | -64.2% |
| Transfer from tax-exempt reserves | 789 | €251 | €251 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,934,726 | €692,385 | -€1.2m | -64.2% |
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 20 October 2026 via checked.be.