MAKIN'STUFF: 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.
MAKIN'STUFF
Largest movements
- Tangible fixed assets +€63,562
up €63,562 (+121.8%), from €52,205 to €115,766
of which Furniture and vehicles: +€66,628
- Cash -€10,587
down €10,587 (-12.6%), from €83,854 to €73,267
mainly Investment in fixed assets (net) (-€112,924) and Receivables within one year (-€6,510)
- Receivables within one year +€6,510
up €6,510 (+6.8%), from €95,122 to €101,632
of which Trade receivables: +€17,480
- Debts after one year +€36,271
up €36,271 (+695.9%), from €5,212 to €41,484
- Profit (loss) carried forward +€14,313
up €14,313 (+8.2%), from €173,703 to €188,016
- Tax, wage and social debts +€7,497
up €7,497 (+45.5%), from €16,483 to €23,981
- Current portion of long-term debt +€3,960
up €3,960 (+13.4%), from €29,568 to €33,528
- Gross operating margin +€33,441
up €33,441 (+70.4%), from €47,493 to €80,934
- Depreciation +€22,234
up €22,234 (+82.0%), from €27,129 to €49,363
- Taxes +€3,654
up €3,654 (+37.5%), from €9,752 to €13,406
- Other operating charges -€917
down €917 (-29.8%), from €3,078 to €2,162
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 | €235,343 | €295,034 | +€59,691 | +25.4% |
| Fixed assets | 21/28 | €52,205 | €115,766 | +€63,562 | +121.8% |
| Tangible fixed assets | 22/27 | €52,205 | €115,766 | +€63,562 | +121.8% |
| Plant, machinery and equipment | 23 | €44,555 | €41,488 | -€3,067 | -6.9% |
| Furniture and vehicles | 24 | €7,650 | €74,279 | +€66,628 | +870.9% |
| Current assets | 29/58 | €183,138 | €179,267 | -€3,871 | -2.1% |
| Amounts receivable within one year | 40/41 | €95,122 | €101,632 | +€6,510 | +6.8% |
| Trade receivables | 40 | €36,736 | €54,215 | +€17,480 | +47.6% |
| Other amounts receivable | 41 | €58,386 | €47,416 | -€10,970 | -18.8% |
| Cash at bank and in hand | 54/58 | €83,854 | €73,267 | -€10,587 | -12.6% |
| Deferred charges and accrued income | 490/1 | €4,162 | €4,369 | +€207 | +5.0% |
| Total equity and liabilities | 10/49 | €235,343 | €295,034 | +€59,691 | +25.4% |
| Equity | 10/15 | €181,725 | €196,038 | +€14,313 | +7.9% |
| Contributions | 10/11 | €7,420 | €7,420 | = | 0.0% |
| Capital | 10 | €7,420 | €7,420 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €11,130 | €11,130 | = | 0.0% |
| Reserves | 13 | €602 | €602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €602 | €602 | = | 0.0% |
| Legal reserve | 130 | €602 | €602 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,703 | €188,016 | +€14,313 | +8.2% |
| Amounts payable | 17/49 | €53,618 | €98,995 | +€45,378 | +84.6% |
| Amounts payable after more than one year | 17 | €5,212 | €41,484 | +€36,271 | +695.9% |
| Financial debts | 170/4 | €5,212 | €41,484 | +€36,271 | +695.9% |
| Amounts payable within one year | 42/48 | €48,406 | €57,512 | +€9,106 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €29,568 | €33,528 | +€3,960 | +13.4% |
| Trade debts | 44 | €1,458 | €3 | -€1,456 | -99.8% |
| Suppliers | 440/4 | €1,458 | €3 | -€1,456 | -99.8% |
| Taxes, remuneration and social security | 45 | €16,483 | €23,981 | +€7,497 | +45.5% |
| Taxes | 450/3 | €16,483 | €23,981 | +€7,497 | +45.5% |
| Other amounts payable | 47/48 | €896 | - | -€896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,129 | €49,363 | +€22,234 | +82.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,078 | €2,162 | -€917 | -29.8% |
| Gross operating margin | 9900 | €47,493 | €80,934 | +€33,441 | +70.4% |
| Operating profit (loss) | 9901 | €17,285 | €29,409 | +€12,124 | +70.1% |
| Financial charges | 65/66B | €909 | €1,690 | +€781 | +85.9% |
| Recurring financial charges | 65 | €909 | €1,690 | +€781 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | €16,377 | €27,719 | +€11,342 | +69.3% |
| Income taxes | 67/77 | €9,752 | €13,406 | +€3,654 | +37.5% |
| Profit (loss) for the period | 9904 | €6,625 | €14,313 | +€7,689 | +116.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,625 | €14,313 | +€7,689 | +116.1% |
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 6 October 2026 via checked.be.