MAKIN' SURE: 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' SURE
Largest movements
- Receivables within one year -€39,914
down €39,914 (-16.6%), from €240,748 to €200,834
of which Other amounts receivable: -€34,197
- Deferred charges and accrued income +€10,000
new in 2025: €10,000
- Cash +€3,899
new in 2025: €3,899
mainly Receivables within one year (+€39,914) and Tax, wage and social debts (+€3,678)
- Reserves +€202,109
up €202,109 (+5449.2%), from €3,709 to €205,818
of which Distributable reserves: +€202,109
- Profit (loss) carried forward -€198,830
no longer reported in 2025 (was €198,830)
- Other debts -€19,739
down €19,739 (-52.4%), from €37,683 to €17,944
- Trade debts -€6,032
down €6,032 (-94.2%), from €6,403 to €371
- Current portion of long-term debt -€4,181
no longer reported in 2025 (was €4,181)
- Other operating charges -€6,891
down €6,891 (-98.3%), from €7,011 to €120
- Gross operating margin -€6,235
down €6,235 (-41.2%), from €15,145 to €8,910
- Financial charges -€505
down €505 (-11.1%), from €4,567 to €4,061
- Taxes -€314
down €314 (-17.8%), from €1,764 to €1,450
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 | €315,848 | €289,833 | -€26,015 | -8.2% |
| Fixed assets | 21/28 | €75,100 | €75,100 | = | 0.0% |
| Financial fixed assets | 28 | €75,100 | €75,100 | = | 0.0% |
| Current assets | 29/58 | €240,748 | €214,733 | -€26,015 | -10.8% |
| Amounts receivable within one year | 40/41 | €240,748 | €200,834 | -€39,914 | -16.6% |
| Trade receivables | 40 | €115,484 | €109,767 | -€5,717 | -5.0% |
| Other amounts receivable | 41 | €125,263 | €91,067 | -€34,197 | -27.3% |
| Cash at bank and in hand | 54/58 | - | €3,899 | +€3,899 | |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €315,848 | €289,833 | -€26,015 | -8.2% |
| Equity | 10/15 | €222,539 | €225,818 | +€3,279 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,709 | €205,818 | +€202,109 | +5449.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9 | €9 | = | 0.0% |
| Distributable reserves | 133 | €1,700 | €203,809 | +€202,109 | +11888.8% |
| Profit (loss) carried forward | 14 | €198,830 | - | -€198,830 | |
| Amounts payable | 17/49 | €93,309 | €64,015 | -€29,294 | -31.4% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,309 | €29,015 | -€29,294 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €4,181 | - | -€4,181 | |
| Financial debts | 43 | €3,020 | - | -€3,020 | |
| Credit institutions | 430/8 | €3,020 | - | -€3,020 | |
| Trade debts | 44 | €6,403 | €371 | -€6,032 | -94.2% |
| Suppliers | 440/4 | €6,403 | €371 | -€6,032 | -94.2% |
| Taxes, remuneration and social security | 45 | €7,022 | €10,700 | +€3,678 | +52.4% |
| Taxes | 450/3 | €7,022 | €10,700 | +€3,678 | +52.4% |
| Other amounts payable | 47/48 | €37,683 | €17,944 | -€19,739 | -52.4% |
| Other operating charges | 640/8 | €7,011 | €120 | -€6,891 | -98.3% |
| Gross operating margin | 9900 | €15,145 | €8,910 | -€6,235 | -41.2% |
| Operating profit (loss) | 9901 | €8,134 | €8,790 | +€656 | +8.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,567 | €4,061 | -€505 | -11.1% |
| Recurring financial charges | 65 | €4,567 | €4,061 | -€505 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €3,567 | €4,730 | +€1,163 | +32.6% |
| Income taxes | 67/77 | €1,764 | €1,450 | -€314 | -17.8% |
| Profit (loss) for the period | 9904 | €1,802 | €3,279 | +€1,477 | +81.9% |
| Transfer to tax-exempt reserves | 689 | €9 | - | -€9 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,793 | €3,279 | +€1,486 | +82.9% |
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 7 October 2026 via checked.be.