Making Design: 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.
Making Design
Largest movements
- Cash +€62,156
up €62,156 (+116%), from €53,573 to €115,729
mainly Debts after one year (+€83,904) and Receivables within one year (+€32,383)
- Tangible fixed assets +€38,848
up €38,848 (+4.7%), from €819,493 to €858,341
of which Assets under construction and advance payments: +€60,133
- Receivables within one year -€32,383
down €32,383 (-55.3%), from €58,570 to €26,187
of which Other amounts receivable: -€23,441
- Debts after one year +€83,904
up €83,904 (+13.7%), from €611,205 to €695,109
- Reserves -€19,010
down €19,010 (-7.2%), from €263,874 to €244,864
of which Distributable reserves: -€19,010
- Tax, wage and social debts +€12,183
up €12,183 (+439%), from €2,776 to €14,959
- Current portion of long-term debt -€11,321
down €11,321 (-28.2%), from €40,183 to €28,861
- Depreciation -€43,609
down €43,609 (-63.7%), from €68,492 to €24,883
- Gross operating margin -€21,312
down €21,312 (-27.5%), from €77,372 to €56,060
- Financial charges +€16,710
up €16,710 (+341%), from €4,898 to €21,608
- Taxes +€1,890
up €1,890 (+58.2%), from €3,246 to €5,136
- Financial income -€1,370
down €1,370 (-70.1%), from €1,954 to €584
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €932,601 | €1,000,257 | +€67,656 | +7.3% |
| Fixed assets | 21/28 | €819,493 | €858,341 | +€38,848 | +4.7% |
| Tangible fixed assets | 22/27 | €819,493 | €858,341 | +€38,848 | +4.7% |
| Land and buildings | 22 | €274,750 | €274,750 | = | 0.0% |
| Furniture and vehicles | 24 | €26,513 | €14,675 | -€11,838 | -44.6% |
| Other tangible fixed assets | 26 | €95,060 | €85,613 | -€9,447 | -9.9% |
| Assets under construction and advance payments | 27 | €423,170 | €483,303 | +€60,133 | +14.2% |
| Current assets | 29/58 | €113,109 | €141,916 | +€28,807 | +25.5% |
| Amounts receivable within one year | 40/41 | €58,570 | €26,187 | -€32,383 | -55.3% |
| Trade receivables | 40 | €26,977 | €18,035 | -€8,942 | -33.1% |
| Other amounts receivable | 41 | €31,593 | €8,152 | -€23,441 | -74.2% |
| Cash at bank and in hand | 54/58 | €53,573 | €115,729 | +€62,156 | +116% |
| Deferred charges and accrued income | 490/1 | €965 | - | -€965 | |
| Total equity and liabilities | 10/49 | €932,601 | €1,000,257 | +€67,656 | +7.3% |
| Equity | 10/15 | €270,074 | €251,064 | -€19,010 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €263,874 | €244,864 | -€19,010 | -7.2% |
| Non-distributable reserves | 130/1 | €1,911 | €1,911 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,911 | €1,911 | = | 0.0% |
| Distributable reserves | 133 | €261,963 | €242,953 | -€19,010 | -7.3% |
| Amounts payable | 17/49 | €662,528 | €749,193 | +€86,665 | +13.1% |
| Amounts payable after more than one year | 17 | €611,205 | €695,109 | +€83,904 | +13.7% |
| Financial debts | 170/4 | €611,205 | €695,109 | +€83,904 | +13.7% |
| Amounts payable within one year | 42/48 | €51,323 | €54,084 | +€2,761 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €40,183 | €28,861 | -€11,321 | -28.2% |
| Trade debts | 44 | €8,364 | €10,264 | +€1,900 | +22.7% |
| Suppliers | 440/4 | €8,364 | €10,264 | +€1,900 | +22.7% |
| Taxes, remuneration and social security | 45 | €2,776 | €14,959 | +€12,183 | +439% |
| Taxes | 450/3 | €2,776 | €14,959 | +€12,183 | +439% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,492 | €24,883 | -€43,609 | -63.7% |
| Other operating charges | 640/8 | €811 | €406 | -€405 | -50.0% |
| Gross operating margin | 9900 | €77,372 | €56,060 | -€21,312 | -27.5% |
| Operating profit (loss) | 9901 | €8,070 | €30,772 | +€22,702 | +281% |
| Financial income | 75/76B | €1,954 | €584 | -€1,370 | -70.1% |
| Recurring financial income | 75 | €1,954 | €584 | -€1,370 | -70.1% |
| Financial charges | 65/66B | €4,898 | €21,608 | +€16,710 | +341% |
| Recurring financial charges | 65 | €4,898 | €21,608 | +€16,710 | +341% |
| Profit (loss) for the period before taxes | 9903 | €5,125 | €9,748 | +€4,622 | +90.2% |
| Income taxes | 67/77 | €3,246 | €5,136 | +€1,890 | +58.2% |
| Profit (loss) for the period | 9904 | €1,879 | €4,611 | +€2,732 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €1,879 | €4,611 | +€2,732 | +145% |
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 26 October 2026 via checked.be.