MAKINGCHOICES.BE: 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.
MAKINGCHOICES.BE
Largest movements
- Receivables within one year -€6,448
down €6,448 (-41.2%), from €15,654 to €9,206
of which Trade receivables: -€5,372
- Tangible fixed assets -€511
no longer reported in 2025 (was €511)
of which Plant, machinery and equipment: -€360
- Cash -€204
down €204 (-9.3%), from €2,205 to €2,001
mainly Net result for the year (-€8,350) and Trade debts (-€171)
- Profit (loss) carried forward -€8,350
down €8,350 (-28.8%), from -€28,944 to -€37,294
- Other debts +€1,596
up €1,596 (+7.2%), from €22,232 to €23,828
- Gross operating margin +€6,502
up €6,502 (+48.3%), from -€13,471 to -€6,969
- Depreciation -€816
down €816 (-61.5%), from €1,328 to €511
- Financial charges -€285
down €285 (-80.2%), from €355 to €70
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 | €18,570 | €11,567 | -€7,003 | -37.7% |
| Fixed assets | 21/28 | €511 | - | -€511 | |
| Tangible fixed assets | 22/27 | €511 | - | -€511 | |
| Plant, machinery and equipment | 23 | €360 | - | -€360 | |
| Furniture and vehicles | 24 | €151 | - | -€151 | |
| Current assets | 29/58 | €18,059 | €11,567 | -€6,492 | -35.9% |
| Amounts receivable within one year | 40/41 | €15,654 | €9,206 | -€6,448 | -41.2% |
| Trade receivables | 40 | €8,481 | €3,108 | -€5,372 | -63.3% |
| Other amounts receivable | 41 | €7,173 | €6,098 | -€1,075 | -15.0% |
| Cash at bank and in hand | 54/58 | €2,205 | €2,001 | -€204 | -9.3% |
| Deferred charges and accrued income | 490/1 | €200 | €360 | +€160 | +80.2% |
| Total equity and liabilities | 10/49 | €18,570 | €11,567 | -€7,003 | -37.7% |
| Equity | 10/15 | -€5,999 | -€14,349 | -€8,350 | -139.2% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €16,743 | €16,743 | = | 0.0% |
| Distributable reserves | 133 | €16,743 | €16,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,944 | -€37,294 | -€8,350 | -28.8% |
| Amounts payable | 17/49 | €24,569 | €25,916 | +€1,347 | +5.5% |
| Amounts payable within one year | 42/48 | €24,569 | €25,916 | +€1,347 | +5.5% |
| Trade debts | 44 | €2,203 | €2,032 | -€171 | -7.8% |
| Suppliers | 440/4 | €2,203 | €2,032 | -€171 | -7.8% |
| Taxes, remuneration and social security | 45 | €134 | €57 | -€78 | -57.8% |
| Taxes | 450/3 | €134 | €57 | -€78 | -57.8% |
| Other amounts payable | 47/48 | €22,232 | €23,828 | +€1,596 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,328 | €511 | -€816 | -61.5% |
| Other operating charges | 640/8 | €731 | €603 | -€128 | -17.6% |
| Gross operating margin | 9900 | -€13,471 | -€6,969 | +€6,502 | +48.3% |
| Operating profit (loss) | 9901 | -€15,530 | -€8,083 | +€7,446 | +47.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €355 | €70 | -€285 | -80.2% |
| Recurring financial charges | 65 | €355 | €70 | -€285 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,884 | -€8,154 | +€7,730 | +48.7% |
| Income taxes | 67/77 | €189 | €196 | +€7 | +4.0% |
| Profit (loss) for the period | 9904 | -€16,073 | -€8,350 | +€7,723 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,073 | -€8,350 | +€7,723 | +48.0% |
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 12 October 2026 via checked.be.