Make Property Work: 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.
Make Property Work
Largest movements
- Receivables within one year +€13,897
up €13,897 (+851%), from €1,634 to €15,531
- Intangible fixed assets -€9,347
down €9,347 (-87.5%), from €10,683 to €1,335
- Tangible fixed assets +€6,111
up €6,111 (+148%), from €4,125 to €10,236
- Cash +€2,207
up €2,207 (+125%), from €1,766 to €3,973
mainly Trade debts (+€12,232) and Depreciation (+€11,016)
- Trade debts +€12,232
up €12,232 (+370%), from €3,308 to €15,540
- Tax, wage and social debts +€2,321
up €2,321 (+139%), from €1,672 to €3,993
- Other debts -€2,183
down €2,183 (-76.3%), from €2,862 to €679
- Profit (loss) carried forward +€499
up €499 (+0.8%), from -€64,636 to -€64,137
- Gross operating margin +€5,643
up €5,643 (+60.6%), from €9,311 to €14,954
- Financial income +€1,818
up €1,818 (+181,789%), from €1 to €1,819
of which Non-recurring financial income: +€1,819
- Depreciation -€1,574
down €1,574 (-12.5%), from €12,590 to €11,016
- Other operating charges +€761
new in 2025: €761
- Financial charges -€245
no longer reported in 2025 (was €245)
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 | €18,207 | €31,076 | +€12,869 | +70.7% |
| Fixed assets | 21/28 | €14,808 | €11,572 | -€3,236 | -21.9% |
| Intangible fixed assets | 21 | €10,683 | €1,335 | -€9,347 | -87.5% |
| Tangible fixed assets | 22/27 | €4,125 | €10,236 | +€6,111 | +148% |
| Furniture and vehicles | 24 | €4,125 | €10,236 | +€6,111 | +148% |
| Current assets | 29/58 | €3,399 | €19,504 | +€16,105 | +474% |
| Amounts receivable within one year | 40/41 | €1,634 | €15,531 | +€13,897 | +851% |
| Trade receivables | 40 | €1,634 | €15,531 | +€13,897 | +851% |
| Cash at bank and in hand | 54/58 | €1,766 | €3,973 | +€2,207 | +125% |
| Total equity and liabilities | 10/49 | €18,207 | €31,076 | +€12,869 | +70.7% |
| Equity | 10/15 | €10,364 | €10,863 | +€499 | +4.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,636 | -€64,137 | +€499 | +0.8% |
| Amounts payable | 17/49 | €7,843 | €20,213 | +€12,370 | +158% |
| Amounts payable within one year | 42/48 | €7,843 | €20,213 | +€12,370 | +158% |
| Trade debts | 44 | €3,308 | €15,540 | +€12,232 | +370% |
| Suppliers | 440/4 | €3,308 | €15,540 | +€12,232 | +370% |
| Taxes, remuneration and social security | 45 | €1,672 | €3,993 | +€2,321 | +139% |
| Taxes | 450/3 | €1,672 | €3,993 | +€2,321 | +139% |
| Other amounts payable | 47/48 | €2,862 | €679 | -€2,183 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,590 | €11,016 | -€1,574 | -12.5% |
| Other operating charges | 640/8 | - | €761 | +€761 | |
| Non-recurring operating charges | 66A | - | €4,496 | +€4,496 | |
| Gross operating margin | 9900 | €9,311 | €14,954 | +€5,643 | +60.6% |
| Operating profit (loss) | 9901 | -€3,279 | -€1,320 | +€1,959 | +59.7% |
| Financial income | 75/76B | €1 | €1,819 | +€1,818 | +181,789% |
| Recurring financial income | 75 | €1 | €1,819 | +€1,818 | +181,789% |
| Non-recurring financial income | 76B | - | €1,819 | +€1,819 | |
| Financial charges | 65/66B | €245 | - | -€245 | |
| Recurring financial charges | 65 | €245 | - | -€245 | |
| Profit (loss) for the period before taxes | 9903 | -€3,523 | €499 | +€4,022 | |
| Profit (loss) for the period | 9904 | -€3,523 | €499 | +€4,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,523 | €499 | +€4,022 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.