De Maekerij: 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.
De Maekerij
Largest movements
- Tangible fixed assets -€35,504
down €35,504 (-42.2%), from €84,155 to €48,651
- Current assets +€18,592
up €18,592 (+44.0%), from €42,240 to €60,832
of which Cash: +€10,387
- Intangible fixed assets -€5,510
no longer reported in 2023 (was €5,510)
- Equity -€68,883
down €68,883 (-72.2%), from €95,401 to €26,518
of which Profit (loss) carried forward: -€68,883
- Debts +€46,460
up €46,460 (+127%), from €36,505 to €82,965
of which Accrued charges and deferred income: +€60,103
- Gross operating margin +€185,250
up €185,250 (+4,076%), from €4,545 to €189,796
- Staff costs +€167,130
new in 2023: €167,130
- Turnover -€51,193
no longer reported in 2023 (was €51,193)
- Depreciation -€11,253
down €11,253 (-48.4%), from €23,268 to €12,015
- Financial charges +€2,557
new in 2023: €2,557
From the 2020 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,906 | €109,483 | -€22,423 | -17.0% |
| Fixed assets | 21/28 | €89,666 | €48,651 | -€41,015 | -45.7% |
| Intangible fixed assets | 21 | €5,510 | - | -€5,510 | |
| Tangible fixed assets | 22/27 | €84,155 | €48,651 | -€35,504 | -42.2% |
| Land and buildings | 22 | - | €9,076 | +€9,076 | |
| Plant, machinery and equipment | 23 | - | €7,918 | +€7,918 | |
| Other tangible fixed assets | 26 | - | €31,657 | +€31,657 | |
| Current assets | 29/58 | €42,240 | €60,832 | +€18,592 | +44.0% |
| Stocks and contracts in progress | 3 | €4,488 | €7,333 | +€2,845 | +63.4% |
| Stocks | 30/36 | - | €7,333 | +€7,333 | |
| Amounts receivable within one year | 40/41 | €618 | €7,855 | +€7,237 | +1,170% |
| Trade receivables | 40 | - | €7,447 | +€7,447 | |
| Other amounts receivable | 41 | - | €409 | +€409 | |
| Cash at bank and in hand | 54/58 | €35,257 | €45,644 | +€10,387 | +29.5% |
| Total equity and liabilities | 10/49 | €131,906 | €109,483 | -€22,423 | -17.0% |
| Equity | 10/15 | €95,401 | €26,518 | -€68,883 | -72.2% |
| Contributions | 10/11 | - | €200,000 | +€200,000 | |
| Capital | 10 | - | €200,000 | +€200,000 | |
| Profit (loss) carried forward | 14 | -€104,599 | -€173,482 | -€68,883 | -65.9% |
| Amounts payable | 17/49 | €36,505 | €82,965 | +€46,460 | +127% |
| Amounts payable within one year | 42/48 | €8,253 | €22,861 | +€14,608 | +177% |
| Trade debts | 44 | €5,986 | €288 | -€5,698 | -95.2% |
| Suppliers | 440/4 | - | €288 | +€288 | |
| Taxes, remuneration and social security | 45 | - | €12,833 | +€12,833 | |
| Taxes | 450/3 | - | €12,787 | +€12,787 | |
| Remuneration and social security | 454/9 | - | €46 | +€46 | |
| Accrued charges and deferred income | 492/3 | - | €60,103 | +€60,103 | |
| Turnover | 70 | €51,193 | - | -€51,193 | |
| Remuneration, social security and pensions | 62 | - | €167,130 | +€167,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,268 | €12,015 | -€11,253 | -48.4% |
| Other operating charges | 640/8 | - | €1,362 | +€1,362 | |
| Non-recurring operating charges | 66A | - | €933 | +€933 | |
| Gross operating margin | 9900 | €4,545 | €189,796 | +€185,250 | +4,076% |
| Operating profit (loss) | 9901 | -€41,195 | €8,355 | +€49,551 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | €12 | €2 | -€10 | -86.5% |
| Financial charges | 65/66B | - | €2,557 | +€2,557 | |
| Recurring financial charges | 65 | €51 | €2,557 | +€2,506 | +4,941% |
| Profit (loss) for the period before taxes | 9903 | -€41,234 | €5,800 | +€47,034 | |
| Profit (loss) for the period | 9904 | -€41,234 | €5,800 | +€47,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,234 | €5,800 | +€47,034 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.