EL MAK IT: 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.
EL MAK IT
Largest movements
- Cash +€38,346
up €38,346 (+39.0%), from €98,221 to €136,567
mainly Net result for the year (+€67,810) and Other debts (+€31,176)
- Deferred charges and accrued income +€16,170
up €16,170 (+867%), from €1,865 to €18,034
- Tangible fixed assets -€1,877
down €1,877 (-42.9%), from €4,375 to €2,499
of which Furniture and vehicles: -€1,423
- Other debts +€31,176
up €31,176 (+312%), from €10,000 to €41,176
- Reserves +€26,633
up €26,633 (+29.4%), from €90,453 to €117,087
- Trade debts -€2,002
down €2,002 (-77.1%), from €2,595 to €593
- Gross operating margin +€13,451
up €13,451 (+16.6%), from €81,263 to €94,714
- Taxes +€3,549
up €3,549 (+17.1%), from €20,772 to €24,321
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 | €115,895 | €170,059 | +€54,164 | +46.7% |
| Fixed assets | 21/28 | €4,375 | €2,499 | -€1,877 | -42.9% |
| Tangible fixed assets | 22/27 | €4,375 | €2,499 | -€1,877 | -42.9% |
| Plant, machinery and equipment | 23 | €2,269 | €1,815 | -€454 | -20.0% |
| Furniture and vehicles | 24 | €2,106 | €684 | -€1,423 | -67.5% |
| Current assets | 29/58 | €111,520 | €167,560 | +€56,040 | +50.3% |
| Amounts receivable within one year | 40/41 | €11,435 | €12,959 | +€1,525 | +13.3% |
| Trade receivables | 40 | €11,435 | €12,959 | +€1,525 | +13.3% |
| Cash at bank and in hand | 54/58 | €98,221 | €136,567 | +€38,346 | +39.0% |
| Deferred charges and accrued income | 490/1 | €1,865 | €18,034 | +€16,170 | +867% |
| Total equity and liabilities | 10/49 | €115,895 | €170,059 | +€54,164 | +46.7% |
| Equity | 10/15 | €93,453 | €120,087 | +€26,633 | +28.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,453 | €117,087 | +€26,633 | +29.4% |
| Distributable reserves | 133 | €90,453 | €117,087 | +€26,633 | +29.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,442 | €49,972 | +€27,530 | +123% |
| Amounts payable within one year | 42/48 | €22,442 | €49,972 | +€27,530 | +123% |
| Trade debts | 44 | €2,595 | €593 | -€2,002 | -77.1% |
| Suppliers | 440/4 | €2,595 | €593 | -€2,002 | -77.1% |
| Taxes, remuneration and social security | 45 | €9,847 | €8,202 | -€1,644 | -16.7% |
| Taxes | 450/3 | €9,847 | €8,202 | -€1,644 | -16.7% |
| Other amounts payable | 47/48 | €10,000 | €41,176 | +€31,176 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,604 | €2,049 | +€445 | +27.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,263 | €94,714 | +€13,451 | +16.6% |
| Operating profit (loss) | 9901 | €79,272 | €92,265 | +€12,993 | +16.4% |
| Financial charges | 65/66B | €70 | €134 | +€65 | +93.2% |
| Recurring financial charges | 65 | €70 | €134 | +€65 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €79,202 | €92,131 | +€12,928 | +16.3% |
| Income taxes | 67/77 | €20,772 | €24,321 | +€3,549 | +17.1% |
| Profit (loss) for the period | 9904 | €58,430 | €67,810 | +€9,380 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,430 | €67,810 | +€9,380 | +16.1% |
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 28 October 2026 via checked.be.