MAAKT: 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.
MAAKT
Largest movements
- Receivables within one year -€5,040
down €5,040 (-43.4%), from €11,623 to €6,583
of which Trade receivables: -€4,974
- Tangible fixed assets -€4,284
down €4,284 (-20.8%), from €20,599 to €16,315
of which Land and buildings: -€4,485
- Deferred charges and accrued income +€2,158
new in 2025: €2,158
- Cash -€1,083
down €1,083 (-7.5%), from €14,450 to €13,367
mainly Net result for the year (-€4,247) and Debts after one year (-€3,183)
- Profit (loss) carried forward -€4,247
down €4,247 (-24.3%), from -€17,495 to -€21,743
- Debts after one year -€3,183
down €3,183 (-7.7%), from €41,589 to €38,406
of which Financial debts: -€1,673
- Tax, wage and social debts -€593
down €593 (-22.3%), from €2,662 to €2,070
of which Taxes: -€1,096
- Gross operating margin -€7,527
down €7,527 (-61.5%), from €12,230 to €4,704
- Depreciation +€566
up €566 (+9.3%), from €6,108 to €6,674
- Financial charges -€352
down €352 (-28.2%), from €1,246 to €894
- Taxes -€245
down €245 (-53.0%), from €463 to €217
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 | €46,672 | €38,422 | -€8,250 | -17.7% |
| Fixed assets | 21/28 | €20,599 | €16,315 | -€4,284 | -20.8% |
| Tangible fixed assets | 22/27 | €20,599 | €16,315 | -€4,284 | -20.8% |
| Land and buildings | 22 | €13,668 | €9,183 | -€4,485 | -32.8% |
| Plant, machinery and equipment | 23 | €3,391 | €3,045 | -€346 | -10.2% |
| Furniture and vehicles | 24 | €3,540 | €4,086 | +€547 | +15.4% |
| Current assets | 29/58 | €26,073 | €22,107 | -€3,966 | -15.2% |
| Amounts receivable within one year | 40/41 | €11,623 | €6,583 | -€5,040 | -43.4% |
| Trade receivables | 40 | €10,430 | €5,456 | -€4,974 | -47.7% |
| Other amounts receivable | 41 | €1,193 | €1,127 | -€66 | -5.6% |
| Cash at bank and in hand | 54/58 | €14,450 | €13,367 | -€1,083 | -7.5% |
| Deferred charges and accrued income | 490/1 | - | €2,158 | +€2,158 | |
| Total equity and liabilities | 10/49 | €46,672 | €38,422 | -€8,250 | -17.7% |
| Equity | 10/15 | -€3,235 | -€7,483 | -€4,247 | -131% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,495 | -€21,743 | -€4,247 | -24.3% |
| Amounts payable | 17/49 | €49,907 | €45,905 | -€4,003 | -8.0% |
| Amounts payable after more than one year | 17 | €41,589 | €38,406 | -€3,183 | -7.7% |
| Financial debts | 170/4 | €2,671 | €998 | -€1,673 | -62.6% |
| Other amounts payable | 178/9 | €38,918 | €37,408 | -€1,510 | -3.9% |
| Amounts payable within one year | 42/48 | €8,318 | €7,499 | -€819 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €1,626 | €1,673 | +€47 | +2.9% |
| Trade debts | 44 | €2,509 | €2,182 | -€327 | -13.0% |
| Suppliers | 440/4 | €2,509 | €2,182 | -€327 | -13.0% |
| Taxes, remuneration and social security | 45 | €2,662 | €2,070 | -€593 | -22.3% |
| Taxes | 450/3 | €1,784 | €688 | -€1,096 | -61.4% |
| Remuneration and social security | 454/9 | €879 | €1,382 | +€504 | +57.3% |
| Other amounts payable | 47/48 | €1,520 | €1,573 | +€53 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,108 | €6,674 | +€566 | +9.3% |
| Other operating charges | 640/8 | €1,114 | €1,175 | +€61 | +5.5% |
| Gross operating margin | 9900 | €12,230 | €4,704 | -€7,527 | -61.5% |
| Operating profit (loss) | 9901 | €5,008 | -€3,145 | -€8,154 | |
| Financial income | 75/76B | €10 | €9 | -€1 | -12.3% |
| Recurring financial income | 75 | €10 | €9 | -€1 | -12.3% |
| Financial charges | 65/66B | €1,246 | €894 | -€352 | -28.2% |
| Recurring financial charges | 65 | €1,246 | €894 | -€352 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €3,773 | -€4,030 | -€7,803 | |
| Income taxes | 67/77 | €463 | €217 | -€245 | -53.0% |
| Profit (loss) for the period | 9904 | €3,310 | -€4,247 | -€7,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,310 | -€4,247 | -€7,558 |
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 19 October 2026 via checked.be.