MAK ENTERPRISES: 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.
MAK ENTERPRISES
Largest movements
- Tangible fixed assets +€12,495
up €12,495 (+180%), from €6,924 to €19,419
of which Furniture and vehicles: +€13,609
- Cash +€11,313
up €11,313 (+13.3%), from €84,751 to €96,064
mainly Net result for the year (+€17,319) and Depreciation (+€6,043)
- Receivables within one year -€3,463
down €3,463 (-12.6%), from €27,543 to €24,080
of which Trade receivables: -€4,638
- Reserves +€17,319
up €17,319 (+25.8%), from €67,111 to €84,430
- Tax, wage and social debts +€2,712
up €2,712 (+33.0%), from €8,226 to €10,938
of which Remuneration and social security: +€1,873
- Gross operating margin +€24,858
up €24,858 (+281%), from €8,858 to €33,716
- Taxes +€6,774
up €6,774 (+234%), from €2,898 to €9,672
- Depreciation +€939
up €939 (+18.4%), from €5,104 to €6,043
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,472 | €142,660 | +€20,188 | +16.5% |
| Fixed assets | 21/28 | €7,024 | €19,519 | +€12,495 | +178% |
| Tangible fixed assets | 22/27 | €6,924 | €19,419 | +€12,495 | +180% |
| Furniture and vehicles | 24 | €3,645 | €17,254 | +€13,609 | +373% |
| Other tangible fixed assets | 26 | €3,279 | €2,165 | -€1,114 | -34.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €115,448 | €123,141 | +€7,693 | +6.7% |
| Amounts receivable within one year | 40/41 | €27,543 | €24,080 | -€3,463 | -12.6% |
| Trade receivables | 40 | €27,543 | €22,905 | -€4,638 | -16.8% |
| Other amounts receivable | 41 | - | €1,175 | +€1,175 | |
| Cash at bank and in hand | 54/58 | €84,751 | €96,064 | +€11,313 | +13.3% |
| Deferred charges and accrued income | 490/1 | €3,154 | €2,997 | -€157 | -5.0% |
| Total equity and liabilities | 10/49 | €122,472 | €142,660 | +€20,188 | +16.5% |
| Equity | 10/15 | €109,277 | €126,596 | +€17,319 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,111 | €84,430 | +€17,319 | +25.8% |
| Distributable reserves | 133 | €67,111 | €84,430 | +€17,319 | +25.8% |
| Profit (loss) carried forward | 14 | €29,766 | €29,766 | = | 0.0% |
| Amounts payable | 17/49 | €13,195 | €16,064 | +€2,869 | +21.7% |
| Amounts payable within one year | 42/48 | €13,195 | €16,064 | +€2,869 | +21.7% |
| Financial debts | 43 | €1,266 | €1,268 | +€2 | +0.2% |
| Credit institutions | 430/8 | €1,266 | €1,268 | +€2 | +0.2% |
| Trade debts | 44 | €1,253 | €67 | -€1,186 | -94.7% |
| Suppliers | 440/4 | €1,253 | €67 | -€1,186 | -94.7% |
| Taxes, remuneration and social security | 45 | €8,226 | €10,938 | +€2,712 | +33.0% |
| Taxes | 450/3 | €6,092 | €6,931 | +€839 | +13.8% |
| Remuneration and social security | 454/9 | €2,134 | €4,007 | +€1,873 | +87.8% |
| Other amounts payable | 47/48 | €2,450 | €3,791 | +€1,341 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,104 | €6,043 | +€939 | +18.4% |
| Other operating charges | 640/8 | €486 | €511 | +€25 | +5.1% |
| Gross operating margin | 9900 | €8,858 | €33,716 | +€24,858 | +281% |
| Operating profit (loss) | 9901 | €3,268 | €27,162 | +€23,894 | +731% |
| Financial income | 75/76B | €243 | €203 | -€40 | -16.5% |
| Recurring financial income | 75 | €243 | €203 | -€40 | -16.5% |
| Financial charges | 65/66B | €258 | €374 | +€116 | +45.0% |
| Recurring financial charges | 65 | €258 | €374 | +€116 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €3,253 | €26,991 | +€23,738 | +730% |
| Income taxes | 67/77 | €2,898 | €9,672 | +€6,774 | +234% |
| Profit (loss) for the period | 9904 | €355 | €17,319 | +€16,964 | +4,779% |
| Profit (loss) for the period to be appropriated | 9905 | €355 | €17,319 | +€16,964 | +4,779% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.