MAK Rénovation: what changed
MAK Rénovation
Largest movements
- Tangible fixed assets +€21,968
up €21,968 (+46.9%), from €46,834 to €68,802
of which Furniture and vehicles: +€21,968
- Cash -€1,547
down €1,547 (-34.7%), from €4,458 to €2,911
mainly Investment in fixed assets (net) (-€35,215) and Trade debts (-€6,554)
- Receivables within one year -€1,157
down €1,157 (-4.0%), from €29,222 to €28,065
of which Trade receivables: -€4,707
- Deferred charges and accrued income -€1,102
down €1,102 (-28.5%), from €3,869 to €2,767
- Debts after one year +€27,329
up €27,329 (+145%), from €18,831 to €46,160
- Trade debts -€6,554
down €6,554 (-27.3%), from €24,036 to €17,482
- Contributions -€6,500
down €6,500 (-100%), from €6,500 to €0
- Profit (loss) carried forward +€2,493
up €2,493 (+11.4%), from €21,945 to €24,438
- Current portion of long-term debt +€1,368
up €1,368 (+21.0%), from €6,518 to €7,886
- Purchases and services +€221,348
up €221,348 (+52.5%), from €421,918 to €643,266
- Turnover +€221,307
up €221,307 (+49.5%), from €447,018 to €668,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,899 | €106,062 | +€18,163 | +20.7% |
| Fixed assets | 21/28 | €47,101 | €69,069 | +€21,968 | +46.6% |
| Tangible fixed assets | 22/27 | €46,834 | €68,802 | +€21,968 | +46.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €46,834 | €68,802 | +€21,968 | +46.9% |
| Financial fixed assets | 28 | €266 | €266 | = | 0.0% |
| Current assets | 29/58 | €40,799 | €36,993 | -€3,805 | -9.3% |
| Stocks and contracts in progress | 3 | €3,250 | €3,250 | = | 0.0% |
| Stocks | 30/36 | €3,250 | €3,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,222 | €28,065 | -€1,157 | -4.0% |
| Trade receivables | 40 | €15,963 | €11,255 | -€4,707 | -29.5% |
| Other amounts receivable | 41 | €13,259 | €16,810 | +€3,551 | +26.8% |
| Cash at bank and in hand | 54/58 | €4,458 | €2,911 | -€1,547 | -34.7% |
| Deferred charges and accrued income | 490/1 | €3,869 | €2,767 | -€1,102 | -28.5% |
| Total equity and liabilities | 10/49 | €87,899 | €106,062 | +€18,163 | +20.7% |
| Equity | 10/15 | €30,305 | €26,298 | -€4,007 | -13.2% |
| Contributions | 10/11 | €6,500 | €0 | -€6,500 | -100% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,945 | €24,438 | +€2,493 | +11.4% |
| Amounts payable | 17/49 | €57,595 | €79,765 | +€22,170 | +38.5% |
| Amounts payable after more than one year | 17 | €18,831 | €46,160 | +€27,329 | +145% |
| Financial debts | 170/4 | €18,831 | €46,160 | +€27,329 | +145% |
| Amounts payable within one year | 42/48 | €38,763 | €33,604 | -€5,159 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €6,518 | €7,886 | +€1,368 | +21.0% |
| Trade debts | 44 | €24,036 | €17,482 | -€6,554 | -27.3% |
| Suppliers | 440/4 | €24,036 | €17,482 | -€6,554 | -27.3% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €8,208 | €8,236 | +€27 | +0.3% |
| Turnover | 70 | €447,018 | €668,326 | +€221,307 | +49.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €421,918 | €643,266 | +€221,348 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,851 | €13,247 | -€604 | -4.4% |
| Other operating charges | 640/8 | €5,064 | €2,253 | -€2,810 | -55.5% |
| Gross operating margin | 9900 | €25,250 | €25,059 | -€191 | -0.8% |
| Operating profit (loss) | 9901 | €6,335 | €9,559 | +€3,224 | +50.9% |
| Financial charges | 65/66B | €1,246 | €5,358 | +€4,112 | +330% |
| Recurring financial charges | 65 | €1,246 | €5,358 | +€4,112 | +330% |
| Profit (loss) for the period before taxes | 9903 | €5,089 | €4,201 | -€888 | -17.5% |
| Income taxes | 67/77 | €2,550 | €1,708 | -€842 | -33.0% |
| Profit (loss) for the period | 9904 | €2,539 | €2,493 | -€46 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,539 | €2,493 | -€46 | -1.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.