MAKAH: what changed
Two fiscal 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.
MAKAH
Largest movements
- Cash -€147,742
down €147,742 (-67.0%), from €220,562 to €72,820
mainly Trade debts (-€205,282) and Stocks and contracts (-€78,340)
- Receivables within one year -€95,405
down €95,405 (-36.8%), from €258,996 to €163,591
of which Trade receivables: -€90,687
- Stocks and contracts +€78,340
up €78,340 (+38.0%), from €206,069 to €284,409
- Trade debts -€205,282
down €205,282 (-44.7%), from €459,180 to €253,899
- Profit (loss) carried forward +€28,025
up €28,025 (+21.0%), from €133,436 to €161,460
- Tax, wage and social debts +€16,352
up €16,352 (+24.3%), from €67,419 to €83,771
of which Taxes: +€8,190
- Turnover -€70,968
down €70,968 (-4.6%), from €1.6m to €1.5m
- Purchases and services -€67,811
down €67,811 (-4.9%), from €1.4m to €1.3m
- Staff costs +€24,519
up €24,519 (+23.0%), from €106,726 to €131,245
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.
Cash bridge derived
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 | €685,627 | €524,721 | -€160,906 | -23.5% |
| Current assets | 29/58 | €685,627 | €524,721 | -€160,906 | -23.5% |
| Stocks and contracts in progress | 3 | €206,069 | €284,409 | +€78,340 | +38.0% |
| Stocks | 30/36 | €206,069 | €284,409 | +€78,340 | +38.0% |
| Amounts receivable within one year | 40/41 | €258,996 | €163,591 | -€95,405 | -36.8% |
| Trade receivables | 40 | €252,127 | €161,441 | -€90,687 | -36.0% |
| Other amounts receivable | 41 | €6,869 | €2,151 | -€4,718 | -68.7% |
| Current investments | 50/53 | - | €3,901 | +€3,901 | |
| Cash at bank and in hand | 54/58 | €220,562 | €72,820 | -€147,742 | -67.0% |
| Total equity and liabilities | 10/49 | €685,627 | €524,721 | -€160,906 | -23.5% |
| Equity | 10/15 | €157,436 | €185,460 | +€28,025 | +17.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Outside capital | 11 | €24,000 | €24,000 | = | 0.0% |
| Share premium | 1100/10 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,436 | €161,460 | +€28,025 | +21.0% |
| Amounts payable | 17/49 | €528,191 | €339,261 | -€188,930 | -35.8% |
| Amounts payable within one year | 42/48 | €528,191 | €339,261 | -€188,930 | -35.8% |
| Trade debts | 44 | €459,180 | €253,899 | -€205,282 | -44.7% |
| Suppliers | 440/4 | €459,180 | €253,899 | -€205,282 | -44.7% |
| Taxes, remuneration and social security | 45 | €67,419 | €83,771 | +€16,352 | +24.3% |
| Taxes | 450/3 | €10,494 | €18,684 | +€8,190 | +78.0% |
| Remuneration and social security | 454/9 | €56,925 | €65,087 | +€8,162 | +14.3% |
| Other amounts payable | 47/48 | €1,591 | €1,591 | = | 0.0% |
| Turnover | 70 | €1,557,213 | €1,486,245 | -€70,968 | -4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,380,794 | €1,312,983 | -€67,811 | -4.9% |
| Remuneration, social security and pensions | 62 | €106,726 | €131,245 | +€24,519 | +23.0% |
| Other operating charges | 640/8 | €1,424 | €1,061 | -€362 | -25.4% |
| Gross operating margin | 9900 | €176,419 | €173,262 | -€3,157 | -1.8% |
| Operating profit (loss) | 9901 | €68,269 | €40,955 | -€27,314 | -40.0% |
| Financial income | 75/76B | €49 | - | -€49 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Financial charges | 65/66B | €3,701 | €6,444 | +€2,743 | +74.1% |
| Recurring financial charges | 65 | €3,659 | €6,444 | +€2,785 | +76.1% |
| Non-recurring financial charges | 66B | €42 | - | -€42 | |
| Profit (loss) for the period before taxes | 9903 | €64,617 | €34,511 | -€30,105 | -46.6% |
| Income taxes | 67/77 | €1,832 | €6,487 | +€4,655 | +254.0% |
| Profit (loss) for the period | 9904 | €62,784 | €28,025 | -€34,760 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,784 | €28,025 | -€34,760 | -55.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.