MAKAMECO: 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.
MAKAMECO
Largest movements
- Cash +€360,220
up €360,220 (+1,800%), from €20,010 to €380,229
mainly Net result for the year (+€225,811) and Investment in fixed assets (net) (+€177,053)
- Tangible fixed assets -€177,053
down €177,053 (-92.2%), from €192,053 to €15,000
of which Land and buildings: -€173,288
- Profit (loss) carried forward +€225,811
up €225,811 (+161%), from €140,474 to €366,285
- Debts after one year -€28,543
no longer reported in 2025 (was €28,543)
- Current portion of long-term debt -€8,100
no longer reported in 2025 (was €8,100)
- Other debts -€6,001
down €6,001 (-19.8%), from €30,332 to €24,331
- Turnover +€241,197
new in 2025: €241,197
- Gross operating margin +€213,648
up €213,648 (+1,574%), from €13,570 to €227,218
- Purchases and services +€13,979
new in 2025: €13,979
- Depreciation -€8,420
no longer reported in 2025 (was €8,420)
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 | €226,049 | €409,216 | +€183,167 | +81.0% |
| Fixed assets | 21/28 | €192,053 | €15,000 | -€177,053 | -92.2% |
| Tangible fixed assets | 22/27 | €192,053 | €15,000 | -€177,053 | -92.2% |
| Land and buildings | 22 | €188,288 | €15,000 | -€173,288 | -92.0% |
| Furniture and vehicles | 24 | €3,765 | - | -€3,765 | |
| Current assets | 29/58 | €33,996 | €394,216 | +€360,220 | +1,060% |
| Amounts receivable within one year | 40/41 | €13,987 | €13,987 | = | 0.0% |
| Other amounts receivable | 41 | €13,987 | €13,987 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,010 | €380,229 | +€360,220 | +1,800% |
| Total equity and liabilities | 10/49 | €226,049 | €409,216 | +€183,167 | +81.0% |
| Equity | 10/15 | €159,074 | €384,885 | +€225,811 | +142% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,474 | €366,285 | +€225,811 | +161% |
| Amounts payable | 17/49 | €66,975 | €24,331 | -€42,644 | -63.7% |
| Amounts payable after more than one year | 17 | €28,543 | - | -€28,543 | |
| Financial debts | 170/4 | €28,543 | - | -€28,543 | |
| Amounts payable within one year | 42/48 | €38,432 | €24,331 | -€14,101 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €8,100 | - | -€8,100 | |
| Other amounts payable | 47/48 | €30,332 | €24,331 | -€6,001 | -19.8% |
| Turnover | 70 | - | €241,197 | +€241,197 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €13,979 | +€13,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,420 | - | -€8,420 | |
| Other operating charges | 640/8 | €2,165 | €406 | -€1,760 | -81.3% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €13,570 | €227,218 | +€213,648 | +1,574% |
| Operating profit (loss) | 9901 | €2,985 | €226,811 | +€223,826 | +7,498% |
| Financial charges | 65/66B | €2,274 | €806 | -€1,468 | -64.5% |
| Recurring financial charges | 65 | €2,274 | €806 | -€1,468 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €711 | €226,005 | +€225,294 | +31,683% |
| Income taxes | 67/77 | €419 | €194 | -€225 | -53.8% |
| Profit (loss) for the period | 9904 | €292 | €225,811 | +€225,519 | +77,267% |
| Profit (loss) for the period to be appropriated | 9905 | €292 | €225,811 | +€225,519 | +77,267% |
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 31 October 2026 via checked.be.