MAKAMI: 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.
MAKAMI
Largest movements
- Cash -€53,416
down €53,416 (-26.4%), from €201,987 to €148,570
mainly Receivables within one year (-€42,189) and Contributions, distributions and other (-€33,600)
- Receivables within one year +€42,189
up €42,189 (+83.6%), from €50,491 to €92,680
of which Trade receivables: +€39,379
- Contributions -€18,600
down €18,600 (-90.9%), from €20,460 to €1,860
- Debts after one year -€8,587
down €8,587 (-14.3%), from €59,984 to €51,397
- Tax, wage and social debts +€8,130
up €8,130 (+8.2%), from €99,371 to €107,501
of which Remuneration and social security: +€22,601
- Reserves +€8,000
up €8,000 (+4.5%), from €176,000 to €184,000
- Staff costs +€64,261
up €64,261 (+19.8%), from €324,853 to €389,114
- Gross operating margin +€23,032
up €23,032 (+5.5%), from €418,847 to €441,879
- Taxes -€14,433
down €14,433 (-54.4%), from €26,517 to €12,083
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 | €401,093 | €386,399 | -€14,694 | -3.7% |
| Fixed assets | 21/28 | €140,922 | €137,181 | -€3,741 | -2.7% |
| Intangible fixed assets | 21 | €9,300 | €8,133 | -€1,167 | -12.6% |
| Tangible fixed assets | 22/27 | €131,622 | €129,048 | -€2,574 | -2.0% |
| Land and buildings | 22 | €121,800 | €116,699 | -€5,101 | -4.2% |
| Plant, machinery and equipment | 23 | €9,003 | €8,667 | -€336 | -3.7% |
| Furniture and vehicles | 24 | €819 | €3,682 | +€2,864 | +350% |
| Current assets | 29/58 | €260,171 | €249,218 | -€10,953 | -4.2% |
| Stocks and contracts in progress | 3 | €2,676 | €2,418 | -€257 | -9.6% |
| Stocks | 30/36 | €2,676 | €2,418 | -€257 | -9.6% |
| Amounts receivable within one year | 40/41 | €50,491 | €92,680 | +€42,189 | +83.6% |
| Trade receivables | 40 | €49,502 | €88,881 | +€39,379 | +79.6% |
| Other amounts receivable | 41 | €990 | €3,800 | +€2,810 | +284% |
| Cash at bank and in hand | 54/58 | €201,987 | €148,570 | -€53,416 | -26.4% |
| Deferred charges and accrued income | 490/1 | €5,018 | €5,549 | +€532 | +10.6% |
| Total equity and liabilities | 10/49 | €401,093 | €386,399 | -€14,694 | -3.7% |
| Equity | 10/15 | €207,129 | €196,537 | -€10,591 | -5.1% |
| Contributions | 10/11 | €20,460 | €1,860 | -€18,600 | -90.9% |
| Reserves | 13 | €176,000 | €184,000 | +€8,000 | +4.5% |
| Distributable reserves | 133 | €176,000 | €184,000 | +€8,000 | +4.5% |
| Profit (loss) carried forward | 14 | €10,669 | €10,677 | +€9 | +0.1% |
| Amounts payable | 17/49 | €193,964 | €189,861 | -€4,103 | -2.1% |
| Amounts payable after more than one year | 17 | €59,984 | €51,397 | -€8,587 | -14.3% |
| Financial debts | 170/4 | €59,984 | €51,397 | -€8,587 | -14.3% |
| Amounts payable within one year | 42/48 | €133,980 | €138,333 | +€4,353 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €8,409 | €8,587 | +€178 | +2.1% |
| Trade debts | 44 | €15,756 | €14,638 | -€1,118 | -7.1% |
| Suppliers | 440/4 | €15,756 | €14,638 | -€1,118 | -7.1% |
| Taxes, remuneration and social security | 45 | €99,371 | €107,501 | +€8,130 | +8.2% |
| Taxes | 450/3 | €70,680 | €56,210 | -€14,471 | -20.5% |
| Remuneration and social security | 454/9 | €28,690 | €51,291 | +€22,601 | +78.8% |
| Other amounts payable | 47/48 | €10,445 | €7,607 | -€2,838 | -27.2% |
| Accrued charges and deferred income | 492/3 | - | €131 | +€131 | |
| Remuneration, social security and pensions | 62 | €324,853 | €389,114 | +€64,261 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,416 | €11,657 | +€1,242 | +11.9% |
| Other operating charges | 640/8 | €4,245 | €4,146 | -€99 | -2.3% |
| Gross operating margin | 9900 | €418,847 | €441,879 | +€23,032 | +5.5% |
| Operating profit (loss) | 9901 | €79,333 | €36,961 | -€42,372 | -53.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.9% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.9% |
| Financial charges | 65/66B | €2,329 | €1,869 | -€460 | -19.8% |
| Recurring financial charges | 65 | €2,329 | €1,869 | -€460 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €77,010 | €35,092 | -€41,918 | -54.4% |
| Income taxes | 67/77 | €26,517 | €12,083 | -€14,433 | -54.4% |
| Profit (loss) for the period | 9904 | €50,493 | €23,009 | -€27,484 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,493 | €23,009 | -€27,484 | -54.4% |
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 26 October 2026 via checked.be.