MAKAN GROUP: 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.
MAKAN GROUP
Largest movements
- Tangible fixed assets +€6,942
new in 2025: €6,942
- Cash +€5,815
up €5,815 (+19,383,433%), from €0 to €5,815
mainly Net result for the year (+€7,357) and Other debts (+€2,768)
- Receivables within one year -€904
down €904 (-30.8%), from €2,933 to €2,029
of which Trade receivables: -€485
- Formation expenses -€218
down €218 (-25.0%), from €871 to €653
- Profit (loss) carried forward +€7,357
up €7,357 (+2,421%), from €304 to €7,661
- Other debts +€2,768
new in 2025: €2,768
- Trade debts +€1,511
up €1,511 (+75.5%), from €2,000 to €3,511
- Gross operating margin +€8,926
up €8,926 (+1,711%), from €522 to €9,448
- Depreciation +€1,736
up €1,736 (+797%), from €218 to €1,953
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 | €3,804 | €15,439 | +€11,635 | +306% |
| Formation expenses | 20 | €871 | €653 | -€218 | -25.0% |
| Fixed assets | 21/28 | - | €6,942 | +€6,942 | |
| Tangible fixed assets | 22/27 | - | €6,942 | +€6,942 | |
| Furniture and vehicles | 24 | - | €6,942 | +€6,942 | |
| Current assets | 29/58 | €2,933 | €7,844 | +€4,911 | +167% |
| Amounts receivable within one year | 40/41 | €2,933 | €2,029 | -€904 | -30.8% |
| Trade receivables | 40 | €1,500 | €1,015 | -€485 | -32.3% |
| Other amounts receivable | 41 | €1,433 | €1,014 | -€419 | -29.2% |
| Cash at bank and in hand | 54/58 | €0 | €5,815 | +€5,815 | +19,383,433% |
| Total equity and liabilities | 10/49 | €3,804 | €15,439 | +€11,635 | +306% |
| Equity | 10/15 | €1,804 | €9,161 | +€7,357 | +408% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304 | €7,661 | +€7,357 | +2,421% |
| Amounts payable | 17/49 | €2,000 | €6,279 | +€4,278 | +214% |
| Amounts payable within one year | 42/48 | €2,000 | €6,279 | +€4,278 | +214% |
| Trade debts | 44 | €2,000 | €3,511 | +€1,511 | +75.5% |
| Suppliers | 440/4 | €2,000 | €3,511 | +€1,511 | +75.5% |
| Other amounts payable | 47/48 | - | €2,768 | +€2,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €1,953 | +€1,736 | +797% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €522 | €9,448 | +€8,926 | +1,711% |
| Operating profit (loss) | 9901 | €304 | €7,437 | +€7,133 | +2,347% |
| Financial charges | 65/66B | - | €80 | +€80 | |
| Recurring financial charges | 65 | - | €80 | +€80 | |
| Profit (loss) for the period before taxes | 9903 | €304 | €7,357 | +€7,053 | +2,321% |
| Profit (loss) for the period | 9904 | €304 | €7,357 | +€7,053 | +2,321% |
| Profit (loss) for the period to be appropriated | 9905 | €304 | €7,357 | +€7,053 | +2,321% |
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 15 October 2026 via checked.be.