MAKASI: 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.
MAKASI
Largest movements
- Receivables within one year +€5,459
up €5,459 (+97.8%), from €5,583 to €11,042
of which Trade receivables: +€5,459
- Tangible fixed assets +€1,818
up €1,818 (+106%), from €1,714 to €3,532
of which Furniture and vehicles: +€2,247
- Cash -€1,253
down €1,253 (-38.9%), from €3,218 to €1,965
mainly Receivables within one year (-€5,459) and Investment in fixed assets (net) (-€2,247)
- Other debts +€3,736
up €3,736 (+6.9%), from €54,456 to €58,192
- Trade debts +€1,266
up €1,266 (+51.7%), from €2,448 to €3,714
- Profit (loss) carried forward +€1,021
up €1,021 (+1.9%), from -€54,449 to -€53,427
- Gross operating margin +€11,828
up €11,828, from -€6,510 to €5,318
- Financial charges +€2,712
up €2,712 (+388%), from €699 to €3,411
- Depreciation -€637
down €637 (-59.8%), from €1,066 to €429
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 | €10,516 | €16,540 | +€6,024 | +57.3% |
| Fixed assets | 21/28 | €1,714 | €3,532 | +€1,818 | +106% |
| Tangible fixed assets | 22/27 | €1,714 | €3,532 | +€1,818 | +106% |
| Plant, machinery and equipment | 23 | €1,714 | €1,286 | -€429 | -25.0% |
| Furniture and vehicles | 24 | - | €2,247 | +€2,247 | |
| Current assets | 29/58 | €8,802 | €13,007 | +€4,206 | +47.8% |
| Amounts receivable within one year | 40/41 | €5,583 | €11,042 | +€5,459 | +97.8% |
| Trade receivables | 40 | €4,013 | €9,472 | +€5,459 | +136% |
| Other amounts receivable | 41 | €1,570 | €1,570 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,218 | €1,965 | -€1,253 | -38.9% |
| Total equity and liabilities | 10/49 | €10,516 | €16,540 | +€6,024 | +57.3% |
| Equity | 10/15 | -€46,389 | -€45,367 | +€1,021 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| 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 | -€54,449 | -€53,427 | +€1,021 | +1.9% |
| Amounts payable | 17/49 | €56,904 | €61,907 | +€5,002 | +8.8% |
| Amounts payable within one year | 42/48 | €56,904 | €61,907 | +€5,002 | +8.8% |
| Trade debts | 44 | €2,448 | €3,714 | +€1,266 | +51.7% |
| Suppliers | 440/4 | €2,448 | €3,714 | +€1,266 | +51.7% |
| Other amounts payable | 47/48 | €54,456 | €58,192 | +€3,736 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €429 | -€637 | -59.8% |
| Other operating charges | 640/8 | €472 | €457 | -€15 | -3.1% |
| Gross operating margin | 9900 | -€6,510 | €5,318 | +€11,828 | |
| Operating profit (loss) | 9901 | -€8,048 | €4,432 | +€12,480 | |
| Financial income | 75/76B | €54 | - | -€54 | |
| Recurring financial income | 75 | €54 | - | -€54 | |
| Financial charges | 65/66B | €699 | €3,411 | +€2,712 | +388% |
| Recurring financial charges | 65 | €699 | €3,411 | +€2,712 | +388% |
| Profit (loss) for the period before taxes | 9903 | -€8,693 | €1,021 | +€9,714 | |
| Profit (loss) for the period | 9904 | -€8,693 | €1,021 | +€9,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,693 | €1,021 | +€9,714 |
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 18 October 2026 via checked.be.