MAKATY: 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.
MAKATY
Largest movements
- Receivables within one year +€13,567
up €13,567 (+133%), from €10,238 to €23,805
- Tangible fixed assets -€11,254
down €11,254 (-23.9%), from €47,087 to €35,833
- Cash +€6,468
up €6,468 (+70.2%), from €9,214 to €15,682
mainly Other debts (+€51,825) and Net result for the year (+€47,244)
- Stocks and contracts -€5,124
down €5,124 (-18.7%), from €27,381 to €22,257
- Deferred charges and accrued income -€1,364
no longer reported in 2024 (was €1,364)
- Tax, wage and social debts -€98,595
down €98,595 (-64.2%), from €153,549 to €54,953
of which Remuneration and social security: -€67,977
- Other debts +€51,825
up €51,825 (+284%), from €18,231 to €70,056
- Profit (loss) carried forward +€47,244
up €47,244 (+41.8%), from -€112,948 to -€65,705
- Trade debts +€1,482
up €1,482 (+21.2%), from €6,988 to €8,470
- Short-term financial debts +€1,234
up €1,234 (+179%), from €689 to €1,923
- Staff costs -€121,026
down €121,026 (-46.0%), from €263,137 to €142,111
- Gross operating margin -€11,964
down €11,964 (-5.5%), from €218,420 to €206,456
- Financial charges -€8,702
down €8,702 (-70.1%), from €12,419 to €3,717
- Other operating charges -€6,079
down €6,079 (-74.0%), from €8,216 to €2,136
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 | €100,404 | €102,697 | +€2,293 | +2.3% |
| Fixed assets | 21/28 | €52,207 | €40,953 | -€11,254 | -21.6% |
| Tangible fixed assets | 22/27 | €47,087 | €35,833 | -€11,254 | -23.9% |
| Plant, machinery and equipment | 23 | €21,372 | €16,110 | -€5,262 | -24.6% |
| Furniture and vehicles | 24 | €3,371 | €1,650 | -€1,722 | -51.1% |
| Other tangible fixed assets | 26 | €22,344 | €18,074 | -€4,271 | -19.1% |
| Financial fixed assets | 28 | €5,120 | €5,120 | = | 0.0% |
| Current assets | 29/58 | €48,197 | €61,744 | +€13,547 | +28.1% |
| Stocks and contracts in progress | 3 | €27,381 | €22,257 | -€5,124 | -18.7% |
| Stocks | 30/36 | €27,381 | €22,257 | -€5,124 | -18.7% |
| Amounts receivable within one year | 40/41 | €10,238 | €23,805 | +€13,567 | +133% |
| Trade receivables | 40 | €10,238 | €23,805 | +€13,567 | +133% |
| Cash at bank and in hand | 54/58 | €9,214 | €15,682 | +€6,468 | +70.2% |
| Deferred charges and accrued income | 490/1 | €1,364 | - | -€1,364 | |
| Total equity and liabilities | 10/49 | €100,404 | €102,697 | +€2,293 | +2.3% |
| Equity | 10/15 | -€79,948 | -€32,705 | +€47,244 | +59.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,948 | -€65,705 | +€47,244 | +41.8% |
| Amounts payable | 17/49 | €180,353 | €135,402 | -€44,951 | -24.9% |
| Amounts payable within one year | 42/48 | €179,457 | €135,402 | -€44,055 | -24.5% |
| Financial debts | 43 | €689 | €1,923 | +€1,234 | +179% |
| Other loans | 439 | €689 | €1,923 | +€1,234 | +179% |
| Trade debts | 44 | €6,988 | €8,470 | +€1,482 | +21.2% |
| Suppliers | 440/4 | €6,988 | €8,470 | +€1,482 | +21.2% |
| Taxes, remuneration and social security | 45 | €153,549 | €54,953 | -€98,595 | -64.2% |
| Taxes | 450/3 | €49,796 | €19,178 | -€30,618 | -61.5% |
| Remuneration and social security | 454/9 | €103,752 | €35,775 | -€67,977 | -65.5% |
| Other amounts payable | 47/48 | €18,231 | €70,056 | +€51,825 | +284% |
| Accrued charges and deferred income | 492/3 | €896 | - | -€896 | |
| Non-recurring operating income | 76A | - | €11,323 | +€11,323 | |
| Remuneration, social security and pensions | 62 | €263,137 | €142,111 | -€121,026 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,949 | €11,254 | -€1,695 | -13.1% |
| Other operating charges | 640/8 | €8,216 | €2,136 | -€6,079 | -74.0% |
| Gross operating margin | 9900 | €218,420 | €206,456 | -€11,964 | -5.5% |
| Operating profit (loss) | 9901 | -€65,882 | €50,954 | +€116,836 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +4,786% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +4,786% |
| Financial charges | 65/66B | €12,419 | €3,717 | -€8,702 | -70.1% |
| Recurring financial charges | 65 | €12,419 | €3,717 | -€8,702 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,301 | €47,244 | +€125,545 | |
| Income taxes | 67/77 | €323 | - | -€323 | |
| Profit (loss) for the period | 9904 | -€78,624 | €47,244 | +€125,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,624 | €47,244 | +€125,867 |
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 16 October 2026 via checked.be.