MAKBEN: what changed
Two fiscal 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.
MAKBEN
Largest movements
- Tangible fixed assets -€21,729
down €21,729 (-3.7%), from €580,902 to €559,173
of which Land and buildings: -€21,479
- Debts after one year -€22,636
down €22,636 (-5.3%), from €427,752 to €405,116
of which Financial debts: -€23,336
- Profit (loss) carried forward +€16,931
up €16,931 (+10.3%), from -€164,373 to -€147,442
- Other debts -€13,115
down €13,115 (-2.7%), from €493,954 to €480,839
- Gross operating margin -€6,892
down €6,892 (-11.4%), from €60,694 to €53,802
- Financial charges +€1,164
up €1,164 (+8.3%), from €13,979 to €15,143
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.
Cash bridge derived
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 | €848,403 | €829,160 | -€19,243 | -2.3% |
| Fixed assets | 21/28 | €580,902 | €559,173 | -€21,729 | -3.7% |
| Tangible fixed assets | 22/27 | €580,902 | €559,173 | -€21,729 | -3.7% |
| Land and buildings | 22 | €579,902 | €558,423 | -€21,479 | -3.7% |
| Other tangible fixed assets | 26 | €1,000 | €750 | -€250 | -25.0% |
| Current assets | 29/58 | €267,501 | €269,986 | +€2,485 | +0.9% |
| Amounts receivable within one year | 40/41 | €266,068 | €268,068 | +€2,000 | +0.8% |
| Other amounts receivable | 41 | €266,068 | €268,068 | +€2,000 | +0.8% |
| Cash at bank and in hand | 54/58 | €1,433 | €1,919 | +€485 | +33.9% |
| Total equity and liabilities | 10/49 | €848,403 | €829,160 | -€19,243 | -2.3% |
| Equity | 10/15 | -€101,873 | -€84,942 | +€16,931 | +16.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,373 | -€147,442 | +€16,931 | +10.3% |
| Amounts payable | 17/49 | €950,276 | €914,101 | -€36,174 | -3.8% |
| Amounts payable after more than one year | 17 | €427,752 | €405,116 | -€22,636 | -5.3% |
| Financial debts | 170/4 | €416,492 | €393,156 | -€23,336 | -5.6% |
| Other amounts payable | 178/9 | €11,260 | €11,960 | +€700 | +6.2% |
| Amounts payable within one year | 42/48 | €522,523 | €508,985 | -€13,538 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €23,759 | €23,336 | -€423 | -1.8% |
| Trade debts | 44 | €4,810 | €4,810 | = | 0.0% |
| Bills of exchange payable | 441 | €4,810 | €4,810 | = | 0.0% |
| Other amounts payable | 47/48 | €493,954 | €480,839 | -€13,115 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,729 | €21,729 | = | 0.0% |
| Other operating charges | 640/8 | €230 | - | -€230 | |
| Gross operating margin | 9900 | €60,694 | €53,802 | -€6,892 | -11.4% |
| Operating profit (loss) | 9901 | €38,735 | €32,074 | -€6,662 | -17.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €13,979 | €15,143 | +€1,164 | +8.3% |
| Recurring financial charges | 65 | €13,979 | €15,143 | +€1,164 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €24,758 | €16,931 | -€7,827 | -31.6% |
| Income taxes | 67/77 | €355 | - | -€355 | |
| Profit (loss) for the period | 9904 | €24,403 | €16,931 | -€7,472 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,403 | €16,931 | -€7,472 | -30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.