MAKBI: 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.
MAKBI
Largest movements
- Cash +€11,477
up €11,477, from €0 to €11,477
mainly Net result for the year (+€8,681) and Receivables within one year (+€8,608)
- Receivables within one year -€8,608
down €8,608 (-6.9%), from €124,826 to €116,218
of which Other amounts receivable: -€10,319
- Deferred charges and accrued income +€1,786
up €1,786, from €0 to €1,786
- Tangible fixed assets -€1,739
down €1,739 (-43.2%), from €4,021 to €2,283
of which Furniture and vehicles: -€1,739
- Reserves +€8,681
up €8,681 (+10.3%), from €84,046 to €92,727
- Tax, wage and social debts -€6,473
down €6,473 (-26.9%), from €24,103 to €17,631
- Gross operating margin -€36,476
down €36,476 (-68.8%), from €52,979 to €16,504
- Taxes -€8,018
down €8,018 (-66.0%), from €12,154 to €4,135
- Financial charges +€2,628
up €2,628 (+428.7%), from €613 to €3,241
- Depreciation -€632
down €632 (-26.7%), from €2,371 to €1,739
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.
Cash bridge derived
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 | €128,848 | €131,764 | +€2,916 | +2.3% |
| Fixed assets | 21/28 | €4,021 | €2,283 | -€1,739 | -43.2% |
| Tangible fixed assets | 22/27 | €4,021 | €2,283 | -€1,739 | -43.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,021 | €2,283 | -€1,739 | -43.2% |
| Current assets | 29/58 | €124,826 | €129,481 | +€4,655 | +3.7% |
| Amounts receivable within one year | 40/41 | €124,826 | €116,218 | -€8,608 | -6.9% |
| Trade receivables | 40 | - | €1,711 | +€1,711 | |
| Other amounts receivable | 41 | €124,826 | €114,507 | -€10,319 | -8.3% |
| Cash at bank and in hand | 54/58 | €0 | €11,477 | +€11,477 | |
| Deferred charges and accrued income | 490/1 | €0 | €1,786 | +€1,786 | |
| Total equity and liabilities | 10/49 | €128,848 | €131,764 | +€2,916 | +2.3% |
| Equity | 10/15 | €102,646 | €111,327 | +€8,681 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,046 | €92,727 | +€8,681 | +10.3% |
| Distributable reserves | 133 | €84,046 | €92,727 | +€8,681 | +10.3% |
| Amounts payable | 17/49 | €26,202 | €20,437 | -€5,765 | -22.0% |
| Amounts payable within one year | 42/48 | €26,202 | €20,437 | -€5,765 | -22.0% |
| Financial debts | 43 | €49 | €999 | +€951 | +1958.8% |
| Credit institutions | 430/8 | €49 | €999 | +€951 | +1958.8% |
| Trade debts | 44 | €2,050 | €1,807 | -€243 | -11.9% |
| Suppliers | 440/4 | €2,050 | €1,807 | -€243 | -11.9% |
| Taxes, remuneration and social security | 45 | €24,103 | €17,631 | -€6,473 | -26.9% |
| Taxes | 450/3 | €24,103 | €17,631 | -€6,473 | -26.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €1,739 | -€632 | -26.7% |
| Other operating charges | 640/8 | €1,392 | €1,393 | +€1 | +0.1% |
| Gross operating margin | 9900 | €52,979 | €16,504 | -€36,476 | -68.8% |
| Operating profit (loss) | 9901 | €49,217 | €13,372 | -€35,844 | -72.8% |
| Financial income | 75/76B | €3,172 | €2,686 | -€487 | -15.3% |
| Recurring financial income | 75 | €3,172 | €2,686 | -€487 | -15.3% |
| Financial charges | 65/66B | €613 | €3,241 | +€2,628 | +428.7% |
| Recurring financial charges | 65 | €613 | €3,241 | +€2,628 | +428.7% |
| Profit (loss) for the period before taxes | 9903 | €51,776 | €12,817 | -€38,959 | -75.2% |
| Income taxes | 67/77 | €12,154 | €4,135 | -€8,018 | -66.0% |
| Profit (loss) for the period | 9904 | €39,622 | €8,681 | -€30,941 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,622 | €8,681 | -€30,941 | -78.1% |
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 11 October 2026 via checked.be.