MAKDIS: 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.
MAKDIS
Largest movements
- Receivables within one year +€1,763
up €1,763 (+11.0%), from €16,038 to €17,800
- Stocks and contracts +€1,335
up €1,335 (+34.5%), from €3,865 to €5,200
- Cash -€960
down €960 (-14.7%), from €6,511 to €5,551
mainly Receivables within one year (-€1,763) and Stocks and contracts (-€1,335)
- Profit (loss) carried forward +€2,152
up €2,152 (+12.7%), from €16,936 to €19,087
- Gross operating margin -€2,207
down €2,207 (-43.6%), from €5,066 to €2,859
- Other operating charges +€550
up €550 (+142.1%), from €387 to €938
- Taxes -€501
down €501 (-46.2%), from €1,085 to €584
- Staff costs -€76
down €76 (-78.8%), from €96 to €20
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 | €26,440 | €28,551 | +€2,111 | +8.0% |
| Current assets | 29/58 | €26,440 | €28,551 | +€2,111 | +8.0% |
| Stocks and contracts in progress | 3 | €3,865 | €5,200 | +€1,335 | +34.5% |
| Stocks | 30/36 | €3,865 | €5,200 | +€1,335 | +34.5% |
| Amounts receivable within one year | 40/41 | €16,038 | €17,800 | +€1,763 | +11.0% |
| Other amounts receivable | 41 | €16,038 | €17,800 | +€1,763 | +11.0% |
| Cash at bank and in hand | 54/58 | €6,511 | €5,551 | -€960 | -14.7% |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €26,440 | €28,551 | +€2,111 | +8.0% |
| Equity | 10/15 | €22,936 | €25,087 | +€2,152 | +9.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,936 | €19,087 | +€2,152 | +12.7% |
| Amounts payable | 17/49 | €3,504 | €3,464 | -€40 | -1.1% |
| Amounts payable within one year | 42/48 | €3,504 | €3,464 | -€40 | -1.1% |
| Trade debts | 44 | €327 | €466 | +€139 | +42.6% |
| Suppliers | 440/4 | €327 | €466 | +€139 | +42.6% |
| Taxes, remuneration and social security | 45 | €3,177 | €2,997 | -€180 | -5.7% |
| Taxes | 450/3 | €3,177 | €2,997 | -€180 | -5.7% |
| Remuneration, social security and pensions | 62 | €96 | €20 | -€76 | -78.8% |
| Other operating charges | 640/8 | €387 | €938 | +€550 | +142.1% |
| Gross operating margin | 9900 | €5,066 | €2,859 | -€2,207 | -43.6% |
| Operating profit (loss) | 9901 | €4,583 | €1,901 | -€2,682 | -58.5% |
| Financial income | 75/76B | €901 | €943 | +€41 | +4.6% |
| Recurring financial income | 75 | €901 | €943 | +€41 | +4.6% |
| Financial charges | 65/66B | €59 | €108 | +€49 | +84.3% |
| Recurring financial charges | 65 | €59 | €108 | +€49 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €5,426 | €2,736 | -€2,690 | -49.6% |
| Income taxes | 67/77 | €1,085 | €584 | -€501 | -46.2% |
| Profit (loss) for the period | 9904 | €4,340 | €2,152 | -€2,189 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,340 | €2,152 | -€2,189 | -50.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.