MAKER: 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.
MAKER
Largest movements
- Receivables within one year +€25,541
up €25,541 (+206.0%), from €12,400 to €37,941
of which Trade receivables: +€21,724
- Tangible fixed assets -€17,337
down €17,337 (-25.1%), from €69,071 to €51,734
of which Furniture and vehicles: -€16,046
- Cash +€10,726
up €10,726 (+61.9%), from €17,314 to €28,040
mainly Net result for the year (+€19,516) and Depreciation (+€18,253)
- Reserves +€19,516
up €19,516 (+59.5%), from €32,779 to €52,295
of which Distributable reserves: +€19,516
- Debts after one year -€11,412
down €11,412 (-31.6%), from €36,105 to €24,693
- Other debts +€6,672
up €6,672 (+114.5%), from €5,827 to €12,499
- Trade debts +€2,343
up €2,343 (+40.8%), from €5,743 to €8,085
- Tax, wage and social debts +€1,924
up €1,924 (+871.3%), from €221 to €2,145
- Gross operating margin +€32,588
up €32,588 (+297.8%), from €10,941 to €43,529
- Other operating charges -€1,997
down €1,997 (-74.1%), from €2,696 to €699
- Taxes +€1,302
up €1,302 (+76.3%), from €1,706 to €3,007
- Depreciation -€835
down €835 (-4.4%), from €19,088 to €18,253
- Financial charges +€438
up €438 (+27.0%), from €1,619 to €2,057
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 | €99,685 | €118,515 | +€18,830 | +18.9% |
| Fixed assets | 21/28 | €69,071 | €51,734 | -€17,337 | -25.1% |
| Tangible fixed assets | 22/27 | €69,071 | €51,734 | -€17,337 | -25.1% |
| Plant, machinery and equipment | 23 | €1,119 | €746 | -€373 | -33.3% |
| Furniture and vehicles | 24 | €59,842 | €43,796 | -€16,046 | -26.8% |
| Other tangible fixed assets | 26 | €8,109 | €7,192 | -€918 | -11.3% |
| Current assets | 29/58 | €30,615 | €66,781 | +€36,167 | +118.1% |
| Amounts receivable within one year | 40/41 | €12,400 | €37,941 | +€25,541 | +206.0% |
| Trade receivables | 40 | €12,152 | €33,876 | +€21,724 | +178.8% |
| Other amounts receivable | 41 | €248 | €4,065 | +€3,817 | +1541.7% |
| Cash at bank and in hand | 54/58 | €17,314 | €28,040 | +€10,726 | +61.9% |
| Deferred charges and accrued income | 490/1 | €900 | €800 | -€100 | -11.1% |
| Total equity and liabilities | 10/49 | €99,685 | €118,515 | +€18,830 | +18.9% |
| Equity | 10/15 | €40,657 | €58,843 | +€18,186 | +44.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,779 | €52,295 | +€19,516 | +59.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,779 | €52,295 | +€19,516 | +59.5% |
| Profit (loss) carried forward | 14 | €1,678 | €348 | -€1,330 | -79.3% |
| Amounts payable | 17/49 | €59,029 | €59,673 | +€644 | +1.1% |
| Amounts payable after more than one year | 17 | €36,105 | €24,693 | -€11,412 | -31.6% |
| Financial debts | 170/4 | €36,105 | €24,693 | -€11,412 | -31.6% |
| Amounts payable within one year | 42/48 | €22,924 | €34,180 | +€11,256 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €11,133 | €11,411 | +€278 | +2.5% |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €5,743 | €8,085 | +€2,343 | +40.8% |
| Suppliers | 440/4 | €5,743 | €8,085 | +€2,343 | +40.8% |
| Taxes, remuneration and social security | 45 | €221 | €2,145 | +€1,924 | +871.3% |
| Taxes | 450/3 | €221 | €2,145 | +€1,924 | +871.3% |
| Other amounts payable | 47/48 | €5,827 | €12,499 | +€6,672 | +114.5% |
| Accrued charges and deferred income | 492/3 | €0 | €799 | +€799 | |
| Non-recurring operating income | 76A | €34 | €0 | -€34 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,088 | €18,253 | -€835 | -4.4% |
| Other operating charges | 640/8 | €2,696 | €699 | -€1,997 | -74.1% |
| Gross operating margin | 9900 | €10,941 | €43,529 | +€32,588 | +297.8% |
| Operating profit (loss) | 9901 | -€10,843 | €24,577 | +€35,420 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +167.4% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +167.4% |
| Financial charges | 65/66B | €1,619 | €2,057 | +€438 | +27.0% |
| Recurring financial charges | 65 | €1,619 | €2,057 | +€438 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,462 | €22,523 | +€34,985 | |
| Income taxes | 67/77 | €1,706 | €3,007 | +€1,302 | +76.3% |
| Profit (loss) for the period | 9904 | -€14,167 | €19,516 | +€33,683 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,167 | €19,516 | +€33,683 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.