MAKETTT: 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.
MAKETTT
Largest movements
- Tangible fixed assets +€28,412
up €28,412 (+214%), from €13,276 to €41,687
of which Furniture and vehicles: +€24,869
- Cash -€10,730
down €10,730 (-10.4%), from €102,691 to €91,961
mainly Investment in fixed assets (net) (-€37,866) and Contributions, distributions and other (-€33,000)
- Receivables within one year +€9,958
up €9,958 (+21.5%), from €46,228 to €56,185
of which Trade receivables: +€12,165
- Other debts +€32,692
up €32,692 (+2,373%), from €1,378 to €34,070
- Tax, wage and social debts -€12,181
down €12,181 (-41.0%), from €29,723 to €17,543
of which Remuneration and social security: -€13,300
- Reserves +€9,000
up €9,000 (+9.3%), from €96,860 to €105,860
of which Distributable reserves: +€9,000
- Staff costs -€39,732
down €39,732 (-49.2%), from €80,709 to €40,977
- Gross operating margin -€8,320
down €8,320 (-6.9%), from €120,428 to €112,108
- Taxes +€7,425
up €7,425 (+71.3%), from €10,419 to €17,844
- Depreciation +€6,185
up €6,185 (+189%), from €3,269 to €9,454
- Other operating charges +€1,329
up €1,329 (+310%), from €428 to €1,757
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.
Derived cash bridge
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 | €162,669 | €191,827 | +€29,158 | +17.9% |
| Fixed assets | 21/28 | €13,276 | €41,687 | +€28,412 | +214% |
| Tangible fixed assets | 22/27 | €13,276 | €41,687 | +€28,412 | +214% |
| Plant, machinery and equipment | 23 | €3,864 | €6,587 | +€2,723 | +70.5% |
| Furniture and vehicles | 24 | €2,748 | €27,617 | +€24,869 | +905% |
| Other tangible fixed assets | 26 | €6,664 | €7,483 | +€820 | +12.3% |
| Current assets | 29/58 | €149,393 | €150,139 | +€746 | +0.5% |
| Amounts receivable within one year | 40/41 | €46,228 | €56,185 | +€9,958 | +21.5% |
| Trade receivables | 40 | €43,494 | €55,659 | +€12,165 | +28.0% |
| Other amounts receivable | 41 | €2,734 | €526 | -€2,208 | -80.8% |
| Cash at bank and in hand | 54/58 | €102,691 | €91,961 | -€10,730 | -10.4% |
| Deferred charges and accrued income | 490/1 | €475 | €1,994 | +€1,519 | +320% |
| Total equity and liabilities | 10/49 | €162,669 | €191,827 | +€29,158 | +17.9% |
| Equity | 10/15 | €131,059 | €140,214 | +€9,154 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,860 | €105,860 | +€9,000 | +9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €104,000 | +€9,000 | +9.5% |
| Profit (loss) carried forward | 14 | €15,599 | €15,754 | +€154 | +1.0% |
| Amounts payable | 17/49 | €31,609 | €51,613 | +€20,004 | +63.3% |
| Amounts payable within one year | 42/48 | €31,609 | €51,613 | +€20,004 | +63.3% |
| Advances received on contracts in progress | 46 | €508 | - | -€508 | |
| Taxes, remuneration and social security | 45 | €29,723 | €17,543 | -€12,181 | -41.0% |
| Taxes | 450/3 | €15,870 | €16,990 | +€1,120 | +7.1% |
| Remuneration and social security | 454/9 | €13,854 | €553 | -€13,300 | -96.0% |
| Other amounts payable | 47/48 | €1,378 | €34,070 | +€32,692 | +2,373% |
| Remuneration, social security and pensions | 62 | €80,709 | €40,977 | -€39,732 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,269 | €9,454 | +€6,185 | +189% |
| Other operating charges | 640/8 | €428 | €1,757 | +€1,329 | +310% |
| Gross operating margin | 9900 | €120,428 | €112,108 | -€8,320 | -6.9% |
| Operating profit (loss) | 9901 | €36,021 | €59,920 | +€23,899 | +66.3% |
| Financial income | 75/76B | €497 | €193 | -€304 | -61.1% |
| Recurring financial income | 75 | €497 | €193 | -€304 | -61.1% |
| Financial charges | 65/66B | €204 | €115 | -€90 | -43.9% |
| Recurring financial charges | 65 | €204 | €115 | -€90 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €36,314 | €59,998 | +€23,685 | +65.2% |
| Income taxes | 67/77 | €10,419 | €17,844 | +€7,425 | +71.3% |
| Profit (loss) for the period | 9904 | €25,895 | €42,154 | +€16,260 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,895 | €42,154 | +€16,260 | +62.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.