MAKI CITY 2: 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.
MAKI CITY 2
Largest movements
- Receivables within one year -€65,498
down €65,498 (-38.2%), from €171,525 to €106,027
of which Trade receivables: -€113,598
- Cash +€10,383
up €10,383 (+31.7%), from €32,718 to €43,101
mainly Receivables within one year (+€65,498) and Net result for the year (+€51,107)
- Tangible fixed assets +€8,777
up €8,777 (+26.8%), from €32,712 to €41,489
of which Other tangible fixed assets: +€10,500
- Receivables after one year +€5,110
new in 2025: €5,110
- Trade debts -€99,334
down €99,334 (-63.6%), from €156,135 to €56,801
- Profit (loss) carried forward +€51,107
up €51,107 (+93.6%), from €54,627 to €105,734
- Advances received +€20,000
new in 2025: €20,000
- Other debts -€17,708
down €17,708 (-99.9%), from €17,728 to €20
- Tax, wage and social debts +€10,982
up €10,982 (+58.0%), from €18,931 to €29,913
- Gross operating margin +€25,468
up €25,468 (+49.4%), from €51,551 to €77,019
- Taxes +€5,369
up €5,369 (+47.0%), from €11,422 to €16,791
- Depreciation +€3,432
up €3,432 (+123%), from €2,792 to €6,223
- Financial charges +€1,302
up €1,302 (+75.5%), from €1,724 to €3,025
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 | €264,421 | €222,469 | -€41,952 | -15.9% |
| Fixed assets | 21/28 | €58,321 | €67,098 | +€8,777 | +15.0% |
| Tangible fixed assets | 22/27 | €32,712 | €41,489 | +€8,777 | +26.8% |
| Plant, machinery and equipment | 23 | €1,092 | €604 | -€489 | -44.7% |
| Furniture and vehicles | 24 | €2,688 | €1,453 | -€1,235 | -45.9% |
| Other tangible fixed assets | 26 | €28,932 | €39,432 | +€10,500 | +36.3% |
| Financial fixed assets | 28 | €25,609 | €25,609 | = | 0.0% |
| Current assets | 29/58 | €206,101 | €155,372 | -€50,729 | -24.6% |
| Amounts receivable after more than one year | 29 | - | €5,110 | +€5,110 | |
| Other amounts receivable | 291 | - | €5,110 | +€5,110 | |
| Stocks and contracts in progress | 3 | €1,857 | €1,005 | -€852 | -45.9% |
| Stocks | 30/36 | €1,857 | €1,005 | -€852 | -45.9% |
| Amounts receivable within one year | 40/41 | €171,525 | €106,027 | -€65,498 | -38.2% |
| Trade receivables | 40 | €140,880 | €27,282 | -€113,598 | -80.6% |
| Other amounts receivable | 41 | €30,645 | €78,745 | +€48,100 | +157% |
| Cash at bank and in hand | 54/58 | €32,718 | €43,101 | +€10,383 | +31.7% |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €264,421 | €222,469 | -€41,952 | -15.9% |
| Equity | 10/15 | €64,627 | €115,734 | +€51,107 | +79.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,627 | €105,734 | +€51,107 | +93.6% |
| Amounts payable | 17/49 | €199,794 | €106,735 | -€93,059 | -46.6% |
| Amounts payable within one year | 42/48 | €192,794 | €106,735 | -€86,059 | -44.6% |
| Trade debts | 44 | €156,135 | €56,801 | -€99,334 | -63.6% |
| Suppliers | 440/4 | €156,135 | €56,801 | -€99,334 | -63.6% |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | €18,931 | €29,913 | +€10,982 | +58.0% |
| Taxes | 450/3 | €18,931 | €29,913 | +€10,982 | +58.0% |
| Other amounts payable | 47/48 | €17,728 | €20 | -€17,708 | -99.9% |
| Accrued charges and deferred income | 492/3 | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,792 | €6,223 | +€3,432 | +123% |
| Gross operating margin | 9900 | €51,551 | €77,019 | +€25,468 | +49.4% |
| Operating profit (loss) | 9901 | €48,759 | €70,796 | +€22,037 | +45.2% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €1,724 | €3,025 | +€1,302 | +75.5% |
| Recurring financial charges | 65 | €1,724 | €3,025 | +€1,302 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €47,035 | €67,898 | +€20,863 | +44.4% |
| Income taxes | 67/77 | €11,422 | €16,791 | +€5,369 | +47.0% |
| Profit (loss) for the period | 9904 | €35,614 | €51,107 | +€15,494 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,614 | €51,107 | +€15,494 | +43.5% |
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 1 November 2026 via checked.be.