MAKI CONSULTING: 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 CONSULTING
Largest movements
- Stocks and contracts +€668,273
up €668,273 (+108%), from €618,825 to €1.3m
- Cash -€327,561
down €327,561 (-90.4%), from €362,301 to €34,740
mainly Stocks and contracts (-€668,273) and Investment in fixed assets (net) (-€55,000)
- Receivables within one year +€52,224
up €52,224 (+62.2%), from €83,991 to €136,215
of which Trade receivables: +€105,429
- Tangible fixed assets +€38,359
up €38,359 (+12.7%), from €301,253 to €339,612
of which Land and buildings: +€41,123
- Current portion of long-term debt +€460,000
new in 2025: €460,000
- Trade debts -€50,471
down €50,471 (-65.0%), from €77,621 to €27,150
- Profit (loss) carried forward +€36,937
up €36,937 (+93.2%), from -€39,613 to -€2,675
- Gross operating margin +€54,842
up €54,842 (+343%), from €15,974 to €70,816
- Financial charges +€11,548
up €11,548 (+759%), from €1,522 to €13,070
- Financial income -€8,674
down €8,674 (-91.2%), from €9,510 to €836
- Other operating charges +€4,391
up €4,391 (+999%), from €440 to €4,831
- Depreciation +€868
up €868 (+5.5%), from €15,773 to €16,641
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 | €1,367,690 | €1,798,985 | +€431,295 | +31.5% |
| Fixed assets | 21/28 | €302,572 | €340,931 | +€38,359 | +12.7% |
| Tangible fixed assets | 22/27 | €301,253 | €339,612 | +€38,359 | +12.7% |
| Land and buildings | 22 | €296,889 | €338,012 | +€41,123 | +13.9% |
| Plant, machinery and equipment | 23 | €805 | €564 | -€241 | -30.0% |
| Furniture and vehicles | 24 | €3,559 | €1,037 | -€2,523 | -70.9% |
| Financial fixed assets | 28 | €1,319 | €1,319 | = | 0.0% |
| Current assets | 29/58 | €1,065,117 | €1,458,053 | +€392,936 | +36.9% |
| Stocks and contracts in progress | 3 | €618,825 | €1,287,098 | +€668,273 | +108% |
| Stocks | 30/36 | €618,825 | €1,287,098 | +€668,273 | +108% |
| Amounts receivable within one year | 40/41 | €83,991 | €136,215 | +€52,224 | +62.2% |
| Trade receivables | 40 | €16,527 | €121,957 | +€105,429 | +638% |
| Other amounts receivable | 41 | €67,464 | €14,258 | -€53,206 | -78.9% |
| Cash at bank and in hand | 54/58 | €362,301 | €34,740 | -€327,561 | -90.4% |
| Total equity and liabilities | 10/49 | €1,367,690 | €1,798,985 | +€431,295 | +31.5% |
| Equity | 10/15 | €1,067,802 | €1,094,959 | +€27,156 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,088,815 | €1,079,034 | -€9,781 | -0.9% |
| Distributable reserves | 133 | €1,088,815 | €1,079,034 | -€9,781 | -0.9% |
| Profit (loss) carried forward | 14 | -€39,613 | -€2,675 | +€36,937 | +93.2% |
| Amounts payable | 17/49 | €299,888 | €704,026 | +€404,139 | +135% |
| Amounts payable within one year | 42/48 | €299,888 | €704,026 | +€404,139 | +135% |
| Current portion of amounts payable after more than one year | 42 | - | €460,000 | +€460,000 | |
| Financial debts | 43 | €130,000 | €137,000 | +€7,000 | +5.4% |
| Other loans | 439 | €130,000 | €137,000 | +€7,000 | +5.4% |
| Trade debts | 44 | €77,621 | €27,150 | -€50,471 | -65.0% |
| Suppliers | 440/4 | €77,621 | €27,150 | -€50,471 | -65.0% |
| Taxes, remuneration and social security | 45 | €143 | €838 | +€695 | +486% |
| Taxes | 450/3 | €143 | €838 | +€695 | +486% |
| Other amounts payable | 47/48 | €92,123 | €79,038 | -€13,085 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,773 | €16,641 | +€868 | +5.5% |
| Other operating charges | 640/8 | €440 | €4,831 | +€4,391 | +999% |
| Gross operating margin | 9900 | €15,974 | €70,816 | +€54,842 | +343% |
| Operating profit (loss) | 9901 | -€239 | €49,345 | +€49,584 | |
| Financial income | 75/76B | €9,510 | €836 | -€8,674 | -91.2% |
| Recurring financial income | 75 | €9,510 | €836 | -€8,674 | -91.2% |
| Financial charges | 65/66B | €1,522 | €13,070 | +€11,548 | +759% |
| Recurring financial charges | 65 | €1,522 | €13,070 | +€11,548 | +759% |
| Profit (loss) for the period before taxes | 9903 | €7,750 | €37,111 | +€29,361 | +379% |
| Income taxes | 67/77 | €173 | €173 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €7,577 | €36,937 | +€29,361 | +388% |
| Profit (loss) for the period to be appropriated | 9905 | €7,577 | €36,937 | +€29,361 | +388% |
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 23 October 2026 via checked.be.