MAKI HOUSE: 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 HOUSE
Largest movements
- Receivables within one year +€195,585
up €195,585 (+54.3%), from €360,502 to €556,087
of which Trade receivables: +€162,954
- Cash -€18,933
down €18,933 (-28.5%), from €66,376 to €47,443
mainly Receivables within one year (-€195,585) and Tax, wage and social debts (-€8,342)
- Profit (loss) carried forward +€104,198
up €104,198 (+31.2%), from €333,931 to €438,128
- Trade debts +€76,536
up €76,536 (+219%), from €34,934 to €111,471
- Tax, wage and social debts -€8,342
down €8,342 (-13.7%), from €60,953 to €52,611
of which Taxes: -€15,007
- Gross operating margin +€4,533
up €4,533 (+3.0%), from €151,765 to €156,299
- Other operating charges +€4,162
up €4,162 (+155%), from €2,687 to €6,849
- Taxes +€3,827
up €3,827 (+10.8%), from €35,501 to €39,328
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 | €545,761 | €720,522 | +€174,762 | +32.0% |
| Fixed assets | 21/28 | €84,512 | €83,426 | -€1,086 | -1.3% |
| Intangible fixed assets | 21 | €11,250 | €10,000 | -€1,250 | -11.1% |
| Tangible fixed assets | 22/27 | €9,393 | €9,557 | +€164 | +1.7% |
| Plant, machinery and equipment | 23 | €7,229 | €4,326 | -€2,902 | -40.2% |
| Furniture and vehicles | 24 | €2,164 | €5,231 | +€3,066 | +142% |
| Financial fixed assets | 28 | €63,869 | €63,869 | = | 0.0% |
| Current assets | 29/58 | €461,249 | €637,096 | +€175,848 | +38.1% |
| Amounts receivable within one year | 40/41 | €360,502 | €556,087 | +€195,585 | +54.3% |
| Trade receivables | 40 | €331,746 | €494,701 | +€162,954 | +49.1% |
| Other amounts receivable | 41 | €28,756 | €61,386 | +€32,631 | +113% |
| Cash at bank and in hand | 54/58 | €66,376 | €47,443 | -€18,933 | -28.5% |
| Deferred charges and accrued income | 490/1 | €34,370 | €33,566 | -€804 | -2.3% |
| Total equity and liabilities | 10/49 | €545,761 | €720,522 | +€174,762 | +32.0% |
| Equity | 10/15 | €336,431 | €440,628 | +€104,198 | +31.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €333,931 | €438,128 | +€104,198 | +31.2% |
| Amounts payable | 17/49 | €209,330 | €279,894 | +€70,564 | +33.7% |
| Amounts payable after more than one year | 17 | €58,409 | €53,209 | -€5,200 | -8.9% |
| Other amounts payable | 178/9 | €58,409 | €53,209 | -€5,200 | -8.9% |
| Amounts payable within one year | 42/48 | €130,727 | €203,293 | +€72,566 | +55.5% |
| Trade debts | 44 | €34,934 | €111,471 | +€76,536 | +219% |
| Suppliers | 440/4 | €34,934 | €111,471 | +€76,536 | +219% |
| Taxes, remuneration and social security | 45 | €60,953 | €52,611 | -€8,342 | -13.7% |
| Taxes | 450/3 | €60,953 | €45,946 | -€15,007 | -24.6% |
| Remuneration and social security | 454/9 | - | €6,665 | +€6,665 | |
| Other amounts payable | 47/48 | €34,840 | €39,211 | +€4,371 | +12.5% |
| Accrued charges and deferred income | 492/3 | €20,194 | €23,392 | +€3,198 | +15.8% |
| Non-recurring operating income | 76A | - | €4,113 | +€4,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,239 | €6,699 | +€460 | +7.4% |
| Other operating charges | 640/8 | €2,687 | €6,849 | +€4,162 | +155% |
| Gross operating margin | 9900 | €151,765 | €156,299 | +€4,533 | +3.0% |
| Operating profit (loss) | 9901 | €142,839 | €142,750 | -€89 | -0.1% |
| Financial income | 75/76B | €4 | €830 | +€825 | +19,985% |
| Recurring financial income | 75 | €4 | €830 | +€825 | +19,985% |
| Financial charges | 65/66B | €676 | €54 | -€622 | -92.0% |
| Recurring financial charges | 65 | €676 | €54 | -€622 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €142,167 | €143,526 | +€1,359 | +1.0% |
| Income taxes | 67/77 | €35,501 | €39,328 | +€3,827 | +10.8% |
| Profit (loss) for the period | 9904 | €106,666 | €104,198 | -€2,469 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,666 | €104,198 | -€2,469 | -2.3% |
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 30 October 2026 via checked.be.