MAKI - PRINT: 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 - PRINT
Largest movements
- Receivables within one year -€1,498
down €1,498 (-5.3%), from €28,381 to €26,882
of which Other amounts receivable: -€3,641
- Deferred charges and accrued income -€1,106
no longer reported in 2025 (was €1,106)
- Tangible fixed assets +€1,013
new in 2025: €1,013
- Reserves -€8,174
down €8,174 (-17.3%), from €47,212 to €39,038
of which Distributable reserves: -€6,314
- Tax, wage and social debts +€3,526
new in 2025: €3,526
- Accrued charges and deferred income +€1,650
new in 2025: €1,650
- Trade debts +€1,425
up €1,425 (+813%), from €175 to €1,600
- Gross operating margin -€21,201
down €21,201 (-49.4%), from €42,951 to €21,750
- Taxes -€5,716
down €5,716 (-44.8%), from €12,756 to €7,040
- Financial charges -€1,051
down €1,051 (-90.0%), from €1,168 to €116
of which Non-recurring financial charges: -€1,000
- Depreciation -€434
down €434 (-69.9%), from €622 to €187
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 | €66,036 | €64,842 | -€1,194 | -1.8% |
| Fixed assets | 21/28 | - | €1,013 | +€1,013 | |
| Tangible fixed assets | 22/27 | - | €1,013 | +€1,013 | |
| Plant, machinery and equipment | 23 | - | €1,013 | +€1,013 | |
| Current assets | 29/58 | €66,036 | €63,830 | -€2,207 | -3.3% |
| Stocks and contracts in progress | 3 | - | €35 | +€35 | |
| Stocks | 30/36 | - | €35 | +€35 | |
| Amounts receivable within one year | 40/41 | €28,381 | €26,882 | -€1,498 | -5.3% |
| Trade receivables | 40 | €24,553 | €26,696 | +€2,143 | +8.7% |
| Other amounts receivable | 41 | €3,827 | €186 | -€3,641 | -95.1% |
| Cash at bank and in hand | 54/58 | €36,550 | €36,913 | +€363 | +1.0% |
| Deferred charges and accrued income | 490/1 | €1,106 | - | -€1,106 | |
| Total equity and liabilities | 10/49 | €66,036 | €64,842 | -€1,194 | -1.8% |
| Equity | 10/15 | €65,812 | €57,638 | -€8,174 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,212 | €39,038 | -€8,174 | -17.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €45,352 | €39,038 | -€6,314 | -13.9% |
| Amounts payable | 17/49 | €224 | €7,204 | +€6,980 | +3,113% |
| Amounts payable within one year | 42/48 | €224 | €5,554 | +€5,330 | +2,377% |
| Trade debts | 44 | €175 | €1,600 | +€1,425 | +813% |
| Suppliers | 440/4 | €175 | €1,600 | +€1,425 | +813% |
| Taxes, remuneration and social security | 45 | - | €3,526 | +€3,526 | |
| Taxes | 450/3 | - | €3,526 | +€3,526 | |
| Other amounts payable | 47/48 | €49 | €428 | +€379 | +773% |
| Accrued charges and deferred income | 492/3 | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €187 | -€434 | -69.9% |
| Other operating charges | 640/8 | €878 | €587 | -€291 | -33.1% |
| Non-recurring operating charges | 66A | €2,385 | - | -€2,385 | |
| Gross operating margin | 9900 | €42,951 | €21,750 | -€21,201 | -49.4% |
| Operating profit (loss) | 9901 | €39,067 | €20,976 | -€18,092 | -46.3% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | €1,168 | €116 | -€1,051 | -90.0% |
| Recurring financial charges | 65 | €168 | €116 | -€51 | -30.6% |
| Non-recurring financial charges | 66B | €1,000 | - | -€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €37,900 | €20,933 | -€16,966 | -44.8% |
| Income taxes | 67/77 | €12,756 | €7,040 | -€5,716 | -44.8% |
| Profit (loss) for the period | 9904 | €25,144 | €13,894 | -€11,250 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,144 | €13,894 | -€11,250 | -44.7% |
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 17 October 2026 via checked.be.