MAKID-Development: 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.
MAKID-Development
Largest movements
- Current investments +€52,500
up €52,500 (+174%), from €30,117 to €82,618
- Cash -€28,892
down €28,892 (-44.7%), from €64,635 to €35,743
mainly Current investments (-€52,500) and Tax, wage and social debts (-€7,998)
- Receivables within one year +€7,799
up €7,799 (+56.2%), from €13,886 to €21,685
of which Trade receivables: +€3,933
- Reserves +€40,739
up €40,739 (+43.5%), from €93,626 to €134,365
- Tax, wage and social debts -€7,998
down €7,998 (-84.7%), from €9,443 to €1,446
- Gross operating margin +€5,793
up €5,793 (+11.9%), from €48,712 to €54,504
- Taxes +€1,182
up €1,182 (+12.5%), from €9,470 to €10,652
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 | €114,000 | €145,127 | +€31,127 | +27.3% |
| Fixed assets | 21/28 | €5,257 | €4,354 | -€903 | -17.2% |
| Tangible fixed assets | 22/27 | €5,257 | €4,354 | -€903 | -17.2% |
| Plant, machinery and equipment | 23 | €1,619 | €1,663 | +€44 | +2.7% |
| Furniture and vehicles | 24 | €3,638 | €2,691 | -€948 | -26.0% |
| Current assets | 29/58 | €108,743 | €140,773 | +€32,031 | +29.5% |
| Amounts receivable within one year | 40/41 | €13,886 | €21,685 | +€7,799 | +56.2% |
| Trade receivables | 40 | €12,705 | €16,638 | +€3,933 | +31.0% |
| Other amounts receivable | 41 | €1,181 | €5,048 | +€3,867 | +327% |
| Current investments | 50/53 | €30,117 | €82,618 | +€52,500 | +174% |
| Cash at bank and in hand | 54/58 | €64,635 | €35,743 | -€28,892 | -44.7% |
| Deferred charges and accrued income | 490/1 | €105 | €728 | +€623 | +593% |
| Total equity and liabilities | 10/49 | €114,000 | €145,127 | +€31,127 | +27.3% |
| Equity | 10/15 | €98,626 | €139,365 | +€40,739 | +41.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €93,626 | €134,365 | +€40,739 | +43.5% |
| Distributable reserves | 133 | €93,626 | €134,365 | +€40,739 | +43.5% |
| Amounts payable | 17/49 | €15,374 | €5,763 | -€9,612 | -62.5% |
| Amounts payable within one year | 42/48 | €15,374 | €5,763 | -€9,612 | -62.5% |
| Trade debts | 44 | €1,245 | €843 | -€402 | -32.3% |
| Suppliers | 440/4 | €1,245 | €843 | -€402 | -32.3% |
| Taxes, remuneration and social security | 45 | €9,443 | €1,446 | -€7,998 | -84.7% |
| Taxes | 450/3 | €9,443 | €1,446 | -€7,998 | -84.7% |
| Other amounts payable | 47/48 | €4,686 | €3,474 | -€1,212 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €1,729 | +€343 | +24.7% |
| Other operating charges | 640/8 | €582 | €637 | +€55 | +9.5% |
| Gross operating margin | 9900 | €48,712 | €54,504 | +€5,793 | +11.9% |
| Operating profit (loss) | 9901 | €46,744 | €52,139 | +€5,395 | +11.5% |
| Financial income | 75/76B | €720 | €611 | -€109 | -15.1% |
| Recurring financial income | 75 | €720 | €611 | -€109 | -15.1% |
| Financial charges | 65/66B | €1,236 | €1,358 | +€122 | +9.8% |
| Recurring financial charges | 65 | €1,236 | €1,358 | +€122 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €46,227 | €51,391 | +€5,164 | +11.2% |
| Income taxes | 67/77 | €9,470 | €10,652 | +€1,182 | +12.5% |
| Profit (loss) for the period | 9904 | €36,757 | €40,739 | +€3,982 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,757 | €40,739 | +€3,982 | +10.8% |
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 31 October 2026 via checked.be.