MAKIKO: 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.
MAKIKO
Largest movements
- Cash +€24,928
up €24,928 (+31.9%), from €78,121 to €103,049
mainly Net result for the year (+€16,952) and Other debts (+€13,208)
- Reserves +€16,952
up €16,952 (+38.5%), from €44,029 to €60,982
- Other debts +€13,208
up €13,208 (+1585.6%), from €833 to €14,041
- Profit (loss) carried forward -€7,500
down €7,500 (-10.9%), from €68,736 to €61,236
- Accrued charges and deferred income +€4,250
new in 2025: €4,250
- Gross operating margin +€7,939
up €7,939 (+48.2%), from €16,475 to €24,414
- Financial charges +€2,076
up €2,076 (+851.6%), from €244 to €2,320
- Taxes -€501
down €501 (-9.4%), from €5,345 to €4,844
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.
Cash bridge derived
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 | €137,700 | €163,855 | +€26,155 | +19.0% |
| Current assets | 29/58 | €137,700 | €163,855 | +€26,155 | +19.0% |
| Amounts receivable within one year | 40/41 | €6,230 | €7,352 | +€1,122 | +18.0% |
| Trade receivables | 40 | - | €3,054 | +€3,054 | |
| Other amounts receivable | 41 | €6,230 | €4,298 | -€1,933 | -31.0% |
| Current investments | 50/53 | €53,254 | €53,454 | +€199 | +0.4% |
| Cash at bank and in hand | 54/58 | €78,121 | €103,049 | +€24,928 | +31.9% |
| Deferred charges and accrued income | 490/1 | €94 | - | -€94 | |
| Total equity and liabilities | 10/49 | €137,700 | €163,855 | +€26,155 | +19.0% |
| Equity | 10/15 | €131,366 | €140,818 | +€9,452 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,029 | €60,982 | +€16,952 | +38.5% |
| Distributable reserves | 133 | €44,029 | €60,982 | +€16,952 | +38.5% |
| Profit (loss) carried forward | 14 | €68,736 | €61,236 | -€7,500 | -10.9% |
| Amounts payable | 17/49 | €6,334 | €23,036 | +€16,702 | +263.7% |
| Amounts payable within one year | 42/48 | €6,334 | €18,786 | +€12,452 | +196.6% |
| Trade debts | 44 | €236 | - | -€236 | |
| Suppliers | 440/4 | €236 | - | -€236 | |
| Taxes, remuneration and social security | 45 | €5,265 | €4,745 | -€520 | -9.9% |
| Taxes | 450/3 | €5,265 | €4,745 | -€520 | -9.9% |
| Other amounts payable | 47/48 | €833 | €14,041 | +€13,208 | +1585.6% |
| Accrued charges and deferred income | 492/3 | - | €4,250 | +€4,250 | |
| Other operating charges | 640/8 | €593 | €593 | -€0 | 0.0% |
| Gross operating margin | 9900 | €16,475 | €24,414 | +€7,939 | +48.2% |
| Operating profit (loss) | 9901 | €15,882 | €23,821 | +€7,939 | +50.0% |
| Financial income | 75/76B | €361 | €296 | -€66 | -18.2% |
| Recurring financial income | 75 | €361 | €296 | -€66 | -18.2% |
| Financial charges | 65/66B | €244 | €2,320 | +€2,076 | +851.6% |
| Recurring financial charges | 65 | €244 | €2,320 | +€2,076 | +851.6% |
| Profit (loss) for the period before taxes | 9903 | €15,999 | €21,797 | +€5,797 | +36.2% |
| Income taxes | 67/77 | €5,345 | €4,844 | -€501 | -9.4% |
| Profit (loss) for the period | 9904 | €10,655 | €16,952 | +€6,298 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,655 | €16,952 | +€6,298 | +59.1% |
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 11 October 2026 via checked.be.