MAKIL: what changed
Two fiscal 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.
MAKIL
Largest movements
- Cash +€17,018
up €17,018 (+236.3%), from €7,203 to €24,221
mainly Net result for the year (+€22,128) and Depreciation (+€9,289)
- Receivables within one year +€10,264
up €10,264 (+58.6%), from €17,516 to €27,779
of which Other amounts receivable: +€7,062
- Tangible fixed assets -€6,911
down €6,911 (-30.8%), from €22,412 to €15,501
of which Plant, machinery and equipment: -€6,760
- Stocks and contracts +€2,740
up €2,740 (+60.2%), from €4,550 to €7,290
- Intangible fixed assets -€2,222
down €2,222 (-21.4%), from €10,370 to €8,148
- Reserves +€22,128
up €22,128 (+64.9%), from €34,109 to €56,236
- Tax, wage and social debts +€8,839
up €8,839 (+98.5%), from €8,977 to €17,817
of which Taxes: +€8,799
- Other debts -€7,166
no longer reported in 2025 (was €7,166)
- Current portion of long-term debt -€4,751
no longer reported in 2025 (was €4,751)
- Trade debts +€2,125
up €2,125 (+103.8%), from €2,048 to €4,173
- Gross operating margin +€44,838
up €44,838 (+53.2%), from €84,269 to €129,108
- Staff costs +€26,037
up €26,037 (+43.8%), from €59,509 to €85,546
- Taxes +€2,511
up €2,511 (+56.0%), from €4,482 to €6,994
- Other operating charges +€2,193
up €2,193 (+189.0%), from €1,160 to €3,353
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 | €62,051 | €83,992 | +€21,941 | +35.4% |
| Fixed assets | 21/28 | €32,782 | €23,649 | -€9,133 | -27.9% |
| Intangible fixed assets | 21 | €10,370 | €8,148 | -€2,222 | -21.4% |
| Tangible fixed assets | 22/27 | €22,412 | €15,501 | -€6,911 | -30.8% |
| Plant, machinery and equipment | 23 | €21,606 | €14,846 | -€6,760 | -31.3% |
| Furniture and vehicles | 24 | €806 | €655 | -€151 | -18.8% |
| Current assets | 29/58 | €29,269 | €60,343 | +€31,075 | +106.2% |
| Stocks and contracts in progress | 3 | €4,550 | €7,290 | +€2,740 | +60.2% |
| Stocks | 30/36 | €4,550 | €7,290 | +€2,740 | +60.2% |
| Amounts receivable within one year | 40/41 | €17,516 | €27,779 | +€10,264 | +58.6% |
| Trade receivables | 40 | €16,461 | €19,663 | +€3,202 | +19.5% |
| Other amounts receivable | 41 | €1,054 | €8,116 | +€7,062 | +669.7% |
| Cash at bank and in hand | 54/58 | €7,203 | €24,221 | +€17,018 | +236.3% |
| Deferred charges and accrued income | 490/1 | - | €1,053 | +€1,053 | |
| Total equity and liabilities | 10/49 | €62,051 | €83,992 | +€21,941 | +35.4% |
| Equity | 10/15 | €39,109 | €61,236 | +€22,128 | +56.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,109 | €56,236 | +€22,128 | +64.9% |
| Distributable reserves | 133 | €34,109 | €56,236 | +€22,128 | +64.9% |
| Amounts payable | 17/49 | €22,942 | €22,756 | -€186 | -0.8% |
| Amounts payable within one year | 42/48 | €22,942 | €21,990 | -€952 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €4,751 | - | -€4,751 | |
| Trade debts | 44 | €2,048 | €4,173 | +€2,125 | +103.8% |
| Suppliers | 440/4 | €2,048 | €4,173 | +€2,125 | +103.8% |
| Taxes, remuneration and social security | 45 | €8,977 | €17,817 | +€8,839 | +98.5% |
| Taxes | 450/3 | €6,722 | €15,520 | +€8,799 | +130.9% |
| Remuneration and social security | 454/9 | €2,256 | €2,296 | +€41 | +1.8% |
| Other amounts payable | 47/48 | €7,166 | - | -€7,166 | |
| Accrued charges and deferred income | 492/3 | - | €766 | +€766 | |
| Remuneration, social security and pensions | 62 | €59,509 | €85,546 | +€26,037 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,587 | €9,289 | +€702 | +8.2% |
| Other operating charges | 640/8 | €1,160 | €3,353 | +€2,193 | +189.0% |
| Gross operating margin | 9900 | €84,269 | €129,108 | +€44,838 | +53.2% |
| Operating profit (loss) | 9901 | €15,012 | €30,919 | +€15,907 | +106.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +4357.1% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4357.1% |
| Financial charges | 65/66B | €1,953 | €1,801 | -€152 | -7.8% |
| Recurring financial charges | 65 | €1,953 | €1,801 | -€152 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €13,059 | €29,121 | +€16,062 | +123.0% |
| Income taxes | 67/77 | €4,482 | €6,994 | +€2,511 | +56.0% |
| Profit (loss) for the period | 9904 | €8,577 | €22,128 | +€13,550 | +158.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,577 | €22,128 | +€13,550 | +158.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.