MAKIMAKI: 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.
MAKIMAKI
Largest movements
- Tangible fixed assets -€19,699
down €19,699 (-14.3%), from €138,010 to €118,311
of which Furniture and vehicles: -€10,604
- Deferred charges and accrued income -€8,979
down €8,979 (-92.1%), from €9,755 to €775
- Cash -€7,759
down €7,759 (-52.3%), from €14,844 to €7,085
mainly Trade debts (-€102,075) and Investment in fixed assets (net) (-€8,700)
- Receivables within one year +€3,714
up €3,714 (+2.9%), from €129,657 to €133,371
of which Other amounts receivable: +€21,755
- Trade debts -€102,075
down €102,075 (-50.6%), from €201,781 to €99,705
- Profit (loss) carried forward +€32,837
up €32,837 (+82.9%), from €39,589 to €72,427
- Other debts +€20,142
new in 2024: €20,142
- Tax, wage and social debts +€16,765
up €16,765 (+40.0%), from €41,951 to €58,717
of which Remuneration and social security: +€13,478
- Accrued charges and deferred income -€7,875
down €7,875 (-95.9%), from €8,214 to €340
- Gross operating margin -€46,214
down €46,214 (-14.7%), from €313,419 to €267,206
- Staff costs -€38,128
down €38,128 (-16.8%), from €227,361 to €189,234
- Taxes +€14,957
up €14,957 (+556%), from €2,692 to €17,649
- Other operating charges -€3,994
down €3,994 (-80.8%), from €4,944 to €950
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,736 | €265,013 | -€32,723 | -11.0% |
| Fixed assets | 21/28 | €143,480 | €123,781 | -€19,699 | -13.7% |
| Tangible fixed assets | 22/27 | €138,010 | €118,311 | -€19,699 | -14.3% |
| Plant, machinery and equipment | 23 | €4,300 | €3,364 | -€936 | -21.8% |
| Furniture and vehicles | 24 | €61,984 | €51,380 | -€10,604 | -17.1% |
| Other tangible fixed assets | 26 | €71,726 | €63,567 | -€8,159 | -11.4% |
| Financial fixed assets | 28 | €5,470 | €5,470 | = | 0.0% |
| Current assets | 29/58 | €154,256 | €141,232 | -€13,024 | -8.4% |
| Amounts receivable within one year | 40/41 | €129,657 | €133,371 | +€3,714 | +2.9% |
| Trade receivables | 40 | €102,212 | €84,171 | -€18,040 | -17.6% |
| Other amounts receivable | 41 | €27,446 | €49,200 | +€21,755 | +79.3% |
| Cash at bank and in hand | 54/58 | €14,844 | €7,085 | -€7,759 | -52.3% |
| Deferred charges and accrued income | 490/1 | €9,755 | €775 | -€8,979 | -92.1% |
| Total equity and liabilities | 10/49 | €297,736 | €265,013 | -€32,723 | -11.0% |
| Equity | 10/15 | €45,789 | €78,627 | +€32,837 | +71.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,589 | €72,427 | +€32,837 | +82.9% |
| Amounts payable | 17/49 | €251,946 | €186,386 | -€65,560 | -26.0% |
| Amounts payable within one year | 42/48 | €243,732 | €186,047 | -€57,685 | -23.7% |
| Financial debts | 43 | - | €7,315 | +€7,315 | |
| Credit institutions | 430/8 | - | €7,315 | +€7,315 | |
| Trade debts | 44 | €201,781 | €99,705 | -€102,075 | -50.6% |
| Suppliers | 440/4 | €201,781 | €99,705 | -€102,075 | -50.6% |
| Advances received on contracts in progress | 46 | - | €167 | +€167 | |
| Taxes, remuneration and social security | 45 | €41,951 | €58,717 | +€16,765 | +40.0% |
| Taxes | 450/3 | €26,309 | €29,596 | +€3,287 | +12.5% |
| Remuneration and social security | 454/9 | €15,642 | €29,121 | +€13,478 | +86.2% |
| Other amounts payable | 47/48 | - | €20,142 | +€20,142 | |
| Accrued charges and deferred income | 492/3 | €8,214 | €340 | -€7,875 | -95.9% |
| Remuneration, social security and pensions | 62 | €227,361 | €189,234 | -€38,128 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,756 | €28,399 | -€1,357 | -4.6% |
| Other operating charges | 640/8 | €4,944 | €950 | -€3,994 | -80.8% |
| Gross operating margin | 9900 | €313,419 | €267,206 | -€46,214 | -14.7% |
| Operating profit (loss) | 9901 | €51,358 | €48,623 | -€2,735 | -5.3% |
| Financial income | 75/76B | €1,455 | €2,066 | +€611 | +42.0% |
| Recurring financial income | 75 | €1,455 | €2,066 | +€611 | +42.0% |
| Financial charges | 65/66B | €378 | €203 | -€175 | -46.3% |
| Recurring financial charges | 65 | €378 | €203 | -€175 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €52,435 | €50,487 | -€1,949 | -3.7% |
| Income taxes | 67/77 | €2,692 | €17,649 | +€14,957 | +556% |
| Profit (loss) for the period | 9904 | €49,744 | €32,837 | -€16,906 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,744 | €32,837 | -€16,906 | -34.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.