MAKINCHA: 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.
MAKINCHA
Largest movements
- Deferred charges and accrued income -€4,707
down €4,707 (-46.5%), from €10,113 to €5,406
- Receivables within one year +€3,533
new in 2025: €3,533
- Cash -€3,299
down €3,299 (-15.6%), from €21,205 to €17,906
mainly Contributions, distributions and other (-€4,000) and Receivables within one year (-€3,533)
- Tangible fixed assets -€3,049
down €3,049 (-79.8%), from €3,821 to €772
- Reserves -€4,000
down €4,000 (-53.3%), from €7,500 to €3,500
- Current portion of long-term debt -€2,608
down €2,608 (-44.7%), from €5,835 to €3,228
- Tax, wage and social debts -€1,465
down €1,465 (-31.4%), from €4,665 to €3,200
of which Taxes: -€1,665
- Trade debts +€1,114
up €1,114 (+38.5%), from €2,894 to €4,008
- Gross operating margin -€22,873
down €22,873 (-90.2%), from €25,349 to €2,476
- Taxes -€3,742
down €3,742 (-65.6%), from €5,705 to €1,964
- Depreciation -€2,858
down €2,858 (-48.4%), from €5,908 to €3,049
- Financial income +€1,353
up €1,353 (+86.7%), from €1,560 to €2,913
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 | €35,299 | €27,777 | -€7,522 | -21.3% |
| Fixed assets | 21/28 | €3,981 | €932 | -€3,049 | -76.6% |
| Tangible fixed assets | 22/27 | €3,821 | €772 | -€3,049 | -79.8% |
| Furniture and vehicles | 24 | €3,821 | €772 | -€3,049 | -79.8% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €31,318 | €26,845 | -€4,473 | -14.3% |
| Amounts receivable within one year | 40/41 | - | €3,533 | +€3,533 | |
| Other amounts receivable | 41 | - | €3,533 | +€3,533 | |
| Cash at bank and in hand | 54/58 | €21,205 | €17,906 | -€3,299 | -15.6% |
| Deferred charges and accrued income | 490/1 | €10,113 | €5,406 | -€4,707 | -46.5% |
| Total equity and liabilities | 10/49 | €35,299 | €27,777 | -€7,522 | -21.3% |
| Equity | 10/15 | €16,555 | €12,318 | -€4,237 | -25.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €7,500 | €3,500 | -€4,000 | -53.3% |
| Distributable reserves | 133 | €7,500 | €3,500 | -€4,000 | -53.3% |
| Profit (loss) carried forward | 14 | €995 | €758 | -€237 | -23.8% |
| Amounts payable | 17/49 | €18,744 | €15,458 | -€3,286 | -17.5% |
| Amounts payable within one year | 42/48 | €18,744 | €15,458 | -€3,286 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €5,835 | €3,228 | -€2,608 | -44.7% |
| Trade debts | 44 | €2,894 | €4,008 | +€1,114 | +38.5% |
| Suppliers | 440/4 | €2,894 | €4,008 | +€1,114 | +38.5% |
| Taxes, remuneration and social security | 45 | €4,665 | €3,200 | -€1,465 | -31.4% |
| Taxes | 450/3 | €2,865 | €1,200 | -€1,665 | -58.1% |
| Remuneration and social security | 454/9 | €1,800 | €2,000 | +€200 | +11.1% |
| Other amounts payable | 47/48 | €5,349 | €5,023 | -€326 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,908 | €3,049 | -€2,858 | -48.4% |
| Other operating charges | 640/8 | €330 | €291 | -€39 | -11.8% |
| Gross operating margin | 9900 | €25,349 | €2,476 | -€22,873 | -90.2% |
| Operating profit (loss) | 9901 | €19,111 | -€864 | -€19,975 | |
| Financial income | 75/76B | €1,560 | €2,913 | +€1,353 | +86.7% |
| Recurring financial income | 75 | €1,560 | €2,913 | +€1,353 | +86.7% |
| Financial charges | 65/66B | €380 | €322 | -€59 | -15.4% |
| Recurring financial charges | 65 | €380 | €322 | -€59 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €20,291 | €1,727 | -€18,564 | -91.5% |
| Income taxes | 67/77 | €5,705 | €1,964 | -€3,742 | -65.6% |
| Profit (loss) for the period | 9904 | €14,586 | -€237 | -€14,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,586 | -€237 | -€14,823 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.