MakinH: 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.
MakinH
Largest movements
- Cash +€33,548
up €33,548 (+825%), from €4,066 to €37,615
mainly Other debts (+€82,053) and Trade debts (+€28,921)
- Intangible fixed assets +€24,589
up €24,589 (+825%), from €2,980 to €27,569
- Receivables within one year +€12,289
up €12,289 (+516%), from €2,381 to €14,670
of which Trade receivables: +€12,573
- Deferred charges and accrued income +€4,798
new in 2025: €4,798
- Other debts +€82,053
new in 2025: €82,053
- Profit (loss) carried forward -€37,399
down €37,399 (-177%), from -€21,130 to -€58,529
- Trade debts +€28,921
up €28,921 (+1,826%), from €1,584 to €30,505
- Short-term financial debts +€1,025
new in 2025: €1,025
- Gross operating margin -€15,074
down €15,074 (-82.2%), from -€18,342 to -€33,416
- Depreciation +€1,563
up €1,563 (+84.9%), from €1,841 to €3,404
- Other operating charges -€488
down €488 (-54.0%), from €905 to €416
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 | €12,455 | €87,262 | +€74,807 | +601% |
| Formation expenses | 20 | €627 | €210 | -€417 | -66.5% |
| Fixed assets | 21/28 | €5,380 | €29,969 | +€24,589 | +457% |
| Intangible fixed assets | 21 | €2,980 | €27,569 | +€24,589 | +825% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €6,447 | €57,083 | +€50,635 | +785% |
| Amounts receivable within one year | 40/41 | €2,381 | €14,670 | +€12,289 | +516% |
| Trade receivables | 40 | - | €12,573 | +€12,573 | |
| Other amounts receivable | 41 | €2,381 | €2,097 | -€284 | -11.9% |
| Cash at bank and in hand | 54/58 | €4,066 | €37,615 | +€33,548 | +825% |
| Deferred charges and accrued income | 490/1 | - | €4,798 | +€4,798 | |
| Total equity and liabilities | 10/49 | €12,455 | €87,262 | +€74,807 | +601% |
| Equity | 10/15 | €10,870 | -€26,529 | -€37,399 | |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,130 | -€58,529 | -€37,399 | -177% |
| Amounts payable | 17/49 | €1,584 | €113,791 | +€112,207 | +7,083% |
| Amounts payable within one year | 42/48 | €1,584 | €113,791 | +€112,207 | +7,083% |
| Financial debts | 43 | - | €1,025 | +€1,025 | |
| Credit institutions | 430/8 | - | €1,025 | +€1,025 | |
| Trade debts | 44 | €1,584 | €30,505 | +€28,921 | +1,826% |
| Suppliers | 440/4 | €1,584 | €30,505 | +€28,921 | +1,826% |
| Taxes, remuneration and social security | 45 | - | €208 | +€208 | |
| Taxes | 450/3 | - | €208 | +€208 | |
| Other amounts payable | 47/48 | - | €82,053 | +€82,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,841 | €3,404 | +€1,563 | +84.9% |
| Other operating charges | 640/8 | €905 | €416 | -€488 | -54.0% |
| Gross operating margin | 9900 | -€18,342 | -€33,416 | -€15,074 | -82.2% |
| Operating profit (loss) | 9901 | -€21,088 | -€37,236 | -€16,148 | -76.6% |
| Financial income | 75/76B | €165 | - | -€165 | |
| Recurring financial income | 75 | €165 | - | -€165 | |
| Financial charges | 65/66B | €207 | €163 | -€44 | -21.4% |
| Recurring financial charges | 65 | €207 | €163 | -€44 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,130 | -€37,399 | -€16,269 | -77.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,130 | -€37,399 | -€16,269 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,130 | -€37,399 | -€16,269 | -77.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.