MAKITRANS: 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.
MAKITRANS
Largest movements
- Receivables within one year +€128,726
up €128,726 (+72.9%), from €176,522 to €305,248
of which Other amounts receivable: +€92,604
- Tangible fixed assets -€68,151
down €68,151 (-7.4%), from €918,559 to €850,408
of which Plant, machinery and equipment: -€45,429
- Cash +€23,188
up €23,188 (+17.1%), from €135,439 to €158,626
mainly Depreciation (+€240,887) and Current portion of long-term debt (+€49,407)
- Current portion of long-term debt +€49,407
up €49,407 (+34.0%), from €145,167 to €194,574
- Tax, wage and social debts +€28,323
up €28,323 (+485.8%), from €5,830 to €34,153
- Trade debts -€21,577
down €21,577 (-13.2%), from €163,832 to €142,255
- Reserves +€19,339
up €19,339 (+8.4%), from €229,621 to €248,960
of which Distributable reserves: +€23,638
- Debts after one year +€15,034
up €15,034 (+2.7%), from €551,489 to €566,523
- Gross operating margin +€56,906
up €56,906 (+12.0%), from €474,646 to €531,552
- Depreciation +€44,952
up €44,952 (+22.9%), from €195,935 to €240,887
- Other operating charges -€20,569
down €20,569 (-62.4%), from €32,938 to €12,369
- Staff costs +€18,210
up €18,210 (+8.9%), from €203,573 to €221,783
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 | €1,230,520 | €1,320,330 | +€89,810 | +7.3% |
| Fixed assets | 21/28 | €918,559 | €850,408 | -€68,151 | -7.4% |
| Tangible fixed assets | 22/27 | €918,559 | €850,408 | -€68,151 | -7.4% |
| Land and buildings | 22 | €317,241 | €308,661 | -€8,580 | -2.7% |
| Plant, machinery and equipment | 23 | €147,709 | €102,279 | -€45,429 | -30.8% |
| Furniture and vehicles | 24 | €368,376 | €400,854 | +€32,478 | +8.8% |
| Leasing and similar rights | 25 | €75,906 | €31,171 | -€44,735 | -58.9% |
| Other tangible fixed assets | 26 | €9,328 | €7,443 | -€1,885 | -20.2% |
| Current assets | 29/58 | €311,960 | €469,922 | +€157,962 | +50.6% |
| Amounts receivable within one year | 40/41 | €176,522 | €305,248 | +€128,726 | +72.9% |
| Trade receivables | 40 | €135,125 | €171,248 | +€36,123 | +26.7% |
| Other amounts receivable | 41 | €41,396 | €134,000 | +€92,604 | +223.7% |
| Cash at bank and in hand | 54/58 | €135,439 | €158,626 | +€23,188 | +17.1% |
| Deferred charges and accrued income | 490/1 | - | €6,048 | +€6,048 | |
| Total equity and liabilities | 10/49 | €1,230,520 | €1,320,330 | +€89,810 | +7.3% |
| Equity | 10/15 | €351,395 | €370,734 | +€19,339 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,621 | €248,960 | +€19,339 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €86,048 | €83,609 | -€2,439 | -2.8% |
| Distributable reserves | 133 | €141,713 | €165,351 | +€23,638 | +16.7% |
| Profit (loss) carried forward | 14 | €103,174 | €103,174 | = | 0.0% |
| Provisions and deferred taxes | 16 | €12,139 | €11,633 | -€506 | -4.2% |
| Deferred taxes | 168 | €12,139 | €11,633 | -€506 | -4.2% |
| Amounts payable | 17/49 | €866,985 | €937,963 | +€70,978 | +8.2% |
| Amounts payable after more than one year | 17 | €551,489 | €566,523 | +€15,034 | +2.7% |
| Financial debts | 170/4 | €551,489 | €566,523 | +€15,034 | +2.7% |
| Amounts payable within one year | 42/48 | €315,496 | €371,441 | +€55,944 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €145,167 | €194,574 | +€49,407 | +34.0% |
| Trade debts | 44 | €163,832 | €142,255 | -€21,577 | -13.2% |
| Suppliers | 440/4 | €163,832 | €142,255 | -€21,577 | -13.2% |
| Taxes, remuneration and social security | 45 | €5,830 | €34,153 | +€28,323 | +485.8% |
| Taxes | 450/3 | €5,830 | €34,153 | +€28,323 | +485.8% |
| Other amounts payable | 47/48 | €667 | €459 | -€208 | -31.2% |
| Remuneration, social security and pensions | 62 | €203,573 | €221,783 | +€18,210 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,935 | €240,887 | +€44,952 | +22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,935 | - | +€1,935 | |
| Other operating charges | 640/8 | €32,938 | €12,369 | -€20,569 | -62.4% |
| Gross operating margin | 9900 | €474,646 | €531,552 | +€56,906 | +12.0% |
| Operating profit (loss) | 9901 | €44,135 | €56,513 | +€12,378 | +28.0% |
| Financial income | 75/76B | €14 | €170 | +€156 | +1140.7% |
| Recurring financial income | 75 | €14 | €170 | +€156 | +1140.7% |
| Financial charges | 65/66B | €21,096 | €25,535 | +€4,439 | +21.0% |
| Recurring financial charges | 65 | €21,096 | €25,535 | +€4,439 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €23,053 | €31,148 | +€8,095 | +35.1% |
| Transfer from deferred taxes | 780 | €5,620 | €6,256 | +€636 | +11.3% |
| Transfer to deferred taxes | 680 | - | €5,750 | +€5,750 | |
| Income taxes | 67/77 | €13,330 | €12,316 | -€1,014 | -7.6% |
| Profit (loss) for the period | 9904 | €15,343 | €19,339 | +€3,996 | +26.0% |
| Transfer from tax-exempt reserves | 789 | €17,780 | €19,689 | +€1,909 | +10.7% |
| Transfer to tax-exempt reserves | 689 | - | €17,250 | +€17,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,123 | €21,778 | -€11,345 | -34.3% |
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.