MAKKAR-IMMO: 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.
MAKKAR-IMMO
Largest movements
- Tangible fixed assets -€7,057
down €7,057 (-3.5%), from €203,993 to €196,936
- Other debts +€12,969
up €12,969 (+488.0%), from €2,658 to €15,627
- Debts after one year -€11,961
down €11,961 (-8.1%), from €147,355 to €135,394
of which Financial debts: -€11,961
- Profit (loss) carried forward -€8,414
down €8,414 (-26.0%), from -€32,319 to -€40,732
- Gross operating margin +€2,737
up €2,737 (+141.5%), from €1,935 to €4,672
- Other operating charges -€694
down €694 (-20.7%), from €3,356 to €2,662
- Financial charges -€196
down €196 (-5.5%), from €3,562 to €3,366
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 | €209,456 | €203,482 | -€5,974 | -2.9% |
| Fixed assets | 21/28 | €203,993 | €196,936 | -€7,057 | -3.5% |
| Tangible fixed assets | 22/27 | €203,993 | €196,936 | -€7,057 | -3.5% |
| Land and buildings | 22 | €203,993 | €196,936 | -€7,057 | -3.5% |
| Current assets | 29/58 | €5,463 | €6,546 | +€1,084 | +19.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,463 | €6,546 | +€1,084 | +19.8% |
| Total equity and liabilities | 10/49 | €209,456 | €203,482 | -€5,974 | -2.9% |
| Equity | 10/15 | €47,681 | €39,268 | -€8,414 | -17.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,319 | -€40,732 | -€8,414 | -26.0% |
| Amounts payable | 17/49 | €161,774 | €164,214 | +€2,440 | +1.5% |
| Amounts payable after more than one year | 17 | €147,355 | €135,394 | -€11,961 | -8.1% |
| Financial debts | 170/4 | €146,895 | €134,934 | -€11,961 | -8.1% |
| Other amounts payable | 178/9 | €460 | €460 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,419 | €28,821 | +€14,401 | +99.9% |
| Current portion of amounts payable after more than one year | 42 | €11,762 | €11,961 | +€199 | +1.7% |
| Trade debts | 44 | €0 | €1,232 | +€1,232 | |
| Suppliers | 440/4 | €0 | €1,232 | +€1,232 | |
| Other amounts payable | 47/48 | €2,658 | €15,627 | +€12,969 | +488.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,057 | €7,057 | +€1 | 0.0% |
| Other operating charges | 640/8 | €3,356 | €2,662 | -€694 | -20.7% |
| Gross operating margin | 9900 | €1,935 | €4,672 | +€2,737 | +141.5% |
| Operating profit (loss) | 9901 | -€8,478 | -€5,048 | +€3,430 | +40.5% |
| Financial charges | 65/66B | €3,562 | €3,366 | -€196 | -5.5% |
| Recurring financial charges | 65 | €3,562 | €3,366 | -€196 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,040 | -€8,414 | +€3,627 | +30.1% |
| Profit (loss) for the period | 9904 | -€12,040 | -€8,414 | +€3,627 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,040 | -€8,414 | +€3,627 | +30.1% |
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.