MAKKERMANS: 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.
MAKKERMANS
Largest movements
- Cash +€61,524
up €61,524 (+210%), from €29,350 to €90,873
mainly Receivables within one year (+€52,288) and Net result for the year (+€23,420)
- Receivables within one year -€52,288
down €52,288 (-92.8%), from €56,347 to €4,058
of which Trade receivables: -€52,009
- Reserves +€23,420
up €23,420 (+43.8%), from €53,483 to €76,903
- Tax, wage and social debts -€15,598
down €15,598 (-50.5%), from €30,899 to €15,301
- Gross operating margin -€39,707
down €39,707 (-53.2%), from €74,652 to €34,945
- Taxes -€10,649
down €10,649 (-49.9%), from €21,345 to €10,696
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 | €89,941 | €98,282 | +€8,341 | +9.3% |
| Fixed assets | 21/28 | €4,245 | €3,350 | -€895 | -21.1% |
| Tangible fixed assets | 22/27 | €4,245 | €3,350 | -€895 | -21.1% |
| Furniture and vehicles | 24 | €4,245 | €3,350 | -€895 | -21.1% |
| Current assets | 29/58 | €85,697 | €94,932 | +€9,235 | +10.8% |
| Amounts receivable within one year | 40/41 | €56,347 | €4,058 | -€52,288 | -92.8% |
| Trade receivables | 40 | €52,390 | €381 | -€52,009 | -99.3% |
| Other amounts receivable | 41 | €3,957 | €3,677 | -€279 | -7.1% |
| Cash at bank and in hand | 54/58 | €29,350 | €90,873 | +€61,524 | +210% |
| Total equity and liabilities | 10/49 | €89,941 | €98,282 | +€8,341 | +9.3% |
| Equity | 10/15 | €56,483 | €79,903 | +€23,420 | +41.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €53,483 | €76,903 | +€23,420 | +43.8% |
| Distributable reserves | 133 | €53,483 | €76,903 | +€23,420 | +43.8% |
| Amounts payable | 17/49 | €33,458 | €18,379 | -€15,079 | -45.1% |
| Amounts payable within one year | 42/48 | €33,458 | €18,379 | -€15,079 | -45.1% |
| Trade debts | 44 | €2,559 | €3,078 | +€518 | +20.3% |
| Suppliers | 440/4 | €2,559 | €3,078 | +€518 | +20.3% |
| Taxes, remuneration and social security | 45 | €30,899 | €15,301 | -€15,598 | -50.5% |
| Taxes | 450/3 | €30,899 | €15,301 | -€15,598 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €895 | +€667 | +293% |
| Other operating charges | 640/8 | €269 | €120 | -€149 | -55.3% |
| Gross operating margin | 9900 | €74,652 | €34,945 | -€39,707 | -53.2% |
| Operating profit (loss) | 9901 | €74,156 | €33,931 | -€40,225 | -54.2% |
| Financial income | 75/76B | €735 | €339 | -€397 | -53.9% |
| Recurring financial income | 75 | €735 | €339 | -€397 | -53.9% |
| Financial charges | 65/66B | €63 | €154 | +€90 | +143% |
| Recurring financial charges | 65 | €63 | €154 | +€90 | +143% |
| Profit (loss) for the period before taxes | 9903 | €74,828 | €34,116 | -€40,712 | -54.4% |
| Income taxes | 67/77 | €21,345 | €10,696 | -€10,649 | -49.9% |
| Profit (loss) for the period | 9904 | €53,483 | €23,420 | -€30,063 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,483 | €23,420 | -€30,063 | -56.2% |
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 15 October 2026 via checked.be.