MAKLI: 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.
MAKLI
Largest movements
- Receivables within one year +€51,515
up €51,515 (+49.5%), from €104,173 to €155,688
of which Trade receivables: +€55,317
- Tangible fixed assets -€12,782
down €12,782 (-9.4%), from €136,484 to €123,702
of which Furniture and vehicles: -€19,706
- Deferred charges and accrued income -€8,715
down €8,715 (-86.1%), from €10,122 to €1,407
- Financial fixed assets +€3,735
up €3,735 (+553%), from €675 to €4,410
- Trade debts +€57,631
up €57,631 (+118%), from €48,872 to €106,503
- Profit (loss) carried forward -€41,419
down €41,419, from €29,171 to -€12,248
- Short-term financial debts +€37,564
up €37,564 (+798%), from €4,704 to €42,268
of which Other loans: +€36,646
- Debts after one year -€18,859
down €18,859 (-44.3%), from €42,542 to €23,684
- Tax, wage and social debts +€5,463
up €5,463 (+10.1%), from €54,270 to €59,733
of which Remuneration and social security: +€5,005
- Staff costs +€75,147
up €75,147 (+26.2%), from €286,578 to €361,725
- Gross operating margin +€26,227
up €26,227 (+7.5%), from €349,988 to €376,215
- Other operating charges -€3,912
down €3,912 (-56.5%), from €6,929 to €3,017
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 | €252,480 | €285,207 | +€32,728 | +13.0% |
| Fixed assets | 21/28 | €137,159 | €128,112 | -€9,047 | -6.6% |
| Tangible fixed assets | 22/27 | €136,484 | €123,702 | -€12,782 | -9.4% |
| Plant, machinery and equipment | 23 | €5,790 | €10,059 | +€4,269 | +73.7% |
| Furniture and vehicles | 24 | €118,493 | €98,786 | -€19,706 | -16.6% |
| Other tangible fixed assets | 26 | €12,201 | €14,857 | +€2,656 | +21.8% |
| Financial fixed assets | 28 | €675 | €4,410 | +€3,735 | +553% |
| Current assets | 29/58 | €115,321 | €157,095 | +€41,775 | +36.2% |
| Amounts receivable within one year | 40/41 | €104,173 | €155,688 | +€51,515 | +49.5% |
| Trade receivables | 40 | €97,296 | €152,613 | +€55,317 | +56.9% |
| Other amounts receivable | 41 | €6,877 | €3,075 | -€3,802 | -55.3% |
| Cash at bank and in hand | 54/58 | €1,026 | - | -€1,026 | |
| Deferred charges and accrued income | 490/1 | €10,122 | €1,407 | -€8,715 | -86.1% |
| Total equity and liabilities | 10/49 | €252,480 | €285,207 | +€32,728 | +13.0% |
| Equity | 10/15 | €74,931 | €33,512 | -€41,419 | -55.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,360 | €33,360 | = | 0.0% |
| Distributable reserves | 133 | €33,360 | €33,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,171 | -€12,248 | -€41,419 | |
| Amounts payable | 17/49 | €177,548 | €251,695 | +€74,147 | +41.8% |
| Amounts payable after more than one year | 17 | €42,542 | €23,684 | -€18,859 | -44.3% |
| Financial debts | 170/4 | €42,542 | €23,684 | -€18,859 | -44.3% |
| Amounts payable within one year | 42/48 | €135,006 | €228,012 | +€93,006 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €22,661 | €19,508 | -€3,153 | -13.9% |
| Financial debts | 43 | €4,704 | €42,268 | +€37,564 | +798% |
| Credit institutions | 430/8 | - | €918 | +€918 | |
| Other loans | 439 | €4,704 | €41,350 | +€36,646 | +779% |
| Trade debts | 44 | €48,872 | €106,503 | +€57,631 | +118% |
| Suppliers | 440/4 | €48,872 | €106,503 | +€57,631 | +118% |
| Taxes, remuneration and social security | 45 | €54,270 | €59,733 | +€5,463 | +10.1% |
| Taxes | 450/3 | €22,364 | €22,822 | +€458 | +2.0% |
| Remuneration and social security | 454/9 | €31,905 | €36,911 | +€5,005 | +15.7% |
| Other amounts payable | 47/48 | €4,499 | - | -€4,499 | |
| Remuneration, social security and pensions | 62 | €286,578 | €361,725 | +€75,147 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,927 | €40,585 | +€658 | +1.6% |
| Other operating charges | 640/8 | €6,929 | €3,017 | -€3,912 | -56.5% |
| Gross operating margin | 9900 | €349,988 | €376,215 | +€26,227 | +7.5% |
| Operating profit (loss) | 9901 | €16,554 | -€29,113 | -€45,667 | |
| Financial income | 75/76B | €17 | €6 | -€11 | -62.7% |
| Recurring financial income | 75 | €17 | €6 | -€11 | -62.7% |
| Financial charges | 65/66B | €13,233 | €12,313 | -€920 | -7.0% |
| Recurring financial charges | 65 | €13,233 | €12,313 | -€920 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €3,338 | -€41,419 | -€44,757 | |
| Income taxes | 67/77 | €1,132 | - | -€1,132 | |
| Profit (loss) for the period | 9904 | €2,206 | -€41,419 | -€43,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,206 | -€41,419 | -€43,626 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.