MAKLU UITGEVERS: 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.
MAKLU UITGEVERS
Largest movements
- Current investments -€326,410
down €326,410 (-100%), from €326,410 to €0
- Receivables within one year +€128,122
up €128,122 (+10.2%), from €1.3m to €1.4m
of which Trade receivables: +€67,463
- Cash -€57,737
down €57,737 (-36.9%), from €156,330 to €98,592
mainly Other debts (-€135,708) and Receivables within one year (-€128,122)
- Other debts -€135,708
down €135,708 (-17.3%), from €786,437 to €650,729
- Trade debts -€116,387
down €116,387 (-20.7%), from €562,600 to €446,212
- Financial charges +€8,223
up €8,223 (+42.6%), from €19,296 to €27,519
- Gross operating margin +€4,952
up €4,952 (+2.4%), from €202,910 to €207,863
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,225,788 | €1,973,336 | -€252,452 | -11.3% |
| Fixed assets | 21/28 | €459,264 | €458,257 | -€1,007 | -0.2% |
| Tangible fixed assets | 22/27 | €1,129 | €77 | -€1,052 | -93.2% |
| Furniture and vehicles | 24 | €1,129 | €77 | -€1,052 | -93.2% |
| Financial fixed assets | 28 | €458,135 | €458,181 | +€46 | 0.0% |
| Current assets | 29/58 | €1,766,524 | €1,515,079 | -€251,445 | -14.2% |
| Stocks and contracts in progress | 3 | €14,962 | €18,962 | +€4,000 | +26.7% |
| Stocks | 30/36 | €14,962 | €18,962 | +€4,000 | +26.7% |
| Amounts receivable within one year | 40/41 | €1,261,753 | €1,389,875 | +€128,122 | +10.2% |
| Trade receivables | 40 | €1,261,753 | €1,329,216 | +€67,463 | +5.3% |
| Other amounts receivable | 41 | €0 | €60,659 | +€60,659 | |
| Current investments | 50/53 | €326,410 | €0 | -€326,410 | -100% |
| Cash at bank and in hand | 54/58 | €156,330 | €98,592 | -€57,737 | -36.9% |
| Deferred charges and accrued income | 490/1 | €7,070 | €7,650 | +€580 | +8.2% |
| Total equity and liabilities | 10/49 | €2,225,788 | €1,973,336 | -€252,452 | -11.3% |
| Equity | 10/15 | €741,934 | €741,975 | +€41 | 0.0% |
| Contributions | 10/11 | €446,208 | €446,208 | = | 0.0% |
| Capital | 10 | €446,208 | €446,208 | = | 0.0% |
| Issued capital | 100 | €446,208 | €446,208 | = | 0.0% |
| Reserves | 13 | €114,843 | €114,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,621 | €44,621 | = | 0.0% |
| Legal reserve | 130 | €44,621 | €44,621 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,222 | €70,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,883 | €180,924 | +€41 | 0.0% |
| Amounts payable | 17/49 | €1,483,854 | €1,231,361 | -€252,493 | -17.0% |
| Amounts payable after more than one year | 17 | €91,516 | €91,516 | = | 0.0% |
| Financial debts | 170/4 | €91,516 | €91,516 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,370,232 | €1,119,845 | -€250,387 | -18.3% |
| Trade debts | 44 | €562,600 | €446,212 | -€116,387 | -20.7% |
| Suppliers | 440/4 | €562,600 | €446,212 | -€116,387 | -20.7% |
| Taxes, remuneration and social security | 45 | €21,195 | €22,904 | +€1,709 | +8.1% |
| Taxes | 450/3 | €2,158 | €2,002 | -€156 | -7.2% |
| Remuneration and social security | 454/9 | €19,037 | €20,902 | +€1,865 | +9.8% |
| Other amounts payable | 47/48 | €786,437 | €650,729 | -€135,708 | -17.3% |
| Accrued charges and deferred income | 492/3 | €22,107 | €20,000 | -€2,107 | -9.5% |
| Remuneration, social security and pensions | 62 | €178,862 | €177,312 | -€1,551 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €1,052 | -€18 | -1.7% |
| Other operating charges | 640/8 | €2,590 | €1,793 | -€797 | -30.8% |
| Gross operating margin | 9900 | €202,910 | €207,863 | +€4,952 | +2.4% |
| Operating profit (loss) | 9901 | €20,387 | €27,705 | +€7,318 | +35.9% |
| Financial income | 75/76B | €0 | €57 | +€57 | |
| Recurring financial income | 75 | €0 | €57 | +€57 | |
| Financial charges | 65/66B | €19,296 | €27,519 | +€8,223 | +42.6% |
| Recurring financial charges | 65 | €19,296 | €27,519 | +€8,223 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €1,092 | €243 | -€849 | -77.7% |
| Income taxes | 67/77 | €173 | €202 | +€29 | +16.9% |
| Profit (loss) for the period | 9904 | €919 | €41 | -€878 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €919 | €41 | -€878 | -95.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.