MAKO BELGIUM: 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.
MAKO BELGIUM
Largest movements
- Tangible fixed assets -€16,581
down €16,581 (-9.9%), from €166,811 to €150,230
of which Land and buildings: -€11,119
- Profit (loss) carried forward -€16,264
down €16,264 (-90.6%), from -€17,944 to -€34,208
- Revaluation surpluses -€9,374
down €9,374 (-14.3%), from €65,614 to €56,241
- Reserves +€9,374
up €9,374 (+7.3%), from €128,053 to €137,427
- Gross operating margin -€2,829
down €2,829 (-63.9%), from €4,425 to €1,596
- Financial income +€277
up €277 (+54.8%), from €505 to €782
- Depreciation -€165
down €165 (-1.0%), from €16,747 to €16,581
- Other operating charges +€61
up €61 (+3.1%), from €1,943 to €2,005
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 | €181,272 | €164,859 | -€16,413 | -9.1% |
| Fixed assets | 21/28 | €166,811 | €150,230 | -€16,581 | -9.9% |
| Tangible fixed assets | 22/27 | €166,811 | €150,230 | -€16,581 | -9.9% |
| Land and buildings | 22 | €160,709 | €149,591 | -€11,119 | -6.9% |
| Plant, machinery and equipment | 23 | €5,688 | €639 | -€5,050 | -88.8% |
| Furniture and vehicles | 24 | €413 | - | -€413 | |
| Current assets | 29/58 | €14,462 | €14,630 | +€168 | +1.2% |
| Amounts receivable within one year | 40/41 | €14,363 | €14,575 | +€212 | +1.5% |
| Other amounts receivable | 41 | €14,363 | €14,575 | +€212 | +1.5% |
| Cash at bank and in hand | 54/58 | €99 | €55 | -€44 | -44.8% |
| Total equity and liabilities | 10/49 | €181,272 | €164,859 | -€16,413 | -9.1% |
| Equity | 10/15 | €180,724 | €164,460 | -€16,264 | -9.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €65,614 | €56,241 | -€9,374 | -14.3% |
| Reserves | 13 | €128,053 | €137,427 | +€9,374 | +7.3% |
| Distributable reserves | 133 | €128,053 | €137,427 | +€9,374 | +7.3% |
| Profit (loss) carried forward | 14 | -€17,944 | -€34,208 | -€16,264 | -90.6% |
| Amounts payable | 17/49 | €549 | €400 | -€149 | -27.2% |
| Amounts payable within one year | 42/48 | €549 | €400 | -€149 | -27.2% |
| Trade debts | 44 | €384 | €400 | +€15 | +4.0% |
| Suppliers | 440/4 | €384 | €400 | +€15 | +4.0% |
| Taxes, remuneration and social security | 45 | €164 | - | -€164 | |
| Taxes | 450/3 | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,747 | €16,581 | -€165 | -1.0% |
| Other operating charges | 640/8 | €1,943 | €2,005 | +€61 | +3.1% |
| Gross operating margin | 9900 | €4,425 | €1,596 | -€2,829 | -63.9% |
| Operating profit (loss) | 9901 | -€14,265 | -€16,990 | -€2,725 | -19.1% |
| Financial income | 75/76B | €505 | €782 | +€277 | +54.8% |
| Recurring financial income | 75 | €505 | €782 | +€277 | +54.8% |
| Financial charges | 65/66B | €82 | €57 | -€25 | -30.6% |
| Recurring financial charges | 65 | €82 | €57 | -€25 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,841 | -€16,264 | -€2,423 | -17.5% |
| Profit (loss) for the period | 9904 | -€13,841 | -€16,264 | -€2,423 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,841 | -€16,264 | -€2,423 | -17.5% |
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 30 October 2026 via checked.be.