MAKOA: 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.
What changed
MAKOA
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.2m+€229,982
Equity
€7.6m
2024 · €7.4m+€209,539
Cash
€109,781
2024 · €191,836-€82,055
Balance sheet total
€15.7m
2024 · €13.8m+€1.9m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+49.4%), from €2.8m to €4.2m
of which Trade receivables: +€1.8m
- Stocks and contracts +€463,460
up €463,460 (+4.4%), from €10.5m to €11.0m
Equity and liabilities
- Short-term financial debts +€898,253
up €898,253 (+20.9%), from €4.3m to €5.2m
- Trade debts +€737,548
up €737,548 (+47.6%), from €1.5m to €2.3m
- Advances received -€230,140
down €230,140 (-82.2%), from €280,139 to €49,999
- Reserves +€209,539
up €209,539 (+2.8%), from €7.4m to €7.6m
of which Distributable reserves: +€209,539
- Tax, wage and social debts +€181,049
up €181,049 (+269%), from €67,394 to €248,443
of which Taxes: +€155,626
Income statement
- Turnover +€6.7m
up €6.7m (+32.0%), from €20.8m to €27.5m
- Goods and materials +€4.8m
up €4.8m (+26.9%), from €17.9m to €22.7m
of which Change in stocks: decrease (increase): +€5.0m
- Services and other goods +€968,185
up €968,185 (+114%), from €846,053 to €1.8m
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.
Result 2024
€1.2m
Turnover
+€6.7m
Other operating income
-€10,202
Goods and materials
-€4.8m
Services and other goods
-€968,185
Staff costs
-€190,629
Depreciation
-€35,259
Write-downs
-€234,430
Other operating charges
-€1,702
Financial income
+€26,062
Financial charges
-€107,857
Taxes
-€83,745
Result 2025
€1.4m
raises the resultlowers the result
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.
From operations
+€441,878
Investment
-€221,421
Financing
-€302,512
Cash 2024
€191,836
From operations (derived)
+€441,878
Net result for the year
+€1.4m
Depreciation
+€80,857
Stocks and contracts
-€463,460
Receivables within one year
-€1.4m
Deferred charges and accrued income
+€16,139
Trade debts
+€737,548
Tax, wage and social debts
+€181,049
Advances received
-€230,140
Other debts
+€154,407
Accrued charges and deferred income
-€22,766
Investment (derived)
-€221,421
Investment in fixed assets (net)
-€221,421
Financing
-€302,512
Debts after one year
-€26,184
Current portion of long-term debt
+€940
Short-term financial debts
+€898,253
Contributions, distributions and other
-€1.2m
Cash 2025
€109,781
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,825,912 | €15,728,558 | +€1.9m | +13.8% |
| Fixed assets | 21/28 | €228,203 | €368,768 | +€140,565 | +61.6% |
| Intangible fixed assets | 21 | €149 | €0 | -€149 | -100% |
| Tangible fixed assets | 22/27 | €217,785 | €358,298 | +€140,513 | +64.5% |
| Plant, machinery and equipment | 23 | €6,500 | €115,202 | +€108,702 | +1,672% |
| Furniture and vehicles | 24 | €182,685 | €178,981 | -€3,704 | -2.0% |
| Other tangible fixed assets | 26 | €28,600 | €64,115 | +€35,516 | +124% |
| Financial fixed assets | 28 | €10,270 | €10,470 | +€200 | +1.9% |
| Affiliated companies | 280/1 | €10,000 | €10,000 | = | 0.0% |
| Participating interests | 280 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €270 | €470 | +€200 | +74.1% |
| Amounts receivable and cash guarantees | 285/8 | €270 | €470 | +€200 | +74.1% |
| Current assets | 29/58 | €13,597,709 | €15,359,790 | +€1.8m | +13.0% |
| Stocks and contracts in progress | 3 | €10,540,624 | €11,004,084 | +€463,460 | +4.4% |
| Stocks | 30/36 | €10,540,624 | €11,004,084 | +€463,460 | +4.4% |
| Goods purchased for resale | 34 | €10,540,624 | €11,004,084 | +€463,460 | +4.4% |
| Amounts receivable within one year | 40/41 | €2,827,734 | €4,224,550 | +€1.4m | +49.4% |
| Trade receivables | 40 | €1,734,114 | €3,498,546 | +€1.8m | +102% |
| Other amounts receivable | 41 | €1,093,620 | €726,004 | -€367,616 | -33.6% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €191,836 | €109,781 | -€82,055 | -42.8% |
| Deferred charges and accrued income | 490/1 | €37,514 | €21,376 | -€16,139 | -43.0% |
| Total equity and liabilities | 10/49 | €13,825,912 | €15,728,558 | +€1.9m | +13.8% |
| Equity | 10/15 | €7,415,606 | €7,625,146 | +€209,539 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,397,006 | €7,606,546 | +€209,539 | +2.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,397,006 | €7,606,546 | +€209,539 | +2.8% |
| Amounts payable | 17/49 | €6,410,306 | €8,103,413 | +€1.7m | +26.4% |
| Amounts payable after more than one year | 17 | €95,987 | €69,803 | -€26,184 | -27.3% |
| Financial debts | 170/4 | €95,987 | €69,803 | -€26,184 | -27.3% |
| Subordinated loans | 170 | €0 | - | = | |
| Credit institutions | 173 | €95,987 | €69,803 | -€26,184 | -27.3% |
| Amounts payable within one year | 42/48 | €6,277,512 | €8,019,569 | +€1.7m | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €25,244 | €26,184 | +€940 | +3.7% |
| Financial debts | 43 | €4,301,214 | €5,199,467 | +€898,253 | +20.9% |
| Credit institutions | 430/8 | €4,301,214 | €5,199,467 | +€898,253 | +20.9% |
| Trade debts | 44 | €1,549,491 | €2,287,039 | +€737,548 | +47.6% |
| Suppliers | 440/4 | €1,549,491 | €2,287,039 | +€737,548 | +47.6% |
| Advances received on contracts in progress | 46 | €280,139 | €49,999 | -€230,140 | -82.2% |
| Taxes, remuneration and social security | 45 | €67,394 | €248,443 | +€181,049 | +269% |
| Taxes | 450/3 | €12,652 | €168,278 | +€155,626 | +1,230% |
| Remuneration and social security | 454/9 | €54,742 | €80,165 | +€25,423 | +46.4% |
| Other amounts payable | 47/48 | €54,030 | €208,437 | +€154,407 | +286% |
| Accrued charges and deferred income | 492/3 | €36,807 | €14,041 | -€22,766 | -61.9% |
| Operating income | 70/76A | €20,832,036 | €27,476,157 | +€6.6m | +31.9% |
| Turnover | 70 | €20,803,870 | €27,458,193 | +€6.7m | +32.0% |
| Other operating income | 74 | €28,166 | €17,964 | -€10,202 | -36.2% |
| Operating charges | 60/66A | €19,156,604 | €25,405,203 | +€6.2m | +32.6% |
| Goods for resale, raw materials and consumables | 60 | €17,880,778 | €22,699,173 | +€4.8m | +26.9% |
| Purchases | 600/8 | €23,399,177 | €23,255,458 | -€143,719 | -0.6% |
| Change in stocks: decrease (increase) | 609 | -€5,518,399 | -€556,285 | +€5.0m | +89.9% |
| Services and other goods | 61 | €846,053 | €1,814,238 | +€968,185 | +114% |
| Remuneration, social security and pensions | 62 | €524,420 | €715,049 | +€190,629 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,598 | €80,857 | +€35,259 | +77.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€141,604 | €92,825 | +€234,430 | |
| Other operating charges | 640/8 | €1,359 | €3,061 | +€1,702 | +125% |
| Operating profit (loss) | 9901 | €1,675,432 | €2,070,954 | +€395,522 | +23.6% |
| Financial income | 75/76B | €10,347 | €36,409 | +€26,062 | +252% |
| Recurring financial income | 75 | €10,347 | €36,409 | +€26,062 | +252% |
| Income from current assets | 751 | €3 | €20,999 | +€20,995 | +675,096% |
| Other financial income | 752/9 | €10,344 | €15,410 | +€5,066 | +49.0% |
| Financial charges | 65/66B | €135,440 | €243,296 | +€107,857 | +79.6% |
| Recurring financial charges | 65 | €135,440 | €243,296 | +€107,857 | +79.6% |
| Debt charges | 650 | €2,350 | €238,334 | +€235,984 | +10,042% |
| Other financial charges | 652/9 | €133,090 | €4,962 | -€128,127 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €1,550,339 | €1,864,066 | +€313,727 | +20.2% |
| Income taxes | 67/77 | €395,261 | €479,006 | +€83,745 | +21.2% |
| Taxes | 670/3 | €500,977 | €479,006 | -€21,971 | -4.4% |
| Tax adjustments and reversals of tax provisions | 77 | €105,716 | €0 | -€105,716 | -100% |
| Profit (loss) for the period | 9904 | €1,155,078 | €1,385,060 | +€229,982 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,155,078 | €1,385,060 | +€229,982 | +19.9% |
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 24 October 2026 via checked.be.