MakR: 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.
MakR
Largest movements
- Cash +€63,011
up €63,011 (+282.0%), from €22,346 to €85,356
mainly Net result for the year (+€67,834) and Tax, wage and social debts (+€12,574)
- Receivables within one year +€16,701
up €16,701 (+131.5%), from €12,705 to €29,406
of which Other amounts receivable: +€16,701
- Tangible fixed assets +€1,578
up €1,578 (+94.7%), from €1,666 to €3,244
- Reserves +€67,834
up €67,834 (+291.7%), from €23,253 to €91,087
- Tax, wage and social debts +€12,574
up €12,574 (+115.5%), from €10,882 to €23,456
of which Taxes: +€10,574
- Gross operating margin +€56,317
up €56,317 (+187.5%), from €30,039 to €86,357
- Taxes +€11,350
up €11,350 (+192.9%), from €5,883 to €17,233
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.
Cash bridge derived
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 | €39,165 | €119,543 | +€80,378 | +205.2% |
| Formation expenses | 20 | €959 | €0 | -€959 | -100.0% |
| Fixed assets | 21/28 | €1,666 | €3,244 | +€1,578 | +94.7% |
| Tangible fixed assets | 22/27 | €1,666 | €3,244 | +€1,578 | +94.7% |
| Furniture and vehicles | 24 | €1,666 | €3,244 | +€1,578 | +94.7% |
| Current assets | 29/58 | €36,540 | €116,299 | +€79,759 | +218.3% |
| Amounts receivable within one year | 40/41 | €12,705 | €29,406 | +€16,701 | +131.5% |
| Trade receivables | 40 | €12,705 | €12,705 | = | 0.0% |
| Other amounts receivable | 41 | - | €16,701 | +€16,701 | |
| Cash at bank and in hand | 54/58 | €22,346 | €85,356 | +€63,011 | +282.0% |
| Deferred charges and accrued income | 490/1 | €1,489 | €1,536 | +€47 | +3.1% |
| Total equity and liabilities | 10/49 | €39,165 | €119,543 | +€80,378 | +205.2% |
| Equity | 10/15 | €28,253 | €96,087 | +€67,834 | +240.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,253 | €91,087 | +€67,834 | +291.7% |
| Distributable reserves | 133 | €23,253 | €91,087 | +€67,834 | +291.7% |
| Amounts payable | 17/49 | €10,912 | €23,456 | +€12,544 | +115.0% |
| Amounts payable within one year | 42/48 | €10,912 | €23,456 | +€12,544 | +115.0% |
| Taxes, remuneration and social security | 45 | €10,882 | €23,456 | +€12,574 | +115.5% |
| Taxes | 450/3 | €10,882 | €21,456 | +€10,574 | +97.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €30 | €0 | -€30 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €1,538 | +€634 | +70.2% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €30,039 | €86,357 | +€56,317 | +187.5% |
| Operating profit (loss) | 9901 | €29,136 | €84,691 | +€55,555 | +190.7% |
| Financial income | 75/76B | - | €453 | +€453 | |
| Recurring financial income | 75 | - | €453 | +€453 | |
| Financial charges | 65/66B | €0 | €76 | +€76 | +381350.0% |
| Recurring financial charges | 65 | €0 | €76 | +€76 | +381350.0% |
| Profit (loss) for the period before taxes | 9903 | €29,136 | €85,067 | +€55,932 | +192.0% |
| Income taxes | 67/77 | €5,883 | €17,233 | +€11,350 | +192.9% |
| Profit (loss) for the period | 9904 | €23,253 | €67,834 | +€44,581 | +191.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,253 | €67,834 | +€44,581 | +191.7% |
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 11 October 2026 via checked.be.