MAKTABI EXPRESS: what changed
Two fiscal 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.
MAKTABI EXPRESS
Largest movements
- Tangible fixed assets +€31,084
up €31,084 (+54.2%), from €57,367 to €88,451
of which Furniture and vehicles: +€25,376
- Receivables within one year -€7,371
down €7,371 (-32.8%), from €22,460 to €15,089
of which Trade receivables: -€5,935
- Cash +€1,675
up €1,675 (+1116.7%), from €150 to €1,826
mainly Other debts (+€75,584) and Depreciation (+€33,499)
- Other debts +€75,584
up €75,584 (+117.8%), from €64,187 to €139,771
- Profit (loss) carried forward -€38,730
down €38,730 (-219.6%), from -€17,635 to -€56,365
- Trade debts -€12,270
down €12,270 (-39.0%), from €31,434 to €19,164
- Turnover -€26,494
down €26,494 (-18.2%), from €145,620 to €119,127
- Purchases and services -€21,768
down €21,768 (-15.5%), from €140,342 to €118,574
- Depreciation +€13,219
up €13,219 (+65.2%), from €20,280 to €33,499
- Gross operating margin -€6,364
down €6,364 (-55.0%), from €11,561 to €5,198
- Other operating charges +€1,989
up €1,989 (+25.8%), from €7,716 to €9,705
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 | €79,977 | €105,366 | +€25,388 | +31.7% |
| Fixed assets | 21/28 | €57,367 | €88,451 | +€31,084 | +54.2% |
| Tangible fixed assets | 22/27 | €57,367 | €88,451 | +€31,084 | +54.2% |
| Plant, machinery and equipment | 23 | - | €5,708 | +€5,708 | |
| Furniture and vehicles | 24 | €57,367 | €82,743 | +€25,376 | +44.2% |
| Current assets | 29/58 | €22,610 | €16,914 | -€5,696 | -25.2% |
| Amounts receivable within one year | 40/41 | €22,460 | €15,089 | -€7,371 | -32.8% |
| Trade receivables | 40 | €20,250 | €14,315 | -€5,935 | -29.3% |
| Other amounts receivable | 41 | €2,210 | €774 | -€1,436 | -65.0% |
| Cash at bank and in hand | 54/58 | €150 | €1,826 | +€1,675 | +1116.7% |
| Total equity and liabilities | 10/49 | €79,977 | €105,366 | +€25,388 | +31.7% |
| Equity | 10/15 | -€17,635 | -€56,365 | -€38,730 | -219.6% |
| Profit (loss) carried forward | 14 | -€17,635 | -€56,365 | -€38,730 | -219.6% |
| Amounts payable | 17/49 | €97,613 | €161,731 | +€64,118 | +65.7% |
| Amounts payable within one year | 42/48 | €97,613 | €161,731 | +€64,118 | +65.7% |
| Trade debts | 44 | €31,434 | €19,164 | -€12,270 | -39.0% |
| Suppliers | 440/4 | €31,434 | €19,164 | -€12,270 | -39.0% |
| Taxes, remuneration and social security | 45 | €1,991 | €2,795 | +€804 | +40.4% |
| Taxes | 450/3 | €1,991 | €2,795 | +€804 | +40.4% |
| Other amounts payable | 47/48 | €64,187 | €139,771 | +€75,584 | +117.8% |
| Turnover | 70 | €145,620 | €119,127 | -€26,494 | -18.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,342 | €118,574 | -€21,768 | -15.5% |
| Remuneration, social security and pensions | 62 | €1,099 | €706 | -€393 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,280 | €33,499 | +€13,219 | +65.2% |
| Other operating charges | 640/8 | €7,716 | €9,705 | +€1,989 | +25.8% |
| Gross operating margin | 9900 | €11,561 | €5,198 | -€6,364 | -55.0% |
| Operating profit (loss) | 9901 | -€17,533 | -€38,713 | -€21,179 | -120.8% |
| Financial income | 75/76B | €0 | €33 | +€33 | +333700.0% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +333700.0% |
| Financial charges | 65/66B | €102 | €50 | -€52 | -50.8% |
| Recurring financial charges | 65 | €102 | €50 | -€52 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,635 | -€38,730 | -€21,094 | -119.6% |
| Profit (loss) for the period | 9904 | -€17,635 | -€38,730 | -€21,094 | -119.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,635 | -€38,730 | -€21,094 | -119.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.