MAKTRANS: 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.
MAKTRANS
Largest movements
- Tangible fixed assets -€243,766
down €243,766 (-23.4%), from €1.0m to €798,529
of which Leasing and similar rights: -€237,621
- Cash -€49,951
down €49,951 (-43.0%), from €116,079 to €66,128
mainly Debts after one year (-€252,635) and Net result for the year (-€129,941)
- Deferred charges and accrued income +€34,651
up €34,651 (+1,412%), from €2,453 to €37,104
- Receivables within one year -€28,564
down €28,564 (-7.5%), from €381,009 to €352,445
of which Trade receivables: -€28,564
- Stocks and contracts -€18,696
down €18,696 (-55.6%), from €33,600 to €14,904
- Debts after one year -€252,635
down €252,635 (-33.5%), from €755,031 to €502,397
- Profit (loss) carried forward -€129,941
down €129,941, from €0 to -€129,941
- Trade debts +€82,799
up €82,799 (+146%), from €56,822 to €139,621
- Accrued charges and deferred income +€73,165
up €73,165 (+3,492%), from €2,095 to €75,260
- Current portion of long-term debt -€37,907
down €37,907 (-12.3%), from €309,362 to €271,455
- Staff costs +€108,730
up €108,730 (+10.8%), from €1.0m to €1.1m
- Gross operating margin +€52,648
up €52,648 (+3.5%), from €1.5m to €1.5m
- Depreciation +€48,296
up €48,296 (+19.5%), from €248,264 to €296,560
- Financial charges +€30,632
up €30,632 (+103%), from €29,597 to €60,229
- Other operating charges +€16,555
up €16,555 (+9.1%), from €181,700 to €198,255
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 | €1,577,398 | €1,271,071 | -€306,327 | -19.4% |
| Fixed assets | 21/28 | €1,044,256 | €800,490 | -€243,766 | -23.3% |
| Tangible fixed assets | 22/27 | €1,042,295 | €798,529 | -€243,766 | -23.4% |
| Land and buildings | 22 | €124,931 | €119,140 | -€5,791 | -4.6% |
| Plant, machinery and equipment | 23 | €9,022 | €6,042 | -€2,980 | -33.0% |
| Furniture and vehicles | 24 | €51,759 | €54,385 | +€2,626 | +5.1% |
| Leasing and similar rights | 25 | €856,583 | €618,962 | -€237,621 | -27.7% |
| Financial fixed assets | 28 | €1,961 | €1,961 | = | 0.0% |
| Current assets | 29/58 | €533,142 | €470,581 | -€62,561 | -11.7% |
| Stocks and contracts in progress | 3 | €33,600 | €14,904 | -€18,696 | -55.6% |
| Stocks | 30/36 | €33,600 | €14,904 | -€18,696 | -55.6% |
| Amounts receivable within one year | 40/41 | €381,009 | €352,445 | -€28,564 | -7.5% |
| Trade receivables | 40 | €381,009 | €352,445 | -€28,564 | -7.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €116,079 | €66,128 | -€49,951 | -43.0% |
| Deferred charges and accrued income | 490/1 | €2,453 | €37,104 | +€34,651 | +1,412% |
| Total equity and liabilities | 10/49 | €1,577,398 | €1,271,071 | -€306,327 | -19.4% |
| Equity | 10/15 | €177,796 | €47,854 | -€129,941 | -73.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159,196 | €159,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €157,336 | €157,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€129,941 | -€129,941 | |
| Amounts payable | 17/49 | €1,399,602 | €1,223,217 | -€176,386 | -12.6% |
| Amounts payable after more than one year | 17 | €755,031 | €502,397 | -€252,635 | -33.5% |
| Financial debts | 170/4 | €755,031 | €502,397 | -€252,635 | -33.5% |
| Amounts payable within one year | 42/48 | €642,476 | €645,560 | +€3,084 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €309,362 | €271,455 | -€37,907 | -12.3% |
| Trade debts | 44 | €56,822 | €139,621 | +€82,799 | +146% |
| Suppliers | 440/4 | €56,822 | €139,621 | +€82,799 | +146% |
| Advances received on contracts in progress | 46 | - | €2,904 | +€2,904 | |
| Taxes, remuneration and social security | 45 | €171,736 | €139,306 | -€32,430 | -18.9% |
| Taxes | 450/3 | €62,143 | €28,771 | -€33,372 | -53.7% |
| Remuneration and social security | 454/9 | €109,593 | €110,535 | +€943 | +0.9% |
| Other amounts payable | 47/48 | €104,557 | €92,274 | -€12,283 | -11.7% |
| Accrued charges and deferred income | 492/3 | €2,095 | €75,260 | +€73,165 | +3,492% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Remuneration, social security and pensions | 62 | €1,003,649 | €1,112,379 | +€108,730 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,264 | €296,560 | +€48,296 | +19.5% |
| Other operating charges | 640/8 | €181,700 | €198,255 | +€16,555 | +9.1% |
| Gross operating margin | 9900 | €1,485,052 | €1,537,699 | +€52,648 | +3.5% |
| Operating profit (loss) | 9901 | €51,439 | -€69,495 | -€120,934 | |
| Financial income | 75/76B | €207 | €26 | -€181 | -87.5% |
| Recurring financial income | 75 | €207 | €26 | -€181 | -87.5% |
| Financial charges | 65/66B | €29,597 | €60,229 | +€30,632 | +103% |
| Recurring financial charges | 65 | €29,597 | €60,229 | +€30,632 | +103% |
| Profit (loss) for the period before taxes | 9903 | €22,050 | -€129,698 | -€151,748 | |
| Income taxes | 67/77 | €2,238 | €243 | -€1,995 | -89.1% |
| Profit (loss) for the period | 9904 | €19,812 | -€129,941 | -€149,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,812 | -€129,941 | -€149,753 |
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 14 October 2026 via checked.be.