MAKTUB: 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.
MAKTUB
Largest movements
- Receivables within one year -€2,593
down €2,593 (-46.4%), from €5,593 to €2,999
of which Other amounts receivable: -€1,731
- Cash -€590
down €590 (-62.8%), from €940 to €350
mainly Net result for the year (-€4,668) and Tax, wage and social debts (-€827)
- Profit (loss) carried forward -€4,203
new in 2025: -€4,203
- Trade debts +€2,311
up €2,311 (+2,053%), from €113 to €2,424
- Tax, wage and social debts -€827
down €827 (-86.5%), from €956 to €129
- Reserves -€465
no longer reported in 2025 (was €465)
- Gross operating margin -€1,136
down €1,136 (-42.6%), from -€2,670 to -€3,807
- Financial charges +€413
up €413 (+338%), from €122 to €535
- Other operating charges +€400
up €400 (+645%), from €62 to €462
- Financial income -€349
down €349 (-72.0%), from €484 to €135
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 | €6,533 | €3,349 | -€3,184 | -48.7% |
| Current assets | 29/58 | €6,533 | €3,349 | -€3,184 | -48.7% |
| Amounts receivable within one year | 40/41 | €5,593 | €2,999 | -€2,593 | -46.4% |
| Trade receivables | 40 | €2,228 | €1,365 | -€862 | -38.7% |
| Other amounts receivable | 41 | €3,365 | €1,634 | -€1,731 | -51.4% |
| Cash at bank and in hand | 54/58 | €940 | €350 | -€590 | -62.8% |
| Total equity and liabilities | 10/49 | €6,533 | €3,349 | -€3,184 | -48.7% |
| Equity | 10/15 | €5,465 | €797 | -€4,668 | -85.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €465 | - | -€465 | |
| Distributable reserves | 133 | €465 | - | -€465 | |
| Profit (loss) carried forward | 14 | - | -€4,203 | -€4,203 | |
| Amounts payable | 17/49 | €1,068 | €2,552 | +€1,484 | +139% |
| Amounts payable within one year | 42/48 | €1,068 | €2,552 | +€1,484 | +139% |
| Trade debts | 44 | €113 | €2,424 | +€2,311 | +2,053% |
| Suppliers | 440/4 | €113 | €2,424 | +€2,311 | +2,053% |
| Taxes, remuneration and social security | 45 | €956 | €129 | -€827 | -86.5% |
| Taxes | 450/3 | €956 | €129 | -€827 | -86.5% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +645% |
| Gross operating margin | 9900 | -€2,670 | -€3,807 | -€1,136 | -42.6% |
| Operating profit (loss) | 9901 | -€2,732 | -€4,268 | -€1,536 | -56.2% |
| Financial income | 75/76B | €484 | €135 | -€349 | -72.0% |
| Recurring financial income | 75 | €484 | €135 | -€349 | -72.0% |
| Financial charges | 65/66B | €122 | €535 | +€413 | +338% |
| Recurring financial charges | 65 | €122 | €535 | +€413 | +338% |
| Profit (loss) for the period before taxes | 9903 | -€2,371 | -€4,668 | -€2,297 | -96.9% |
| Profit (loss) for the period | 9904 | -€2,371 | -€4,668 | -€2,297 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,371 | -€4,668 | -€2,297 | -96.9% |
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 26 October 2026 via checked.be.