MAKYS: 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.
MAKYS
Largest movements
- Cash -€20,733
down €20,733 (-39.4%), from €52,683 to €31,950
mainly Tax, wage and social debts (-€25,175) and Receivables within one year (-€6,184)
- Receivables within one year +€6,184
up €6,184 (+27.5%), from €22,514 to €28,697
of which Trade receivables: +€5,554
- Tangible fixed assets +€3,507
up €3,507 (+1.5%), from €241,810 to €245,318
of which Plant, machinery and equipment: +€4,029
- Tax, wage and social debts -€25,175
down €25,175 (-92.0%), from €27,362 to €2,187
- Profit (loss) carried forward +€8,056
up €8,056 (+3.7%), from €218,105 to €226,161
- Trade debts +€6,277
up €6,277 (+70.5%), from €8,899 to €15,175
- Gross operating margin -€26,443
down €26,443 (-68.2%), from €38,776 to €12,333
- Taxes -€5,557
down €5,557 (-71.8%), from €7,744 to €2,187
- Depreciation +€946
up €946 (+181.3%), from €522 to €1,468
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 | €317,007 | €305,965 | -€11,042 | -3.5% |
| Fixed assets | 21/28 | €241,810 | €245,318 | +€3,507 | +1.5% |
| Tangible fixed assets | 22/27 | €241,810 | €245,318 | +€3,507 | +1.5% |
| Land and buildings | 22 | €240,766 | €240,766 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €4,029 | +€4,029 | |
| Furniture and vehicles | 24 | €1,044 | €522 | -€522 | -50.0% |
| Current assets | 29/58 | €75,197 | €60,647 | -€14,550 | -19.3% |
| Amounts receivable within one year | 40/41 | €22,514 | €28,697 | +€6,184 | +27.5% |
| Trade receivables | 40 | €20,377 | €25,931 | +€5,554 | +27.3% |
| Other amounts receivable | 41 | €2,136 | €2,766 | +€630 | +29.5% |
| Cash at bank and in hand | 54/58 | €52,683 | €31,950 | -€20,733 | -39.4% |
| Total equity and liabilities | 10/49 | €317,007 | €305,965 | -€11,042 | -3.5% |
| Equity | 10/15 | €268,105 | €276,161 | +€8,056 | +3.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,105 | €226,161 | +€8,056 | +3.7% |
| Amounts payable | 17/49 | €48,903 | €29,804 | -€19,099 | -39.1% |
| Amounts payable within one year | 42/48 | €48,903 | €29,804 | -€19,099 | -39.1% |
| Trade debts | 44 | €8,899 | €15,175 | +€6,277 | +70.5% |
| Suppliers | 440/4 | €8,899 | €15,175 | +€6,277 | +70.5% |
| Taxes, remuneration and social security | 45 | €27,362 | €2,187 | -€25,175 | -92.0% |
| Taxes | 450/3 | €27,362 | €2,187 | -€25,175 | -92.0% |
| Other amounts payable | 47/48 | €12,642 | €12,441 | -€200 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €1,468 | +€946 | +181.3% |
| Other operating charges | 640/8 | €391 | €400 | +€9 | +2.2% |
| Gross operating margin | 9900 | €38,776 | €12,333 | -€26,443 | -68.2% |
| Operating profit (loss) | 9901 | €37,864 | €10,466 | -€27,398 | -72.4% |
| Financial charges | 65/66B | €142 | €222 | +€80 | +56.3% |
| Recurring financial charges | 65 | €142 | €222 | +€80 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €37,721 | €10,243 | -€27,478 | -72.8% |
| Income taxes | 67/77 | €7,744 | €2,187 | -€5,557 | -71.8% |
| Profit (loss) for the period | 9904 | €29,977 | €8,056 | -€21,921 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,977 | €8,056 | -€21,921 | -73.1% |
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 8 October 2026 via checked.be.