Menno Maakt: 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.
Menno Maakt
Largest movements
- Tangible fixed assets -€3,184
down €3,184 (-50.1%), from €6,360 to €3,176
of which Furniture and vehicles: -€3,157
- Cash -€2,835
down €2,835 (-32.2%), from €8,797 to €5,963
mainly Net result for the year (-€5,805) and Current portion of long-term debt (-€3,574)
- Receivables within one year -€2,160
down €2,160 (-15.1%), from €14,345 to €12,185
of which Other amounts receivable: -€1,526
- Deferred charges and accrued income -€378
no longer reported in 2025 (was €378)
- Profit (loss) carried forward -€5,805
down €5,805, from €1,486 to -€4,319
- Current portion of long-term debt -€3,574
no longer reported in 2025 (was €3,574)
- Other debts +€2,700
up €2,700 (+14.6%), from €18,529 to €21,229
- Trade debts -€1,674
down €1,674 (-78.7%), from €2,128 to €453
- Gross operating margin -€20,401
down €20,401, from €20,375 to -€27
- Write-downs -€11,250
no longer reported in 2025 (was €11,250)
- Financial charges -€685
down €685 (-33.8%), from €2,027 to €1,342
- Taxes -€682
down €682 (-70.8%), from €963 to €282
- Other operating charges -€273
down €273 (-21.6%), from €1,259 to €987
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 | €30,630 | €22,074 | -€8,556 | -27.9% |
| Fixed assets | 21/28 | €7,110 | €3,926 | -€3,184 | -44.8% |
| Tangible fixed assets | 22/27 | €6,360 | €3,176 | -€3,184 | -50.1% |
| Plant, machinery and equipment | 23 | €26 | €0 | -€26 | -100% |
| Furniture and vehicles | 24 | €6,334 | €3,176 | -€3,157 | -49.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €23,520 | €18,148 | -€5,372 | -22.8% |
| Amounts receivable within one year | 40/41 | €14,345 | €12,185 | -€2,160 | -15.1% |
| Trade receivables | 40 | €6,978 | €6,345 | -€633 | -9.1% |
| Other amounts receivable | 41 | €7,367 | €5,841 | -€1,526 | -20.7% |
| Cash at bank and in hand | 54/58 | €8,797 | €5,963 | -€2,835 | -32.2% |
| Deferred charges and accrued income | 490/1 | €378 | - | -€378 | |
| Total equity and liabilities | 10/49 | €30,630 | €22,074 | -€8,556 | -27.9% |
| Equity | 10/15 | €4,486 | -€1,319 | -€5,805 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,486 | -€4,319 | -€5,805 | |
| Amounts payable | 17/49 | €26,144 | €23,394 | -€2,751 | -10.5% |
| Amounts payable within one year | 42/48 | €26,082 | €23,394 | -€2,688 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €3,574 | - | -€3,574 | |
| Trade debts | 44 | €2,128 | €453 | -€1,674 | -78.7% |
| Suppliers | 440/4 | €2,128 | €453 | -€1,674 | -78.7% |
| Taxes, remuneration and social security | 45 | €1,851 | €1,712 | -€140 | -7.5% |
| Taxes | 450/3 | €1,851 | €1,712 | -€140 | -7.5% |
| Other amounts payable | 47/48 | €18,529 | €21,229 | +€2,700 | +14.6% |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €3,184 | -€237 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,250 | - | -€11,250 | |
| Other operating charges | 640/8 | €1,259 | €987 | -€273 | -21.6% |
| Gross operating margin | 9900 | €20,375 | -€27 | -€20,401 | |
| Operating profit (loss) | 9901 | €4,445 | -€4,197 | -€8,642 | |
| Financial income | 75/76B | €31 | €15 | -€16 | -50.9% |
| Recurring financial income | 75 | €31 | €15 | -€16 | -50.9% |
| Financial charges | 65/66B | €2,027 | €1,342 | -€685 | -33.8% |
| Recurring financial charges | 65 | €2,027 | €1,342 | -€685 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €2,449 | -€5,523 | -€7,972 | |
| Income taxes | 67/77 | €963 | €282 | -€682 | -70.8% |
| Profit (loss) for the period | 9904 | €1,486 | -€5,805 | -€7,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,486 | -€5,805 | -€7,291 |
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 29 October 2026 via checked.be.