Miss MAKI: what changed
Miss MAKI
Largest movements
- Cash +€56,035
up €56,035 (+68.0%), from €82,348 to €138,383
mainly Net result for the year (+€43,823) and Trade debts (+€39,053)
- Receivables within one year +€24,575
up €24,575 (+52.5%), from €46,816 to €71,391
- Tangible fixed assets +€12,684
up €12,684 (+40.5%), from €31,357 to €44,041
of which Other tangible fixed assets: +€10,304
- Stocks and contracts +€9,958
up €9,958 (+237%), from €4,209 to €14,167
- Reserves +€43,824
up €43,824 (+130%), from €33,714 to €77,538
- Trade debts +€39,053
up €39,053 (+107%), from €36,356 to €75,409
- Tax, wage and social debts +€21,618
up €21,618 (+44.3%), from €48,749 to €70,367
of which Taxes: +€14,147
- Gross operating margin +€80,371
up €80,371 (+30.0%), from €268,096 to €348,467
- Taxes +€27,383
up €27,383 (+276%), from €9,905 to €37,288
- Staff costs +€19,244
up €19,244 (+8.8%), from €218,347 to €237,591
- Financial charges +€4,048
up €4,048 (+247%), from €1,636 to €5,684
- Financial income +€3,903
up €3,903 (+328%), from €1,189 to €5,092
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,547 | €274,182 | +€102,635 | +59.8% |
| Fixed assets | 21/28 | €37,557 | €50,241 | +€12,684 | +33.8% |
| Tangible fixed assets | 22/27 | €31,357 | €44,041 | +€12,684 | +40.5% |
| Plant, machinery and equipment | 23 | €6,471 | €9,174 | +€2,703 | +41.8% |
| Furniture and vehicles | 24 | €4,673 | €4,350 | -€323 | -6.9% |
| Other tangible fixed assets | 26 | €20,213 | €30,517 | +€10,304 | +51.0% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €133,990 | €223,941 | +€89,951 | +67.1% |
| Stocks and contracts in progress | 3 | €4,209 | €14,167 | +€9,958 | +237% |
| Stocks | 30/36 | €4,209 | €14,167 | +€9,958 | +237% |
| Amounts receivable within one year | 40/41 | €46,816 | €71,391 | +€24,575 | +52.5% |
| Other amounts receivable | 41 | €46,816 | €71,391 | +€24,575 | +52.5% |
| Cash at bank and in hand | 54/58 | €82,348 | €138,383 | +€56,035 | +68.0% |
| Deferred charges and accrued income | 490/1 | €617 | - | -€617 | |
| Total equity and liabilities | 10/49 | €171,547 | €274,182 | +€102,635 | +59.8% |
| Equity | 10/15 | €84,582 | €128,405 | +€43,823 | +51.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,714 | €77,538 | +€43,824 | +130% |
| Distributable reserves | 133 | €33,714 | €77,538 | +€43,824 | +130% |
| Profit (loss) carried forward | 14 | €38,468 | €38,467 | -€1 | 0.0% |
| Amounts payable | 17/49 | €86,965 | €145,777 | +€58,812 | +67.6% |
| Amounts payable within one year | 42/48 | €86,965 | €145,776 | +€58,811 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €1,860 | - | -€1,860 | |
| Trade debts | 44 | €36,356 | €75,409 | +€39,053 | +107% |
| Suppliers | 440/4 | €36,356 | €75,409 | +€39,053 | +107% |
| Taxes, remuneration and social security | 45 | €48,749 | €70,367 | +€21,618 | +44.3% |
| Taxes | 450/3 | €35,430 | €49,577 | +€14,147 | +39.9% |
| Remuneration and social security | 454/9 | €13,319 | €20,790 | +€7,471 | +56.1% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €218,347 | €237,591 | +€19,244 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,089 | €15,715 | +€626 | +4.1% |
| Other operating charges | 640/8 | €10,761 | €13,458 | +€2,697 | +25.1% |
| Non-recurring operating charges | 66A | €8,805 | - | -€8,805 | |
| Gross operating margin | 9900 | €268,096 | €348,467 | +€80,371 | +30.0% |
| Operating profit (loss) | 9901 | €15,094 | €81,703 | +€66,609 | +441% |
| Financial income | 75/76B | €1,189 | €5,092 | +€3,903 | +328% |
| Recurring financial income | 75 | €1,189 | €5,092 | +€3,903 | +328% |
| Financial charges | 65/66B | €1,636 | €5,684 | +€4,048 | +247% |
| Recurring financial charges | 65 | €1,636 | €5,684 | +€4,048 | +247% |
| Profit (loss) for the period before taxes | 9903 | €14,647 | €81,111 | +€66,464 | +454% |
| Income taxes | 67/77 | €9,905 | €37,288 | +€27,383 | +276% |
| Profit (loss) for the period | 9904 | €4,742 | €43,823 | +€39,081 | +824% |
| Profit (loss) for the period to be appropriated | 9905 | €4,742 | €43,823 | +€39,081 | +824% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.