Dr. MKM: 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.
Dr. MKM
Largest movements
- Deferred charges and accrued income -€47,105
down €47,105 (-99.5%), from €47,337 to €232
- Tangible fixed assets +€22,575
up €22,575 (+3.8%), from €590,193 to €612,768
of which Land and buildings: +€41,457
- Receivables within one year +€15,590
up €15,590 (+226.6%), from €6,881 to €22,471
of which Other amounts receivable: +€15,590
- Intangible fixed assets -€9,827
down €9,827 (-27.3%), from €36,062 to €26,235
- Trade debts +€73,773
new in 2025: €73,773
- Current portion of long-term debt -€67,777
down €67,777 (-68.9%), from €98,363 to €30,586
- Debts after one year -€13,971
down €13,971 (-3.3%), from €424,784 to €410,812
- Tax, wage and social debts -€10,344
down €10,344 (-49.4%), from €20,920 to €10,577
of which Taxes: -€8,293
- Gross operating margin -€149,209
down €149,209 (-50.6%), from €295,032 to €145,823
- Depreciation +€10,598
up €10,598 (+24.3%), from €43,548 to €54,145
- Taxes -€9,315
down €9,315 (-26.6%), from €35,009 to €25,694
- Staff costs -€9,083
down €9,083 (-15.0%), from €60,393 to €51,310
- Financial charges -€4,627
down €4,627 (-37.5%), from €12,355 to €7,727
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 | €807,354 | €789,467 | -€17,887 | -2.2% |
| Fixed assets | 21/28 | €628,136 | €640,883 | +€12,748 | +2.0% |
| Intangible fixed assets | 21 | €36,062 | €26,235 | -€9,827 | -27.3% |
| Tangible fixed assets | 22/27 | €590,193 | €612,768 | +€22,575 | +3.8% |
| Land and buildings | 22 | €434,515 | €475,971 | +€41,457 | +9.5% |
| Plant, machinery and equipment | 23 | €72,783 | €69,493 | -€3,290 | -4.5% |
| Furniture and vehicles | 24 | €76,835 | €64,016 | -€12,819 | -16.7% |
| Leasing and similar rights | 25 | €454 | €182 | -€272 | -60.0% |
| Other tangible fixed assets | 26 | €5,607 | €3,107 | -€2,500 | -44.6% |
| Financial fixed assets | 28 | €1,880 | €1,880 | = | 0.0% |
| Current assets | 29/58 | €179,218 | €148,583 | -€30,635 | -17.1% |
| Amounts receivable within one year | 40/41 | €6,881 | €22,471 | +€15,590 | +226.6% |
| Trade receivables | 40 | €2,471 | €2,471 | = | 0.0% |
| Other amounts receivable | 41 | €4,410 | €20,000 | +€15,590 | +353.5% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,000 | €105,881 | +€881 | +0.8% |
| Deferred charges and accrued income | 490/1 | €47,337 | €232 | -€47,105 | -99.5% |
| Total equity and liabilities | 10/49 | €807,354 | €789,467 | -€17,887 | -2.2% |
| Equity | 10/15 | €256,708 | €263,718 | +€7,010 | +2.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,308 | €251,318 | +€7,010 | +2.9% |
| Amounts payable | 17/49 | €550,646 | €525,749 | -€24,897 | -4.5% |
| Amounts payable after more than one year | 17 | €424,784 | €410,812 | -€13,971 | -3.3% |
| Financial debts | 170/4 | €424,784 | €410,812 | -€13,971 | -3.3% |
| Amounts payable within one year | 42/48 | €125,862 | €114,936 | -€10,926 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €98,363 | €30,586 | -€67,777 | -68.9% |
| Financial debts | 43 | €6,579 | - | -€6,579 | |
| Credit institutions | 430/8 | €6,579 | - | -€6,579 | |
| Trade debts | 44 | - | €73,773 | +€73,773 | |
| Suppliers | 440/4 | - | €73,773 | +€73,773 | |
| Taxes, remuneration and social security | 45 | €20,920 | €10,577 | -€10,344 | -49.4% |
| Taxes | 450/3 | €11,573 | €3,279 | -€8,293 | -71.7% |
| Remuneration and social security | 454/9 | €9,348 | €7,297 | -€2,050 | -21.9% |
| Remuneration, social security and pensions | 62 | €60,393 | €51,310 | -€9,083 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,548 | €54,145 | +€10,598 | +24.3% |
| Other operating charges | 640/8 | €232 | €1,039 | +€807 | +347.9% |
| Gross operating margin | 9900 | €295,032 | €145,823 | -€149,209 | -50.6% |
| Operating profit (loss) | 9901 | €190,860 | €39,328 | -€151,532 | -79.4% |
| Financial income | 75/76B | €30 | €1,104 | +€1,074 | +3622.4% |
| Recurring financial income | 75 | €30 | €1,104 | +€1,074 | +3622.4% |
| Non-recurring financial income | 76B | €30 | €1,104 | +€1,074 | +3622.4% |
| Financial charges | 65/66B | €12,355 | €7,727 | -€4,627 | -37.5% |
| Recurring financial charges | 65 | €12,355 | €7,727 | -€4,627 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €178,535 | €32,704 | -€145,830 | -81.7% |
| Income taxes | 67/77 | €35,009 | €25,694 | -€9,315 | -26.6% |
| Profit (loss) for the period | 9904 | €143,526 | €7,010 | -€136,515 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,526 | €7,010 | -€136,515 | -95.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.