Dr. Philippe Van Camp - MKA: 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. Philippe Van Camp - MKA
Largest movements
- Cash -€433,636
down €433,636 (-55.8%), from €777,672 to €344,036
mainly Contributions, distributions and other (-€1.0m) and Receivables within one year (-€8,952)
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Reserves -€512,700
down €512,700 (-49.6%), from €1.0m to €521,500
- Tax, wage and social debts +€30,362
up €30,362 (+41.8%), from €72,579 to €102,941
of which Taxes: +€28,147
- Gross operating margin +€95,629
up €95,629 (+15.8%), from €604,910 to €700,539
- Taxes +€30,856
up €30,856 (+21.0%), from €147,065 to €177,921
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 | €1,111,890 | €631,349 | -€480,542 | -43.2% |
| Current assets | 29/58 | €1,111,890 | €631,349 | -€480,542 | -43.2% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €262 | €9,214 | +€8,952 | +3,413% |
| Trade receivables | 40 | €262 | €2,801 | +€2,539 | +968% |
| Other amounts receivable | 41 | - | €6,413 | +€6,413 | |
| Cash at bank and in hand | 54/58 | €777,672 | €344,036 | -€433,636 | -55.8% |
| Deferred charges and accrued income | 490/1 | €283,956 | €278,099 | -€5,858 | -2.1% |
| Total equity and liabilities | 10/49 | €1,111,890 | €631,349 | -€480,542 | -43.2% |
| Equity | 10/15 | €1,039,217 | €526,517 | -€512,701 | -49.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,034,200 | €521,500 | -€512,700 | -49.6% |
| Distributable reserves | 133 | €1,034,200 | €521,500 | -€512,700 | -49.6% |
| Profit (loss) carried forward | 14 | €17 | €17 | -€1 | -4.0% |
| Amounts payable | 17/49 | €72,673 | €104,832 | +€32,159 | +44.3% |
| Amounts payable within one year | 42/48 | €72,673 | €104,832 | +€32,159 | +44.3% |
| Taxes, remuneration and social security | 45 | €72,579 | €102,941 | +€30,362 | +41.8% |
| Taxes | 450/3 | €72,579 | €100,725 | +€28,147 | +38.8% |
| Remuneration and social security | 454/9 | - | €2,215 | +€2,215 | |
| Other amounts payable | 47/48 | €94 | €1,891 | +€1,797 | +1,905% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | - | -€450 | |
| Other operating charges | 640/8 | €795 | €816 | +€21 | +2.7% |
| Gross operating margin | 9900 | €604,910 | €700,539 | +€95,629 | +15.8% |
| Operating profit (loss) | 9901 | €603,665 | €699,723 | +€96,058 | +15.9% |
| Financial income | 75/76B | €8 | €5 | -€3 | -34.6% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -34.6% |
| Financial charges | 65/66B | €275 | €308 | +€32 | +11.7% |
| Recurring financial charges | 65 | €275 | €308 | +€32 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €603,397 | €699,420 | +€96,023 | +15.9% |
| Income taxes | 67/77 | €147,065 | €177,921 | +€30,856 | +21.0% |
| Profit (loss) for the period | 9904 | €456,332 | €521,499 | +€65,167 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €456,332 | €521,499 | +€65,167 | +14.3% |
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 31 October 2026 via checked.be.