M.K.: 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.
M.K.
Largest movements
- Cash +€13,787
up €13,787 (+57.6%), from €23,956 to €37,743
mainly Depreciation (+€6,517) and Other debts (+€5,987)
- Tangible fixed assets -€5,573
down €5,573 (-25.3%), from €22,053 to €16,480
- Receivables within one year +€1,525
up €1,525 (+68.1%), from €2,241 to €3,766
of which Trade receivables: +€1,084
- Other debts +€5,987
up €5,987 (+22.0%), from €27,246 to €33,233
- Trade debts +€2,847
new in 2025: €2,847
- Profit (loss) carried forward +€905
up €905 (+7.2%), from €12,587 to €13,492
- Purchases and services -€11,356
down €11,356 (-38.6%), from €29,429 to €18,073
- Turnover -€9,929
down €9,929 (-26.6%), from €37,388 to €27,459
- Other operating charges +€1,847
up €1,847 (+3,185%), from €58 to €1,905
- Gross operating margin +€1,427
up €1,427 (+17.9%), from €7,959 to €9,386
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 | €68,250 | €77,989 | +€9,739 | +14.3% |
| Fixed assets | 21/28 | €42,053 | €36,480 | -€5,573 | -13.3% |
| Intangible fixed assets | 21 | €20,000 | €20,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €22,053 | €16,480 | -€5,573 | -25.3% |
| Furniture and vehicles | 24 | €22,053 | €16,480 | -€5,573 | -25.3% |
| Current assets | 29/58 | €26,197 | €41,510 | +€15,312 | +58.4% |
| Amounts receivable within one year | 40/41 | €2,241 | €3,766 | +€1,525 | +68.1% |
| Trade receivables | 40 | €1,561 | €2,645 | +€1,084 | +69.5% |
| Other amounts receivable | 41 | €681 | €1,122 | +€441 | +64.8% |
| Cash at bank and in hand | 54/58 | €23,956 | €37,743 | +€13,787 | +57.6% |
| Total equity and liabilities | 10/49 | €68,250 | €77,989 | +€9,739 | +14.3% |
| Equity | 10/15 | €31,179 | €32,084 | +€905 | +2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,587 | €13,492 | +€905 | +7.2% |
| Amounts payable | 17/49 | €37,071 | €45,905 | +€8,834 | +23.8% |
| Amounts payable within one year | 42/48 | €37,071 | €45,905 | +€8,834 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €9,825 | €9,825 | = | 0.0% |
| Trade debts | 44 | - | €2,847 | +€2,847 | |
| Suppliers | 440/4 | - | €2,847 | +€2,847 | |
| Other amounts payable | 47/48 | €27,246 | €33,233 | +€5,987 | +22.0% |
| Turnover | 70 | €37,388 | €27,459 | -€9,929 | -26.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,429 | €18,073 | -€11,356 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,517 | €6,517 | = | 0.0% |
| Other operating charges | 640/8 | €58 | €1,905 | +€1,847 | +3,185% |
| Non-recurring operating charges | 66A | €67 | - | -€67 | |
| Gross operating margin | 9900 | €7,959 | €9,386 | +€1,427 | +17.9% |
| Operating profit (loss) | 9901 | €1,317 | €963 | -€354 | -26.9% |
| Financial charges | 65/66B | €56 | €58 | +€2 | +3.2% |
| Recurring financial charges | 65 | €56 | €58 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €1,261 | €905 | -€356 | -28.2% |
| Profit (loss) for the period | 9904 | €1,261 | €905 | -€356 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,261 | €905 | -€356 | -28.2% |
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 19 October 2026 via checked.be.