M&K Management: 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 Management
Largest movements
- Receivables within one year +€8,209
up €8,209 (+30.6%), from €26,791 to €35,000
of which Trade receivables: +€8,504
- Current portion of long-term debt -€45,640
down €45,640 (-83.2%), from €54,852 to €9,212
- Trade debts +€33,734
up €33,734 (+392%), from €8,616 to €42,350
- Profit (loss) carried forward +€27,637
up €27,637 (+11.1%), from €249,257 to €276,894
- Debts after one year -€9,212
no longer reported in 2025 (was €9,212)
- Financial income -€49,225
down €49,225 (-67.2%), from €73,225 to €24,000
- Gross operating margin -€18,639
down €18,639 (-77.0%), from €24,213 to €5,574
- Taxes -€4,602
down €4,602 (-82.3%), from €5,590 to €987
- Financial charges -€785
down €785 (-53.0%), from €1,482 to €697
- Other operating charges -€282
down €282 (-52.7%), from €534 to €253
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 | €473,755 | €480,626 | +€6,871 | +1.5% |
| Fixed assets | 21/28 | €420,000 | €420,000 | = | 0.0% |
| Financial fixed assets | 28 | €420,000 | €420,000 | = | 0.0% |
| Current assets | 29/58 | €53,755 | €60,626 | +€6,871 | +12.8% |
| Amounts receivable within one year | 40/41 | €26,791 | €35,000 | +€8,209 | +30.6% |
| Trade receivables | 40 | €26,496 | €35,000 | +€8,504 | +32.1% |
| Other amounts receivable | 41 | €295 | - | -€295 | |
| Cash at bank and in hand | 54/58 | €26,964 | €25,626 | -€1,338 | -5.0% |
| Total equity and liabilities | 10/49 | €473,755 | €480,626 | +€6,871 | +1.5% |
| Equity | 10/15 | €287,857 | €315,494 | +€27,637 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,257 | €276,894 | +€27,637 | +11.1% |
| Amounts payable | 17/49 | €185,899 | €165,132 | -€20,766 | -11.2% |
| Amounts payable after more than one year | 17 | €9,212 | - | -€9,212 | |
| Financial debts | 170/4 | €9,212 | - | -€9,212 | |
| Amounts payable within one year | 42/48 | €176,686 | €165,132 | -€11,554 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €54,852 | €9,212 | -€45,640 | -83.2% |
| Trade debts | 44 | €8,616 | €42,350 | +€33,734 | +392% |
| Suppliers | 440/4 | €8,616 | €42,350 | +€33,734 | +392% |
| Taxes, remuneration and social security | 45 | €6,590 | €8,173 | +€1,583 | +24.0% |
| Taxes | 450/3 | €5,590 | €8,173 | +€2,583 | +46.2% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €106,629 | €105,397 | -€1,231 | -1.2% |
| Non-recurring operating income | 76A | €21,937 | - | -€21,937 | |
| Other operating charges | 640/8 | €534 | €253 | -€282 | -52.7% |
| Gross operating margin | 9900 | €24,213 | €5,574 | -€18,639 | -77.0% |
| Operating profit (loss) | 9901 | €23,679 | €5,321 | -€18,357 | -77.5% |
| Financial income | 75/76B | €73,225 | €24,000 | -€49,225 | -67.2% |
| Recurring financial income | 75 | €73,225 | €24,000 | -€49,225 | -67.2% |
| Financial charges | 65/66B | €1,482 | €697 | -€785 | -53.0% |
| Recurring financial charges | 65 | €1,482 | €697 | -€785 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €95,421 | €28,624 | -€66,797 | -70.0% |
| Income taxes | 67/77 | €5,590 | €987 | -€4,602 | -82.3% |
| Profit (loss) for the period | 9904 | €89,832 | €27,637 | -€62,195 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,832 | €27,637 | -€62,195 | -69.2% |
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 22 October 2026 via checked.be.