M.K.S.: 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.S.
Largest movements
- Cash +€65,752
up €65,752 (+147%), from €44,663 to €110,415
mainly Other debts (+€34,000) and Depreciation (+€16,511)
- Tangible fixed assets -€16,511
down €16,511 (-12.2%), from €135,611 to €119,099
of which Land and buildings: -€16,000
- Other debts +€34,000
new in 2025: €34,000
- Profit (loss) carried forward +€9,829
up €9,829 (+45.1%), from €21,782 to €31,610
- Trade debts +€3,190
up €3,190 (+874%), from €365 to €3,555
- Gross operating margin +€7,035
up €7,035 (+23.7%), from €29,743 to €36,778
- Taxes +€1,927
up €1,927 (+114%), from €1,696 to €3,623
- Other operating charges -€1,167
down €1,167 (-16.4%), from €7,134 to €5,966
- Depreciation +€477
up €477 (+3.0%), from €16,034 to €16,511
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 | €181,471 | €230,417 | +€48,946 | +27.0% |
| Fixed assets | 21/28 | €135,611 | €119,099 | -€16,511 | -12.2% |
| Tangible fixed assets | 22/27 | €135,611 | €119,099 | -€16,511 | -12.2% |
| Land and buildings | 22 | €132,797 | €116,797 | -€16,000 | -12.0% |
| Plant, machinery and equipment | 23 | €2,814 | €2,302 | -€512 | -18.2% |
| Current assets | 29/58 | €45,860 | €111,318 | +€65,457 | +143% |
| Amounts receivable within one year | 40/41 | €304 | - | -€304 | |
| Other amounts receivable | 41 | €304 | - | -€304 | |
| Cash at bank and in hand | 54/58 | €44,663 | €110,415 | +€65,752 | +147% |
| Deferred charges and accrued income | 490/1 | €893 | €902 | +€10 | +1.1% |
| Total equity and liabilities | 10/49 | €181,471 | €230,417 | +€48,946 | +27.0% |
| Equity | 10/15 | €180,882 | €191,235 | +€10,354 | +5.7% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Capital | 10 | €154,000 | €154,000 | = | 0.0% |
| Issued capital | 100 | €154,000 | €154,000 | = | 0.0% |
| Reserves | 13 | €5,100 | €5,625 | +€525 | +10.3% |
| Non-distributable reserves | 130/1 | €5,100 | €5,625 | +€525 | +10.3% |
| Legal reserve | 130 | €5,100 | €5,625 | +€525 | +10.3% |
| Profit (loss) carried forward | 14 | €21,782 | €31,610 | +€9,829 | +45.1% |
| Amounts payable | 17/49 | €589 | €39,181 | +€38,592 | +6,550% |
| Amounts payable within one year | 42/48 | €365 | €38,780 | +€38,415 | +10,526% |
| Trade debts | 44 | €365 | €3,555 | +€3,190 | +874% |
| Suppliers | 440/4 | €365 | €3,555 | +€3,190 | +874% |
| Taxes, remuneration and social security | 45 | - | €1,225 | +€1,225 | |
| Taxes | 450/3 | - | €1,225 | +€1,225 | |
| Other amounts payable | 47/48 | - | €34,000 | +€34,000 | |
| Accrued charges and deferred income | 492/3 | €224 | €401 | +€177 | +79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,034 | €16,511 | +€477 | +3.0% |
| Other operating charges | 640/8 | €7,134 | €5,966 | -€1,167 | -16.4% |
| Gross operating margin | 9900 | €29,743 | €36,778 | +€7,035 | +23.7% |
| Operating profit (loss) | 9901 | €6,575 | €14,300 | +€7,725 | +117% |
| Financial charges | 65/66B | €287 | €324 | +€37 | +12.7% |
| Recurring financial charges | 65 | €287 | €324 | +€37 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €6,288 | €13,977 | +€7,689 | +122% |
| Income taxes | 67/77 | €1,696 | €3,623 | +€1,927 | +114% |
| Profit (loss) for the period | 9904 | €4,592 | €10,354 | +€5,762 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €4,592 | €10,354 | +€5,762 | +125% |
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 17 October 2026 via checked.be.