M&K SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€78,829
up €78,829 (+550%), from €14,335 to €93,164
of which Furniture and vehicles: +€40,467
- Current investments +€26,700
new in 2025: €26,700
- Cash -€18,616
down €18,616 (-100%), from €18,616 to €0
mainly Investment in fixed assets (net) (-€103,879) and Current investments (-€26,700)
- Receivables within one year +€9,061
up €9,061 (+131%), from €6,904 to €15,965
of which Trade receivables: +€7,712
- Financial fixed assets +€2,475
up €2,475 (+144%), from €1,720 to €4,195
- Debts after one year +€85,427
up €85,427 (+1,230%), from €6,948 to €92,376
of which Financial debts: +€57,076
- Current portion of long-term debt +€14,387
up €14,387 (+500%), from €2,875 to €17,262
- Other debts -€10,830
down €10,830 (-100%), from €10,830 to €0
- Short-term financial debts +€7,135
new in 2025: €7,135
- Trade debts +€6,245
up €6,245 (+552%), from €1,132 to €7,377
- Depreciation +€17,011
up €17,011 (+306%), from €5,564 to €22,575
- Taxes -€2,479
down €2,479 (-69.2%), from €3,579 to €1,101
- Gross operating margin +€2,275
up €2,275 (+8.4%), from €26,962 to €29,237
- Financial charges +€1,819
up €1,819 (+207%), from €877 to €2,697
- Other operating charges -€508
down €508 (-29.9%), from €1,698 to €1,189
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 | €41,707 | €142,140 | +€100,433 | +241% |
| Fixed assets | 21/28 | €16,055 | €97,359 | +€81,304 | +506% |
| Tangible fixed assets | 22/27 | €14,335 | €93,164 | +€78,829 | +550% |
| Land and buildings | 22 | €697 | €85 | -€611 | -87.7% |
| Plant, machinery and equipment | 23 | €2,190 | €2,164 | -€26 | -1.2% |
| Furniture and vehicles | 24 | €11,448 | €51,915 | +€40,467 | +353% |
| Leasing and similar rights | 25 | - | €39,000 | +€39,000 | |
| Financial fixed assets | 28 | €1,720 | €4,195 | +€2,475 | +144% |
| Current assets | 29/58 | €25,652 | €44,781 | +€19,129 | +74.6% |
| Amounts receivable within one year | 40/41 | €6,904 | €15,965 | +€9,061 | +131% |
| Trade receivables | 40 | €6,680 | €14,392 | +€7,712 | +115% |
| Other amounts receivable | 41 | €224 | €1,573 | +€1,349 | +602% |
| Current investments | 50/53 | - | €26,700 | +€26,700 | |
| Cash at bank and in hand | 54/58 | €18,616 | €0 | -€18,616 | -100% |
| Deferred charges and accrued income | 490/1 | €132 | €2,116 | +€1,984 | +1,503% |
| Total equity and liabilities | 10/49 | €41,707 | €142,140 | +€100,433 | +241% |
| Equity | 10/15 | €13,461 | €15,136 | +€1,675 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,261 | €8,936 | +€1,675 | +23.1% |
| Distributable reserves | 133 | €7,261 | €8,936 | +€1,675 | +23.1% |
| Amounts payable | 17/49 | €28,245 | €127,004 | +€98,759 | +350% |
| Amounts payable after more than one year | 17 | €6,948 | €92,376 | +€85,427 | +1,230% |
| Financial debts | 170/4 | €6,948 | €64,024 | +€57,076 | +821% |
| Other amounts payable | 178/9 | - | €28,352 | +€28,352 | |
| Amounts payable within one year | 42/48 | €21,297 | €34,628 | +€13,331 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €2,875 | €17,262 | +€14,387 | +500% |
| Financial debts | 43 | - | €7,135 | +€7,135 | |
| Credit institutions | 430/8 | - | €7,135 | +€7,135 | |
| Trade debts | 44 | €1,132 | €7,377 | +€6,245 | +552% |
| Suppliers | 440/4 | €1,132 | €7,377 | +€6,245 | +552% |
| Taxes, remuneration and social security | 45 | €6,460 | €2,855 | -€3,605 | -55.8% |
| Taxes | 450/3 | €6,460 | €2,855 | -€3,605 | -55.8% |
| Other amounts payable | 47/48 | €10,830 | €0 | -€10,830 | -100% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,564 | €22,575 | +€17,011 | +306% |
| Other operating charges | 640/8 | €1,698 | €1,189 | -€508 | -29.9% |
| Gross operating margin | 9900 | €26,962 | €29,237 | +€2,275 | +8.4% |
| Operating profit (loss) | 9901 | €19,700 | €5,472 | -€14,228 | -72.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €877 | €2,697 | +€1,819 | +207% |
| Recurring financial charges | 65 | €877 | €2,697 | +€1,819 | +207% |
| Profit (loss) for the period before taxes | 9903 | €18,823 | €2,775 | -€16,047 | -85.3% |
| Income taxes | 67/77 | €3,579 | €1,101 | -€2,479 | -69.2% |
| Profit (loss) for the period | 9904 | €15,243 | €1,675 | -€13,569 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,243 | €1,675 | -€13,569 | -89.0% |
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.