M-KOC: what changed
Two fiscal 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-KOC
Largest movements
- Receivables within one year -€76
no longer reported in 2025 (was €76)
- Trade debts -€500
down €500 (-74.6%), from €670 to €170
- Profit (loss) carried forward +€471
up €471 (+32.3%), from -€1,459 to -€988
- Gross operating margin +€417
up €417 (+242.8%), from €172 to €589
- Other operating charges +€64
new in 2025: €64
- Financial income -€24
no longer reported in 2025 (was €24)
- Financial charges +€24
up €24 (+80.0%), from €30 to €54
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.
Cash bridge derived
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 | €5,411 | €5,382 | -€29 | -0.5% |
| Current assets | 29/58 | €5,411 | €5,382 | -€29 | -0.5% |
| Amounts receivable within one year | 40/41 | €76 | - | -€76 | |
| Other amounts receivable | 41 | €76 | - | -€76 | |
| Cash at bank and in hand | 54/58 | €5,335 | €5,382 | +€47 | +0.9% |
| Total equity and liabilities | 10/49 | €5,411 | €5,382 | -€29 | -0.5% |
| Equity | 10/15 | €4,741 | €5,212 | +€471 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,459 | -€988 | +€471 | +32.3% |
| Amounts payable | 17/49 | €670 | €170 | -€500 | -74.6% |
| Amounts payable within one year | 42/48 | €670 | €170 | -€500 | -74.6% |
| Trade debts | 44 | €670 | €170 | -€500 | -74.6% |
| Suppliers | 440/4 | €670 | €170 | -€500 | -74.6% |
| Other operating charges | 640/8 | - | €64 | +€64 | |
| Gross operating margin | 9900 | €172 | €589 | +€417 | +242.8% |
| Operating profit (loss) | 9901 | €172 | €525 | +€353 | +205.6% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €30 | €54 | +€24 | +80.0% |
| Recurring financial charges | 65 | €30 | €54 | +€24 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €166 | €471 | +€305 | +184.1% |
| Profit (loss) for the period | 9904 | €166 | €471 | +€305 | +184.1% |
| Profit (loss) for the period to be appropriated | 9905 | €166 | €471 | +€305 | +184.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.