MC KINE: 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.
MC KINE
Largest movements
- Tangible fixed assets -€8,208
down €8,208 (-46.6%), from €17,629 to €9,421
- Receivables within one year +€4,553
up €4,553 (+16.3%), from €27,880 to €32,433
of which Trade receivables: +€4,850
- Cash -€1,470
down €1,470 (-34.5%), from €4,263 to €2,794
mainly Contributions, distributions and other (-€12,942) and Debts after one year (-€6,468)
- Debts after one year -€6,468
down €6,468 (-92.3%), from €7,010 to €543
- Other debts +€2,318
up €2,318 (+19.1%), from €12,110 to €14,428
- Profit (loss) carried forward -€2,150
no longer reported in 2025 (was €2,150)
- Tax, wage and social debts +€1,008
up €1,008 (+67.2%), from €1,500 to €2,508
- Depreciation -€5,292
down €5,292 (-36.5%), from €14,512 to €9,220
- Gross operating margin -€1,006
down €1,006 (-3.5%), from €28,663 to €27,656
- Taxes +€749
up €749 (+15.9%), from €4,702 to €5,451
- Other operating charges +€410
up €410 (+51.8%), from €791 to €1,200
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 | €49,773 | €44,648 | -€5,125 | -10.3% |
| Fixed assets | 21/28 | €17,629 | €9,421 | -€8,208 | -46.6% |
| Tangible fixed assets | 22/27 | €17,629 | €9,421 | -€8,208 | -46.6% |
| Furniture and vehicles | 24 | €17,629 | €9,421 | -€8,208 | -46.6% |
| Current assets | 29/58 | €32,143 | €35,226 | +€3,083 | +9.6% |
| Amounts receivable within one year | 40/41 | €27,880 | €32,433 | +€4,553 | +16.3% |
| Trade receivables | 40 | €27,582 | €32,433 | +€4,850 | +17.6% |
| Other amounts receivable | 41 | €298 | - | -€298 | |
| Cash at bank and in hand | 54/58 | €4,263 | €2,794 | -€1,470 | -34.5% |
| Total equity and liabilities | 10/49 | €49,773 | €44,648 | -€5,125 | -10.3% |
| Equity | 10/15 | €22,610 | €20,460 | -€2,150 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,150 | - | -€2,150 | |
| Amounts payable | 17/49 | €27,162 | €24,188 | -€2,975 | -11.0% |
| Amounts payable after more than one year | 17 | €7,010 | €543 | -€6,468 | -92.3% |
| Financial debts | 170/4 | €7,010 | €543 | -€6,468 | -92.3% |
| Amounts payable within one year | 42/48 | €20,152 | €23,645 | +€3,493 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €6,390 | €6,468 | +€78 | +1.2% |
| Trade debts | 44 | €152 | €241 | +€90 | +59.0% |
| Suppliers | 440/4 | €152 | €241 | +€90 | +59.0% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,508 | +€1,008 | +67.2% |
| Taxes | 450/3 | €1,500 | €2,508 | +€1,008 | +67.2% |
| Other amounts payable | 47/48 | €12,110 | €14,428 | +€2,318 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,512 | €9,220 | -€5,292 | -36.5% |
| Other operating charges | 640/8 | €791 | €1,200 | +€410 | +51.8% |
| Non-recurring operating charges | 66A | - | €316 | +€316 | |
| Gross operating margin | 9900 | €28,663 | €27,656 | -€1,006 | -3.5% |
| Operating profit (loss) | 9901 | €13,360 | €16,920 | +€3,560 | +26.6% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €414 | €686 | +€272 | +65.6% |
| Recurring financial charges | 65 | €414 | €686 | +€272 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €12,946 | €16,243 | +€3,296 | +25.5% |
| Income taxes | 67/77 | €4,702 | €5,451 | +€749 | +15.9% |
| Profit (loss) for the period | 9904 | €8,244 | €10,792 | +€2,548 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,244 | €10,792 | +€2,548 | +30.9% |
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 9 October 2026 via checked.be.