MCK: 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.
MCK
Largest movements
- Receivables after one year +€67,358
new in 2025: €67,358
- Receivables within one year +€18,555
up €18,555 (+27.3%), from €68,018 to €86,573
- Financial fixed assets +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Reserves +€97,590
up €97,590 (+34.5%), from €282,991 to €380,581
- Debts after one year -€20,945
down €20,945 (-19.8%), from €105,681 to €84,736
- Tax, wage and social debts +€12,768
up €12,768 (+38.8%), from €32,947 to €45,715
of which Taxes: +€6,670
- Trade debts +€12,210
up €12,210 (+247.1%), from €4,941 to €17,152
- Other debts -€10,422
down €10,422 (-74.5%), from €13,995 to €3,573
- Gross operating margin -€13,452
down €13,452 (-7.4%), from €181,812 to €168,360
- Taxes -€4,576
down €4,576 (-8.9%), from €51,439 to €46,864
- Depreciation +€4,101
up €4,101 (+32.6%), from €12,566 to €16,667
- Financial income +€2,582
up €2,582 (+372.8%), from €693 to €3,275
- Other operating charges +€2,122
up €2,122 (+62.4%), from €3,401 to €5,524
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 | €472,803 | €564,479 | +€91,675 | +19.4% |
| Fixed assets | 21/28 | €198,535 | €209,030 | +€10,495 | +5.3% |
| Tangible fixed assets | 22/27 | €173,535 | €169,030 | -€4,505 | -2.6% |
| Land and buildings | 22 | €127,170 | €127,747 | +€577 | +0.5% |
| Plant, machinery and equipment | 23 | €600 | €670 | +€70 | +11.6% |
| Furniture and vehicles | 24 | €6,165 | €3,873 | -€2,292 | -37.2% |
| Other tangible fixed assets | 26 | - | €36,741 | +€36,741 | |
| Assets under construction and advance payments | 27 | €39,600 | - | -€39,600 | |
| Financial fixed assets | 28 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Current assets | 29/58 | €274,269 | €355,449 | +€81,180 | +29.6% |
| Amounts receivable after more than one year | 29 | - | €67,358 | +€67,358 | |
| Trade receivables | 290 | - | €67,358 | +€67,358 | |
| Amounts receivable within one year | 40/41 | €68,018 | €86,573 | +€18,555 | +27.3% |
| Trade receivables | 40 | €68,018 | €86,573 | +€18,555 | +27.3% |
| Cash at bank and in hand | 54/58 | €203,831 | €199,243 | -€4,587 | -2.3% |
| Deferred charges and accrued income | 490/1 | €2,420 | €2,275 | -€146 | -6.0% |
| Total equity and liabilities | 10/49 | €472,803 | €564,479 | +€91,675 | +19.4% |
| Equity | 10/15 | €292,991 | €390,581 | +€97,590 | +33.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €282,991 | €380,581 | +€97,590 | +34.5% |
| Distributable reserves | 133 | €282,991 | €380,581 | +€97,590 | +34.5% |
| Amounts payable | 17/49 | €179,812 | €173,898 | -€5,914 | -3.3% |
| Amounts payable after more than one year | 17 | €105,681 | €84,736 | -€20,945 | -19.8% |
| Financial debts | 170/4 | €105,681 | €84,736 | -€20,945 | -19.8% |
| Amounts payable within one year | 42/48 | €72,439 | €88,434 | +€15,996 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €20,556 | €21,994 | +€1,439 | +7.0% |
| Trade debts | 44 | €4,941 | €17,152 | +€12,210 | +247.1% |
| Suppliers | 440/4 | €4,941 | €17,152 | +€12,210 | +247.1% |
| Taxes, remuneration and social security | 45 | €32,947 | €45,715 | +€12,768 | +38.8% |
| Taxes | 450/3 | €32,221 | €38,891 | +€6,670 | +20.7% |
| Remuneration and social security | 454/9 | €726 | €6,824 | +€6,098 | +840.3% |
| Other amounts payable | 47/48 | €13,995 | €3,573 | -€10,422 | -74.5% |
| Accrued charges and deferred income | 492/3 | €1,693 | €728 | -€965 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €16,667 | +€4,101 | +32.6% |
| Other operating charges | 640/8 | €3,401 | €5,524 | +€2,122 | +62.4% |
| Gross operating margin | 9900 | €181,812 | €168,360 | -€13,452 | -7.4% |
| Operating profit (loss) | 9901 | €165,845 | €146,169 | -€19,676 | -11.9% |
| Financial income | 75/76B | €693 | €3,275 | +€2,582 | +372.8% |
| Recurring financial income | 75 | €693 | €3,275 | +€2,582 | +372.8% |
| Financial charges | 65/66B | €4,518 | €4,991 | +€473 | +10.5% |
| Recurring financial charges | 65 | €4,518 | €4,991 | +€473 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €162,020 | €144,453 | -€17,566 | -10.8% |
| Income taxes | 67/77 | €51,439 | €46,864 | -€4,576 | -8.9% |
| Profit (loss) for the period | 9904 | €110,580 | €97,590 | -€12,991 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,580 | €97,590 | -€12,991 | -11.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.