MCK Projects: 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.
MCK Projects
Largest movements
- Tangible fixed assets +€267,708
up €267,708 (+269.8%), from €99,230 to €366,938
of which Leasing and similar rights: +€226,157
- Cash -€9,830
down €9,830 (-11.8%), from €83,059 to €73,229
mainly Investment in fixed assets (net) (-€303,861) and Contributions, distributions and other (-€37,612)
- Debts after one year +€161,551
up €161,551 (+407.9%), from €39,606 to €201,157
- Reserves +€35,599
up €35,599 (+15.9%), from €224,308 to €259,907
- Current portion of long-term debt +€30,599
up €30,599 (+266.9%), from €11,467 to €42,066
- Trade debts +€22,735
up €22,735 (+55.0%), from €41,299 to €64,033
- Gross operating margin +€35,202
up €35,202 (+29.9%), from €117,911 to €153,113
- Depreciation +€26,029
up €26,029 (+260.6%), from €9,989 to €36,018
- Financial charges +€5,769
up €5,769 (+109.4%), from €5,272 to €11,041
- Taxes -€2,047
down €2,047 (-7.0%), from €29,314 to €27,267
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 | €329,618 | €585,967 | +€256,348 | +77.8% |
| Fixed assets | 21/28 | €99,365 | €367,208 | +€267,843 | +269.6% |
| Tangible fixed assets | 22/27 | €99,230 | €366,938 | +€267,708 | +269.8% |
| Land and buildings | 22 | €70,336 | €70,336 | = | 0.0% |
| Plant, machinery and equipment | 23 | €141 | €45 | -€96 | -68.2% |
| Furniture and vehicles | 24 | €9,582 | €46,753 | +€37,170 | +387.9% |
| Leasing and similar rights | 25 | - | €226,157 | +€226,157 | |
| Other tangible fixed assets | 26 | €19,170 | €23,648 | +€4,477 | +23.4% |
| Financial fixed assets | 28 | €135 | €270 | +€135 | +100.0% |
| Current assets | 29/58 | €230,253 | €218,759 | -€11,495 | -5.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,343 | €2,766 | -€577 | -17.3% |
| Stocks | 30/36 | €3,343 | €2,766 | -€577 | -17.3% |
| Amounts receivable within one year | 40/41 | €90,597 | €90,590 | -€7 | 0.0% |
| Trade receivables | 40 | €20,696 | €39,676 | +€18,980 | +91.7% |
| Other amounts receivable | 41 | €69,901 | €50,914 | -€18,987 | -27.2% |
| Cash at bank and in hand | 54/58 | €83,059 | €73,229 | -€9,830 | -11.8% |
| Deferred charges and accrued income | 490/1 | €3,254 | €2,174 | -€1,081 | -33.2% |
| Total equity and liabilities | 10/49 | €329,618 | €585,967 | +€256,348 | +77.8% |
| Equity | 10/15 | €225,308 | €260,907 | +€35,599 | +15.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €224,308 | €259,907 | +€35,599 | +15.9% |
| Distributable reserves | 133 | €224,308 | €259,907 | +€35,599 | +15.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €104,310 | €325,059 | +€220,749 | +211.6% |
| Amounts payable after more than one year | 17 | €39,606 | €201,157 | +€161,551 | +407.9% |
| Financial debts | 170/4 | €39,606 | €201,157 | +€161,551 | +407.9% |
| Amounts payable within one year | 42/48 | €56,131 | €115,002 | +€58,871 | +104.9% |
| Current portion of amounts payable after more than one year | 42 | €11,467 | €42,066 | +€30,599 | +266.9% |
| Trade debts | 44 | €41,299 | €64,033 | +€22,735 | +55.0% |
| Suppliers | 440/4 | €41,299 | €64,033 | +€22,735 | +55.0% |
| Taxes, remuneration and social security | 45 | €3,366 | €8,903 | +€5,537 | +164.5% |
| Taxes | 450/3 | €3,366 | €8,903 | +€5,537 | +164.5% |
| Accrued charges and deferred income | 492/3 | €8,573 | €8,900 | +€327 | +3.8% |
| Non-recurring operating income | 76A | €21,094 | €7,500 | -€13,594 | -64.4% |
| Remuneration, social security and pensions | 62 | €689 | - | -€689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,989 | €36,018 | +€26,029 | +260.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,059 | €5,575 | -€1,484 | -21.0% |
| Non-recurring operating charges | 66A | €5,275 | €0 | -€5,275 | -100.0% |
| Gross operating margin | 9900 | €117,911 | €153,113 | +€35,202 | +29.9% |
| Operating profit (loss) | 9901 | €94,899 | €111,519 | +€16,620 | +17.5% |
| Financial charges | 65/66B | €5,272 | €11,041 | +€5,769 | +109.4% |
| Recurring financial charges | 65 | €5,272 | €11,041 | +€5,769 | +109.4% |
| Profit (loss) for the period before taxes | 9903 | €89,627 | €100,478 | +€10,851 | +12.1% |
| Income taxes | 67/77 | €29,314 | €27,267 | -€2,047 | -7.0% |
| Profit (loss) for the period | 9904 | €60,313 | €73,211 | +€12,898 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,313 | €73,211 | +€12,898 | +21.4% |
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 12 October 2026 via checked.be.