MK: 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.
MK
Largest movements
- Receivables within one year +€213,644
up €213,644 (+72.6%), from €294,393 to €508,037
of which Other amounts receivable: +€213,644
- Other debts +€167,035
up €167,035 (+13.0%), from €1.3m to €1.5m
- Profit (loss) carried forward +€50,984
up €50,984 (+63.6%), from €80,191 to €131,175
- Financial income +€75,650
up €75,650 (+3491.8%), from €2,167 to €77,816
- Other operating charges +€370
up €370 (+36.4%), from €1,018 to €1,388
- Financial charges +€301
new in 2025: €301
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 | €1,524,727 | €1,739,046 | +€214,319 | +14.1% |
| Fixed assets | 21/28 | €1,230,000 | €1,230,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,230,000 | €1,230,000 | = | 0.0% |
| Current assets | 29/58 | €294,727 | €509,046 | +€214,319 | +72.7% |
| Amounts receivable within one year | 40/41 | €294,393 | €508,037 | +€213,644 | +72.6% |
| Trade receivables | 40 | €211,146 | €211,146 | = | 0.0% |
| Other amounts receivable | 41 | €83,247 | €296,890 | +€213,644 | +256.6% |
| Cash at bank and in hand | 54/58 | €335 | €10 | -€325 | -97.1% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €1,524,727 | €1,739,046 | +€214,319 | +14.1% |
| Equity | 10/15 | €151,691 | €202,675 | +€50,984 | +33.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,191 | €131,175 | +€50,984 | +63.6% |
| Amounts payable | 17/49 | €1,373,036 | €1,536,372 | +€163,336 | +11.9% |
| Amounts payable within one year | 42/48 | €1,373,036 | €1,536,372 | +€163,336 | +11.9% |
| Trade debts | 44 | €83,550 | €79,850 | -€3,699 | -4.4% |
| Suppliers | 440/4 | €83,550 | €79,850 | -€3,699 | -4.4% |
| Other amounts payable | 47/48 | €1,289,487 | €1,456,521 | +€167,035 | +13.0% |
| Other operating charges | 640/8 | €1,018 | €1,388 | +€370 | +36.4% |
| Gross operating margin | 9900 | -€25,103 | -€25,144 | -€41 | -0.2% |
| Operating profit (loss) | 9901 | -€26,121 | -€26,532 | -€412 | -1.6% |
| Financial income | 75/76B | €2,167 | €77,816 | +€75,650 | +3491.8% |
| Recurring financial income | 75 | €2,167 | €77,816 | +€75,650 | +3491.8% |
| Financial charges | 65/66B | - | €301 | +€301 | |
| Recurring financial charges | 65 | - | €301 | +€301 | |
| Profit (loss) for the period before taxes | 9903 | -€23,954 | €50,984 | +€74,938 | |
| Profit (loss) for the period | 9904 | -€23,954 | €50,984 | +€74,938 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,954 | €50,984 | +€74,938 |
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 11 October 2026 via checked.be.