MK: 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.
MK
Largest movements
- Cash +€93,277
up €93,277 (+3024.5%), from €3,084 to €96,361
mainly Net result for the year (+€127,764) and Depreciation (+€62,044)
- Receivables within one year +€39,407
up €39,407 (+39.4%), from €99,937 to €139,344
of which Other amounts receivable: +€70,096
- Tangible fixed assets -€18,154
down €18,154 (-12.7%), from €143,017 to €124,863
of which Leasing and similar rights: -€16,450
- Profit (loss) carried forward +€127,764
up €127,764 (+149.5%), from €85,440 to €213,204
- Trade debts -€41,365
down €41,365 (-57.9%), from €71,399 to €30,034
- Tax, wage and social debts +€39,886
up €39,886 (+239.7%), from €16,637 to €56,523
of which Taxes: +€30,337
- Debts after one year -€21,022
down €21,022 (-50.6%), from €41,534 to €20,512
- Current portion of long-term debt +€6,603
up €6,603 (+22.2%), from €29,794 to €36,396
- Gross operating margin +€187,689
up €187,689 (+86.0%), from €218,187 to €405,876
- Taxes +€34,596
up €34,596 (+273.6%), from €12,644 to €47,241
- Other operating charges +€25,424
up €25,424 (+182.3%), from €13,948 to €39,372
- Depreciation +€17,357
up €17,357 (+38.8%), from €44,687 to €62,044
- Staff costs +€12,447
up €12,447 (+11.4%), from €109,436 to €121,882
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,863 | €364,729 | +€111,866 | +44.2% |
| Fixed assets | 21/28 | €145,267 | €127,113 | -€18,154 | -12.5% |
| Tangible fixed assets | 22/27 | €143,017 | €124,863 | -€18,154 | -12.7% |
| Plant, machinery and equipment | 23 | €40,954 | €33,854 | -€7,100 | -17.3% |
| Furniture and vehicles | 24 | €52,063 | €57,459 | +€5,395 | +10.4% |
| Leasing and similar rights | 25 | €50,000 | €33,550 | -€16,450 | -32.9% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €107,596 | €237,617 | +€130,021 | +120.8% |
| Amounts receivable within one year | 40/41 | €99,937 | €139,344 | +€39,407 | +39.4% |
| Trade receivables | 40 | €67,434 | €36,745 | -€30,689 | -45.5% |
| Other amounts receivable | 41 | €32,503 | €102,599 | +€70,096 | +215.7% |
| Cash at bank and in hand | 54/58 | €3,084 | €96,361 | +€93,277 | +3024.5% |
| Deferred charges and accrued income | 490/1 | €4,575 | €1,912 | -€2,664 | -58.2% |
| Total equity and liabilities | 10/49 | €252,863 | €364,729 | +€111,866 | +44.2% |
| Equity | 10/15 | €93,500 | €221,264 | +€127,764 | +136.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,440 | €213,204 | +€127,764 | +149.5% |
| Amounts payable | 17/49 | €159,363 | €143,465 | -€15,898 | -10.0% |
| Amounts payable after more than one year | 17 | €41,534 | €20,512 | -€21,022 | -50.6% |
| Financial debts | 170/4 | €41,534 | €20,512 | -€21,022 | -50.6% |
| Amounts payable within one year | 42/48 | €117,829 | €122,953 | +€5,124 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €29,794 | €36,396 | +€6,603 | +22.2% |
| Trade debts | 44 | €71,399 | €30,034 | -€41,365 | -57.9% |
| Suppliers | 440/4 | €71,399 | €30,034 | -€41,365 | -57.9% |
| Taxes, remuneration and social security | 45 | €16,637 | €56,523 | +€39,886 | +239.7% |
| Taxes | 450/3 | €15,738 | €46,075 | +€30,337 | +192.8% |
| Remuneration and social security | 454/9 | €899 | €10,447 | +€9,549 | +1062.7% |
| Non-recurring operating income | 76A | €757 | - | -€757 | |
| Remuneration, social security and pensions | 62 | €109,436 | €121,882 | +€12,447 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,687 | €62,044 | +€17,357 | +38.8% |
| Other operating charges | 640/8 | €13,948 | €39,372 | +€25,424 | +182.3% |
| Gross operating margin | 9900 | €218,187 | €405,876 | +€187,689 | +86.0% |
| Operating profit (loss) | 9901 | €50,117 | €182,578 | +€132,461 | +264.3% |
| Financial income | 75/76B | €763 | €1,912 | +€1,149 | +150.6% |
| Recurring financial income | 75 | €763 | €1,912 | +€1,149 | +150.6% |
| Financial charges | 65/66B | €6,084 | €9,485 | +€3,401 | +55.9% |
| Recurring financial charges | 65 | €5,442 | €6,114 | +€672 | +12.3% |
| Non-recurring financial charges | 66B | €642 | €3,371 | +€2,729 | +425.3% |
| Profit (loss) for the period before taxes | 9903 | €44,796 | €175,005 | +€130,209 | +290.7% |
| Income taxes | 67/77 | €12,644 | €47,241 | +€34,596 | +273.6% |
| Profit (loss) for the period | 9904 | €32,152 | €127,764 | +€95,613 | +297.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,152 | €127,764 | +€95,613 | +297.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.