MK-BAT: 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-BAT
Largest movements
- Stocks and contracts +€96,776
up €96,776 (+22.9%), from €422,641 to €519,417
- Receivables after one year +€50,000
new in 2024: €50,000
- Receivables within one year +€27,462
up €27,462 (+51.2%), from €53,598 to €81,060
of which Trade receivables: +€64,957
- Current portion of long-term debt +€320,000
new in 2024: €320,000
- Debts after one year -€304,951
down €304,951 (-75.4%), from €404,251 to €99,300
- Short-term financial debts +€91,261
new in 2024: €91,261
- Profit (loss) carried forward +€86,602
up €86,602 (+763.9%), from €11,337 to €97,939
- Trade debts -€45,561
no longer reported in 2024 (was €45,561)
- Gross operating margin +€128,111
up €128,111, from -€4,985 to €123,126
- Taxes +€16,427
new in 2024: €16,427
- Financial charges +€14,013
up €14,013 (+173.3%), from €8,085 to €22,098
- Purchases and services -€4,985
no longer reported in 2024 (was €4,985)
- Financial income +€1,378
up €1,378 (+68.2%), from €2,020 to €3,398
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 | €479,758 | €662,640 | +€182,882 | +38.1% |
| Fixed assets | 21/28 | - | €5,910 | +€5,910 | |
| Tangible fixed assets | 22/27 | - | €5,910 | +€5,910 | |
| Furniture and vehicles | 24 | - | €5,910 | +€5,910 | |
| Current assets | 29/58 | €479,758 | €656,730 | +€176,972 | +36.9% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €422,641 | €519,417 | +€96,776 | +22.9% |
| Stocks | 30/36 | €422,641 | €519,417 | +€96,776 | +22.9% |
| Amounts receivable within one year | 40/41 | €53,598 | €81,060 | +€27,462 | +51.2% |
| Trade receivables | 40 | €1,901 | €66,858 | +€64,957 | +3417.0% |
| Other amounts receivable | 41 | €51,697 | €14,202 | -€37,495 | -72.5% |
| Cash at bank and in hand | 54/58 | €3,519 | €6,191 | +€2,672 | +75.9% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €479,758 | €662,640 | +€182,882 | +38.1% |
| Equity | 10/15 | €19,046 | €105,648 | +€86,602 | +454.7% |
| Contributions | 10/11 | €7,709 | €7,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,337 | €97,939 | +€86,602 | +763.9% |
| Amounts payable | 17/49 | €460,712 | €556,992 | +€96,280 | +20.9% |
| Amounts payable after more than one year | 17 | €404,251 | €99,300 | -€304,951 | -75.4% |
| Financial debts | 170/4 | €404,251 | €99,300 | -€304,951 | -75.4% |
| Amounts payable within one year | 42/48 | €55,511 | €453,431 | +€397,920 | +716.8% |
| Current portion of amounts payable after more than one year | 42 | - | €320,000 | +€320,000 | |
| Financial debts | 43 | - | €91,261 | +€91,261 | |
| Credit institutions | 430/8 | - | €91,261 | +€91,261 | |
| Trade debts | 44 | €45,561 | - | -€45,561 | |
| Suppliers | 440/4 | €45,561 | - | -€45,561 | |
| Taxes, remuneration and social security | 45 | - | €23,489 | +€23,489 | |
| Taxes | 450/3 | - | €23,489 | +€23,489 | |
| Other amounts payable | 47/48 | €9,950 | €18,681 | +€8,731 | +87.7% |
| Accrued charges and deferred income | 492/3 | €950 | €4,261 | +€3,311 | +348.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,985 | - | -€4,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,310 | +€1,310 | |
| Other operating charges | 640/8 | €122 | €87 | -€35 | -28.7% |
| Gross operating margin | 9900 | -€4,985 | €123,126 | +€128,111 | |
| Operating profit (loss) | 9901 | -€5,107 | €121,729 | +€126,836 | |
| Financial income | 75/76B | €2,020 | €3,398 | +€1,378 | +68.2% |
| Recurring financial income | 75 | €2,020 | €3,398 | +€1,378 | +68.2% |
| Financial charges | 65/66B | €8,085 | €22,098 | +€14,013 | +173.3% |
| Recurring financial charges | 65 | €8,085 | €22,098 | +€14,013 | +173.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,172 | €103,029 | +€114,201 | |
| Income taxes | 67/77 | - | €16,427 | +€16,427 | |
| Profit (loss) for the period | 9904 | -€11,172 | €86,602 | +€97,774 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,172 | €86,602 | +€97,774 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.