MK BOUW: 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 BOUW
Largest movements
- Tangible fixed assets +€33,779
up €33,779 (+337,788,000%), from €0 to €33,779
- Receivables within one year +€4,446
up €4,446 (+45.3%), from €9,823 to €14,270
of which Trade receivables: +€2,997
- Deferred charges and accrued income +€2,641
up €2,641 (+21.8%), from €12,119 to €14,761
- Cash +€2,261
up €2,261 (+68.4%), from €3,307 to €5,568
mainly Debts after one year (+€29,444) and Current portion of long-term debt (+€6,175)
- Debts after one year +€29,444
new in 2025: €29,444
- Current portion of long-term debt +€6,175
new in 2025: €6,175
- Profit (loss) carried forward +€5,550
up €5,550 (+70.0%), from €7,932 to €13,482
- Other debts +€2,342
up €2,342 (+20.4%), from €11,460 to €13,801
- Trade debts -€1,325
no longer reported in 2025 (was €1,325)
- Financial income -€1,930
down €1,930 (-96.8%), from €1,993 to €63
of which Financial income: -€1,930
- Depreciation +€1,625
up €1,625 (+756%), from €215 to €1,840
- Financial charges -€949
down €949 (-77.5%), from €1,225 to €276
of which Non-recurring financial charges: -€1,167
- Gross operating margin -€754
down €754 (-7.5%), from €10,010 to €9,256
- Taxes -€600
down €600 (-27.3%), from €2,200 to €1,600
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.
Derived cash bridge
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 | €40,184 | €83,039 | +€42,855 | +107% |
| Fixed assets | 21/28 | €600 | €34,379 | +€33,779 | +5,630% |
| Tangible fixed assets | 22/27 | €0 | €33,779 | +€33,779 | +337,788,000% |
| Leasing and similar rights | 25 | €0 | €33,779 | +€33,779 | +337,788,000% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €39,584 | €48,660 | +€9,076 | +22.9% |
| Stocks and contracts in progress | 3 | €14,335 | €14,062 | -€273 | -1.9% |
| Stocks | 30/36 | €14,335 | €14,062 | -€273 | -1.9% |
| Amounts receivable within one year | 40/41 | €9,823 | €14,270 | +€4,446 | +45.3% |
| Trade receivables | 40 | €9,256 | €12,254 | +€2,997 | +32.4% |
| Other amounts receivable | 41 | €567 | €2,016 | +€1,449 | +256% |
| Cash at bank and in hand | 54/58 | €3,307 | €5,568 | +€2,261 | +68.4% |
| Deferred charges and accrued income | 490/1 | €12,119 | €14,761 | +€2,641 | +21.8% |
| Total equity and liabilities | 10/49 | €40,184 | €83,039 | +€42,855 | +107% |
| Equity | 10/15 | €24,202 | €29,752 | +€5,550 | +22.9% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €70 | €70 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70 | €70 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70 | - | -€70 | |
| Other | 1319 | - | €70 | +€70 | |
| Profit (loss) carried forward | 14 | €7,932 | €13,482 | +€5,550 | +70.0% |
| Amounts payable | 17/49 | €15,982 | €53,287 | +€37,305 | +233% |
| Amounts payable after more than one year | 17 | - | €29,444 | +€29,444 | |
| Financial debts | 170/4 | - | €29,444 | +€29,444 | |
| Amounts payable within one year | 42/48 | €15,982 | €23,843 | +€7,861 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,175 | +€6,175 | |
| Trade debts | 44 | €1,325 | - | -€1,325 | |
| Suppliers | 440/4 | €1,325 | - | -€1,325 | |
| Taxes, remuneration and social security | 45 | €3,197 | €3,867 | +€669 | +20.9% |
| Taxes | 450/3 | €3,197 | €3,867 | +€669 | +20.9% |
| Other amounts payable | 47/48 | €11,460 | €13,801 | +€2,342 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €1,840 | +€1,625 | +756% |
| Other operating charges | 640/8 | €121 | €53 | -€68 | -56.2% |
| Gross operating margin | 9900 | €10,010 | €9,256 | -€754 | -7.5% |
| Operating profit (loss) | 9901 | €9,674 | €7,363 | -€2,311 | -23.9% |
| Financial income | 75/76B | €1,993 | €63 | -€1,930 | -96.8% |
| Recurring financial income | 75 | €1,993 | €63 | -€1,930 | -96.8% |
| Non-recurring financial income | 76B | €1,993 | €63 | -€1,930 | -96.8% |
| Financial charges | 65/66B | €1,225 | €276 | -€949 | -77.5% |
| Recurring financial charges | 65 | €52 | €270 | +€218 | +422% |
| Non-recurring financial charges | 66B | €1,174 | €6 | -€1,167 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €10,442 | €7,150 | -€3,292 | -31.5% |
| Income taxes | 67/77 | €2,200 | €1,600 | -€600 | -27.3% |
| Profit (loss) for the period | 9904 | €8,242 | €5,550 | -€2,692 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,242 | €5,550 | -€2,692 | -32.7% |
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 16 October 2026 via checked.be.