MK CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year -€48,543
down €48,543 (-61.5%), from €78,884 to €30,341
of which Trade receivables: -€50,316
- Cash -€13,410
down €13,410 (-69.7%), from €19,237 to €5,827
mainly Trade debts (-€74,250) and Tax, wage and social debts (-€5,567)
- Stocks and contracts -€7,762
down €7,762 (-62.7%), from €12,381 to €4,619
of which Contracts in progress: -€7,762
- Tangible fixed assets -€2,422
down €2,422 (-57.0%), from €4,249 to €1,827
of which Furniture and vehicles: -€1,539
- Trade debts -€74,250
down €74,250 (-96.6%), from €76,895 to €2,644
of which Suppliers: -€61,948
- Profit (loss) carried forward +€12,747
up €12,747 (+77.4%), from €16,475 to €29,222
- Tax, wage and social debts -€5,567
down €5,567 (-40.2%), from €13,865 to €8,297
of which Taxes: -€5,010
- Accrued charges and deferred income -€3,036
no longer reported in 2025 (was €3,036)
- Other debts -€2,310
no longer reported in 2025 (was €2,310)
- Gross operating margin -€4,963
down €4,963 (-20.5%), from €24,177 to €19,214
- Taxes -€958
down €958 (-23.0%), from €4,170 to €3,212
- Depreciation -€596
down €596 (-19.8%), from €3,019 to €2,422
- Staff costs +€311
new in 2025: €311
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 | €115,081 | €42,664 | -€72,417 | -62.9% |
| Fixed assets | 21/28 | €4,249 | €1,877 | -€2,372 | -55.8% |
| Tangible fixed assets | 22/27 | €4,249 | €1,827 | -€2,422 | -57.0% |
| Plant, machinery and equipment | 23 | €1,319 | €436 | -€883 | -67.0% |
| Furniture and vehicles | 24 | €2,930 | €1,391 | -€1,539 | -52.5% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €110,832 | €40,787 | -€70,044 | -63.2% |
| Stocks and contracts in progress | 3 | €12,381 | €4,619 | -€7,762 | -62.7% |
| Stocks | 30/36 | €4,619 | €4,619 | = | 0.0% |
| Contracts in progress | 37 | €7,762 | - | -€7,762 | |
| Amounts receivable within one year | 40/41 | €78,884 | €30,341 | -€48,543 | -61.5% |
| Trade receivables | 40 | €78,884 | €28,568 | -€50,316 | -63.8% |
| Other amounts receivable | 41 | - | €1,774 | +€1,774 | |
| Cash at bank and in hand | 54/58 | €19,237 | €5,827 | -€13,410 | -69.7% |
| Deferred charges and accrued income | 490/1 | €330 | - | -€330 | |
| Total equity and liabilities | 10/49 | €115,081 | €42,664 | -€72,417 | -62.9% |
| Equity | 10/15 | €18,975 | €31,722 | +€12,747 | +67.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,475 | €29,222 | +€12,747 | +77.4% |
| Amounts payable | 17/49 | €96,106 | €10,942 | -€85,164 | -88.6% |
| Amounts payable within one year | 42/48 | €93,069 | €10,942 | -€82,128 | -88.2% |
| Trade debts | 44 | €76,895 | €2,644 | -€74,250 | -96.6% |
| Suppliers | 440/4 | €64,592 | €2,644 | -€61,948 | -95.9% |
| Bills of exchange payable | 441 | €12,303 | - | -€12,303 | |
| Taxes, remuneration and social security | 45 | €13,865 | €8,297 | -€5,567 | -40.2% |
| Taxes | 450/3 | €8,223 | €3,212 | -€5,010 | -60.9% |
| Remuneration and social security | 454/9 | €5,642 | €5,085 | -€557 | -9.9% |
| Other amounts payable | 47/48 | €2,310 | - | -€2,310 | |
| Accrued charges and deferred income | 492/3 | €3,036 | - | -€3,036 | |
| Remuneration, social security and pensions | 62 | - | €311 | +€311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,019 | €2,422 | -€596 | -19.8% |
| Other operating charges | 640/8 | €238 | €270 | +€33 | +13.7% |
| Gross operating margin | 9900 | €24,177 | €19,214 | -€4,963 | -20.5% |
| Operating profit (loss) | 9901 | €20,920 | €16,210 | -€4,710 | -22.5% |
| Financial income | 75/76B | €55 | €0 | -€55 | -100.0% |
| Recurring financial income | 75 | €55 | €0 | -€55 | -100.0% |
| Financial charges | 65/66B | €329 | €251 | -€78 | -23.8% |
| Recurring financial charges | 65 | €329 | €251 | -€78 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €20,646 | €15,959 | -€4,687 | -22.7% |
| Income taxes | 67/77 | €4,170 | €3,212 | -€958 | -23.0% |
| Profit (loss) for the period | 9904 | €16,475 | €12,747 | -€3,729 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,475 | €12,747 | -€3,729 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.