MK-CONSTRUCT: 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-CONSTRUCT
Largest movements
- Receivables within one year +€275,129
up €275,129 (+129.6%), from €212,356 to €487,485
of which Trade receivables: +€276,576
- Stocks and contracts -€153,445
down €153,445 (-85.3%), from €179,933 to €26,488
- Cash +€100,441
up €100,441 (+210.3%), from €47,752 to €148,194
mainly Stocks and contracts (+€153,445) and Depreciation (+€123,920)
- Tangible fixed assets -€48,626
down €48,626 (-5.3%), from €913,063 to €864,437
of which Plant, machinery and equipment: -€52,457
- Trade debts +€122,571
up €122,571 (+93.4%), from €131,173 to €253,743
- Reserves +€86,582
up €86,582 (+27.0%), from €320,340 to €406,923
- Debts after one year -€58,425
down €58,425 (-12.5%), from €465,554 to €407,129
- Other debts +€30,247
up €30,247 (+11.3%), from €266,888 to €297,135
- Gross operating margin +€112,293
up €112,293 (+67.6%), from €166,203 to €278,496
- Taxes +€30,074
up €30,074 (+1105.4%), from €2,721 to €32,795
- Depreciation +€7,109
up €7,109 (+6.1%), from €116,811 to €123,920
- Other operating charges +€3,446
up €3,446 (+123.9%), from €2,782 to €6,228
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 | €1,356,865 | €1,530,415 | +€173,550 | +12.8% |
| Fixed assets | 21/28 | €913,448 | €864,822 | -€48,626 | -5.3% |
| Tangible fixed assets | 22/27 | €913,063 | €864,437 | -€48,626 | -5.3% |
| Land and buildings | 22 | €617,680 | €575,628 | -€42,052 | -6.8% |
| Plant, machinery and equipment | 23 | €291,595 | €239,138 | -€52,457 | -18.0% |
| Furniture and vehicles | 24 | €3,788 | €49,671 | +€45,883 | +1211.3% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €443,418 | €665,593 | +€222,175 | +50.1% |
| Stocks and contracts in progress | 3 | €179,933 | €26,488 | -€153,445 | -85.3% |
| Stocks | 30/36 | €179,933 | €26,488 | -€153,445 | -85.3% |
| Amounts receivable within one year | 40/41 | €212,356 | €487,485 | +€275,129 | +129.6% |
| Trade receivables | 40 | €172,856 | €449,431 | +€276,576 | +160.0% |
| Other amounts receivable | 41 | €39,500 | €38,053 | -€1,447 | -3.7% |
| Cash at bank and in hand | 54/58 | €47,752 | €148,194 | +€100,441 | +210.3% |
| Deferred charges and accrued income | 490/1 | €3,376 | €3,426 | +€50 | +1.5% |
| Total equity and liabilities | 10/49 | €1,356,865 | €1,530,415 | +€173,550 | +12.8% |
| Equity | 10/15 | €332,740 | €419,323 | +€86,582 | +26.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €320,340 | €406,923 | +€86,582 | +27.0% |
| Distributable reserves | 133 | €320,340 | €406,923 | +€86,582 | +27.0% |
| Amounts payable | 17/49 | €1,024,125 | €1,111,092 | +€86,967 | +8.5% |
| Amounts payable after more than one year | 17 | €465,554 | €407,129 | -€58,425 | -12.5% |
| Financial debts | 170/4 | €465,554 | €407,129 | -€58,425 | -12.5% |
| Amounts payable within one year | 42/48 | €514,836 | €674,984 | +€160,148 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €57,772 | €58,425 | +€653 | +1.1% |
| Trade debts | 44 | €131,173 | €253,743 | +€122,571 | +93.4% |
| Suppliers | 440/4 | €131,173 | €253,743 | +€122,571 | +93.4% |
| Taxes, remuneration and social security | 45 | €59,003 | €65,681 | +€6,678 | +11.3% |
| Taxes | 450/3 | €3,000 | €15,864 | +€12,864 | +428.8% |
| Remuneration and social security | 454/9 | €56,003 | €49,817 | -€6,186 | -11.0% |
| Other amounts payable | 47/48 | €266,888 | €297,135 | +€30,247 | +11.3% |
| Accrued charges and deferred income | 492/3 | €43,735 | €28,980 | -€14,756 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,811 | €123,920 | +€7,109 | +6.1% |
| Other operating charges | 640/8 | €2,782 | €6,228 | +€3,446 | +123.9% |
| Gross operating margin | 9900 | €166,203 | €278,496 | +€112,293 | +67.6% |
| Operating profit (loss) | 9901 | €46,610 | €148,348 | +€101,738 | +218.3% |
| Financial income | 75/76B | €1,649 | €2,090 | +€440 | +26.7% |
| Recurring financial income | 75 | €1,649 | €2,090 | +€440 | +26.7% |
| Financial charges | 65/66B | €29,496 | €30,202 | +€706 | +2.4% |
| Recurring financial charges | 65 | €29,496 | €30,202 | +€706 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €18,763 | €120,236 | +€101,473 | +540.8% |
| Income taxes | 67/77 | €2,721 | €32,795 | +€30,074 | +1105.4% |
| Profit (loss) for the period | 9904 | €16,042 | €87,441 | +€71,399 | +445.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,042 | €87,441 | +€71,399 | +445.1% |
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 10 October 2026 via checked.be.