MK & D: 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 & D
Largest movements
- Cash +€15,392
up €15,392 (+6256.9%), from €246 to €15,638
mainly Net result for the year (+€15,663) and Receivables within one year (+€1,189)
- Receivables within one year -€1,189
down €1,189 (-46.6%), from €2,553 to €1,364
of which Other amounts receivable: -€2,553
- Tangible fixed assets -€277
down €277 (-9.1%), from €3,031 to €2,754
- Profit (loss) carried forward +€15,662
up €15,662, from -€12,007 to €3,655
- Trade debts -€1,654
down €1,654 (-17.1%), from €9,695 to €8,041
- Gross operating margin +€21,726
up €21,726, from -€2,234 to €19,492
- Other operating charges -€3,446
down €3,446 (-65.3%), from €5,280 to €1,834
- Financial charges +€1,093
up €1,093 (+610.9%), from €179 to €1,272
- Depreciation +€686
up €686 (+576.4%), from €119 to €805
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 | €5,830 | €19,756 | +€13,926 | +238.9% |
| Fixed assets | 21/28 | €3,031 | €2,754 | -€277 | -9.1% |
| Tangible fixed assets | 22/27 | €3,031 | €2,754 | -€277 | -9.1% |
| Furniture and vehicles | 24 | €3,031 | €2,754 | -€277 | -9.1% |
| Current assets | 29/58 | €2,799 | €17,002 | +€14,203 | +507.4% |
| Amounts receivable within one year | 40/41 | €2,553 | €1,364 | -€1,189 | -46.6% |
| Trade receivables | 40 | - | €1,364 | +€1,364 | |
| Other amounts receivable | 41 | €2,553 | - | -€2,553 | |
| Cash at bank and in hand | 54/58 | €246 | €15,638 | +€15,392 | +6256.9% |
| Total equity and liabilities | 10/49 | €5,830 | €19,756 | +€13,926 | +238.9% |
| Equity | 10/15 | -€3,947 | €11,715 | +€15,662 | |
| 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 | -€12,007 | €3,655 | +€15,662 | |
| Amounts payable | 17/49 | €9,777 | €8,041 | -€1,736 | -17.8% |
| Amounts payable within one year | 42/48 | €9,777 | €8,041 | -€1,736 | -17.8% |
| Trade debts | 44 | €9,695 | €8,041 | -€1,654 | -17.1% |
| Suppliers | 440/4 | €9,695 | €8,041 | -€1,654 | -17.1% |
| Other amounts payable | 47/48 | €82 | - | -€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119 | €805 | +€686 | +576.4% |
| Other operating charges | 640/8 | €5,280 | €1,834 | -€3,446 | -65.3% |
| Non-recurring operating charges | 66A | €90 | - | -€90 | |
| Gross operating margin | 9900 | -€2,234 | €19,492 | +€21,726 | |
| Operating profit (loss) | 9901 | -€7,723 | €16,853 | +€24,576 | |
| Financial income | 75/76B | - | €83 | +€83 | |
| Recurring financial income | 75 | - | €83 | +€83 | |
| Financial charges | 65/66B | €179 | €1,272 | +€1,093 | +610.9% |
| Recurring financial charges | 65 | €179 | €1,272 | +€1,093 | +610.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,902 | €15,663 | +€23,565 | |
| Profit (loss) for the period | 9904 | -€7,902 | €15,663 | +€23,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,902 | €15,663 | +€23,565 |
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 11 October 2026 via checked.be.