MK DECO: what changed
Two fiscal 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 DECO
Largest movements
- Stocks and contracts -€114,335
down €114,335 (-29.4%), from €389,538 to €275,203
- Tangible fixed assets +€73,296
up €73,296 (+244.6%), from €29,960 to €103,257
of which Furniture and vehicles: +€73,540
- Receivables within one year +€53,496
up €53,496 (+13.4%), from €397,852 to €451,348
of which Other amounts receivable: +€34,158
- Cash -€30,101
down €30,101 (-50.7%), from €59,352 to €29,252
mainly Investment in fixed assets (net) (-€91,939) and Trade debts (-€61,617)
- Deferred charges and accrued income -€11,344
no longer reported in 2025 (was €11,344)
- Trade debts -€61,617
down €61,617 (-59.1%), from €104,272 to €42,655
- Debts after one year +€61,384
new in 2025: €61,384
- Profit (loss) carried forward -€38,045
down €38,045 (-19.2%), from €197,887 to €159,843
- Current portion of long-term debt +€12,638
up €12,638 (+107.1%), from €11,800 to €24,438
- Tax, wage and social debts -€9,894
down €9,894 (-21.5%), from €45,977 to €36,082
of which Taxes: -€8,954
- Gross operating margin -€119,065
down €119,065 (-53.9%), from €220,826 to €101,761
- Other operating charges +€72,554
up €72,554 (+639.0%), from €11,354 to €83,908
- Taxes -€30,972
down €30,972 (-96.0%), from €32,254 to €1,282
- Staff costs -€21,803
down €21,803 (-44.1%), from €49,494 to €27,690
- Depreciation +€5,973
up €5,973 (+50.5%), from €11,839 to €17,812
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 | €889,157 | €861,000 | -€28,156 | -3.2% |
| Fixed assets | 21/28 | €31,070 | €105,198 | +€74,128 | +238.6% |
| Tangible fixed assets | 22/27 | €29,960 | €103,257 | +€73,296 | +244.6% |
| Plant, machinery and equipment | 23 | €396 | €152 | -€244 | -61.6% |
| Furniture and vehicles | 24 | €29,564 | €103,105 | +€73,540 | +248.7% |
| Financial fixed assets | 28 | €1,110 | €1,941 | +€831 | +74.9% |
| Current assets | 29/58 | €858,086 | €755,802 | -€102,284 | -11.9% |
| Stocks and contracts in progress | 3 | €389,538 | €275,203 | -€114,335 | -29.4% |
| Stocks | 30/36 | €389,538 | €275,203 | -€114,335 | -29.4% |
| Amounts receivable within one year | 40/41 | €397,852 | €451,348 | +€53,496 | +13.4% |
| Trade receivables | 40 | €349,088 | €368,426 | +€19,338 | +5.5% |
| Other amounts receivable | 41 | €48,764 | €82,922 | +€34,158 | +70.0% |
| Cash at bank and in hand | 54/58 | €59,352 | €29,252 | -€30,101 | -50.7% |
| Deferred charges and accrued income | 490/1 | €11,344 | - | -€11,344 | |
| Total equity and liabilities | 10/49 | €889,157 | €861,000 | -€28,156 | -3.2% |
| Equity | 10/15 | €724,949 | €686,904 | -€38,045 | -5.2% |
| Contributions | 10/11 | €137,400 | €137,400 | = | 0.0% |
| Outside capital | 11 | €137,400 | €137,400 | = | 0.0% |
| Other | 1109/19 | €137,400 | €137,400 | = | 0.0% |
| Reserves | 13 | €389,661 | €389,661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,740 | €13,740 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,740 | €13,740 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,630 | €12,630 | = | 0.0% |
| Distributable reserves | 133 | €363,291 | €363,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,887 | €159,843 | -€38,045 | -19.2% |
| Amounts payable | 17/49 | €164,208 | €174,097 | +€9,889 | +6.0% |
| Amounts payable after more than one year | 17 | - | €61,384 | +€61,384 | |
| Financial debts | 170/4 | - | €61,384 | +€61,384 | |
| Amounts payable within one year | 42/48 | €164,208 | €112,713 | -€51,495 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €11,800 | €24,438 | +€12,638 | +107.1% |
| Trade debts | 44 | €104,272 | €42,655 | -€61,617 | -59.1% |
| Suppliers | 440/4 | €104,272 | €42,655 | -€61,617 | -59.1% |
| Advances received on contracts in progress | 46 | - | €8,377 | +€8,377 | |
| Taxes, remuneration and social security | 45 | €45,977 | €36,082 | -€9,894 | -21.5% |
| Taxes | 450/3 | €38,376 | €29,422 | -€8,954 | -23.3% |
| Remuneration and social security | 454/9 | €7,601 | €6,660 | -€941 | -12.4% |
| Other amounts payable | 47/48 | €2,160 | €1,161 | -€999 | -46.3% |
| Remuneration, social security and pensions | 62 | €49,494 | €27,690 | -€21,803 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,839 | €17,812 | +€5,973 | +50.5% |
| Other operating charges | 640/8 | €11,354 | €83,908 | +€72,554 | +639.0% |
| Gross operating margin | 9900 | €220,826 | €101,761 | -€119,065 | -53.9% |
| Operating profit (loss) | 9901 | €148,139 | -€27,649 | -€175,788 | |
| Financial income | 75/76B | €135 | €417 | +€282 | +208.6% |
| Recurring financial income | 75 | €135 | €417 | +€282 | +208.6% |
| Financial charges | 65/66B | €8,221 | €9,531 | +€1,311 | +15.9% |
| Recurring financial charges | 65 | €8,221 | €9,531 | +€1,311 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €140,054 | -€36,763 | -€176,817 | |
| Income taxes | 67/77 | €32,254 | €1,282 | -€30,972 | -96.0% |
| Profit (loss) for the period | 9904 | €107,800 | -€38,045 | -€145,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,800 | -€38,045 | -€145,845 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.