MK ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€154,786
up €154,786 (+135.3%), from €114,417 to €269,203
mainly Trade debts (+€104,028) and Deferred charges and accrued income (+€99,047)
- Deferred charges and accrued income -€99,047
down €99,047 (-64.0%), from €154,741 to €55,694
- Receivables within one year +€62,320
up €62,320 (+14.8%), from €420,713 to €483,033
of which Trade receivables: +€104,749
- Tangible fixed assets -€25,735
down €25,735 (-34.6%), from €74,305 to €48,570
of which Furniture and vehicles: -€25,567
- Trade debts +€104,028
up €104,028 (+115.5%), from €90,041 to €194,069
- Other debts +€30,000
new in 2025: €30,000
- Accrued charges and deferred income -€23,115
down €23,115 (-75.5%), from €30,615 to €7,500
- Debts after one year -€17,578
down €17,578 (-50.9%), from €34,567 to €16,989
- Profit (loss) carried forward +€10,928
up €10,928 (+4.1%), from €264,530 to €275,458
- Gross operating margin +€63,160
up €63,160 (+5.7%), from €1.1m to €1.2m
- Staff costs +€26,203
up €26,203 (+2.6%), from €1.0m to €1.0m
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 | €776,036 | €867,625 | +€91,589 | +11.8% |
| Fixed assets | 21/28 | €86,166 | €59,696 | -€26,470 | -30.7% |
| Intangible fixed assets | 21 | €953 | €218 | -€735 | -77.1% |
| Tangible fixed assets | 22/27 | €74,305 | €48,570 | -€25,735 | -34.6% |
| Plant, machinery and equipment | 23 | €672 | €504 | -€168 | -25.0% |
| Furniture and vehicles | 24 | €73,633 | €48,066 | -€25,567 | -34.7% |
| Financial fixed assets | 28 | €10,908 | €10,908 | = | 0.0% |
| Current assets | 29/58 | €689,871 | €807,930 | +€118,059 | +17.1% |
| Amounts receivable within one year | 40/41 | €420,713 | €483,033 | +€62,320 | +14.8% |
| Trade receivables | 40 | €378,284 | €483,033 | +€104,749 | +27.7% |
| Other amounts receivable | 41 | €42,429 | - | -€42,429 | |
| Cash at bank and in hand | 54/58 | €114,417 | €269,203 | +€154,786 | +135.3% |
| Deferred charges and accrued income | 490/1 | €154,741 | €55,694 | -€99,047 | -64.0% |
| Total equity and liabilities | 10/49 | €776,036 | €867,625 | +€91,589 | +11.8% |
| Equity | 10/15 | €328,222 | €339,150 | +€10,928 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,100 | €45,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,100 | €45,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,530 | €275,458 | +€10,928 | +4.1% |
| Amounts payable | 17/49 | €447,814 | €528,476 | +€80,662 | +18.0% |
| Amounts payable after more than one year | 17 | €34,567 | €16,989 | -€17,578 | -50.9% |
| Financial debts | 170/4 | €34,567 | €16,989 | -€17,578 | -50.9% |
| Amounts payable within one year | 42/48 | €382,632 | €503,987 | +€121,355 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €20,521 | €12,630 | -€7,892 | -38.5% |
| Financial debts | 43 | €99,021 | €96,641 | -€2,380 | -2.4% |
| Credit institutions | 430/8 | €99,021 | €96,641 | -€2,380 | -2.4% |
| Trade debts | 44 | €90,041 | €194,069 | +€104,028 | +115.5% |
| Suppliers | 440/4 | €90,041 | €194,069 | +€104,028 | +115.5% |
| Taxes, remuneration and social security | 45 | €173,049 | €170,647 | -€2,402 | -1.4% |
| Taxes | 450/3 | €67,745 | €50,662 | -€17,083 | -25.2% |
| Remuneration and social security | 454/9 | €105,304 | €119,985 | +€14,681 | +13.9% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €30,615 | €7,500 | -€23,115 | -75.5% |
| Non-recurring operating income | 76A | - | €1,437 | +€1,437 | |
| Remuneration, social security and pensions | 62 | €1,000,961 | €1,027,163 | +€26,203 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,628 | €19,434 | -€3,193 | -14.1% |
| Other operating charges | 640/8 | €1,556 | €1,650 | +€94 | +6.1% |
| Non-recurring operating charges | 66A | - | €54,385 | +€54,385 | |
| Gross operating margin | 9900 | €1,107,645 | €1,170,805 | +€63,160 | +5.7% |
| Operating profit (loss) | 9901 | €82,501 | €68,172 | -€14,329 | -17.4% |
| Financial income | 75/76B | €3,068 | €957 | -€2,111 | -68.8% |
| Recurring financial income | 75 | €3,068 | €957 | -€2,111 | -68.8% |
| Financial charges | 65/66B | €6,282 | €6,282 | -€1 | 0.0% |
| Recurring financial charges | 65 | €6,282 | €6,282 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €79,287 | €62,848 | -€16,439 | -20.7% |
| Income taxes | 67/77 | €26,248 | €21,920 | -€4,328 | -16.5% |
| Profit (loss) for the period | 9904 | €53,039 | €40,928 | -€12,111 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,039 | €40,928 | -€12,111 | -22.8% |
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 3 October 2026 via checked.be.