MK Grondwerken: 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 Grondwerken
Largest movements
- Receivables within one year +€602,188
up €602,188 (+11,516%), from €5,229 to €607,417
of which Other amounts receivable: +€580,408
- Cash -€288,815
down €288,815 (-23.7%), from €1.2m to €930,266
mainly Receivables within one year (-€602,188) and Contributions, distributions and other (-€370,000)
- Tangible fixed assets -€34,482
down €34,482 (-52.1%), from €66,228 to €31,746
of which Furniture and vehicles: -€23,561
- Other debts +€320,563
up €320,563 (+41,760%), from €768 to €321,330
- Profit (loss) carried forward -€64,704
down €64,704 (-6.4%), from €1.0m to €952,218
- Trade debts +€38,754
up €38,754 (+94.1%), from €41,199 to €79,952
- Tax, wage and social debts -€15,721
down €15,721 (-7.4%), from €212,489 to €196,768
of which Taxes: -€8,599
- Gross operating margin -€53,755
down €53,755 (-8.5%), from €630,365 to €576,610
- Depreciation -€26,859
down €26,859 (-49.8%), from €53,917 to €27,057
- Staff costs -€19,660
down €19,660 (-16.1%), from €122,310 to €102,651
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 | €1,291,838 | €1,570,729 | +€278,891 | +21.6% |
| Fixed assets | 21/28 | €67,528 | €33,046 | -€34,482 | -51.1% |
| Tangible fixed assets | 22/27 | €66,228 | €31,746 | -€34,482 | -52.1% |
| Plant, machinery and equipment | 23 | €26,381 | €15,460 | -€10,921 | -41.4% |
| Furniture and vehicles | 24 | €39,847 | €16,286 | -€23,561 | -59.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €1,224,309 | €1,537,683 | +€313,374 | +25.6% |
| Amounts receivable within one year | 40/41 | €5,229 | €607,417 | +€602,188 | +11,516% |
| Trade receivables | 40 | - | €21,780 | +€21,780 | |
| Other amounts receivable | 41 | €5,229 | €585,637 | +€580,408 | +11,099% |
| Cash at bank and in hand | 54/58 | €1,219,080 | €930,266 | -€288,815 | -23.7% |
| Total equity and liabilities | 10/49 | €1,291,838 | €1,570,729 | +€278,891 | +21.6% |
| Equity | 10/15 | €1,037,382 | €972,678 | -€64,704 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,016,922 | €952,218 | -€64,704 | -6.4% |
| Amounts payable | 17/49 | €254,456 | €598,051 | +€343,595 | +135% |
| Amounts payable within one year | 42/48 | €254,456 | €598,051 | +€343,595 | +135% |
| Trade debts | 44 | €41,199 | €79,952 | +€38,754 | +94.1% |
| Suppliers | 440/4 | €41,199 | €79,952 | +€38,754 | +94.1% |
| Taxes, remuneration and social security | 45 | €212,489 | €196,768 | -€15,721 | -7.4% |
| Taxes | 450/3 | €204,297 | €195,698 | -€8,599 | -4.2% |
| Remuneration and social security | 454/9 | €8,192 | €1,070 | -€7,122 | -86.9% |
| Other amounts payable | 47/48 | €768 | €321,330 | +€320,563 | +41,760% |
| Non-recurring operating income | 76A | €2,500 | €989 | -€1,511 | -60.4% |
| Remuneration, social security and pensions | 62 | €122,310 | €102,651 | -€19,660 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,917 | €27,057 | -€26,859 | -49.8% |
| Other operating charges | 640/8 | €6,048 | €4,964 | -€1,083 | -17.9% |
| Non-recurring operating charges | 66A | €15,333 | €19,045 | +€3,711 | +24.2% |
| Gross operating margin | 9900 | €630,365 | €576,610 | -€53,755 | -8.5% |
| Operating profit (loss) | 9901 | €432,757 | €422,893 | -€9,864 | -2.3% |
| Financial income | 75/76B | €3 | €6 | +€3 | +101% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +101% |
| Financial charges | 65/66B | €1,199 | €501 | -€697 | -58.2% |
| Recurring financial charges | 65 | €1,199 | €501 | -€697 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €431,561 | €422,398 | -€9,164 | -2.1% |
| Income taxes | 67/77 | €114,523 | €117,102 | +€2,579 | +2.3% |
| Profit (loss) for the period | 9904 | €317,038 | €305,296 | -€11,742 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €317,038 | €305,296 | -€11,742 | -3.7% |
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 16 October 2026 via checked.be.