MK GROUP CONSTRUCTION: 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 GROUP CONSTRUCTION
Largest movements
- Receivables within one year +€29,084
up €29,084 (+41.0%), from €70,878 to €99,962
of which Trade receivables: +€29,929
- Cash +€1,843
up €1,843 (+48.7%), from €3,781 to €5,624
mainly Net result for the year (+€26,156) and Tax, wage and social debts (+€21,632)
- Profit (loss) carried forward +€26,156
up €26,156 (+153%), from €17,104 to €43,260
- Tax, wage and social debts +€21,632
up €21,632 (+143%), from €15,151 to €36,783
of which Remuneration and social security: +€17,282
- Advances received -€18,000
no longer reported in 2024 (was €18,000)
- Gross operating margin +€33,253
up €33,253 (+479%), from €6,944 to €40,196
- Taxes +€5,084
up €5,084 (+204%), from €2,493 to €7,577
- Staff costs +€3,522
new in 2024: €3,522
- Other operating charges -€840
down €840 (-32.6%), from €2,576 to €1,736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,992 | €108,206 | +€30,214 | +38.7% |
| Fixed assets | 21/28 | €3,220 | €2,399 | -€822 | -25.5% |
| Tangible fixed assets | 22/27 | €3,160 | €2,339 | -€822 | -26.0% |
| Furniture and vehicles | 24 | €3,160 | €2,339 | -€822 | -26.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €74,772 | €105,807 | +€31,035 | +41.5% |
| Amounts receivable within one year | 40/41 | €70,878 | €99,962 | +€29,084 | +41.0% |
| Trade receivables | 40 | €69,182 | €99,111 | +€29,929 | +43.3% |
| Other amounts receivable | 41 | €1,696 | €851 | -€845 | -49.8% |
| Cash at bank and in hand | 54/58 | €3,781 | €5,624 | +€1,843 | +48.7% |
| Deferred charges and accrued income | 490/1 | €113 | €221 | +€108 | +96.1% |
| Total equity and liabilities | 10/49 | €77,992 | €108,206 | +€30,214 | +38.7% |
| Equity | 10/15 | €23,104 | €49,260 | +€26,156 | +113% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,104 | €43,260 | +€26,156 | +153% |
| Amounts payable | 17/49 | €54,888 | €58,946 | +€4,058 | +7.4% |
| Amounts payable within one year | 42/48 | €54,888 | €58,946 | +€4,058 | +7.4% |
| Trade debts | 44 | €21,737 | €22,163 | +€426 | +2.0% |
| Suppliers | 440/4 | €21,737 | €22,163 | +€426 | +2.0% |
| Advances received on contracts in progress | 46 | €18,000 | - | -€18,000 | |
| Taxes, remuneration and social security | 45 | €15,151 | €36,783 | +€21,632 | +143% |
| Taxes | 450/3 | €8,371 | €12,720 | +€4,350 | +52.0% |
| Remuneration and social security | 454/9 | €6,780 | €24,063 | +€17,282 | +255% |
| Remuneration, social security and pensions | 62 | - | €3,522 | +€3,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613 | €822 | +€208 | +33.9% |
| Other operating charges | 640/8 | €2,576 | €1,736 | -€840 | -32.6% |
| Gross operating margin | 9900 | €6,944 | €40,196 | +€33,253 | +479% |
| Operating profit (loss) | 9901 | €3,754 | €34,116 | +€30,362 | +809% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €342 | €384 | +€41 | +12.1% |
| Recurring financial charges | 65 | €342 | €384 | +€41 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €3,412 | €33,733 | +€30,321 | +889% |
| Income taxes | 67/77 | €2,493 | €7,577 | +€5,084 | +204% |
| Profit (loss) for the period | 9904 | €918 | €26,156 | +€25,237 | +2,748% |
| Profit (loss) for the period to be appropriated | 9905 | €918 | €26,156 | +€25,237 | +2,748% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.