MK HOLDING: 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 HOLDING
Largest movements
- Receivables after one year -€12,565
down €12,565 (-4.6%), from €273,279 to €260,714
- Deferred charges and accrued income -€8,497
down €8,497 (-21.8%), from €38,987 to €30,490
- Profit (loss) carried forward -€32,062
down €32,062 (-12.4%), from €257,590 to €225,528
- Other debts +€20,000
up €20,000 (+8564.6%), from €234 to €20,234
- Debts after one year -€10,417
down €10,417 (-62.6%), from €16,637 to €6,220
- Tax, wage and social debts -€9,369
down €9,369 (-42.7%), from €21,933 to €12,564
- Short-term financial debts +€4,977
new in 2025: €4,977
- Gross operating margin -€92,448
down €92,448, from €48,893 to -€43,555
- Financial income -€48,608
down €48,608 (-77.1%), from €63,076 to €14,469
of which Non-recurring financial income: -€63,076
- Taxes -€11,407
down €11,407 (-96.7%), from €11,802 to €395
- Financial charges -€1,254
down €1,254 (-50.3%), from €2,495 to €1,241
- Other operating charges -€523
down €523 (-53.1%), from €984 to €462
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 | €316,048 | €291,577 | -€24,472 | -7.7% |
| Fixed assets | 21/28 | €1,199 | €321 | -€878 | -73.2% |
| Tangible fixed assets | 22/27 | €1,199 | €321 | -€878 | -73.2% |
| Furniture and vehicles | 24 | €1,199 | €321 | -€878 | -73.2% |
| Current assets | 29/58 | €314,850 | €291,256 | -€23,594 | -7.5% |
| Amounts receivable after more than one year | 29 | €273,279 | €260,714 | -€12,565 | -4.6% |
| Other amounts receivable | 291 | €273,279 | €260,714 | -€12,565 | -4.6% |
| Cash at bank and in hand | 54/58 | €2,583 | €52 | -€2,531 | -98.0% |
| Deferred charges and accrued income | 490/1 | €38,987 | €30,490 | -€8,497 | -21.8% |
| Total equity and liabilities | 10/49 | €316,048 | €291,577 | -€24,472 | -7.7% |
| Equity | 10/15 | €265,120 | €233,058 | -€32,062 | -12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,329 | €1,329 | = | 0.0% |
| Distributable reserves | 133 | €1,329 | €1,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,590 | €225,528 | -€32,062 | -12.4% |
| Amounts payable | 17/49 | €50,929 | €58,519 | +€7,590 | +14.9% |
| Amounts payable after more than one year | 17 | €16,637 | €6,220 | -€10,417 | -62.6% |
| Financial debts | 170/4 | €16,637 | €6,220 | -€10,417 | -62.6% |
| Amounts payable within one year | 42/48 | €34,292 | €52,299 | +€18,007 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €10,116 | €10,417 | +€301 | +3.0% |
| Financial debts | 43 | - | €4,977 | +€4,977 | |
| Credit institutions | 430/8 | - | €4,977 | +€4,977 | |
| Trade debts | 44 | €2,010 | €4,107 | +€2,098 | +104.4% |
| Suppliers | 440/4 | €2,010 | €4,107 | +€2,098 | +104.4% |
| Taxes, remuneration and social security | 45 | €21,933 | €12,564 | -€9,369 | -42.7% |
| Taxes | 450/3 | €21,933 | €12,564 | -€9,369 | -42.7% |
| Other amounts payable | 47/48 | €234 | €20,234 | +€20,000 | +8564.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €878 | -€142 | -13.9% |
| Other operating charges | 640/8 | €984 | €462 | -€523 | -53.1% |
| Gross operating margin | 9900 | €48,893 | -€43,555 | -€92,448 | |
| Operating profit (loss) | 9901 | €46,889 | -€44,895 | -€91,784 | |
| Financial income | 75/76B | €63,076 | €14,469 | -€48,608 | -77.1% |
| Recurring financial income | 75 | €63,076 | €14,469 | -€48,608 | -77.1% |
| Non-recurring financial income | 76B | €63,076 | - | -€63,076 | |
| Financial charges | 65/66B | €2,495 | €1,241 | -€1,254 | -50.3% |
| Recurring financial charges | 65 | €2,495 | €1,241 | -€1,254 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €107,470 | -€31,666 | -€139,137 | |
| Income taxes | 67/77 | €11,802 | €395 | -€11,407 | -96.7% |
| Profit (loss) for the period | 9904 | €95,669 | -€32,062 | -€127,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,669 | -€32,062 | -€127,730 |
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 8 October 2026 via checked.be.