MK INSIGHTS: 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 INSIGHTS
Largest movements
- Cash +€79,197
up €79,197 (+269.9%), from €29,342 to €108,539
mainly Net result for the year (+€80,749) and Tax, wage and social debts (+€7,247)
- Receivables within one year +€9,218
up €9,218 (+45.6%), from €20,207 to €29,425
- Reserves +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€19,251
down €19,251 (-68.0%), from €28,301 to €9,050
- Tax, wage and social debts +€7,247
up €7,247 (+37.2%), from €19,485 to €26,732
of which Taxes: +€7,247
- Gross operating margin +€67,175
up €67,175 (+188.8%), from €35,574 to €102,749
- Taxes +€14,219
up €14,219 (+196.6%), from €7,232 to €21,451
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 | €50,911 | €138,866 | +€87,955 | +172.8% |
| Fixed assets | 21/28 | €1,361 | €902 | -€459 | -33.7% |
| Tangible fixed assets | 22/27 | €1,361 | €902 | -€459 | -33.7% |
| Plant, machinery and equipment | 23 | €1,361 | €902 | -€459 | -33.7% |
| Current assets | 29/58 | €49,549 | €137,964 | +€88,415 | +178.4% |
| Amounts receivable within one year | 40/41 | €20,207 | €29,425 | +€9,218 | +45.6% |
| Trade receivables | 40 | €20,207 | €29,425 | +€9,218 | +45.6% |
| Cash at bank and in hand | 54/58 | €29,342 | €108,539 | +€79,197 | +269.9% |
| Total equity and liabilities | 10/49 | €50,911 | €138,866 | +€87,955 | +172.8% |
| Equity | 10/15 | €31,301 | €112,050 | +€80,749 | +258.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €100,000 | +€100,000 | |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €28,301 | €9,050 | -€19,251 | -68.0% |
| Amounts payable | 17/49 | €19,610 | €26,816 | +€7,207 | +36.8% |
| Amounts payable within one year | 42/48 | €19,610 | €26,816 | +€7,207 | +36.8% |
| Trade debts | 44 | €124 | €84 | -€40 | -32.4% |
| Suppliers | 440/4 | €124 | €84 | -€40 | -32.4% |
| Taxes, remuneration and social security | 45 | €19,485 | €26,732 | +€7,247 | +37.2% |
| Taxes | 450/3 | €17,885 | €25,132 | +€7,247 | +40.5% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | €459 | +€443 | +2620.4% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €35,574 | €102,749 | +€67,175 | +188.8% |
| Operating profit (loss) | 9901 | €35,557 | €102,231 | +€66,675 | +187.5% |
| Financial charges | 65/66B | €23 | €32 | +€8 | +36.0% |
| Recurring financial charges | 65 | €23 | €32 | +€8 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €35,534 | €102,200 | +€66,666 | +187.6% |
| Income taxes | 67/77 | €7,232 | €21,451 | +€14,219 | +196.6% |
| Profit (loss) for the period | 9904 | €28,301 | €80,749 | +€52,447 | +185.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,301 | €80,749 | +€52,447 | +185.3% |
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 11 October 2026 via checked.be.