MK-INVEST: what changed
MK-INVEST
Largest movements
- Cash +€11,561
up €11,561 (+1,266%), from €913 to €12,474
mainly Depreciation (+€13,513) and Net result for the year (+€8,907)
- Receivables within one year -€4,384
down €4,384 (-16.0%), from €27,455 to €23,072
of which Trade receivables: -€4,580
- Deferred charges and accrued income -€2,260
down €2,260 (-54.0%), from €4,187 to €1,928
- Other debts -€9,874
down €9,874 (-58.6%), from €16,858 to €6,984
- Reserves +€8,907
up €8,907 (+45.5%), from €19,592 to €28,500
- Tax, wage and social debts +€4,999
up €4,999 (+158%), from €3,164 to €8,163
- Trade debts -€4,490
down €4,490 (-53.6%), from €8,375 to €3,885
- Debts after one year +€3,212
new in 2025: €3,212
- Depreciation -€8,029
down €8,029 (-37.3%), from €21,543 to €13,513
- Gross operating margin +€7,358
up €7,358 (+22.4%), from €32,834 to €40,193
- Financial charges +€5,631
up €5,631 (+195%), from €2,895 to €8,526
- Taxes +€4,027
up €4,027 (+203%), from €1,988 to €6,015
- Other operating charges +€1,827
up €1,827 (+130%), from €1,402 to €3,230
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,989 | €55,015 | +€5,027 | +10.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €17,433 | €17,541 | +€108 | +0.6% |
| Tangible fixed assets | 22/27 | €17,433 | €17,541 | +€108 | +0.6% |
| Land and buildings | 22 | - | €4,065 | +€4,065 | |
| Plant, machinery and equipment | 23 | €507 | €1,650 | +€1,143 | +225% |
| Furniture and vehicles | 24 | €16,926 | €11,826 | -€5,100 | -30.1% |
| Current assets | 29/58 | €32,556 | €37,474 | +€4,918 | +15.1% |
| Amounts receivable within one year | 40/41 | €27,455 | €23,072 | -€4,384 | -16.0% |
| Trade receivables | 40 | €26,700 | €22,120 | -€4,580 | -17.2% |
| Other amounts receivable | 41 | €755 | €952 | +€196 | +26.0% |
| Cash at bank and in hand | 54/58 | €913 | €12,474 | +€11,561 | +1,266% |
| Deferred charges and accrued income | 490/1 | €4,187 | €1,928 | -€2,260 | -54.0% |
| Total equity and liabilities | 10/49 | €49,989 | €55,015 | +€5,027 | +10.1% |
| Equity | 10/15 | €21,592 | €30,500 | +€8,907 | +41.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,592 | €28,500 | +€8,907 | +45.5% |
| Distributable reserves | 133 | €19,592 | €28,500 | +€8,907 | +45.5% |
| Amounts payable | 17/49 | €28,397 | €24,516 | -€3,881 | -13.7% |
| Amounts payable after more than one year | 17 | - | €3,212 | +€3,212 | |
| Financial debts | 170/4 | - | €3,212 | +€3,212 | |
| Amounts payable within one year | 42/48 | €28,397 | €21,304 | -€7,093 | -25.0% |
| Financial debts | 43 | - | €2,272 | +€2,272 | |
| Credit institutions | 430/8 | - | €2,272 | +€2,272 | |
| Trade debts | 44 | €8,375 | €3,885 | -€4,490 | -53.6% |
| Suppliers | 440/4 | €8,375 | €3,885 | -€4,490 | -53.6% |
| Taxes, remuneration and social security | 45 | €3,164 | €8,163 | +€4,999 | +158% |
| Taxes | 450/3 | €3,164 | €8,163 | +€4,999 | +158% |
| Other amounts payable | 47/48 | €16,858 | €6,984 | -€9,874 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,543 | €13,513 | -€8,029 | -37.3% |
| Other operating charges | 640/8 | €1,402 | €3,230 | +€1,827 | +130% |
| Gross operating margin | 9900 | €32,834 | €40,193 | +€7,358 | +22.4% |
| Operating profit (loss) | 9901 | €9,889 | €23,449 | +€13,560 | +137% |
| Financial charges | 65/66B | €2,895 | €8,526 | +€5,631 | +195% |
| Recurring financial charges | 65 | €2,895 | €8,526 | +€5,631 | +195% |
| Profit (loss) for the period before taxes | 9903 | €6,994 | €14,923 | +€7,929 | +113% |
| Income taxes | 67/77 | €1,988 | €6,015 | +€4,027 | +203% |
| Profit (loss) for the period | 9904 | €5,006 | €8,907 | +€3,902 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,006 | €8,907 | +€3,902 | +78.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.