MK MATERIAUX: 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 MATERIAUX
Largest movements
- Receivables within one year -€440,962
down €440,962 (-44.6%), from €989,504 to €548,541
of which Trade receivables: -€453,679
- Cash +€138,973
up €138,973 (+89.2%), from €155,816 to €294,789
mainly Receivables within one year (+€440,962) and Other debts (+€310,000)
- Tangible fixed assets +€112,713
up €112,713 (+34.7%), from €324,741 to €437,455
of which Furniture and vehicles: +€142,249
- Stocks and contracts +€50,016
up €50,016 (+5.3%), from €944,782 to €994,798
- Intangible fixed assets -€48,552
down €48,552 (-26.4%), from €183,652 to €135,100
- Trade debts -€360,854
down €360,854 (-39.0%), from €925,122 to €564,268
- Other debts +€310,000
up €310,000 (+10,575%), from €2,931 to €312,931
- Debts after one year -€92,673
down €92,673 (-28.1%), from €330,073 to €237,400
- Profit (loss) carried forward -€84,945
down €84,945 (-9.1%), from €932,489 to €847,544
- Gross operating margin +€192,319
up €192,319 (+22.2%), from €866,106 to €1.1m
- Staff costs +€130,960
up €130,960 (+31.0%), from €422,126 to €553,086
- Write-downs -€32,540
down €32,540 (-52.5%), from €62,037 to €29,497
- Depreciation +€17,803
up €17,803 (+16.6%), from €107,311 to €125,113
- Financial charges +€14,306
up €14,306 (+47.3%), from €30,251 to €44,557
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 | €2,637,461 | €2,457,830 | -€179,631 | -6.8% |
| Fixed assets | 21/28 | €539,888 | €607,980 | +€68,091 | +12.6% |
| Intangible fixed assets | 21 | €183,652 | €135,100 | -€48,552 | -26.4% |
| Tangible fixed assets | 22/27 | €324,741 | €437,455 | +€112,713 | +34.7% |
| Plant, machinery and equipment | 23 | €562 | €192 | -€370 | -65.9% |
| Furniture and vehicles | 24 | €66,207 | €208,455 | +€142,249 | +215% |
| Leasing and similar rights | 25 | €77,104 | €51,795 | -€25,308 | -32.8% |
| Other tangible fixed assets | 26 | €180,869 | €177,012 | -€3,857 | -2.1% |
| Financial fixed assets | 28 | €31,495 | €35,425 | +€3,930 | +12.5% |
| Current assets | 29/58 | €2,097,573 | €1,849,851 | -€247,723 | -11.8% |
| Stocks and contracts in progress | 3 | €944,782 | €994,798 | +€50,016 | +5.3% |
| Stocks | 30/36 | €944,782 | €994,798 | +€50,016 | +5.3% |
| Amounts receivable within one year | 40/41 | €989,504 | €548,541 | -€440,962 | -44.6% |
| Trade receivables | 40 | €744,217 | €290,539 | -€453,679 | -61.0% |
| Other amounts receivable | 41 | €245,286 | €258,002 | +€12,716 | +5.2% |
| Cash at bank and in hand | 54/58 | €155,816 | €294,789 | +€138,973 | +89.2% |
| Deferred charges and accrued income | 490/1 | €7,472 | €11,723 | +€4,251 | +56.9% |
| Total equity and liabilities | 10/49 | €2,637,461 | €2,457,830 | -€179,631 | -6.8% |
| Equity | 10/15 | €1,032,489 | €947,544 | -€84,945 | -8.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €932,489 | €847,544 | -€84,945 | -9.1% |
| Amounts payable | 17/49 | €1,604,972 | €1,510,286 | -€94,686 | -5.9% |
| Amounts payable after more than one year | 17 | €330,073 | €237,400 | -€92,673 | -28.1% |
| Financial debts | 170/4 | €330,073 | €237,400 | -€92,673 | -28.1% |
| Amounts payable within one year | 42/48 | €1,274,899 | €1,272,886 | -€2,013 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €211,313 | €233,805 | +€22,492 | +10.6% |
| Trade debts | 44 | €925,122 | €564,268 | -€360,854 | -39.0% |
| Suppliers | 440/4 | €925,122 | €564,268 | -€360,854 | -39.0% |
| Taxes, remuneration and social security | 45 | €135,533 | €161,882 | +€26,349 | +19.4% |
| Taxes | 450/3 | €90,486 | €69,619 | -€20,867 | -23.1% |
| Remuneration and social security | 454/9 | €45,046 | €92,262 | +€47,216 | +105% |
| Other amounts payable | 47/48 | €2,931 | €312,931 | +€310,000 | +10,575% |
| Non-recurring operating income | 76A | - | €7,236 | +€7,236 | |
| Remuneration, social security and pensions | 62 | €422,126 | €553,086 | +€130,960 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,311 | €125,113 | +€17,803 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,037 | €29,497 | -€32,540 | -52.5% |
| Other operating charges | 640/8 | €29,551 | €33,673 | +€4,123 | +14.0% |
| Non-recurring operating charges | 66A | - | €4,578 | +€4,578 | |
| Gross operating margin | 9900 | €866,106 | €1,058,425 | +€192,319 | +22.2% |
| Operating profit (loss) | 9901 | €245,082 | €312,477 | +€67,395 | +27.5% |
| Financial income | 75/76B | €18,099 | €30,809 | +€12,710 | +70.2% |
| Recurring financial income | 75 | €18,099 | €30,809 | +€12,710 | +70.2% |
| Financial charges | 65/66B | €30,251 | €44,557 | +€14,306 | +47.3% |
| Recurring financial charges | 65 | €30,251 | €44,557 | +€14,306 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €232,930 | €298,729 | +€65,799 | +28.2% |
| Income taxes | 67/77 | €80,464 | €73,674 | -€6,790 | -8.4% |
| Profit (loss) for the period | 9904 | €152,466 | €225,055 | +€72,589 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €152,466 | €225,055 | +€72,589 | +47.6% |
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 31 October 2026 via checked.be.