MK MED: 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 MED
Largest movements
- Deferred charges and accrued income -€10,279
down €10,279 (-58.2%), from €17,667 to €7,388
- Receivables within one year -€3,315
down €3,315 (-52.7%), from €6,286 to €2,971
- Cash -€1,571
down €1,571 (-2.9%), from €53,766 to €52,195
mainly Other debts (-€18,753) and Tax, wage and social debts (-€9,872)
- Tangible fixed assets -€889
down €889 (-68.4%), from €1,300 to €411
of which Furniture and vehicles: -€712
- Other debts -€18,753
down €18,753 (-88.0%), from €21,312 to €2,559
- Reserves +€12,474
up €12,474 (+32.1%), from €38,846 to €51,321
- Tax, wage and social debts -€9,872
down €9,872 (-60.3%), from €16,360 to €6,487
- Financial charges -€24,131
down €24,131 (-59.8%), from €40,328 to €16,197
- Gross operating margin -€6,105
down €6,105 (-14.3%), from €42,628 to €36,523
- Taxes +€4,255
up €4,255 (+381.3%), from €1,116 to €5,371
- Other operating charges +€1,451
up €1,451, from €0 to €1,451
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 | €79,018 | €62,965 | -€16,054 | -20.3% |
| Fixed assets | 21/28 | €1,300 | €411 | -€889 | -68.4% |
| Tangible fixed assets | 22/27 | €1,300 | €411 | -€889 | -68.4% |
| Plant, machinery and equipment | 23 | €250 | €74 | -€177 | -70.6% |
| Furniture and vehicles | 24 | €1,049 | €337 | -€712 | -67.9% |
| Current assets | 29/58 | €77,719 | €62,554 | -€15,165 | -19.5% |
| Amounts receivable within one year | 40/41 | €6,286 | €2,971 | -€3,315 | -52.7% |
| Other amounts receivable | 41 | €6,286 | €2,971 | -€3,315 | -52.7% |
| Cash at bank and in hand | 54/58 | €53,766 | €52,195 | -€1,571 | -2.9% |
| Deferred charges and accrued income | 490/1 | €17,667 | €7,388 | -€10,279 | -58.2% |
| Total equity and liabilities | 10/49 | €79,018 | €62,965 | -€16,054 | -20.3% |
| Equity | 10/15 | €41,346 | €53,821 | +€12,474 | +30.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,846 | €51,321 | +€12,474 | +32.1% |
| Distributable reserves | 133 | €38,846 | €51,321 | +€12,474 | +32.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €37,672 | €9,144 | -€28,528 | -75.7% |
| Amounts payable within one year | 42/48 | €37,672 | €9,144 | -€28,528 | -75.7% |
| Trade debts | 44 | €0 | €97 | +€97 | |
| Suppliers | 440/4 | €0 | €97 | +€97 | |
| Taxes, remuneration and social security | 45 | €16,360 | €6,487 | -€9,872 | -60.3% |
| Taxes | 450/3 | €16,360 | €6,487 | -€9,872 | -60.3% |
| Other amounts payable | 47/48 | €21,312 | €2,559 | -€18,753 | -88.0% |
| Remuneration, social security and pensions | 62 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €889 | €889 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €1,451 | +€1,451 | |
| Gross operating margin | 9900 | €42,628 | €36,523 | -€6,105 | -14.3% |
| Operating profit (loss) | 9901 | €41,739 | €34,043 | -€7,696 | -18.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €40,328 | €16,197 | -€24,131 | -59.8% |
| Recurring financial charges | 65 | €40,328 | €16,197 | -€24,131 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €1,411 | €17,846 | +€16,435 | +1164.9% |
| Income taxes | 67/77 | €1,116 | €5,371 | +€4,255 | +381.3% |
| Profit (loss) for the period | 9904 | €295 | €12,474 | +€12,180 | +4130.3% |
| Profit (loss) for the period to be appropriated | 9905 | €295 | €12,474 | +€12,180 | +4130.3% |
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 30 September 2026 via checked.be.