MK METAAL: 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 METAAL
Largest movements
- Cash -€184,796
down €184,796 (-52.2%), from €354,038 to €169,242
mainly Contributions, distributions and other (-€772,235) and Debts after one year (-€106,085)
- Tangible fixed assets -€98,109
down €98,109 (-11.7%), from €839,472 to €741,363
of which Leasing and similar rights: -€103,805
- Receivables within one year -€66,088
down €66,088 (-19.1%), from €346,713 to €280,625
of which Trade receivables: -€64,991
- Current investments +€50,000
new in 2026: €50,000
- Stocks and contracts +€21,009
up €21,009 (+44.2%), from €47,506 to €68,515
- Reserves -€532,222
down €532,222 (-73.9%), from €719,850 to €187,628
- Other debts +€500,461
up €500,461 (+25,490%), from €1,963 to €502,424
- Debts after one year -€106,085
down €106,085 (-21.4%), from €495,991 to €389,906
- Trade debts -€81,184
down €81,184 (-47.4%), from €171,218 to €90,034
- Tax, wage and social debts -€29,175
down €29,175 (-46.4%), from €62,929 to €33,754
of which Taxes: -€40,366
- Gross operating margin +€178,729
up €178,729 (+17.1%), from €1.0m to €1.2m
- Staff costs +€134,901
up €134,901 (+23.7%), from €568,600 to €703,500
- Taxes +€17,606
up €17,606 (+22.6%), from €77,830 to €95,436
- Depreciation +€13,399
up €13,399 (+8.6%), from €156,265 to €169,664
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,587,729 | €1,319,356 | -€268,373 | -16.9% |
| Fixed assets | 21/28 | €839,472 | €750,974 | -€88,498 | -10.5% |
| Tangible fixed assets | 22/27 | €839,472 | €741,363 | -€98,109 | -11.7% |
| Land and buildings | 22 | €4,569 | €3,046 | -€1,523 | -33.3% |
| Plant, machinery and equipment | 23 | €129,945 | €133,357 | +€3,413 | +2.6% |
| Furniture and vehicles | 24 | €75,393 | €79,599 | +€4,206 | +5.6% |
| Leasing and similar rights | 25 | €626,767 | €522,962 | -€103,805 | -16.6% |
| Other tangible fixed assets | 26 | €2,798 | €2,398 | -€400 | -14.3% |
| Financial fixed assets | 28 | - | €9,611 | +€9,611 | |
| Current assets | 29/58 | €748,257 | €568,382 | -€179,875 | -24.0% |
| Stocks and contracts in progress | 3 | €47,506 | €68,515 | +€21,009 | +44.2% |
| Stocks | 30/36 | €47,506 | €68,515 | +€21,009 | +44.2% |
| Amounts receivable within one year | 40/41 | €346,713 | €280,625 | -€66,088 | -19.1% |
| Trade receivables | 40 | €291,994 | €227,002 | -€64,991 | -22.3% |
| Other amounts receivable | 41 | €54,719 | €53,622 | -€1,096 | -2.0% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €354,038 | €169,242 | -€184,796 | -52.2% |
| Total equity and liabilities | 10/49 | €1,587,729 | €1,319,356 | -€268,373 | -16.9% |
| Equity | 10/15 | €729,850 | €197,628 | -€532,222 | -72.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €719,850 | €187,628 | -€532,222 | -73.9% |
| Distributable reserves | 133 | €719,850 | €187,628 | -€532,222 | -73.9% |
| Amounts payable | 17/49 | €857,879 | €1,121,727 | +€263,849 | +30.8% |
| Amounts payable after more than one year | 17 | €495,991 | €389,906 | -€106,085 | -21.4% |
| Financial debts | 170/4 | €495,991 | €389,906 | -€106,085 | -21.4% |
| Amounts payable within one year | 42/48 | €361,888 | €731,822 | +€369,934 | +102% |
| Current portion of amounts payable after more than one year | 42 | €125,778 | €105,609 | -€20,169 | -16.0% |
| Trade debts | 44 | €171,218 | €90,034 | -€81,184 | -47.4% |
| Suppliers | 440/4 | €171,218 | €90,034 | -€81,184 | -47.4% |
| Taxes, remuneration and social security | 45 | €62,929 | €33,754 | -€29,175 | -46.4% |
| Taxes | 450/3 | €48,225 | €7,859 | -€40,366 | -83.7% |
| Remuneration and social security | 454/9 | €14,704 | €25,895 | +€11,191 | +76.1% |
| Other amounts payable | 47/48 | €1,963 | €502,424 | +€500,461 | +25,490% |
| Remuneration, social security and pensions | 62 | €568,600 | €703,500 | +€134,901 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,265 | €169,664 | +€13,399 | +8.6% |
| Other operating charges | 640/8 | €3,588 | €6,505 | +€2,917 | +81.3% |
| Gross operating margin | 9900 | €1,047,821 | €1,226,550 | +€178,729 | +17.1% |
| Operating profit (loss) | 9901 | €319,369 | €346,881 | +€27,513 | +8.6% |
| Financial income | 75/76B | €3,036 | €2,859 | -€178 | -5.8% |
| Recurring financial income | 75 | €3,036 | €2,859 | -€178 | -5.8% |
| Financial charges | 65/66B | €21,252 | €14,292 | -€6,960 | -32.8% |
| Recurring financial charges | 65 | €21,252 | €14,292 | -€6,960 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €301,153 | €335,449 | +€34,295 | +11.4% |
| Income taxes | 67/77 | €77,830 | €95,436 | +€17,606 | +22.6% |
| Profit (loss) for the period | 9904 | €223,324 | €240,013 | +€16,689 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €223,324 | €240,013 | +€16,689 | +7.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.