MK PAVING: 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 PAVING
Largest movements
- Receivables within one year +€124,387
up €124,387 (+86.5%), from €143,798 to €268,186
of which Trade receivables: +€79,444
- Cash -€25,080
down €25,080 (-63.6%), from €39,429 to €14,349
mainly Receivables within one year (-€124,387) and Contributions, distributions and other (-€115,000)
- Tangible fixed assets -€19,000
down €19,000 (-10.2%), from €186,421 to €167,421
of which Leasing and similar rights: -€21,919
- Other debts +€57,669
up €57,669 (+136.2%), from €42,331 to €100,000
- Profit (loss) carried forward +€20,984
up €20,984 (+10.8%), from €194,472 to €215,456
- Current portion of long-term debt +€11,377
up €11,377 (+58.4%), from €19,477 to €30,854
- Debts after one year -€5,873
down €5,873 (-7.3%), from €80,484 to €74,611
- Tax, wage and social debts -€5,747
down €5,747 (-27.7%), from €20,747 to €15,000
- Gross operating margin +€122,577
up €122,577 (+42.7%), from €287,330 to €409,907
- Depreciation +€27,820
up €27,820 (+118.7%), from €23,441 to €51,261
- Taxes +€16,204
up €16,204 (+205.4%), from €7,889 to €24,093
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 | €369,662 | €449,970 | +€80,307 | +21.7% |
| Fixed assets | 21/28 | €186,421 | €167,421 | -€19,000 | -10.2% |
| Tangible fixed assets | 22/27 | €186,421 | €167,421 | -€19,000 | -10.2% |
| Plant, machinery and equipment | 23 | €11,125 | €5,365 | -€5,760 | -51.8% |
| Furniture and vehicles | 24 | €65,702 | €74,380 | +€8,679 | +13.2% |
| Leasing and similar rights | 25 | €109,595 | €87,676 | -€21,919 | -20.0% |
| Current assets | 29/58 | €183,241 | €282,548 | +€99,307 | +54.2% |
| Amounts receivable within one year | 40/41 | €143,798 | €268,186 | +€124,387 | +86.5% |
| Trade receivables | 40 | €139,994 | €219,437 | +€79,444 | +56.7% |
| Other amounts receivable | 41 | €3,805 | €48,748 | +€44,943 | +1181.2% |
| Cash at bank and in hand | 54/58 | €39,429 | €14,349 | -€25,080 | -63.6% |
| Deferred charges and accrued income | 490/1 | €13 | €13 | = | 0.0% |
| Total equity and liabilities | 10/49 | €369,662 | €449,970 | +€80,307 | +21.7% |
| Equity | 10/15 | €204,472 | €225,456 | +€20,984 | +10.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Share premium | 1100/10 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,472 | €215,456 | +€20,984 | +10.8% |
| Amounts payable | 17/49 | €165,190 | €224,513 | +€59,324 | +35.9% |
| Amounts payable after more than one year | 17 | €80,484 | €74,611 | -€5,873 | -7.3% |
| Financial debts | 170/4 | €80,484 | €74,611 | -€5,873 | -7.3% |
| Amounts payable within one year | 42/48 | €84,706 | €149,902 | +€65,196 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €19,477 | €30,854 | +€11,377 | +58.4% |
| Trade debts | 44 | €2,152 | €4,049 | +€1,897 | +88.2% |
| Suppliers | 440/4 | €2,152 | €4,049 | +€1,897 | +88.2% |
| Taxes, remuneration and social security | 45 | €20,747 | €15,000 | -€5,747 | -27.7% |
| Taxes | 450/3 | €20,747 | €15,000 | -€5,747 | -27.7% |
| Other amounts payable | 47/48 | €42,331 | €100,000 | +€57,669 | +136.2% |
| Remuneration, social security and pensions | 62 | €193,280 | €191,037 | -€2,243 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,441 | €51,261 | +€27,820 | +118.7% |
| Other operating charges | 640/8 | €173 | €2,318 | +€2,145 | +1237.5% |
| Gross operating margin | 9900 | €287,330 | €409,907 | +€122,577 | +42.7% |
| Operating profit (loss) | 9901 | €70,435 | €165,291 | +€94,856 | +134.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €3,368 | €5,214 | +€1,846 | +54.8% |
| Recurring financial charges | 65 | €3,368 | €5,214 | +€1,846 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €67,078 | €160,077 | +€93,000 | +138.6% |
| Income taxes | 67/77 | €7,889 | €24,093 | +€16,204 | +205.4% |
| Profit (loss) for the period | 9904 | €59,188 | €135,984 | +€76,796 | +129.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,188 | €135,984 | +€76,796 | +129.7% |
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 9 October 2026 via checked.be.