MK Projects: 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 Projects
Largest movements
- Tangible fixed assets +€67,240
up €67,240 (+35.1%), from €191,685 to €258,925
of which Leasing and similar rights: +€71,072
- Deferred charges and accrued income -€8,635
down €8,635 (-81.5%), from €10,595 to €1,960
- Receivables within one year +€3,114
up €3,114 (+67.3%), from €4,630 to €7,745
of which Other amounts receivable: +€7,551
- Cash -€2,902
down €2,902 (-85.0%), from €3,415 to €513
mainly Investment in fixed assets (net) (-€86,063) and Receivables within one year (-€3,114)
- Debts after one year +€45,954
up €45,954 (+42.9%), from €107,205 to €153,159
- Reserves +€12,725
up €12,725 (+74.4%), from €17,093 to €29,818
- Current portion of long-term debt +€3,618
up €3,618 (+16.2%), from €22,359 to €25,977
- Financial charges +€6,882
up €6,882 (+290.3%), from €2,370 to €9,252
- Gross operating margin +€4,810
up €4,810 (+10.5%), from €45,875 to €50,685
- Taxes -€3,102
down €3,102 (-43.2%), from €7,175 to €4,073
- Other operating charges +€2,979
up €2,979 (+102.6%), from €2,904 to €5,882
- Depreciation +€2,451
up €2,451 (+15.0%), from €16,373 to €18,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,325 | €269,143 | +€58,818 | +28.0% |
| Fixed assets | 21/28 | €191,685 | €258,925 | +€67,240 | +35.1% |
| Tangible fixed assets | 22/27 | €191,685 | €258,925 | +€67,240 | +35.1% |
| Land and buildings | 22 | €168,425 | €168,425 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,472 | €2,474 | +€1 | +0.1% |
| Furniture and vehicles | 24 | €8,181 | €4,348 | -€3,833 | -46.9% |
| Leasing and similar rights | 25 | €12,606 | €83,678 | +€71,072 | +563.8% |
| Current assets | 29/58 | €18,640 | €10,218 | -€8,422 | -45.2% |
| Amounts receivable within one year | 40/41 | €4,630 | €7,745 | +€3,114 | +67.3% |
| Trade receivables | 40 | €4,436 | - | -€4,436 | |
| Other amounts receivable | 41 | €194 | €7,745 | +€7,551 | +3887.5% |
| Cash at bank and in hand | 54/58 | €3,415 | €513 | -€2,902 | -85.0% |
| Deferred charges and accrued income | 490/1 | €10,595 | €1,960 | -€8,635 | -81.5% |
| Total equity and liabilities | 10/49 | €210,325 | €269,143 | +€58,818 | +28.0% |
| Equity | 10/15 | €18,593 | €31,318 | +€12,725 | +68.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €17,093 | €29,818 | +€12,725 | +74.4% |
| Distributable reserves | 133 | €17,093 | €29,818 | +€12,725 | +74.4% |
| Amounts payable | 17/49 | €191,732 | €237,825 | +€46,093 | +24.0% |
| Amounts payable after more than one year | 17 | €107,205 | €153,159 | +€45,954 | +42.9% |
| Financial debts | 170/4 | €107,205 | €153,159 | +€45,954 | +42.9% |
| Amounts payable within one year | 42/48 | €82,196 | €84,666 | +€2,470 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €22,359 | €25,977 | +€3,618 | +16.2% |
| Trade debts | 44 | €7,715 | €9,974 | +€2,259 | +29.3% |
| Suppliers | 440/4 | €7,715 | €9,974 | +€2,259 | +29.3% |
| Taxes, remuneration and social security | 45 | €12,567 | €11,270 | -€1,298 | -10.3% |
| Taxes | 450/3 | €12,567 | €11,270 | -€1,298 | -10.3% |
| Other amounts payable | 47/48 | €39,554 | €37,446 | -€2,109 | -5.3% |
| Accrued charges and deferred income | 492/3 | €2,332 | - | -€2,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,373 | €18,823 | +€2,451 | +15.0% |
| Other operating charges | 640/8 | €2,904 | €5,882 | +€2,979 | +102.6% |
| Gross operating margin | 9900 | €45,875 | €50,685 | +€4,810 | +10.5% |
| Operating profit (loss) | 9901 | €26,599 | €25,980 | -€619 | -2.3% |
| Financial income | 75/76B | €39 | €71 | +€32 | +81.0% |
| Recurring financial income | 75 | €39 | €71 | +€32 | +81.0% |
| Financial charges | 65/66B | €2,370 | €9,252 | +€6,882 | +290.3% |
| Recurring financial charges | 65 | €2,370 | €9,252 | +€6,882 | +290.3% |
| Profit (loss) for the period before taxes | 9903 | €24,268 | €16,798 | -€7,469 | -30.8% |
| Income taxes | 67/77 | €7,175 | €4,073 | -€3,102 | -43.2% |
| Profit (loss) for the period | 9904 | €17,093 | €12,725 | -€4,368 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,093 | €12,725 | -€4,368 | -25.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.