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 +€5,422
up €5,422 (+502.8%), from €1,078 to €6,500
- Cash +€4,959
up €4,959 (+117.4%), from €4,226 to €9,186
mainly Other debts (+€5,871) and Receivables within one year (+€3,339)
- Receivables within one year -€3,339
down €3,339 (-56.4%), from €5,921 to €2,582
of which Trade receivables: -€4,899
- Other debts +€5,871
up €5,871 (+318.9%), from €1,841 to €7,712
- Trade debts +€2,107
up €2,107 (+72.1%), from €2,921 to €5,027
- Tax, wage and social debts -€1,327
down €1,327 (-81.2%), from €1,635 to €308
of which Remuneration and social security: -€1,550
- Profit (loss) carried forward +€480
up €480 (+20.2%), from €2,381 to €2,861
- Staff costs +€25,121
new in 2025: €25,121
- Gross operating margin +€24,009
up €24,009 (+514.4%), from €4,668 to €28,677
- Depreciation +€793
up €793 (+294.1%), from €270 to €1,062
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 | €11,777 | €18,908 | +€7,132 | +60.6% |
| Fixed assets | 21/28 | €1,478 | €6,900 | +€5,422 | +366.8% |
| Tangible fixed assets | 22/27 | €1,078 | €6,500 | +€5,422 | +502.8% |
| Furniture and vehicles | 24 | €1,078 | €6,500 | +€5,422 | +502.8% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €10,298 | €12,008 | +€1,710 | +16.6% |
| Amounts receivable within one year | 40/41 | €5,921 | €2,582 | -€3,339 | -56.4% |
| Trade receivables | 40 | €4,899 | - | -€4,899 | |
| Other amounts receivable | 41 | €1,022 | €2,582 | +€1,560 | +152.7% |
| Cash at bank and in hand | 54/58 | €4,226 | €9,186 | +€4,959 | +117.4% |
| Deferred charges and accrued income | 490/1 | €152 | €241 | +€89 | +58.7% |
| Total equity and liabilities | 10/49 | €11,777 | €18,908 | +€7,132 | +60.6% |
| Equity | 10/15 | €5,381 | €5,861 | +€480 | +8.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,381 | €2,861 | +€480 | +20.2% |
| Amounts payable | 17/49 | €6,396 | €13,048 | +€6,652 | +104.0% |
| Amounts payable within one year | 42/48 | €6,396 | €13,048 | +€6,652 | +104.0% |
| Trade debts | 44 | €2,921 | €5,027 | +€2,107 | +72.1% |
| Suppliers | 440/4 | €2,921 | €5,027 | +€2,107 | +72.1% |
| Taxes, remuneration and social security | 45 | €1,635 | €308 | -€1,327 | -81.2% |
| Taxes | 450/3 | €85 | €308 | +€223 | +264.1% |
| Remuneration and social security | 454/9 | €1,550 | - | -€1,550 | |
| Other amounts payable | 47/48 | €1,841 | €7,712 | +€5,871 | +318.9% |
| Remuneration, social security and pensions | 62 | - | €25,121 | +€25,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €1,062 | +€793 | +294.1% |
| Other operating charges | 640/8 | €890 | €784 | -€106 | -11.9% |
| Gross operating margin | 9900 | €4,668 | €28,677 | +€24,009 | +514.4% |
| Operating profit (loss) | 9901 | €3,508 | €1,710 | -€1,799 | -51.3% |
| Financial income | 75/76B | €2 | €37 | +€35 | +1955.9% |
| Recurring financial income | 75 | €2 | €37 | +€35 | +1955.9% |
| Financial charges | 65/66B | €118 | €78 | -€39 | -33.5% |
| Recurring financial charges | 65 | €118 | €78 | -€39 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €3,393 | €1,668 | -€1,724 | -50.8% |
| Income taxes | 67/77 | €1,012 | €1,188 | +€177 | +17.5% |
| Profit (loss) for the period | 9904 | €2,381 | €480 | -€1,901 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,381 | €480 | -€1,901 | -79.8% |
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 7 October 2026 via checked.be.