MK Real Estate: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MK Real Estate
Largest movements
- Stocks and contracts -€567,222
down €567,222 (-19.1%), from €3.0m to €2.4m
- Short-term financial debts -€535,133
down €535,133 (-22.2%), from €2.4m to €1.9m
- Other debts -€281,010
down €281,010 (-55.6%), from €505,161 to €224,151
- Trade debts +€261,426
up €261,426 (+803%), from €32,564 to €293,991
- Gross operating margin +€53,932
up €53,932 (+313,739%), from €17 to €53,949
- Financial charges +€48,160
up €48,160 (+2,279%), from €2,113 to €50,273
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,967,513 | €2,403,513 | -€564,000 | -19.0% |
| Fixed assets | 21/28 | €1,076 | €1,076 | = | 0.0% |
| Financial fixed assets | 28 | €1,076 | €1,076 | = | 0.0% |
| Current assets | 29/58 | €2,966,437 | €2,402,437 | -€564,000 | -19.0% |
| Stocks and contracts in progress | 3 | €2,966,437 | €2,399,215 | -€567,222 | -19.1% |
| Stocks | 30/36 | €2,966,437 | €2,399,215 | -€567,222 | -19.1% |
| Cash at bank and in hand | 54/58 | - | €3,222 | +€3,222 | |
| Total equity and liabilities | 10/49 | €2,967,513 | €2,403,513 | -€564,000 | -19.0% |
| Equity | 10/15 | €1,209 | €4,486 | +€3,277 | +271% |
| Reserves | 13 | €7,288 | €7,288 | = | 0.0% |
| Distributable reserves | 133 | €7,288 | €7,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,079 | -€2,802 | +€3,277 | +53.9% |
| Amounts payable | 17/49 | €2,966,303 | €2,399,027 | -€567,276 | -19.1% |
| Amounts payable within one year | 42/48 | €2,961,518 | €2,391,305 | -€570,213 | -19.3% |
| Financial debts | 43 | €2,408,133 | €1,873,000 | -€535,133 | -22.2% |
| Credit institutions | 430/8 | €2,408,133 | €1,873,000 | -€535,133 | -22.2% |
| Trade debts | 44 | €32,564 | €293,991 | +€261,426 | +803% |
| Suppliers | 440/4 | €32,564 | €293,991 | +€261,426 | +803% |
| Taxes, remuneration and social security | 45 | €15,660 | €163 | -€15,497 | -99.0% |
| Taxes | 450/3 | €15,660 | €163 | -€15,497 | -99.0% |
| Other amounts payable | 47/48 | €505,161 | €224,151 | -€281,010 | -55.6% |
| Accrued charges and deferred income | 492/3 | €4,785 | €7,722 | +€2,937 | +61.4% |
| Other operating charges | 640/8 | €406 | €400 | -€6 | -1.5% |
| Gross operating margin | 9900 | €17 | €53,949 | +€53,932 | +313,739% |
| Operating profit (loss) | 9901 | -€388 | €53,549 | +€53,938 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,113 | €50,273 | +€48,160 | +2,279% |
| Recurring financial charges | 65 | €2,113 | €50,273 | +€48,160 | +2,279% |
| Profit (loss) for the period before taxes | 9903 | -€2,501 | €3,277 | +€5,778 | |
| Profit (loss) for the period | 9904 | -€2,501 | €3,277 | +€5,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,501 | €3,277 | +€5,778 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.