MK REAL SERVICES: 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 REAL SERVICES
Largest movements
- Financial fixed assets -€63,000
no longer reported in 2025 (was €63,000)
- Tangible fixed assets +€60,448
up €60,448 (+60.9%), from €99,201 to €159,649
of which Land and buildings: +€61,715
- Cash -€3,288
down €3,288 (-79.6%), from €4,131 to €843
mainly Net result for the year (-€35,091) and Investment in fixed assets (net) (-€7,228)
- Profit (loss) carried forward -€35,091
down €35,091 (-73.9%), from -€47,515 to -€82,607
- Other debts +€32,316
up €32,316 (+21.7%), from €149,229 to €181,545
- Debts after one year -€3,215
down €3,215 (-27.8%), from €11,554 to €8,339
- Gross operating margin -€55,681
down €55,681, from €45,755 to -€9,926
- Other operating charges +€15,719
up €15,719 (+1119.5%), from €1,404 to €17,123
- Depreciation +€4,201
up €4,201 (+75.3%), from €5,579 to €9,780
- Financial charges -€3,887
down €3,887 (-81.1%), from €4,794 to €908
- Financial income +€2,485
up €2,485 (+1538.4%), from €162 to €2,646
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 | €166,332 | €160,492 | -€5,840 | -3.5% |
| Fixed assets | 21/28 | €162,201 | €159,649 | -€2,552 | -1.6% |
| Tangible fixed assets | 22/27 | €99,201 | €159,649 | +€60,448 | +60.9% |
| Land and buildings | 22 | €54,435 | €116,150 | +€61,715 | +113.4% |
| Furniture and vehicles | 24 | - | €2,775 | +€2,775 | |
| Other tangible fixed assets | 26 | €44,766 | €40,724 | -€4,042 | -9.0% |
| Financial fixed assets | 28 | €63,000 | - | -€63,000 | |
| Current assets | 29/58 | €4,131 | €843 | -€3,288 | -79.6% |
| Cash at bank and in hand | 54/58 | €4,131 | €843 | -€3,288 | -79.6% |
| Total equity and liabilities | 10/49 | €166,332 | €160,492 | -€5,840 | -3.5% |
| Equity | 10/15 | €2,485 | -€32,607 | -€35,091 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Share premium | 1100/10 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,515 | -€82,607 | -€35,091 | -73.9% |
| Amounts payable | 17/49 | €163,848 | €193,098 | +€29,251 | +17.9% |
| Amounts payable after more than one year | 17 | €11,554 | €8,339 | -€3,215 | -27.8% |
| Financial debts | 170/4 | €11,554 | €8,339 | -€3,215 | -27.8% |
| Amounts payable within one year | 42/48 | €152,294 | €184,760 | +€32,466 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €3,065 | €3,215 | +€150 | +4.9% |
| Other amounts payable | 47/48 | €149,229 | €181,545 | +€32,316 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,579 | €9,780 | +€4,201 | +75.3% |
| Other operating charges | 640/8 | €1,404 | €17,123 | +€15,719 | +1119.5% |
| Gross operating margin | 9900 | €45,755 | -€9,926 | -€55,681 | |
| Operating profit (loss) | 9901 | €38,772 | -€36,830 | -€75,602 | |
| Financial income | 75/76B | €162 | €2,646 | +€2,485 | +1538.4% |
| Recurring financial income | 75 | €162 | €2,646 | +€2,485 | +1538.4% |
| Financial charges | 65/66B | €4,794 | €908 | -€3,887 | -81.1% |
| Recurring financial charges | 65 | €4,794 | €908 | -€3,887 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €34,139 | -€35,091 | -€69,230 | |
| Profit (loss) for the period | 9904 | €34,139 | -€35,091 | -€69,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,139 | -€35,091 | -€69,230 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.