MK Renov: 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 Renov
Largest movements
- Cash +€11,399
up €11,399 (+31.0%), from €36,723 to €48,122
mainly Other debts (+€45,256) and Depreciation (+€8,874)
- Tangible fixed assets -€7,203
down €7,203 (-60.2%), from €11,962 to €4,759
of which Furniture and vehicles: -€5,219
- Receivables within one year +€3,581
up €3,581 (+89.2%), from €4,013 to €7,594
- Stocks and contracts +€885
up €885 (+536%), from €165 to €1,050
- Other debts +€45,256
up €45,256 (+4,223%), from €1,072 to €46,328
- Profit (loss) carried forward -€41,494
down €41,494 (-99.9%), from €41,547 to €52
- Tax, wage and social debts +€6,248
new in 2025: €6,248
- Trade debts -€1,147
no longer reported in 2025 (was €1,147)
- Gross operating margin -€6,745
down €6,745 (-25.7%), from €26,247 to €19,501
- Other operating charges -€2,028
down €2,028 (-58.7%), from €3,455 to €1,426
- Taxes -€933
down €933 (-26.0%), from €3,589 to €2,656
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.
Derived cash bridge
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 | €53,766 | €62,628 | +€8,862 | +16.5% |
| Fixed assets | 21/28 | €11,962 | €4,759 | -€7,203 | -60.2% |
| Tangible fixed assets | 22/27 | €11,962 | €4,759 | -€7,203 | -60.2% |
| Plant, machinery and equipment | 23 | €2,144 | €160 | -€1,984 | -92.5% |
| Furniture and vehicles | 24 | €9,817 | €4,599 | -€5,219 | -53.2% |
| Current assets | 29/58 | €41,804 | €57,869 | +€16,065 | +38.4% |
| Stocks and contracts in progress | 3 | €165 | €1,050 | +€885 | +536% |
| Stocks | 30/36 | €165 | €1,050 | +€885 | +536% |
| Amounts receivable within one year | 40/41 | €4,013 | €7,594 | +€3,581 | +89.2% |
| Other amounts receivable | 41 | €4,013 | €7,594 | +€3,581 | +89.2% |
| Cash at bank and in hand | 54/58 | €36,723 | €48,122 | +€11,399 | +31.0% |
| Deferred charges and accrued income | 490/1 | €902 | €1,103 | +€200 | +22.2% |
| Total equity and liabilities | 10/49 | €53,766 | €62,628 | +€8,862 | +16.5% |
| Equity | 10/15 | €51,547 | €10,052 | -€41,494 | -80.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,547 | €52 | -€41,494 | -99.9% |
| Amounts payable | 17/49 | €2,219 | €52,575 | +€50,356 | +2,269% |
| Amounts payable within one year | 42/48 | €2,219 | €52,575 | +€50,356 | +2,269% |
| Trade debts | 44 | €1,147 | - | -€1,147 | |
| Suppliers | 440/4 | €1,147 | - | -€1,147 | |
| Taxes, remuneration and social security | 45 | - | €6,248 | +€6,248 | |
| Taxes | 450/3 | - | €6,248 | +€6,248 | |
| Other amounts payable | 47/48 | €1,072 | €46,328 | +€45,256 | +4,223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,058 | €8,874 | -€184 | -2.0% |
| Other operating charges | 640/8 | €3,455 | €1,426 | -€2,028 | -58.7% |
| Gross operating margin | 9900 | €26,247 | €19,501 | -€6,745 | -25.7% |
| Operating profit (loss) | 9901 | €13,734 | €9,201 | -€4,533 | -33.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +10,200% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10,200% |
| Financial charges | 65/66B | €144 | €140 | -€4 | -2.8% |
| Recurring financial charges | 65 | €144 | €140 | -€4 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €13,590 | €9,062 | -€4,528 | -33.3% |
| Income taxes | 67/77 | €3,589 | €2,656 | -€933 | -26.0% |
| Profit (loss) for the period | 9904 | €10,001 | €6,406 | -€3,595 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,001 | €6,406 | -€3,595 | -35.9% |
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 25 October 2026 via checked.be.