MK RENOVATIONS-CONSTRUCT: 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 RENOVATIONS-CONSTRUCT
Largest movements
- Receivables within one year -€19,122
down €19,122 (-5.0%), from €379,850 to €360,728
of which Trade receivables: -€22,272
- Cash +€16,889
up €16,889 (+235.2%), from €7,181 to €24,070
mainly Receivables within one year (+€19,122) and Depreciation (+€17,374)
- Tax, wage and social debts -€18,409
down €18,409 (-75.3%), from €24,445 to €6,036
of which Remuneration and social security: -€16,400
- Trade debts +€10,954
up €10,954 (+3.8%), from €287,615 to €298,569
- Profit (loss) carried forward +€7,866
up €7,866 (+16.5%), from €47,580 to €55,446
- Debts after one year -€7,274
down €7,274 (-30.0%), from €24,275 to €17,001
- Other operating charges +€23,208
up €23,208 (+843.6%), from €2,751 to €25,959
- Gross operating margin +€9,418
up €9,418 (+19.0%), from €49,492 to €58,910
- Taxes -€3,362
down €3,362 (-41.8%), from €8,045 to €4,683
- Financial charges -€1,656
down €1,656 (-35.1%), from €4,722 to €3,066
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 | €529,476 | €522,084 | -€7,392 | -1.4% |
| Fixed assets | 21/28 | €138,019 | €137,286 | -€733 | -0.5% |
| Tangible fixed assets | 22/27 | €137,969 | €137,236 | -€733 | -0.5% |
| Land and buildings | 22 | €69,457 | €67,476 | -€1,981 | -2.9% |
| Plant, machinery and equipment | 23 | €1,927 | €1,928 | +€1 | 0.0% |
| Furniture and vehicles | 24 | €66,585 | €67,833 | +€1,248 | +1.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €391,457 | €384,798 | -€6,659 | -1.7% |
| Amounts receivable within one year | 40/41 | €379,850 | €360,728 | -€19,122 | -5.0% |
| Trade receivables | 40 | €369,116 | €346,844 | -€22,272 | -6.0% |
| Other amounts receivable | 41 | €10,734 | €13,884 | +€3,150 | +29.3% |
| Cash at bank and in hand | 54/58 | €7,181 | €24,070 | +€16,889 | +235.2% |
| Deferred charges and accrued income | 490/1 | €4,426 | - | -€4,426 | |
| Total equity and liabilities | 10/49 | €529,476 | €522,084 | -€7,392 | -1.4% |
| Equity | 10/15 | €55,840 | €63,706 | +€7,866 | +14.1% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,580 | €55,446 | +€7,866 | +16.5% |
| Amounts payable | 17/49 | €473,636 | €458,379 | -€15,257 | -3.2% |
| Amounts payable after more than one year | 17 | €24,275 | €17,001 | -€7,274 | -30.0% |
| Financial debts | 170/4 | €24,275 | €17,001 | -€7,274 | -30.0% |
| Amounts payable within one year | 42/48 | €449,361 | €441,378 | -€7,983 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €7,274 | €7,274 | +€0 | 0.0% |
| Trade debts | 44 | €287,615 | €298,569 | +€10,954 | +3.8% |
| Suppliers | 440/4 | €287,615 | €298,569 | +€10,954 | +3.8% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €24,445 | €6,036 | -€18,409 | -75.3% |
| Taxes | 450/3 | €8,045 | €6,036 | -€2,009 | -25.0% |
| Remuneration and social security | 454/9 | €16,400 | - | -€16,400 | |
| Other amounts payable | 47/48 | €130,027 | €128,499 | -€1,528 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,423 | €17,374 | -€49 | -0.3% |
| Other operating charges | 640/8 | €2,751 | €25,959 | +€23,208 | +843.6% |
| Gross operating margin | 9900 | €49,492 | €58,910 | +€9,418 | +19.0% |
| Operating profit (loss) | 9901 | €29,318 | €15,577 | -€13,741 | -46.9% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €4,722 | €3,066 | -€1,656 | -35.1% |
| Recurring financial charges | 65 | €4,722 | €3,066 | -€1,656 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €24,596 | €12,549 | -€12,047 | -49.0% |
| Income taxes | 67/77 | €8,045 | €4,683 | -€3,362 | -41.8% |
| Profit (loss) for the period | 9904 | €16,551 | €7,866 | -€8,685 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,551 | €7,866 | -€8,685 | -52.5% |
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 9 October 2026 via checked.be.