MK service: 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 service
Largest movements
- Tangible fixed assets +€198,505
up €198,505 (+163%), from €121,561 to €320,066
of which Land and buildings: +€182,806
- Cash +€20,570
up €20,570 (+441%), from €4,665 to €25,235
mainly Debts after one year (+€188,852) and Depreciation (+€27,482)
- Receivables within one year -€10,369
no longer reported in 2025 (was €10,369)
of which Trade receivables: -€10,299
- Debts after one year +€188,852
up €188,852 (+1,254%), from €15,055 to €203,907
- Trade debts +€22,630
up €22,630 (+283%), from €7,990 to €30,620
- Current portion of long-term debt +€12,466
up €12,466 (+213%), from €5,847 to €18,313
- Profit (loss) carried forward -€10,565
new in 2025: -€10,565
- Depreciation +€10,709
up €10,709 (+63.8%), from €16,773 to €27,482
- Financial charges +€10,305
up €10,305 (+1,041%), from €990 to €11,294
- Gross operating margin +€4,933
up €4,933 (+18.3%), from €26,962 to €31,895
- Taxes -€1,071
no longer reported in 2025 (was €1,071)
- Other operating charges +€672
up €672 (+65.6%), from €1,024 to €1,696
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 | €138,824 | €351,178 | +€212,354 | +153% |
| Fixed assets | 21/28 | €121,561 | €320,066 | +€198,505 | +163% |
| Tangible fixed assets | 22/27 | €121,561 | €320,066 | +€198,505 | +163% |
| Land and buildings | 22 | €76,789 | €259,595 | +€182,806 | +238% |
| Plant, machinery and equipment | 23 | €2,783 | €28,922 | +€26,139 | +939% |
| Furniture and vehicles | 24 | €41,988 | €31,548 | -€10,440 | -24.9% |
| Current assets | 29/58 | €17,263 | €31,112 | +€13,849 | +80.2% |
| Stocks and contracts in progress | 3 | €1,200 | €3,225 | +€2,025 | +169% |
| Stocks | 30/36 | €1,200 | €3,225 | +€2,025 | +169% |
| Amounts receivable within one year | 40/41 | €10,369 | - | -€10,369 | |
| Trade receivables | 40 | €10,299 | - | -€10,299 | |
| Other amounts receivable | 41 | €70 | - | -€70 | |
| Cash at bank and in hand | 54/58 | €4,665 | €25,235 | +€20,570 | +441% |
| Deferred charges and accrued income | 490/1 | €1,028 | €2,652 | +€1,624 | +158% |
| Total equity and liabilities | 10/49 | €138,824 | €351,178 | +€212,354 | +153% |
| Equity | 10/15 | €51,306 | €40,741 | -€10,565 | -20.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €47,306 | €47,306 | = | 0.0% |
| Distributable reserves | 133 | €47,306 | €47,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,565 | -€10,565 | |
| Amounts payable | 17/49 | €87,517 | €310,436 | +€222,919 | +255% |
| Amounts payable after more than one year | 17 | €15,055 | €203,907 | +€188,852 | +1,254% |
| Financial debts | 170/4 | €15,055 | €203,907 | +€188,852 | +1,254% |
| Amounts payable within one year | 42/48 | €72,462 | €104,384 | +€31,921 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €5,847 | €18,313 | +€12,466 | +213% |
| Trade debts | 44 | €7,990 | €30,620 | +€22,630 | +283% |
| Suppliers | 440/4 | €7,990 | €30,620 | +€22,630 | +283% |
| Advances received on contracts in progress | 46 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €7,408 | €4,891 | -€2,517 | -34.0% |
| Taxes | 450/3 | €7,408 | €4,891 | -€2,517 | -34.0% |
| Other amounts payable | 47/48 | €51,217 | €50,509 | -€707 | -1.4% |
| Accrued charges and deferred income | 492/3 | - | €2,146 | +€2,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,773 | €27,482 | +€10,709 | +63.8% |
| Other operating charges | 640/8 | €1,024 | €1,696 | +€672 | +65.6% |
| Non-recurring operating charges | 66A | - | €2,355 | +€2,355 | |
| Gross operating margin | 9900 | €26,962 | €31,895 | +€4,933 | +18.3% |
| Operating profit (loss) | 9901 | €9,164 | €362 | -€8,802 | -96.0% |
| Financial income | 75/76B | €2 | €367 | +€365 | +18,000% |
| Recurring financial income | 75 | €2 | €367 | +€365 | +18,000% |
| Financial charges | 65/66B | €990 | €11,294 | +€10,305 | +1,041% |
| Recurring financial charges | 65 | €990 | €11,294 | +€10,305 | +1,041% |
| Profit (loss) for the period before taxes | 9903 | €8,177 | -€10,565 | -€18,742 | |
| Income taxes | 67/77 | €1,071 | - | -€1,071 | |
| Profit (loss) for the period | 9904 | €7,106 | -€10,565 | -€17,670 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,106 | -€10,565 | -€17,670 |
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 23 October 2026 via checked.be.