MK Silver Linings: 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 Silver Linings
Largest movements
- Cash +€112,252
up €112,252 (+116%), from €96,538 to €208,789
mainly Net result for the year (+€79,574) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-13.3%), from €150,000 to €130,000
- Tangible fixed assets -€10,642
down €10,642 (-25.5%), from €41,725 to €31,083
of which Furniture and vehicles: -€8,926
- Reserves +€79,500
up €79,500 (+27.3%), from €290,900 to €370,400
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,090 | €390,840 | +€82,750 | +26.9% |
| Fixed assets | 21/28 | €41,725 | €31,083 | -€10,642 | -25.5% |
| Tangible fixed assets | 22/27 | €41,725 | €31,083 | -€10,642 | -25.5% |
| Plant, machinery and equipment | 23 | €17,179 | €15,463 | -€1,716 | -10.0% |
| Furniture and vehicles | 24 | €24,546 | €15,620 | -€8,926 | -36.4% |
| Current assets | 29/58 | €266,365 | €359,757 | +€93,392 | +35.1% |
| Amounts receivable within one year | 40/41 | €19,699 | €20,963 | +€1,264 | +6.4% |
| Trade receivables | 40 | €19,699 | €20,963 | +€1,264 | +6.4% |
| Current investments | 50/53 | €150,000 | €130,000 | -€20,000 | -13.3% |
| Cash at bank and in hand | 54/58 | €96,538 | €208,789 | +€112,252 | +116% |
| Deferred charges and accrued income | 490/1 | €128 | €5 | -€124 | -96.4% |
| Total equity and liabilities | 10/49 | €308,090 | €390,840 | +€82,750 | +26.9% |
| Equity | 10/15 | €295,065 | €374,639 | +€79,574 | +27.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €290,900 | €370,400 | +€79,500 | +27.3% |
| Distributable reserves | 133 | €290,900 | €370,400 | +€79,500 | +27.3% |
| Profit (loss) carried forward | 14 | €165 | €239 | +€74 | +45.1% |
| Amounts payable | 17/49 | €13,025 | €16,201 | +€3,176 | +24.4% |
| Amounts payable within one year | 42/48 | €11,863 | €14,984 | +€3,120 | +26.3% |
| Trade debts | 44 | €128 | - | -€128 | |
| Suppliers | 440/4 | €128 | - | -€128 | |
| Taxes, remuneration and social security | 45 | €8,871 | €11,246 | +€2,375 | +26.8% |
| Taxes | 450/3 | €8,871 | €3,266 | -€5,605 | -63.2% |
| Remuneration and social security | 454/9 | - | €7,980 | +€7,980 | |
| Other amounts payable | 47/48 | €2,864 | €3,738 | +€874 | +30.5% |
| Accrued charges and deferred income | 492/3 | €1,162 | €1,218 | +€56 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,808 | €11,810 | +€2 | 0.0% |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | €120,846 | €119,708 | -€1,138 | -0.9% |
| Operating profit (loss) | 9901 | €108,533 | €107,326 | -€1,207 | -1.1% |
| Financial income | 75/76B | €2,853 | €3,241 | +€388 | +13.6% |
| Recurring financial income | 75 | €2,853 | €3,241 | +€388 | +13.6% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.9% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €111,343 | €110,527 | -€816 | -0.7% |
| Income taxes | 67/77 | €31,186 | €30,953 | -€233 | -0.7% |
| Profit (loss) for the period | 9904 | €80,157 | €79,574 | -€583 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,157 | €79,574 | -€583 | -0.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.