MK SYSTEMS: 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 SYSTEMS
Largest movements
- Cash +€70,395
up €70,395 (+52.4%), from €134,385 to €204,781
mainly Net result for the year (+€30,803) and Receivables within one year (+€22,521)
- Receivables within one year -€22,521
down €22,521 (-9.4%), from €240,044 to €217,523
of which Trade receivables: -€17,292
- Tangible fixed assets -€18,799
down €18,799 (-26.0%), from €72,219 to €53,421
of which Furniture and vehicles: -€18,498
- Reserves +€30,803
up €30,803 (+7.4%), from €413,597 to €444,400
of which Distributable reserves: +€30,803
- Debts after one year -€17,149
down €17,149 (-36.3%), from €47,303 to €30,154
- Other debts +€10,396
up €10,396 (+118%), from €8,779 to €19,175
- Tax, wage and social debts +€9,025
up €9,025 (+102%), from €8,834 to €17,859
of which Taxes: +€12,427
- Gross operating margin +€23,072
up €23,072 (+47.8%), from €48,288 to €71,361
- Taxes +€9,448
up €9,448 (+176%), from €5,369 to €14,817
- Depreciation -€8,988
down €8,988 (-30.7%), from €29,311 to €20,323
- Financial charges -€1,981
down €1,981 (-31.0%), from €6,386 to €4,405
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 | €518,607 | €551,564 | +€32,957 | +6.4% |
| Fixed assets | 21/28 | €142,219 | €123,421 | -€18,799 | -13.2% |
| Tangible fixed assets | 22/27 | €72,219 | €53,421 | -€18,799 | -26.0% |
| Plant, machinery and equipment | 23 | €1,013 | €712 | -€301 | -29.7% |
| Furniture and vehicles | 24 | €71,207 | €52,709 | -€18,498 | -26.0% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €376,388 | €428,143 | +€51,755 | +13.8% |
| Amounts receivable within one year | 40/41 | €240,044 | €217,523 | -€22,521 | -9.4% |
| Trade receivables | 40 | €34,815 | €17,523 | -€17,292 | -49.7% |
| Other amounts receivable | 41 | €205,229 | €200,000 | -€5,229 | -2.5% |
| Cash at bank and in hand | 54/58 | €134,385 | €204,781 | +€70,395 | +52.4% |
| Deferred charges and accrued income | 490/1 | €1,959 | €5,840 | +€3,881 | +198% |
| Total equity and liabilities | 10/49 | €518,607 | €551,564 | +€32,957 | +6.4% |
| Equity | 10/15 | €432,189 | €462,992 | +€30,803 | +7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €413,597 | €444,400 | +€30,803 | +7.4% |
| Tax-exempt reserves | 132 | €149 | €149 | = | 0.0% |
| Distributable reserves | 133 | €413,448 | €444,252 | +€30,803 | +7.5% |
| Amounts payable | 17/49 | €86,418 | €88,572 | +€2,153 | +2.5% |
| Amounts payable after more than one year | 17 | €47,303 | €30,154 | -€17,149 | -36.3% |
| Financial debts | 170/4 | €47,303 | €30,154 | -€17,149 | -36.3% |
| Amounts payable within one year | 42/48 | €38,369 | €58,417 | +€20,048 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €17,819 | €18,547 | +€729 | +4.1% |
| Financial debts | 43 | €1,695 | €1,690 | -€5 | -0.3% |
| Credit institutions | 430/8 | €1,695 | €1,690 | -€5 | -0.3% |
| Trade debts | 44 | €1,242 | €1,145 | -€96 | -7.8% |
| Suppliers | 440/4 | €1,242 | €1,145 | -€96 | -7.8% |
| Taxes, remuneration and social security | 45 | €8,834 | €17,859 | +€9,025 | +102% |
| Taxes | 450/3 | €5,432 | €17,859 | +€12,427 | +229% |
| Remuneration and social security | 454/9 | €3,402 | €0 | -€3,402 | -100% |
| Other amounts payable | 47/48 | €8,779 | €19,175 | +€10,396 | +118% |
| Accrued charges and deferred income | 492/3 | €746 | €0 | -€746 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,311 | €20,323 | -€8,988 | -30.7% |
| Other operating charges | 640/8 | €1,605 | €1,661 | +€55 | +3.4% |
| Gross operating margin | 9900 | €48,288 | €71,361 | +€23,072 | +47.8% |
| Operating profit (loss) | 9901 | €17,372 | €49,377 | +€32,005 | +184% |
| Financial income | 75/76B | €359 | €647 | +€288 | +80.1% |
| Recurring financial income | 75 | €359 | €647 | +€288 | +80.1% |
| Financial charges | 65/66B | €6,386 | €4,405 | -€1,981 | -31.0% |
| Recurring financial charges | 65 | €6,386 | €4,405 | -€1,981 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €11,346 | €45,620 | +€34,274 | +302% |
| Income taxes | 67/77 | €5,369 | €14,817 | +€9,448 | +176% |
| Profit (loss) for the period | 9904 | €5,977 | €30,803 | +€24,826 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €5,977 | €30,803 | +€24,826 | +415% |
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.