MK TAX: 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 TAX
Largest movements
- Tangible fixed assets +€24,118
new in 2025: €24,118
- Cash -€20,796
down €20,796 (-99.8%), from €20,847 to €51
mainly Investment in fixed assets (net) (-€25,800) and Trade debts (-€115)
- Receivables within one year -€539
down €539 (-50.8%), from €1,060 to €521
of which Trade receivables: -€278
- Profit (loss) carried forward +€2,332
up €2,332, from -€1,454 to €878
- Other debts +€566
new in 2025: €566
- Gross operating margin -€2,111
down €2,111 (-27.3%), from €7,728 to €5,617
- Depreciation -€872
down €872 (-34.1%), from €2,554 to €1,682
- Other operating charges +€841
up €841 (+217%), from €387 to €1,229
- Financial charges -€161
down €161 (-30.0%), from €534 to €374
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 | €21,907 | €24,690 | +€2,783 | +12.7% |
| Fixed assets | 21/28 | - | €24,118 | +€24,118 | |
| Tangible fixed assets | 22/27 | - | €24,118 | +€24,118 | |
| Furniture and vehicles | 24 | - | €24,118 | +€24,118 | |
| Current assets | 29/58 | €21,907 | €572 | -€21,335 | -97.4% |
| Amounts receivable within one year | 40/41 | €1,060 | €521 | -€539 | -50.8% |
| Trade receivables | 40 | €278 | - | -€278 | |
| Other amounts receivable | 41 | €782 | €521 | -€260 | -33.3% |
| Cash at bank and in hand | 54/58 | €20,847 | €51 | -€20,796 | -99.8% |
| Total equity and liabilities | 10/49 | €21,907 | €24,690 | +€2,783 | +12.7% |
| Equity | 10/15 | €17,146 | €19,478 | +€2,332 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,454 | €878 | +€2,332 | |
| Amounts payable | 17/49 | €4,761 | €5,212 | +€451 | +9.5% |
| Amounts payable within one year | 42/48 | €4,761 | €5,212 | +€451 | +9.5% |
| Trade debts | 44 | €4,761 | €4,646 | -€115 | -2.4% |
| Suppliers | 440/4 | €4,761 | €4,646 | -€115 | -2.4% |
| Other amounts payable | 47/48 | - | €566 | +€566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,554 | €1,682 | -€872 | -34.1% |
| Other operating charges | 640/8 | €387 | €1,229 | +€841 | +217% |
| Gross operating margin | 9900 | €7,728 | €5,617 | -€2,111 | -27.3% |
| Operating profit (loss) | 9901 | €4,786 | €2,706 | -€2,081 | -43.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €534 | €374 | -€161 | -30.0% |
| Recurring financial charges | 65 | €534 | €374 | -€161 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €4,252 | €2,332 | -€1,920 | -45.2% |
| Profit (loss) for the period | 9904 | €4,252 | €2,332 | -€1,920 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,252 | €2,332 | -€1,920 | -45.2% |
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 19 October 2026 via checked.be.