MK-TECH: what changed
Two fiscal 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-TECH
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+61.8%), from €1.9m to €3.0m
of which Trade receivables: +€1.0m
- Tangible fixed assets +€466,435
up €466,435 (+34.9%), from €1.3m to €1.8m
of which Leasing and similar rights: +€600,884
- Cash -€132,613
down €132,613 (-55.3%), from €239,692 to €107,079
mainly Receivables within one year (-€1.1m) and Investment in fixed assets (net) (-€941,038)
- Reserves +€774,749
up €774,749 (+54.3%), from €1.4m to €2.2m
of which Distributable reserves: +€774,749
- Trade debts +€592,863
up €592,863 (+88.8%), from €667,664 to €1.3m
- Short-term financial debts +€82,629
up €82,629 (+121.7%), from €67,922 to €150,551
of which Credit institutions: +€150,551
- Gross operating margin +€522,911
up €522,911 (+33.7%), from €1.6m to €2.1m
- Taxes +€203,526
up €203,526 (+149.2%), from €136,414 to €339,940
- Depreciation +€113,953
up €113,953 (+31.6%), from €360,050 to €474,003
- Staff costs -€56,199
down €56,199 (-11.8%), from €474,677 to €418,478
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 | €3,478,301 | €4,952,104 | +€1.5m | +42.4% |
| Fixed assets | 21/28 | €1,334,825 | €1,801,860 | +€467,035 | +35.0% |
| Tangible fixed assets | 22/27 | €1,334,690 | €1,801,125 | +€466,435 | +34.9% |
| Land and buildings | 22 | €56,612 | €28,306 | -€28,306 | -50.0% |
| Plant, machinery and equipment | 23 | €588,093 | €279,341 | -€308,752 | -52.5% |
| Furniture and vehicles | 24 | €105,147 | €338,916 | +€233,769 | +222.3% |
| Leasing and similar rights | 25 | €431,565 | €1,032,449 | +€600,884 | +139.2% |
| Other tangible fixed assets | 26 | €153,272 | €122,114 | -€31,159 | -20.3% |
| Financial fixed assets | 28 | €135 | €735 | +€600 | +444.4% |
| Current assets | 29/58 | €2,143,476 | €3,150,243 | +€1.0m | +47.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €18,737 | €18,737 | = | 0.0% |
| Stocks | 30/36 | €18,737 | €18,737 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,854,427 | €2,999,955 | +€1.1m | +61.8% |
| Trade receivables | 40 | €1,535,170 | €2,567,286 | +€1.0m | +67.2% |
| Other amounts receivable | 41 | €319,257 | €432,669 | +€113,412 | +35.5% |
| Current investments | 50/53 | €6,025 | €0 | -€6,025 | -100.0% |
| Cash at bank and in hand | 54/58 | €239,692 | €107,079 | -€132,613 | -55.3% |
| Deferred charges and accrued income | 490/1 | €24,595 | €24,472 | -€123 | -0.5% |
| Total equity and liabilities | 10/49 | €3,478,301 | €4,952,104 | +€1.5m | +42.4% |
| Equity | 10/15 | €1,472,119 | €2,246,868 | +€774,749 | +52.6% |
| Contributions | 10/11 | €45,016 | €45,016 | = | 0.0% |
| Reserves | 13 | €1,427,103 | €2,201,852 | +€774,749 | +54.3% |
| Tax-exempt reserves | 132 | €57,500 | €57,500 | = | 0.0% |
| Distributable reserves | 133 | €1,369,603 | €2,144,352 | +€774,749 | +56.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,006,182 | €2,705,235 | +€699,053 | +34.8% |
| Amounts payable after more than one year | 17 | €559,698 | €601,081 | +€41,382 | +7.4% |
| Financial debts | 170/4 | €559,698 | €601,081 | +€41,382 | +7.4% |
| Amounts payable within one year | 42/48 | €1,446,484 | €2,104,155 | +€657,671 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €398,280 | €367,631 | -€30,648 | -7.7% |
| Financial debts | 43 | €67,922 | €150,551 | +€82,629 | +121.7% |
| Credit institutions | 430/8 | - | €150,551 | +€150,551 | |
| Other loans | 439 | €67,922 | €0 | -€67,922 | -100.0% |
| Trade debts | 44 | €667,664 | €1,260,527 | +€592,863 | +88.8% |
| Suppliers | 440/4 | €667,664 | €1,260,527 | +€592,863 | +88.8% |
| Taxes, remuneration and social security | 45 | €46,427 | €59,254 | +€12,827 | +27.6% |
| Taxes | 450/3 | €15,493 | €9,810 | -€5,683 | -36.7% |
| Remuneration and social security | 454/9 | €30,934 | €49,444 | +€18,509 | +59.8% |
| Other amounts payable | 47/48 | €266,192 | €266,192 | = | 0.0% |
| Non-recurring operating income | 76A | €24,707 | €370,802 | +€346,095 | +1400.8% |
| Remuneration, social security and pensions | 62 | €474,677 | €418,478 | -€56,199 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360,050 | €474,003 | +€113,953 | +31.6% |
| Other operating charges | 640/8 | €11,745 | €13,911 | +€2,167 | +18.4% |
| Non-recurring operating charges | 66A | €0 | €3,152 | +€3,152 | |
| Gross operating margin | 9900 | €1,553,893 | €2,076,805 | +€522,911 | +33.7% |
| Operating profit (loss) | 9901 | €707,422 | €1,167,260 | +€459,839 | +65.0% |
| Financial income | 75/76B | €3,220 | €3,201 | -€20 | -0.6% |
| Recurring financial income | 75 | €3,220 | €3,201 | -€20 | -0.6% |
| Financial charges | 65/66B | €39,077 | €55,772 | +€16,695 | +42.7% |
| Recurring financial charges | 65 | €39,077 | €55,772 | +€16,695 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €671,565 | €1,114,689 | +€443,124 | +66.0% |
| Income taxes | 67/77 | €136,414 | €339,940 | +€203,526 | +149.2% |
| Profit (loss) for the period | 9904 | €535,152 | €774,749 | +€239,598 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €535,152 | €774,749 | +€239,598 | +44.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.