MK Tegelwerken: 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 Tegelwerken
Largest movements
- Receivables within one year +€11,429
up €11,429 (+28.9%), from €39,487 to €50,917
of which Other amounts receivable: +€10,913
- Tangible fixed assets +€10,018
new in 2025: €10,018
- Cash +€9,391
up €9,391 (+234%), from €4,020 to €13,412
mainly Net result for the year (+€15,415) and Debts after one year (+€7,055)
- Reserves +€15,415
up €15,415 (+51.0%), from €30,202 to €45,617
- Debts after one year +€7,055
new in 2025: €7,055
- Tax, wage and social debts +€3,895
up €3,895 (+51.6%), from €7,551 to €11,446
- Current portion of long-term debt +€3,619
new in 2025: €3,619
- Trade debts +€855
up €855 (+113%), from €755 to €1,609
- Gross operating margin -€16,692
down €16,692 (-44.2%), from €37,785 to €21,092
- Taxes -€3,655
down €3,655 (-48.4%), from €7,551 to €3,895
- Depreciation +€1,395
new in 2025: €1,395
- Financial charges +€632
up €632 (+1,871%), from €34 to €666
- Financial income +€513
up €513 (+25,627%), from €2 to €515
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 | €43,507 | €74,346 | +€30,839 | +70.9% |
| Fixed assets | 21/28 | - | €10,018 | +€10,018 | |
| Tangible fixed assets | 22/27 | - | €10,018 | +€10,018 | |
| Furniture and vehicles | 24 | - | €10,018 | +€10,018 | |
| Current assets | 29/58 | €43,507 | €64,328 | +€20,821 | +47.9% |
| Amounts receivable within one year | 40/41 | €39,487 | €50,917 | +€11,429 | +28.9% |
| Trade receivables | 40 | €38,310 | €38,826 | +€516 | +1.3% |
| Other amounts receivable | 41 | €1,177 | €12,090 | +€10,913 | +927% |
| Cash at bank and in hand | 54/58 | €4,020 | €13,412 | +€9,391 | +234% |
| Total equity and liabilities | 10/49 | €43,507 | €74,346 | +€30,839 | +70.9% |
| Equity | 10/15 | €35,202 | €50,617 | +€15,415 | +43.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,202 | €45,617 | +€15,415 | +51.0% |
| Distributable reserves | 133 | €30,202 | €45,617 | +€15,415 | +51.0% |
| Amounts payable | 17/49 | €8,305 | €23,729 | +€15,424 | +186% |
| Amounts payable after more than one year | 17 | - | €7,055 | +€7,055 | |
| Financial debts | 170/4 | - | €7,055 | +€7,055 | |
| Amounts payable within one year | 42/48 | €8,305 | €16,675 | +€8,369 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €3,619 | +€3,619 | |
| Trade debts | 44 | €755 | €1,609 | +€855 | +113% |
| Suppliers | 440/4 | €755 | €1,609 | +€855 | +113% |
| Taxes, remuneration and social security | 45 | €7,551 | €11,446 | +€3,895 | +51.6% |
| Taxes | 450/3 | €7,551 | €11,446 | +€3,895 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,395 | +€1,395 | |
| Other operating charges | 640/8 | - | €236 | +€236 | |
| Gross operating margin | 9900 | €37,785 | €21,092 | -€16,692 | -44.2% |
| Operating profit (loss) | 9901 | €37,785 | €19,462 | -€18,323 | -48.5% |
| Financial income | 75/76B | €2 | €515 | +€513 | +25,627% |
| Recurring financial income | 75 | €2 | €515 | +€513 | +25,627% |
| Financial charges | 65/66B | €34 | €666 | +€632 | +1,871% |
| Recurring financial charges | 65 | €34 | €666 | +€632 | +1,871% |
| Profit (loss) for the period before taxes | 9903 | €37,753 | €19,310 | -€18,442 | -48.9% |
| Income taxes | 67/77 | €7,551 | €3,895 | -€3,655 | -48.4% |
| Profit (loss) for the period | 9904 | €30,202 | €15,415 | -€14,787 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,202 | €15,415 | -€14,787 | -49.0% |
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 20 October 2026 via checked.be.