MK1 Team: 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.
MK1 Team
Largest movements
- Receivables within one year +€77,407
up €77,407 (+327%), from €23,663 to €101,070
of which Trade receivables: +€62,530
- Tangible fixed assets -€7,150
down €7,150 (-58.1%), from €12,310 to €5,159
of which Leasing and similar rights: -€3,587
- Cash -€5,500
down €5,500 (-96.7%), from €5,689 to €189
mainly Receivables within one year (-€77,407) and Tax, wage and social debts (-€9,555)
- Trade debts +€71,442
up €71,442 (+489%), from €14,604 to €86,046
- Tax, wage and social debts -€9,555
down €9,555 (-99.2%), from €9,635 to €81
of which Remuneration and social security: -€9,184
- Profit (loss) carried forward +€5,868
new in 2024: €5,868
- Debts after one year -€4,280
down €4,280 (-69.3%), from €6,171 to €1,892
- Staff costs -€14,806
down €14,806 (-35.1%), from €42,174 to €27,368
- Gross operating margin -€5,542
down €5,542 (-12.6%), from €44,134 to €38,592
- Financial charges -€2,523
down €2,523 (-78.6%), from €3,209 to €686
- Financial income +€1,653
new in 2024: €1,653
- Depreciation -€1,532
down €1,532 (-29.9%), from €5,119 to €3,587
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,601 | €106,419 | +€63,818 | +150% |
| Fixed assets | 21/28 | €12,310 | €5,159 | -€7,150 | -58.1% |
| Tangible fixed assets | 22/27 | €12,310 | €5,159 | -€7,150 | -58.1% |
| Plant, machinery and equipment | 23 | €3,563 | - | -€3,563 | |
| Leasing and similar rights | 25 | €8,746 | €5,159 | -€3,587 | -41.0% |
| Current assets | 29/58 | €30,291 | €101,260 | +€70,968 | +234% |
| Amounts receivable within one year | 40/41 | €23,663 | €101,070 | +€77,407 | +327% |
| Trade receivables | 40 | €2,199 | €64,729 | +€62,530 | +2,844% |
| Other amounts receivable | 41 | €21,465 | €36,341 | +€14,877 | +69.3% |
| Cash at bank and in hand | 54/58 | €5,689 | €189 | -€5,500 | -96.7% |
| Deferred charges and accrued income | 490/1 | €938 | - | -€938 | |
| Total equity and liabilities | 10/49 | €42,601 | €106,419 | +€63,818 | +150% |
| Equity | 10/15 | €7,054 | €12,921 | +€5,868 | +83.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,554 | €4,554 | = | 0.0% |
| Distributable reserves | 133 | €4,554 | €4,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,868 | +€5,868 | |
| Amounts payable | 17/49 | €35,547 | €93,497 | +€57,950 | +163% |
| Amounts payable after more than one year | 17 | €6,171 | €1,892 | -€4,280 | -69.3% |
| Financial debts | 170/4 | €6,171 | €1,892 | -€4,280 | -69.3% |
| Amounts payable within one year | 42/48 | €29,376 | €91,606 | +€62,230 | +212% |
| Current portion of amounts payable after more than one year | 42 | €3,936 | €4,280 | +€343 | +8.7% |
| Trade debts | 44 | €14,604 | €86,046 | +€71,442 | +489% |
| Suppliers | 440/4 | €14,604 | €86,046 | +€71,442 | +489% |
| Taxes, remuneration and social security | 45 | €9,635 | €81 | -€9,555 | -99.2% |
| Taxes | 450/3 | €451 | €81 | -€371 | -82.1% |
| Remuneration and social security | 454/9 | €9,184 | - | -€9,184 | |
| Other amounts payable | 47/48 | €1,200 | €1,200 | = | 0.0% |
| Non-recurring operating income | 76A | - | €55,788 | +€55,788 | |
| Remuneration, social security and pensions | 62 | €42,174 | €27,368 | -€14,806 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €3,587 | -€1,532 | -29.9% |
| Other operating charges | 640/8 | €520 | €537 | +€17 | +3.3% |
| Non-recurring operating charges | 66A | - | €2,199 | +€2,199 | |
| Gross operating margin | 9900 | €44,134 | €38,592 | -€5,542 | -12.6% |
| Operating profit (loss) | 9901 | -€3,680 | €4,901 | +€8,581 | |
| Financial income | 75/76B | - | €1,653 | +€1,653 | |
| Recurring financial income | 75 | - | €1,653 | +€1,653 | |
| Financial charges | 65/66B | €3,209 | €686 | -€2,523 | -78.6% |
| Recurring financial charges | 65 | €3,209 | €686 | -€2,523 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,889 | €5,868 | +€12,756 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€6,889 | €5,868 | +€12,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,889 | €5,868 | +€12,756 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.