MK2B: 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.
MK2B
Largest movements
- Cash -€41,240
down €41,240 (-77.5%), from €53,209 to €11,969
mainly Debts after one year (-€72,336) and Contributions, distributions and other (-€31,176)
- Financial fixed assets +€23,800
up €23,800 (+3.3%), from €729,400 to €753,200
- Receivables within one year +€10,736
up €10,736 (+115%), from €9,362 to €20,097
of which Trade receivables: +€6,229
- Debts after one year -€72,336
down €72,336 (-11.6%), from €624,058 to €551,722
- Profit (loss) carried forward +€45,761
up €45,761 (+15.8%), from €289,938 to €335,699
- Gross operating margin +€30,460
up €30,460 (+26.5%), from €114,738 to €145,198
- Financial charges +€19,952
up €19,952 (+270%), from €7,401 to €27,353
- Depreciation -€3,364
down €3,364 (-26.6%), from €12,660 to €9,296
- Taxes +€2,992
up €2,992 (+11.4%), from €26,221 to €29,213
- Other operating charges -€2,155
down €2,155 (-47.3%), from €4,555 to €2,400
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 | €1,045,289 | €1,028,562 | -€16,727 | -1.6% |
| Fixed assets | 21/28 | €981,991 | €996,496 | +€14,504 | +1.5% |
| Tangible fixed assets | 22/27 | €252,591 | €243,296 | -€9,296 | -3.7% |
| Land and buildings | 22 | €252,591 | €243,296 | -€9,296 | -3.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €729,400 | €753,200 | +€23,800 | +3.3% |
| Current assets | 29/58 | €63,298 | €32,067 | -€31,231 | -49.3% |
| Amounts receivable within one year | 40/41 | €9,362 | €20,097 | +€10,736 | +115% |
| Trade receivables | 40 | - | €6,229 | +€6,229 | |
| Other amounts receivable | 41 | €9,362 | €13,869 | +€4,507 | +48.1% |
| Cash at bank and in hand | 54/58 | €53,209 | €11,969 | -€41,240 | -77.5% |
| Deferred charges and accrued income | 490/1 | €727 | - | -€727 | |
| Total equity and liabilities | 10/49 | €1,045,289 | €1,028,562 | -€16,727 | -1.6% |
| Equity | 10/15 | €310,398 | €356,159 | +€45,761 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,938 | €335,699 | +€45,761 | +15.8% |
| Amounts payable | 17/49 | €734,891 | €672,404 | -€62,487 | -8.5% |
| Amounts payable after more than one year | 17 | €624,058 | €551,722 | -€72,336 | -11.6% |
| Financial debts | 170/4 | €624,058 | €551,722 | -€72,336 | -11.6% |
| Amounts payable within one year | 42/48 | €110,833 | €120,682 | +€9,849 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €76,027 | €77,336 | +€1,309 | +1.7% |
| Trade debts | 44 | €1,412 | €8,913 | +€7,501 | +531% |
| Suppliers | 440/4 | €1,412 | €8,913 | +€7,501 | +531% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €23,393 | €29,756 | +€6,363 | +27.2% |
| Taxes | 450/3 | €23,393 | €29,756 | +€6,363 | +27.2% |
| Other amounts payable | 47/48 | - | €4,676 | +€4,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,660 | €9,296 | -€3,364 | -26.6% |
| Other operating charges | 640/8 | €4,555 | €2,400 | -€2,155 | -47.3% |
| Non-recurring operating charges | 66A | €171 | - | -€171 | |
| Gross operating margin | 9900 | €114,738 | €145,198 | +€30,460 | +26.5% |
| Operating profit (loss) | 9901 | €97,352 | €133,502 | +€36,150 | +37.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,401 | €27,353 | +€19,952 | +270% |
| Recurring financial charges | 65 | €7,401 | €27,353 | +€19,952 | +270% |
| Profit (loss) for the period before taxes | 9903 | €89,952 | €106,149 | +€16,198 | +18.0% |
| Income taxes | 67/77 | €26,221 | €29,213 | +€2,992 | +11.4% |
| Profit (loss) for the period | 9904 | €63,731 | €76,937 | +€13,206 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,731 | €76,937 | +€13,206 | +20.7% |
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 29 October 2026 via checked.be.