MKA: 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.
MKA
Largest movements
- Receivables within one year -€114,389
down €114,389 (-82.3%), from €139,037 to €24,648
of which Trade receivables: -€115,062
- Cash -€11,151
down €11,151 (-99.3%), from €11,233 to €82
mainly Other debts (-€94,714) and Trade debts (-€27,672)
- Tangible fixed assets -€5,337
down €5,337 (-11.9%), from €44,813 to €39,476
- Other debts -€94,714
down €94,714 (-62.7%), from €151,012 to €56,298
- Trade debts -€27,672
down €27,672 (-90.1%), from €30,696 to €3,024
- Profit (loss) carried forward -€8,593
down €8,593 (-52.0%), from -€16,523 to -€25,116
- Depreciation -€4,571
down €4,571 (-45.7%), from €10,009 to €5,439
- Gross operating margin +€2,410
up €2,410 (+45.0%), from -€5,358 to -€2,948
- Financial charges -€531
down €531 (-91.0%), from €584 to €53
- Other operating charges -€421
down €421 (-73.3%), from €575 to €153
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 | €195,185 | €64,206 | -€130,978 | -67.1% |
| Formation expenses | 20 | €101 | - | -€101 | |
| Fixed assets | 21/28 | €44,813 | €39,476 | -€5,337 | -11.9% |
| Tangible fixed assets | 22/27 | €44,813 | €39,476 | -€5,337 | -11.9% |
| Other tangible fixed assets | 26 | €44,813 | €39,476 | -€5,337 | -11.9% |
| Current assets | 29/58 | €150,270 | €24,730 | -€125,540 | -83.5% |
| Amounts receivable within one year | 40/41 | €139,037 | €24,648 | -€114,389 | -82.3% |
| Trade receivables | 40 | €138,072 | €23,009 | -€115,062 | -83.3% |
| Other amounts receivable | 41 | €966 | €1,639 | +€673 | +69.7% |
| Cash at bank and in hand | 54/58 | €11,233 | €82 | -€11,151 | -99.3% |
| Total equity and liabilities | 10/49 | €195,185 | €64,206 | -€130,978 | -67.1% |
| Equity | 10/15 | €13,477 | €4,884 | -€8,593 | -63.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,523 | -€25,116 | -€8,593 | -52.0% |
| Amounts payable | 17/49 | €181,708 | €59,322 | -€122,386 | -67.4% |
| Amounts payable within one year | 42/48 | €181,708 | €59,322 | -€122,386 | -67.4% |
| Trade debts | 44 | €30,696 | €3,024 | -€27,672 | -90.1% |
| Suppliers | 440/4 | €30,696 | €3,024 | -€27,672 | -90.1% |
| Other amounts payable | 47/48 | €151,012 | €56,298 | -€94,714 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,009 | €5,439 | -€4,571 | -45.7% |
| Other operating charges | 640/8 | €575 | €153 | -€421 | -73.3% |
| Gross operating margin | 9900 | -€5,358 | -€2,948 | +€2,410 | +45.0% |
| Operating profit (loss) | 9901 | -€15,942 | -€8,540 | +€7,402 | +46.4% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €584 | €53 | -€531 | -91.0% |
| Recurring financial charges | 65 | €584 | €53 | -€531 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,523 | -€8,593 | +€7,930 | +48.0% |
| Profit (loss) for the period | 9904 | -€16,523 | -€8,593 | +€7,930 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,523 | -€8,593 | +€7,930 | +48.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.