MKASSL: 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.
MKASSL
Largest movements
- Current investments +€38,539
up €38,539 (+4.4%), from €884,829 to €923,368
- Reserves +€20,618
up €20,618 (+1.4%), from €1.5m to €1.5m
of which Distributable reserves: +€22,518
- Financial income +€25,894
up €25,894 (+201.6%), from €12,843 to €38,737
- Gross operating margin -€10,243
down €10,243 (-570.3%), from -€1,796 to -€12,039
- Taxes +€301
up €301 (+17.1%), from €1,760 to €2,062
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 | €1,486,295 | €1,508,927 | +€22,632 | +1.5% |
| Fixed assets | 21/28 | €33,600 | €33,600 | = | 0.0% |
| Financial fixed assets | 28 | €33,600 | €33,600 | = | 0.0% |
| Current assets | 29/58 | €1,452,695 | €1,475,327 | +€22,632 | +1.6% |
| Amounts receivable within one year | 40/41 | €5,340 | €3,940 | -€1,400 | -26.2% |
| Trade receivables | 40 | €4,639 | €3,940 | -€699 | -15.1% |
| Other amounts receivable | 41 | €701 | - | -€701 | |
| Current investments | 50/53 | €884,829 | €923,368 | +€38,539 | +4.4% |
| Cash at bank and in hand | 54/58 | €562,526 | €548,019 | -€14,507 | -2.6% |
| Total equity and liabilities | 10/49 | €1,486,295 | €1,508,927 | +€22,632 | +1.5% |
| Equity | 10/15 | €1,485,379 | €1,505,998 | +€20,618 | +1.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,466,379 | €1,486,998 | +€20,618 | +1.4% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Distributable reserves | 133 | €1,464,479 | €1,486,998 | +€22,518 | +1.5% |
| Amounts payable | 17/49 | €916 | €2,930 | +€2,014 | +219.9% |
| Amounts payable within one year | 42/48 | €916 | €2,930 | +€2,014 | +219.9% |
| Trade debts | 44 | €72 | €24 | -€48 | -66.8% |
| Suppliers | 440/4 | €72 | €24 | -€48 | -66.8% |
| Taxes, remuneration and social security | 45 | - | €2,062 | +€2,062 | |
| Taxes | 450/3 | - | €2,062 | +€2,062 | |
| Other amounts payable | 47/48 | €843 | €844 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,136 | €1,168 | +€33 | +2.9% |
| Gross operating margin | 9900 | -€1,796 | -€12,039 | -€10,243 | -570.3% |
| Operating profit (loss) | 9901 | -€2,932 | -€13,208 | -€10,276 | -350.5% |
| Financial income | 75/76B | €12,843 | €38,737 | +€25,894 | +201.6% |
| Recurring financial income | 75 | €12,843 | €38,737 | +€25,894 | +201.6% |
| Financial charges | 65/66B | €2,739 | €2,849 | +€110 | +4.0% |
| Recurring financial charges | 65 | €2,739 | €2,849 | +€110 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €7,172 | €22,680 | +€15,508 | +216.2% |
| Income taxes | 67/77 | €1,760 | €2,062 | +€301 | +17.1% |
| Profit (loss) for the period | 9904 | €5,412 | €20,618 | +€15,207 | +281.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,412 | €20,618 | +€15,207 | +281.0% |
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.