MKCom: 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.
MKCom
Largest movements
- Cash -€21,880
down €21,880 (-75.7%), from €28,888 to €7,007
mainly Investment in fixed assets (net) (-€27,161) and Net result for the year (-€24,158)
- Tangible fixed assets -€17,139
down €17,139 (-1.4%), from €1.3m to €1.2m
of which Land and buildings: -€12,806
- Receivables within one year +€15,654
up €15,654 (+284.9%), from €5,495 to €21,149
of which Trade receivables: +€16,059
- Profit (loss) carried forward -€24,158
new in 2025: -€24,158
- Debts after one year -€23,866
down €23,866 (-3.3%), from €713,725 to €689,859
of which Financial debts: -€23,866
- Other debts +€22,615
up €22,615 (+35.0%), from €64,642 to €87,257
- Gross operating margin -€27,484
down €27,484 (-36.6%), from €75,046 to €47,563
- Other operating charges -€1,987
down €1,987 (-43.5%), from €4,565 to €2,578
- Depreciation +€1,978
up €1,978 (+4.7%), from €42,322 to €44,300
- Taxes -€904
down €904 (-69.2%), from €1,306 to €402
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 | €1,549,608 | €1,526,243 | -€23,365 | -1.5% |
| Fixed assets | 21/28 | €1,515,226 | €1,498,087 | -€17,139 | -1.1% |
| Tangible fixed assets | 22/27 | €1,265,226 | €1,248,087 | -€17,139 | -1.4% |
| Land and buildings | 22 | €1,254,901 | €1,242,096 | -€12,806 | -1.0% |
| Plant, machinery and equipment | 23 | €2,843 | €1,549 | -€1,294 | -45.5% |
| Furniture and vehicles | 24 | €7,481 | €4,442 | -€3,040 | -40.6% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €34,382 | €28,157 | -€6,226 | -18.1% |
| Amounts receivable within one year | 40/41 | €5,495 | €21,149 | +€15,654 | +284.9% |
| Trade receivables | 40 | €492 | €16,551 | +€16,059 | +3263.3% |
| Other amounts receivable | 41 | €5,003 | €4,598 | -€405 | -8.1% |
| Cash at bank and in hand | 54/58 | €28,888 | €7,007 | -€21,880 | -75.7% |
| Total equity and liabilities | 10/49 | €1,549,608 | €1,526,243 | -€23,365 | -1.5% |
| Equity | 10/15 | €733,295 | €709,138 | -€24,158 | -3.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €333,295 | €333,295 | = | 0.0% |
| Distributable reserves | 133 | €333,295 | €333,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,158 | -€24,158 | |
| Amounts payable | 17/49 | €816,313 | €817,106 | +€793 | +0.1% |
| Amounts payable after more than one year | 17 | €713,725 | €689,859 | -€23,866 | -3.3% |
| Financial debts | 170/4 | €153,725 | €129,859 | -€23,866 | -15.5% |
| Other amounts payable | 178/9 | €560,000 | €560,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,599 | €123,290 | +€24,691 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €23,595 | €23,866 | +€271 | +1.1% |
| Trade debts | 44 | €5,059 | €4,882 | -€177 | -3.5% |
| Suppliers | 440/4 | €5,059 | €4,882 | -€177 | -3.5% |
| Taxes, remuneration and social security | 45 | €5,303 | €7,286 | +€1,983 | +37.4% |
| Taxes | 450/3 | €5,303 | €5,318 | +€15 | +0.3% |
| Remuneration and social security | 454/9 | - | €1,968 | +€1,968 | |
| Other amounts payable | 47/48 | €64,642 | €87,257 | +€22,615 | +35.0% |
| Accrued charges and deferred income | 492/3 | €3,989 | €3,956 | -€33 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,322 | €44,300 | +€1,978 | +4.7% |
| Other operating charges | 640/8 | €4,565 | €2,578 | -€1,987 | -43.5% |
| Gross operating margin | 9900 | €75,046 | €47,563 | -€27,484 | -36.6% |
| Operating profit (loss) | 9901 | €28,159 | €685 | -€27,474 | -97.6% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €23,841 | €24,469 | +€628 | +2.6% |
| Recurring financial charges | 65 | €23,841 | €24,469 | +€628 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €4,318 | -€23,755 | -€28,074 | |
| Income taxes | 67/77 | €1,306 | €402 | -€904 | -69.2% |
| Profit (loss) for the period | 9904 | €3,012 | -€24,158 | -€27,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,012 | -€24,158 | -€27,170 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.