MKD: 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.
MKD
Largest movements
- Receivables within one year +€35,489
up €35,489 (+164.7%), from €21,550 to €57,039
of which Trade receivables: +€35,682
- Cash -€14,803
down €14,803 (-76.6%), from €19,312 to €4,510
mainly Receivables within one year (-€35,489) and Other debts (-€27,463)
- Stocks and contracts +€10,966
up €10,966 (+7.9%), from €139,501 to €150,467
- Deferred charges and accrued income -€5,755
down €5,755 (-93.7%), from €6,142 to €388
- Other debts -€27,463
down €27,463 (-29.7%), from €92,387 to €64,924
- Tax, wage and social debts +€18,387
up €18,387 (+95.4%), from €19,281 to €37,667
of which Remuneration and social security: +€26,099
- Trade debts +€16,658
up €16,658 (+31.2%), from €53,425 to €70,083
- Profit (loss) carried forward +€11,174
up €11,174 (+53.6%), from -€20,852 to -€9,678
- Short-term financial debts +€5,623
new in 2024: €5,623
- Staff costs -€29,870
down €29,870 (-26.7%), from €112,015 to €82,145
- Gross operating margin +€18,111
up €18,111 (+19.9%), from €90,875 to €108,986
- Other operating charges +€14,147
new in 2024: €14,147
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.
Cash bridge derived
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 | €190,640 | €215,018 | +€24,378 | +12.8% |
| Fixed assets | 21/28 | €4,135 | €2,615 | -€1,520 | -36.8% |
| Tangible fixed assets | 22/27 | €4,135 | €2,615 | -€1,520 | -36.8% |
| Furniture and vehicles | 24 | €4,135 | €2,615 | -€1,520 | -36.8% |
| Current assets | 29/58 | €186,505 | €212,403 | +€25,898 | +13.9% |
| Stocks and contracts in progress | 3 | €139,501 | €150,467 | +€10,966 | +7.9% |
| Stocks | 30/36 | €139,501 | €150,467 | +€10,966 | +7.9% |
| Amounts receivable within one year | 40/41 | €21,550 | €57,039 | +€35,489 | +164.7% |
| Trade receivables | 40 | €21,356 | €57,039 | +€35,682 | +167.1% |
| Other amounts receivable | 41 | €193 | - | -€193 | |
| Cash at bank and in hand | 54/58 | €19,312 | €4,510 | -€14,803 | -76.6% |
| Deferred charges and accrued income | 490/1 | €6,142 | €388 | -€5,755 | -93.7% |
| Total equity and liabilities | 10/49 | €190,640 | €215,018 | +€24,378 | +12.8% |
| Equity | 10/15 | €4,148 | €15,322 | +€11,174 | +269.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,852 | -€9,678 | +€11,174 | +53.6% |
| Amounts payable | 17/49 | €186,492 | €199,697 | +€13,205 | +7.1% |
| Amounts payable after more than one year | 17 | €21,400 | €21,400 | = | 0.0% |
| Other amounts payable | 178/9 | €21,400 | €21,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,092 | €178,297 | +€13,205 | +8.0% |
| Financial debts | 43 | - | €5,623 | +€5,623 | |
| Credit institutions | 430/8 | - | €5,623 | +€5,623 | |
| Trade debts | 44 | €53,425 | €70,083 | +€16,658 | +31.2% |
| Suppliers | 440/4 | €53,425 | €70,083 | +€16,658 | +31.2% |
| Taxes, remuneration and social security | 45 | €19,281 | €37,667 | +€18,387 | +95.4% |
| Taxes | 450/3 | €19,281 | €11,569 | -€7,712 | -40.0% |
| Remuneration and social security | 454/9 | - | €26,099 | +€26,099 | |
| Other amounts payable | 47/48 | €92,387 | €64,924 | -€27,463 | -29.7% |
| Remuneration, social security and pensions | 62 | €112,015 | €82,145 | -€29,870 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,520 | €1,520 | = | 0.0% |
| Other operating charges | 640/8 | - | €14,147 | +€14,147 | |
| Gross operating margin | 9900 | €90,875 | €108,986 | +€18,111 | +19.9% |
| Operating profit (loss) | 9901 | -€22,660 | €11,174 | +€33,834 | |
| Financial income | 75/76B | €190 | - | -€190 | |
| Recurring financial income | 75 | €190 | - | -€190 | |
| Profit (loss) for the period before taxes | 9903 | -€22,470 | €11,174 | +€33,644 | |
| Profit (loss) for the period | 9904 | -€22,470 | €11,174 | +€33,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,470 | €11,174 | +€33,644 |
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 10 October 2026 via checked.be.