MKD FERRONNERIE: 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 FERRONNERIE
Largest movements
- Receivables after one year +€109,276
new in 2025: €109,276
- Receivables within one year -€78,760
down €78,760 (-61.4%), from €128,243 to €49,483
of which Other amounts receivable: -€82,799
- Cash +€3,288
up €3,288 (+82.9%), from €3,968 to €7,255
mainly Receivables within one year (+€78,760) and Net result for the year (+€26,071)
- Reserves +€26,071
up €26,071 (+50.6%), from €51,494 to €77,565
- Advances received +€7,896
up €7,896 (+296%), from €2,664 to €10,560
- Trade debts -€4,258
down €4,258 (-7.7%), from €55,552 to €51,294
- Tax, wage and social debts +€2,500
up €2,500 (+10.2%), from €24,411 to €26,911
of which Taxes: +€2,506
- Write-downs +€15,575
up €15,575 (+52.4%), from €29,724 to €45,300
- Taxes -€5,265
down €5,265 (-27.2%), from €19,371 to €14,106
- Financial income -€3,444
down €3,444 (-61.4%), from €5,608 to €2,164
- Gross operating margin +€3,434
up €3,434 (+3.9%), from €88,423 to €91,857
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 | €135,372 | €167,580 | +€32,208 | +23.8% |
| Fixed assets | 21/28 | €3,161 | €1,566 | -€1,595 | -50.5% |
| Tangible fixed assets | 22/27 | €3,161 | €1,566 | -€1,595 | -50.5% |
| Plant, machinery and equipment | 23 | €3,161 | €1,566 | -€1,595 | -50.5% |
| Current assets | 29/58 | €132,211 | €166,014 | +€33,803 | +25.6% |
| Amounts receivable after more than one year | 29 | - | €109,276 | +€109,276 | |
| Trade receivables | 290 | - | €109,276 | +€109,276 | |
| Amounts receivable within one year | 40/41 | €128,243 | €49,483 | -€78,760 | -61.4% |
| Trade receivables | 40 | €33,100 | €37,139 | +€4,039 | +12.2% |
| Other amounts receivable | 41 | €95,143 | €12,344 | -€82,799 | -87.0% |
| Cash at bank and in hand | 54/58 | €3,968 | €7,255 | +€3,288 | +82.9% |
| Total equity and liabilities | 10/49 | €135,372 | €167,580 | +€32,208 | +23.8% |
| Equity | 10/15 | €52,744 | €78,815 | +€26,071 | +49.4% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Contributions outside capital | 11 | €1,250 | €1,250 | = | 0.0% |
| Other | 1109/19 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €51,494 | €77,565 | +€26,071 | +50.6% |
| Distributable reserves | 133 | €51,494 | €77,565 | +€26,071 | +50.6% |
| Amounts payable | 17/49 | €82,627 | €88,765 | +€6,137 | +7.4% |
| Amounts payable within one year | 42/48 | €82,627 | €88,765 | +€6,137 | +7.4% |
| Trade debts | 44 | €55,552 | €51,294 | -€4,258 | -7.7% |
| Suppliers | 440/4 | €55,552 | €51,294 | -€4,258 | -7.7% |
| Advances received on contracts in progress | 46 | €2,664 | €10,560 | +€7,896 | +296% |
| Taxes, remuneration and social security | 45 | €24,411 | €26,911 | +€2,500 | +10.2% |
| Taxes | 450/3 | €24,404 | €26,911 | +€2,506 | +10.3% |
| Remuneration and social security | 454/9 | €7 | - | -€7 | |
| Remuneration, social security and pensions | 62 | €72 | -€7 | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €1,595 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,724 | €45,300 | +€15,575 | +52.4% |
| Other operating charges | 640/8 | €5,629 | €4,778 | -€851 | -15.1% |
| Gross operating margin | 9900 | €88,423 | €91,857 | +€3,434 | +3.9% |
| Operating profit (loss) | 9901 | €51,402 | €40,190 | -€11,212 | -21.8% |
| Financial income | 75/76B | €5,608 | €2,164 | -€3,444 | -61.4% |
| Recurring financial income | 75 | €5,608 | €2,164 | -€3,444 | -61.4% |
| Financial charges | 65/66B | €3,059 | €2,177 | -€882 | -28.8% |
| Recurring financial charges | 65 | €3,059 | €2,177 | -€882 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €53,951 | €40,177 | -€13,774 | -25.5% |
| Income taxes | 67/77 | €19,371 | €14,106 | -€5,265 | -27.2% |
| Profit (loss) for the period | 9904 | €34,580 | €26,071 | -€8,509 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,580 | €26,071 | -€8,509 | -24.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.