MKDK: 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.
MKDK
Largest movements
- Tangible fixed assets -€24,140
down €24,140 (-17.7%), from €136,183 to €112,043
- Current investments -€8,004
no longer reported in 2025 (was €8,004)
- Receivables within one year -€2,670
down €2,670 (-26.9%), from €9,926 to €7,256
of which Trade receivables: -€1,353
- Profit (loss) carried forward -€16,976
down €16,976 (-213%), from -€7,955 to -€24,931
- Debts after one year -€16,785
down €16,785 (-13.5%), from €123,982 to €107,196
- Gross operating margin -€38,864
down €38,864 (-75.2%), from €51,710 to €12,846
- Depreciation +€2,085
up €2,085 (+10.4%), from €20,069 to €22,154
- Financial charges -€1,005
down €1,005 (-17.9%), from €5,619 to €4,614
- Taxes -€920
down €920 (-92.0%), from €1,000 to €80
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 | €157,192 | €123,137 | -€34,055 | -21.7% |
| Fixed assets | 21/28 | €136,183 | €112,043 | -€24,140 | -17.7% |
| Tangible fixed assets | 22/27 | €136,183 | €112,043 | -€24,140 | -17.7% |
| Plant, machinery and equipment | 23 | €68,915 | €58,687 | -€10,227 | -14.8% |
| Furniture and vehicles | 24 | €9,883 | €4,168 | -€5,715 | -57.8% |
| Other tangible fixed assets | 26 | €57,385 | €49,187 | -€8,198 | -14.3% |
| Current assets | 29/58 | €21,010 | €11,094 | -€9,915 | -47.2% |
| Amounts receivable within one year | 40/41 | €9,926 | €7,256 | -€2,670 | -26.9% |
| Trade receivables | 40 | €8,609 | €7,256 | -€1,353 | -15.7% |
| Other amounts receivable | 41 | €1,317 | - | -€1,317 | |
| Current investments | 50/53 | €8,004 | - | -€8,004 | |
| Cash at bank and in hand | 54/58 | €2,816 | €3,735 | +€919 | +32.6% |
| Deferred charges and accrued income | 490/1 | €263 | €103 | -€160 | -60.8% |
| Total equity and liabilities | 10/49 | €157,192 | €123,137 | -€34,055 | -21.7% |
| Equity | 10/15 | €12,505 | -€4,471 | -€16,976 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,955 | -€24,931 | -€16,976 | -213% |
| Amounts payable | 17/49 | €144,688 | €127,608 | -€17,080 | -11.8% |
| Amounts payable after more than one year | 17 | €123,982 | €107,196 | -€16,785 | -13.5% |
| Financial debts | 170/4 | €123,982 | €107,196 | -€16,785 | -13.5% |
| Amounts payable within one year | 42/48 | €20,706 | €20,412 | -€294 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €16,172 | €16,717 | +€545 | +3.4% |
| Trade debts | 44 | €2,420 | €2,911 | +€492 | +20.3% |
| Suppliers | 440/4 | €2,420 | €2,911 | +€492 | +20.3% |
| Taxes, remuneration and social security | 45 | €1,000 | €656 | -€344 | -34.4% |
| Taxes | 450/3 | €1,000 | €656 | -€344 | -34.4% |
| Other amounts payable | 47/48 | €1,114 | €127 | -€987 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,069 | €22,154 | +€2,085 | +10.4% |
| Other operating charges | 640/8 | €1,794 | €1,448 | -€345 | -19.3% |
| Gross operating margin | 9900 | €51,710 | €12,846 | -€38,864 | -75.2% |
| Operating profit (loss) | 9901 | €29,847 | -€10,756 | -€40,604 | |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €5,619 | €4,614 | -€1,005 | -17.9% |
| Recurring financial charges | 65 | €5,619 | €4,614 | -€1,005 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €24,228 | -€15,339 | -€39,567 | |
| Income taxes | 67/77 | €1,000 | €80 | -€920 | -92.0% |
| Profit (loss) for the period | 9904 | €23,228 | -€15,419 | -€38,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,228 | -€15,419 | -€38,648 |
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 15 October 2026 via checked.be.