MKF CONSTRUCT: 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.
MKF CONSTRUCT
Largest movements
- Receivables within one year +€15,780
up €15,780 (+462%), from €3,413 to €19,193
of which Other amounts receivable: +€14,701
- Current investments +€3,097
new in 2025: €3,097
- Tangible fixed assets +€839
up €839 (+12.6%), from €6,683 to €7,522
of which Furniture and vehicles: +€1,657
- Deferred charges and accrued income +€685
up €685 (+71.0%), from €965 to €1,650
- Profit (loss) carried forward +€13,516
up €13,516 (+61,830%), from €22 to €13,538
- Trade debts +€3,864
up €3,864 (+125%), from €3,079 to €6,943
- Accrued charges and deferred income +€3,662
new in 2025: €3,662
- Debts after one year -€1,241
down €1,241 (-39.2%), from €3,167 to €1,927
- Current portion of long-term debt +€936
up €936 (+81.4%), from €1,150 to €2,086
- Gross operating margin +€17,298
up €17,298 (+334%), from €5,175 to €22,473
- Taxes +€3,759
up €3,759 (+487%), from €771 to €4,530
- Financial income +€625
up €625 (+723%), from €86 to €712
- Other operating charges +€508
up €508 (+34.6%), from €1,470 to €1,978
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 | €16,294 | €36,386 | +€20,092 | +123% |
| Fixed assets | 21/28 | €6,833 | €7,597 | +€764 | +11.2% |
| Tangible fixed assets | 22/27 | €6,683 | €7,522 | +€839 | +12.6% |
| Plant, machinery and equipment | 23 | - | €1,612 | +€1,612 | |
| Furniture and vehicles | 24 | €1,214 | €2,872 | +€1,657 | +136% |
| Leasing and similar rights | 25 | €5,469 | €3,038 | -€2,430 | -44.4% |
| Financial fixed assets | 28 | €150 | €75 | -€75 | -50.0% |
| Current assets | 29/58 | €9,460 | €28,789 | +€19,329 | +204% |
| Amounts receivable within one year | 40/41 | €3,413 | €19,193 | +€15,780 | +462% |
| Trade receivables | 40 | €3,067 | €4,146 | +€1,078 | +35.2% |
| Other amounts receivable | 41 | €346 | €15,047 | +€14,701 | +4,251% |
| Current investments | 50/53 | - | €3,097 | +€3,097 | |
| Cash at bank and in hand | 54/58 | €5,082 | €4,849 | -€234 | -4.6% |
| Deferred charges and accrued income | 490/1 | €965 | €1,650 | +€685 | +71.0% |
| Total equity and liabilities | 10/49 | €16,294 | €36,386 | +€20,092 | +123% |
| Equity | 10/15 | €7,286 | €20,802 | +€13,516 | +186% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,264 | €2,264 | = | 0.0% |
| Distributable reserves | 133 | €2,264 | €2,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22 | €13,538 | +€13,516 | +61,830% |
| Amounts payable | 17/49 | €9,007 | €15,584 | +€6,576 | +73.0% |
| Amounts payable after more than one year | 17 | €3,167 | €1,927 | -€1,241 | -39.2% |
| Financial debts | 170/4 | €3,167 | €1,927 | -€1,241 | -39.2% |
| Amounts payable within one year | 42/48 | €5,840 | €9,996 | +€4,155 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | €1,150 | €2,086 | +€936 | +81.4% |
| Trade debts | 44 | €3,079 | €6,943 | +€3,864 | +125% |
| Suppliers | 440/4 | €3,079 | €6,943 | +€3,864 | +125% |
| Taxes, remuneration and social security | 45 | €1,442 | €966 | -€476 | -33.0% |
| Taxes | 450/3 | €1,442 | €966 | -€476 | -33.0% |
| Other amounts payable | 47/48 | €169 | €0 | -€169 | -100% |
| Accrued charges and deferred income | 492/3 | - | €3,662 | +€3,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €2,541 | +€108 | +4.4% |
| Other operating charges | 640/8 | €1,470 | €1,978 | +€508 | +34.6% |
| Gross operating margin | 9900 | €5,175 | €22,473 | +€17,298 | +334% |
| Operating profit (loss) | 9901 | €1,272 | €17,954 | +€16,682 | +1,311% |
| Financial income | 75/76B | €86 | €712 | +€625 | +723% |
| Recurring financial income | 75 | €86 | €712 | +€625 | +723% |
| Financial charges | 65/66B | €565 | €620 | +€54 | +9.6% |
| Recurring financial charges | 65 | €565 | €620 | +€54 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €793 | €18,046 | +€17,253 | +2,175% |
| Income taxes | 67/77 | €771 | €4,530 | +€3,759 | +487% |
| Profit (loss) for the period | 9904 | €22 | €13,516 | +€13,494 | +61,730% |
| Profit (loss) for the period to be appropriated | 9905 | €22 | €13,516 | +€13,494 | +61,730% |
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.