MKG Advising: 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.
MKG Advising
Largest movements
- Cash +€54,806
up €54,806 (+192%), from €28,608 to €83,414
mainly Net result for the year (+€36,038) and Tax, wage and social debts (+€11,056)
- Receivables within one year -€9,413
down €9,413 (-99.9%), from €9,421 to €8
of which Trade receivables: -€9,196
- Tangible fixed assets -€8,271
down €8,271 (-22.2%), from €37,226 to €28,956
- Reserves +€36,038
up €36,038 (+186%), from €19,372 to €55,410
- Tax, wage and social debts +€11,056
up €11,056 (+103%), from €10,756 to €21,811
- Debts after one year -€7,828
down €7,828 (-27.1%), from €28,840 to €21,012
- Other debts -€3,155
down €3,155 (-56.2%), from €5,614 to €2,459
- Gross operating margin +€22,238
up €22,238 (+63.8%), from €34,868 to €57,106
- Taxes +€5,421
up €5,421 (+96.9%), from €5,592 to €11,013
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 | €76,023 | €113,017 | +€36,993 | +48.7% |
| Fixed assets | 21/28 | €37,226 | €28,956 | -€8,271 | -22.2% |
| Tangible fixed assets | 22/27 | €37,226 | €28,956 | -€8,271 | -22.2% |
| Furniture and vehicles | 24 | €37,226 | €28,956 | -€8,271 | -22.2% |
| Current assets | 29/58 | €38,797 | €84,061 | +€45,264 | +117% |
| Amounts receivable within one year | 40/41 | €9,421 | €8 | -€9,413 | -99.9% |
| Trade receivables | 40 | €9,196 | €0 | -€9,196 | -100% |
| Other amounts receivable | 41 | €225 | €8 | -€217 | -96.4% |
| Cash at bank and in hand | 54/58 | €28,608 | €83,414 | +€54,806 | +192% |
| Deferred charges and accrued income | 490/1 | €768 | €639 | -€129 | -16.8% |
| Total equity and liabilities | 10/49 | €76,023 | €113,017 | +€36,993 | +48.7% |
| Equity | 10/15 | €21,372 | €57,410 | +€36,038 | +169% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,372 | €55,410 | +€36,038 | +186% |
| Distributable reserves | 133 | €19,372 | €55,410 | +€36,038 | +186% |
| Amounts payable | 17/49 | €54,652 | €55,606 | +€955 | +1.7% |
| Amounts payable after more than one year | 17 | €28,840 | €21,012 | -€7,828 | -27.1% |
| Financial debts | 170/4 | €28,840 | €21,012 | -€7,828 | -27.1% |
| Amounts payable within one year | 42/48 | €25,812 | €34,594 | +€8,782 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €7,517 | €7,828 | +€311 | +4.1% |
| Trade debts | 44 | €1,926 | €2,497 | +€571 | +29.6% |
| Suppliers | 440/4 | €1,926 | €2,497 | +€571 | +29.6% |
| Taxes, remuneration and social security | 45 | €10,756 | €21,811 | +€11,056 | +103% |
| Taxes | 450/3 | €10,756 | €21,811 | +€11,056 | +103% |
| Other amounts payable | 47/48 | €5,614 | €2,459 | -€3,155 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,470 | €8,271 | -€199 | -2.4% |
| Other operating charges | 640/8 | €413 | €406 | -€7 | -1.7% |
| Gross operating margin | 9900 | €34,868 | €57,106 | +€22,238 | +63.8% |
| Operating profit (loss) | 9901 | €25,985 | €48,429 | +€22,444 | +86.4% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €1,021 | €1,428 | +€407 | +39.8% |
| Recurring financial charges | 65 | €1,021 | €1,428 | +€407 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €24,963 | €47,051 | +€22,088 | +88.5% |
| Income taxes | 67/77 | €5,592 | €11,013 | +€5,421 | +96.9% |
| Profit (loss) for the period | 9904 | €19,372 | €36,038 | +€16,667 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,372 | €36,038 | +€16,667 | +86.0% |
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 20 October 2026 via checked.be.