MKG 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.
MKG CONSTRUCT
Largest movements
- Stocks and contracts +€11,327
up €11,327 (+8.4%), from €134,248 to €145,576
- Tangible fixed assets -€8,590
down €8,590 (-22.8%), from €37,697 to €29,107
of which Leasing and similar rights: -€8,547
- Cash +€3,273
up €3,273 (+12.0%), from €27,349 to €30,622
mainly Net result for the year (+€11,684) and Depreciation (+€10,555)
- Reserves +€11,600
up €11,600 (+86.6%), from €13,400 to €25,000
- Debts after one year -€8,263
down €8,263 (-39.0%), from €21,189 to €12,926
- Other debts -€6,319
down €6,319 (-4.9%), from €129,850 to €123,531
- Tax, wage and social debts +€5,408
up €5,408 (+90.8%), from €5,957 to €11,365
of which Taxes: +€5,408
- Trade debts +€3,970
up €3,970 (+1,959%), from €203 to €4,172
- Gross operating margin +€5,814
up €5,814 (+25.8%), from €22,575 to €28,389
- Taxes +€1,482
up €1,482 (+40.6%), from €3,653 to €5,136
- Depreciation +€1,460
up €1,460 (+16.1%), from €9,094 to €10,555
- Other operating charges -€291
down €291 (-24.5%), from €1,185 to €894
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 | €199,295 | €206,260 | +€6,965 | +3.5% |
| Fixed assets | 21/28 | €37,697 | €29,107 | -€8,590 | -22.8% |
| Tangible fixed assets | 22/27 | €37,697 | €29,107 | -€8,590 | -22.8% |
| Plant, machinery and equipment | 23 | €633 | €276 | -€356 | -56.3% |
| Furniture and vehicles | 24 | €3,018 | €3,331 | +€313 | +10.4% |
| Leasing and similar rights | 25 | €34,046 | €25,500 | -€8,547 | -25.1% |
| Current assets | 29/58 | €161,597 | €177,152 | +€15,555 | +9.6% |
| Stocks and contracts in progress | 3 | €134,248 | €145,576 | +€11,327 | +8.4% |
| Stocks | 30/36 | €134,248 | €145,576 | +€11,327 | +8.4% |
| Amounts receivable within one year | 40/41 | - | €955 | +€955 | |
| Trade receivables | 40 | - | €955 | +€955 | |
| Cash at bank and in hand | 54/58 | €27,349 | €30,622 | +€3,273 | +12.0% |
| Total equity and liabilities | 10/49 | €199,295 | €206,260 | +€6,965 | +3.5% |
| Equity | 10/15 | €34,607 | €46,291 | +€11,684 | +33.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,400 | €25,000 | +€11,600 | +86.6% |
| Non-distributable reserves | 130/1 | €13,400 | €25,000 | +€11,600 | +86.6% |
| Reserves not available under the articles | 1311 | €13,400 | €25,000 | +€11,600 | +86.6% |
| Profit (loss) carried forward | 14 | €1,207 | €1,291 | +€84 | +6.9% |
| Amounts payable | 17/49 | €164,688 | €159,969 | -€4,719 | -2.9% |
| Amounts payable after more than one year | 17 | €21,189 | €12,926 | -€8,263 | -39.0% |
| Financial debts | 170/4 | €21,189 | €12,926 | -€8,263 | -39.0% |
| Amounts payable within one year | 42/48 | €143,499 | €147,043 | +€3,544 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,489 | €7,974 | +€485 | +6.5% |
| Trade debts | 44 | €203 | €4,172 | +€3,970 | +1,959% |
| Suppliers | 440/4 | €203 | €4,172 | +€3,970 | +1,959% |
| Taxes, remuneration and social security | 45 | €5,957 | €11,365 | +€5,408 | +90.8% |
| Taxes | 450/3 | €4,332 | €9,740 | +€5,408 | +125% |
| Remuneration and social security | 454/9 | €1,625 | €1,625 | = | 0.0% |
| Other amounts payable | 47/48 | €129,850 | €123,531 | -€6,319 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,094 | €10,555 | +€1,460 | +16.1% |
| Other operating charges | 640/8 | €1,185 | €894 | -€291 | -24.5% |
| Gross operating margin | 9900 | €22,575 | €28,389 | +€5,814 | +25.8% |
| Operating profit (loss) | 9901 | €12,296 | €16,941 | +€4,644 | +37.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €123 | €121 | -€1 | -1.0% |
| Recurring financial charges | 65 | €123 | €121 | -€1 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €12,174 | €16,819 | +€4,646 | +38.2% |
| Income taxes | 67/77 | €3,653 | €5,136 | +€1,482 | +40.6% |
| Profit (loss) for the period | 9904 | €8,520 | €11,684 | +€3,163 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,520 | €11,684 | +€3,163 | +37.1% |
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 18 October 2026 via checked.be.