MKH & CO: what changed
Two fiscal 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.
MKH & CO
Largest movements
- Receivables within one year -€18,697
down €18,697 (-89.1%), from €20,978 to €2,281
of which Trade receivables: -€17,843
- Deferred charges and accrued income -€2,702
no longer reported in 2025 (was €2,702)
- Stocks and contracts -€1,467
no longer reported in 2025 (was €1,467)
- Cash -€758
down €758 (-43.5%), from €1,743 to €985
mainly Net result for the year (-€43,955) and Trade debts (-€15,933)
- Profit (loss) carried forward -€43,955
down €43,955 (-524.0%), from -€8,388 to -€52,343
- Other debts +€35,829
new in 2025: €35,829
- Trade debts -€15,933
down €15,933 (-95.5%), from €16,678 to €745
- Tax, wage and social debts +€435
new in 2025: €435
- Other operating charges +€46,982
new in 2025: €46,982
- Gross operating margin +€3,081
new in 2025: €3,081
- Depreciation -€592
no longer reported in 2025 (was €592)
- Financial charges +€54
new in 2025: €54
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.
Cash bridge derived
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 | €26,890 | €3,266 | -€23,624 | -87.9% |
| Current assets | 29/58 | €26,890 | €3,266 | -€23,624 | -87.9% |
| Stocks and contracts in progress | 3 | €1,467 | - | -€1,467 | |
| Stocks | 30/36 | €1,467 | - | -€1,467 | |
| Amounts receivable within one year | 40/41 | €20,978 | €2,281 | -€18,697 | -89.1% |
| Trade receivables | 40 | €20,124 | €2,281 | -€17,843 | -88.7% |
| Other amounts receivable | 41 | €854 | - | -€854 | |
| Cash at bank and in hand | 54/58 | €1,743 | €985 | -€758 | -43.5% |
| Deferred charges and accrued income | 490/1 | €2,702 | - | -€2,702 | |
| Total equity and liabilities | 10/49 | €26,890 | €3,266 | -€23,624 | -87.9% |
| Equity | 10/15 | €10,212 | -€33,743 | -€43,955 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,388 | -€52,343 | -€43,955 | -524.0% |
| Amounts payable | 17/49 | €16,678 | €37,009 | +€20,331 | +121.9% |
| Amounts payable within one year | 42/48 | €16,678 | €37,009 | +€20,331 | +121.9% |
| Trade debts | 44 | €16,678 | €745 | -€15,933 | -95.5% |
| Suppliers | 440/4 | €16,678 | €745 | -€15,933 | -95.5% |
| Taxes, remuneration and social security | 45 | - | €435 | +€435 | |
| Taxes | 450/3 | - | €435 | +€435 | |
| Other amounts payable | 47/48 | - | €35,829 | +€35,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592 | - | -€592 | |
| Other operating charges | 640/8 | - | €46,982 | +€46,982 | |
| Gross operating margin | 9900 | - | €3,081 | +€3,081 | |
| Operating profit (loss) | 9901 | -€592 | -€43,901 | -€43,309 | -7315.7% |
| Financial charges | 65/66B | - | €54 | +€54 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | -€592 | -€43,955 | -€43,363 | -7324.8% |
| Profit (loss) for the period | 9904 | -€592 | -€43,955 | -€43,363 | -7324.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€592 | -€43,955 | -€43,363 | -7324.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.