MKL: 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.
What changed
MKL
NACE 86.103, Human health activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.2m+€153,002
Equity
€53.5m
2024 · €53.0m+€535,963
Cash
€1.5m
2024 · €1.7m-€176,295
Balance sheet total
€85.6m
2024 · €82.3m+€3.3m
Largest movements
Assets
- Tangible fixed assets +€6.3m
up €6.3m (+11.0%), from €57.8m to €64.1m
of which Land and buildings: +€6.7m
- Current investments -€2.0m
down €2.0m (-15.4%), from €13.2m to €11.2m
- Receivables after one year -€1.1m
down €1.1m (-33.3%), from €3.3m to €2.2m
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+9.3%), from €18.8m to €20.5m
- Profit (loss) carried forward +€1.3m
up €1.3m (+4.9%), from €27.7m to €29.0m
Income statement
- Turnover +€2.0m
up €2.0m (+4.6%), from €43.6m to €45.6m
- Staff costs +€1.3m
up €1.3m (+3.5%), from €36.5m to €37.8m
- Services and other goods +€1.0m
up €1.0m (+14.0%), from €7.3m to €8.3m
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.
Result 2024
€1.2m
Turnover
+€2.0m
Other operating income
+€332,969
Goods and materials
-€202,184
Services and other goods
-€1.0m
Staff costs
-€1.3m
Depreciation
+€105,999
Write-downs
-€23,761
Other operating charges
-€138,710
Other operating items
+€196,202
Financial income
+€94,229
Financial charges
+€79,232
Result 2025
€1.3m
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.
From operations
+€6.6m
Investment
-€7.7m
Financing
+€945,366
Cash 2024
€1.7m
From operations (derived)
+€6.6m
Net result for the year
+€1.3m
Depreciation
+€3.4m
Receivables after one year
+€1.1m
Stocks and contracts
+€80,920
Receivables within one year
-€560,043
Deferred charges and accrued income
+€182,810
Debts within one year
+€837,073
Accrued charges and deferred income
+€144,369
Investment (derived)
-€7.7m
Investment in fixed assets (net)
-€9.7m
Current investments
+€2.0m
Financing
+€945,366
Debts after one year
+€1.8m
Contributions, distributions and other
-€807,537
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,319,306 | €85,589,613 | +€3.3m | +4.0% |
| Formation expenses | 20 | €4,586 | €4,586 | = | 0.0% |
| Fixed assets | 21/28 | €58,266,665 | €64,540,305 | +€6.3m | +10.8% |
| Intangible fixed assets | 21 | €477,863 | €408,646 | -€69,217 | -14.5% |
| Tangible fixed assets | 22/27 | €57,788,244 | €64,131,101 | +€6.3m | +11.0% |
| Land and buildings | 22 | €55,078,202 | €61,755,794 | +€6.7m | +12.1% |
| Plant, machinery and equipment | 23 | €1,432,007 | €1,252,764 | -€179,243 | -12.5% |
| Furniture and vehicles | 24 | €1,239,176 | €1,083,683 | -€155,493 | -12.5% |
| Other tangible fixed assets | 26 | €38,860 | €38,860 | = | 0.0% |
| Financial fixed assets | 28 | €558 | €558 | = | 0.0% |
| Other financial fixed assets | 284/8 | €558 | €558 | = | 0.0% |
| Shares | 284 | €558 | €558 | = | 0.0% |
| Current assets | 29/58 | €24,048,054 | €21,044,722 | -€3.0m | -12.5% |
| Amounts receivable after more than one year | 29 | €3,287,325 | €2,191,550 | -€1.1m | -33.3% |
| Other amounts receivable | 291 | €3,287,325 | €2,191,550 | -€1.1m | -33.3% |
| Stocks and contracts in progress | 3 | €298,345 | €217,424 | -€80,920 | -27.1% |
| Stocks | 30/36 | €298,345 | €217,424 | -€80,920 | -27.1% |
| Raw materials and consumables | 30/31 | €298,345 | €217,424 | -€80,920 | -27.1% |
| Amounts receivable within one year | 40/41 | €5,068,400 | €5,628,444 | +€560,043 | +11.0% |
| Trade receivables | 40 | €3,915,451 | €4,472,947 | +€557,496 | +14.2% |
| Other amounts receivable | 41 | €1,152,950 | €1,155,497 | +€2,547 | +0.2% |
| Current investments | 50/53 | €13,191,996 | €11,164,421 | -€2.0m | -15.4% |
| Cash at bank and in hand | 54/58 | €1,684,538 | €1,508,244 | -€176,295 | -10.5% |
| Deferred charges and accrued income | 490/1 | €517,450 | €334,640 | -€182,810 | -35.3% |
| Total equity and liabilities | 10/49 | €82,319,306 | €85,589,613 | +€3.3m | +4.0% |
| Equity | 10/15 | €52,974,153 | €53,510,116 | +€535,963 | +1.0% |
| Contributions | 10/11 | €9,022,535 | €9,022,535 | = | 0.0% |
| Capital | 10 | €9,022,535 | €9,022,535 | = | 0.0% |
| Revaluation surpluses | 12 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €458,577 | €458,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,691,910 | €29,035,409 | +€1.3m | +4.9% |
| Investment grants | 15 | €15,757,750 | €14,950,213 | -€807,537 | -5.1% |
| Provisions and deferred taxes | 16 | €400,492 | €400,492 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €400,492 | €400,492 | = | 0.0% |
| Major repairs and maintenance | 162 | €400,492 | €400,492 | = | 0.0% |
| Amounts payable | 17/49 | €28,944,661 | €31,679,006 | +€2.7m | +9.4% |
| Amounts payable after more than one year | 17 | €18,781,292 | €20,534,194 | +€1.8m | +9.3% |
| Financial debts | 170/4 | €18,781,292 | €20,534,194 | +€1.8m | +9.3% |
| Credit institutions | 173 | €18,451,292 | €20,294,194 | +€1.8m | +10.0% |
| Other loans | 174 | €330,000 | €240,000 | -€90,000 | -27.3% |
| Amounts payable within one year | 42/48 | €9,608,975 | €10,446,048 | +€837,073 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €2,704,865 | €2,998,913 | +€294,048 | +10.9% |
| Trade debts | 44 | €2,305,656 | €2,587,566 | +€281,910 | +12.2% |
| Suppliers | 440/4 | €2,305,656 | €2,587,566 | +€281,910 | +12.2% |
| Taxes, remuneration and social security | 45 | €4,083,434 | €4,333,020 | +€249,585 | +6.1% |
| Taxes | 450/3 | €60,478 | €60,192 | -€286 | -0.5% |
| Remuneration and social security | 454/9 | €4,022,956 | €4,272,828 | +€249,872 | +6.2% |
| Accrued charges and deferred income | 492/3 | €554,394 | €698,763 | +€144,369 | +26.0% |
| Operating income | 70/76A | €54,034,004 | €56,999,905 | +€3.0m | +5.5% |
| Turnover | 70 | €43,586,625 | €45,607,105 | +€2.0m | +4.6% |
| Membership fees, donations, legacies and grants | 73 | €8,882,995 | €8,815,046 | -€67,948 | -0.8% |
| Other operating income | 74 | €1,512,797 | €1,845,766 | +€332,969 | +22.0% |
| Non-recurring operating income | 76A | €51,587 | €731,988 | +€680,400 | +1318.9% |
| Operating charges | 60/66A | €52,050,361 | €55,036,720 | +€3.0m | +5.7% |
| Goods for resale, raw materials and consumables | 60 | €4,142,059 | €4,344,243 | +€202,184 | +4.9% |
| Purchases | 600/8 | €4,070,418 | €4,233,828 | +€163,409 | +4.0% |
| Change in stocks: decrease (increase) | 609 | €71,641 | €110,415 | +€38,774 | +54.1% |
| Services and other goods | 61 | €7,286,885 | €8,309,730 | +€1.0m | +14.0% |
| Remuneration, social security and pensions | 62 | €36,522,549 | €37,811,157 | +€1.3m | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,547,136 | €3,441,137 | -€105,999 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,050 | €12,711 | +€23,761 | |
| Other operating charges | 640/8 | €139,439 | €278,149 | +€138,710 | +99.5% |
| Non-recurring operating charges | 66A | €363,200 | €839,593 | +€476,393 | +131.2% |
| Operating profit (loss) | 9901 | €1,983,644 | €1,963,185 | -€20,459 | -1.0% |
| Financial income | 75/76B | €116,512 | €210,740 | +€94,229 | +80.9% |
| Recurring financial income | 75 | €116,512 | €210,740 | +€94,229 | +80.9% |
| Income from current assets | 751 | €106,831 | €88,387 | -€18,445 | -17.3% |
| Other financial income | 752/9 | €9,680 | €122,354 | +€112,674 | +1164.0% |
| Financial charges | 65/66B | €909,657 | €830,425 | -€79,232 | -8.7% |
| Recurring financial charges | 65 | €909,657 | €830,425 | -€79,232 | -8.7% |
| Debt charges | 650 | €1,095,002 | €857,857 | -€237,145 | -21.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€212,297 | -€51,170 | +€161,127 | +75.9% |
| Other financial charges | 652/9 | €26,952 | €23,738 | -€3,214 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €1,190,498 | €1,343,500 | +€153,002 | +12.9% |
| Profit (loss) for the period | 9904 | €1,190,498 | €1,343,500 | +€153,002 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,190,498 | €1,343,500 | +€153,002 | +12.9% |
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 12 October 2026 via checked.be.