MKL 23: 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.
MKL 23
Largest movements
- Tangible fixed assets +€1,289
new in 2025: €1,289
- Cash -€717
down €717 (-48.6%), from €1,475 to €758
mainly Investment in fixed assets (net) (-€1,289) and Other debts (-€578)
- Receivables within one year +€315
up €315 (+277.7%), from €113 to €428
of which Trade receivables: +€315
- Other debts -€578
down €578 (-6.7%), from €8,586 to €8,008
- Trade debts +€506
new in 2025: €506
- Profit (loss) carried forward +€494
up €494 (+4.9%), from -€10,044 to -€9,550
- Tax, wage and social debts +€464
up €464 (+68.9%), from €674 to €1,138
- Purchases and services -€19,715
no longer reported in 2025 (was €19,715)
- Gross operating margin +€9,460
up €9,460, from -€8,405 to €1,054
- Depreciation -€1,151
no longer reported in 2025 (was €1,151)
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 | €4,216 | €5,102 | +€887 | +21.0% |
| Fixed assets | 21/28 | €2,627 | €3,916 | +€1,289 | +49.1% |
| Tangible fixed assets | 22/27 | - | €1,289 | +€1,289 | |
| Plant, machinery and equipment | 23 | - | €1,289 | +€1,289 | |
| Financial fixed assets | 28 | €2,627 | €2,627 | = | 0.0% |
| Current assets | 29/58 | €1,588 | €1,186 | -€403 | -25.3% |
| Amounts receivable within one year | 40/41 | €113 | €428 | +€315 | +277.7% |
| Trade receivables | 40 | - | €315 | +€315 | |
| Other amounts receivable | 41 | €113 | €113 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,475 | €758 | -€717 | -48.6% |
| Total equity and liabilities | 10/49 | €4,216 | €5,102 | +€887 | +21.0% |
| Equity | 10/15 | -€5,044 | -€4,550 | +€494 | +9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,044 | -€9,550 | +€494 | +4.9% |
| Amounts payable | 17/49 | €9,260 | €9,652 | +€392 | +4.2% |
| Amounts payable within one year | 42/48 | €9,260 | €9,652 | +€392 | +4.2% |
| Trade debts | 44 | - | €506 | +€506 | |
| Suppliers | 440/4 | - | €506 | +€506 | |
| Taxes, remuneration and social security | 45 | €674 | €1,138 | +€464 | +68.9% |
| Taxes | 450/3 | €674 | €1,138 | +€464 | +68.9% |
| Other amounts payable | 47/48 | €8,586 | €8,008 | -€578 | -6.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,715 | - | -€19,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | - | -€1,151 | |
| Other operating charges | 640/8 | €366 | €425 | +€59 | +16.1% |
| Gross operating margin | 9900 | -€8,405 | €1,054 | +€9,460 | |
| Operating profit (loss) | 9901 | -€9,922 | €629 | +€10,551 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €123 | €135 | +€12 | +9.3% |
| Recurring financial charges | 65 | €123 | €135 | +€12 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,044 | €494 | +€10,539 | |
| Profit (loss) for the period | 9904 | -€10,044 | €494 | +€10,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,044 | €494 | +€10,539 |
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.