MKL Projects: 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 Projects
Largest movements
- Cash +€11,905
new in 2025: €11,905
mainly Trade debts (+€9,985) and Net result for the year (+€9,909)
- Receivables within one year -€6,674
down €6,674 (-9.7%), from €69,163 to €62,488
of which Other amounts receivable: -€7,070
- Tangible fixed assets +€4,541
up €4,541 (+37.3%), from €12,170 to €16,711
of which Plant, machinery and equipment: +€5,904
- Trade debts +€9,985
up €9,985 (+65.1%), from €15,328 to €25,313
- Reserves +€9,909
up €9,909 (+35.8%), from €27,665 to €37,575
- Debts after one year -€4,558
down €4,558 (-33.8%), from €13,474 to €8,916
- Short-term financial debts -€4,205
down €4,205 (-60.3%), from €6,974 to €2,769
- Current portion of long-term debt -€4,064
down €4,064 (-47.1%), from €8,622 to €4,558
- Gross operating margin -€38,015
down €38,015 (-61.2%), from €62,071 to €24,056
- Financial charges -€11,878
down €11,878 (-68.9%), from €17,231 to €5,353
of which Non-recurring financial charges: -€13,000
- Financial income +€5,292
up €5,292 (+282.8%), from €1,871 to €7,162
- Taxes -€4,516
down €4,516 (-55.8%), from €8,089 to €3,573
- Depreciation +€3,415
up €3,415 (+90.4%), from €3,777 to €7,192
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 | €84,232 | €94,114 | +€9,882 | +11.7% |
| Fixed assets | 21/28 | €15,070 | €19,611 | +€4,541 | +30.1% |
| Tangible fixed assets | 22/27 | €12,170 | €16,711 | +€4,541 | +37.3% |
| Land and buildings | 22 | €1,623 | €1,460 | -€163 | -10.0% |
| Plant, machinery and equipment | 23 | €5,901 | €11,806 | +€5,904 | +100.0% |
| Furniture and vehicles | 24 | €4,645 | €3,445 | -€1,200 | -25.8% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €69,163 | €74,503 | +€5,340 | +7.7% |
| Amounts receivable within one year | 40/41 | €69,163 | €62,488 | -€6,674 | -9.7% |
| Trade receivables | 40 | €4,160 | €4,556 | +€396 | +9.5% |
| Other amounts receivable | 41 | €65,002 | €57,932 | -€7,070 | -10.9% |
| Cash at bank and in hand | 54/58 | - | €11,905 | +€11,905 | |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €84,232 | €94,114 | +€9,882 | +11.7% |
| Equity | 10/15 | €30,665 | €40,575 | +€9,909 | +32.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,665 | €37,575 | +€9,909 | +35.8% |
| Distributable reserves | 133 | €27,665 | €37,575 | +€9,909 | +35.8% |
| Amounts payable | 17/49 | €53,567 | €53,539 | -€28 | -0.1% |
| Amounts payable after more than one year | 17 | €13,474 | €8,916 | -€4,558 | -33.8% |
| Financial debts | 170/4 | €13,474 | €8,916 | -€4,558 | -33.8% |
| Amounts payable within one year | 42/48 | €40,093 | €44,624 | +€4,530 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €8,622 | €4,558 | -€4,064 | -47.1% |
| Financial debts | 43 | €6,974 | €2,769 | -€4,205 | -60.3% |
| Credit institutions | 430/8 | €6,974 | €2,769 | -€4,205 | -60.3% |
| Trade debts | 44 | €15,328 | €25,313 | +€9,985 | +65.1% |
| Suppliers | 440/4 | €15,328 | €25,313 | +€9,985 | +65.1% |
| Taxes, remuneration and social security | 45 | €9,169 | €11,983 | +€2,814 | +30.7% |
| Taxes | 450/3 | €9,169 | €11,983 | +€2,814 | +30.7% |
| Remuneration, social security and pensions | 62 | €2,922 | €596 | -€2,327 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,777 | €7,192 | +€3,415 | +90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €4,257 | €3,096 | -€1,161 | -27.3% |
| Gross operating margin | 9900 | €62,071 | €24,056 | -€38,015 | -61.2% |
| Operating profit (loss) | 9901 | €51,115 | €11,673 | -€39,442 | -77.2% |
| Financial income | 75/76B | €1,871 | €7,162 | +€5,292 | +282.8% |
| Recurring financial income | 75 | €1,871 | €7,162 | +€5,292 | +282.8% |
| Financial charges | 65/66B | €17,231 | €5,353 | -€11,878 | -68.9% |
| Recurring financial charges | 65 | €4,231 | €5,353 | +€1,122 | +26.5% |
| Non-recurring financial charges | 66B | €13,000 | - | -€13,000 | |
| Profit (loss) for the period before taxes | 9903 | €35,755 | €13,482 | -€22,272 | -62.3% |
| Income taxes | 67/77 | €8,089 | €3,573 | -€4,516 | -55.8% |
| Profit (loss) for the period | 9904 | €27,665 | €9,909 | -€17,756 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,665 | €9,909 | -€17,756 | -64.2% |
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 28 September 2026 via checked.be.