MKM: 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.
MKM
Largest movements
- Cash +€30,089
up €30,089 (+59.7%), from €50,373 to €80,461
mainly Net result for the year (+€31,811) and Other debts (+€20,179)
- Receivables within one year -€5,699
down €5,699 (-20.5%), from €27,843 to €22,144
of which Trade receivables: -€11,416
- Other debts +€20,179
up €20,179 (+141.2%), from €14,296 to €34,475
- Trade debts +€2,025
up €2,025 (+120.3%), from €1,682 to €3,707
- Reserves +€1,811
up €1,811 (+6.2%), from €29,288 to €31,098
of which Distributable reserves: +€1,811
- Gross operating margin +€6,923
up €6,923 (+17.5%), from €39,461 to €46,384
- Taxes +€2,564
up €2,564 (+38.2%), from €6,719 to €9,284
- Financial charges +€1,781
up €1,781 (+639.1%), from €279 to €2,060
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,824 | €105,396 | +€24,572 | +30.4% |
| Fixed assets | 21/28 | €2,464 | €2,790 | +€326 | +13.2% |
| Tangible fixed assets | 22/27 | €2,464 | €2,790 | +€326 | +13.2% |
| Plant, machinery and equipment | 23 | - | €1,301 | +€1,301 | |
| Furniture and vehicles | 24 | €2,032 | €1,219 | -€813 | -40.0% |
| Other tangible fixed assets | 26 | €432 | €271 | -€161 | -37.3% |
| Current assets | 29/58 | €78,360 | €102,606 | +€24,246 | +30.9% |
| Amounts receivable within one year | 40/41 | €27,843 | €22,144 | -€5,699 | -20.5% |
| Trade receivables | 40 | €27,843 | €16,428 | -€11,416 | -41.0% |
| Other amounts receivable | 41 | €0 | €5,716 | +€5,716 | +28581950.0% |
| Cash at bank and in hand | 54/58 | €50,373 | €80,461 | +€30,089 | +59.7% |
| Deferred charges and accrued income | 490/1 | €144 | - | -€144 | |
| Total equity and liabilities | 10/49 | €80,824 | €105,396 | +€24,572 | +30.4% |
| Equity | 10/15 | €47,838 | €49,648 | +€1,811 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €29,288 | €31,098 | +€1,811 | +6.2% |
| Non-distributable reserves | 130/1 | €440 | €440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €440 | €440 | = | 0.0% |
| Distributable reserves | 133 | €28,847 | €30,658 | +€1,811 | +6.3% |
| Amounts payable | 17/49 | €32,987 | €55,748 | +€22,761 | +69.0% |
| Amounts payable within one year | 42/48 | €32,987 | €55,708 | +€22,721 | +68.9% |
| Trade debts | 44 | €1,682 | €3,707 | +€2,025 | +120.3% |
| Suppliers | 440/4 | €1,682 | €3,707 | +€2,025 | +120.3% |
| Taxes, remuneration and social security | 45 | €17,008 | €17,525 | +€517 | +3.0% |
| Taxes | 450/3 | €17,008 | €17,525 | +€517 | +3.0% |
| Other amounts payable | 47/48 | €14,296 | €34,475 | +€20,179 | +141.2% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,413 | +€318 | +29.0% |
| Other operating charges | 640/8 | €1,485 | €1,817 | +€332 | +22.3% |
| Gross operating margin | 9900 | €39,461 | €46,384 | +€6,923 | +17.5% |
| Operating profit (loss) | 9901 | €36,880 | €43,154 | +€6,274 | +17.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +250.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250.0% |
| Financial charges | 65/66B | €279 | €2,060 | +€1,781 | +639.1% |
| Recurring financial charges | 65 | €279 | €2,060 | +€1,781 | +639.1% |
| Profit (loss) for the period before taxes | 9903 | €36,602 | €41,094 | +€4,493 | +12.3% |
| Income taxes | 67/77 | €6,719 | €9,284 | +€2,564 | +38.2% |
| Profit (loss) for the period | 9904 | €29,882 | €31,811 | +€1,928 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,882 | €31,811 | +€1,928 | +6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.