MKM IMMO: 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 IMMO
Largest movements
- Stocks and contracts -€953,957
down €953,957 (-50.1%), from €1.9m to €950,801
- Current portion of long-term debt -€760,935
down €760,935 (-97.6%), from €780,000 to €19,065
- Profit (loss) carried forward -€393,335
down €393,335 (-231.5%), from -€169,873 to -€563,208
- Debts after one year +€318,905
up €318,905 (+156.4%), from €203,887 to €522,792
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Trade debts +€36,174
up €36,174 (+2501.7%), from €1,446 to €37,620
- Gross operating margin -€281,646
down €281,646 (-351.5%), from -€80,130 to -€361,776
- Financial charges -€41,618
down €41,618 (-56.9%), from €73,177 to €31,559
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 | €1,909,843 | €960,331 | -€949,512 | -49.7% |
| Current assets | 29/58 | €1,909,843 | €960,331 | -€949,512 | -49.7% |
| Stocks and contracts in progress | 3 | €1,904,758 | €950,801 | -€953,957 | -50.1% |
| Stocks | 30/36 | €1,904,758 | €950,801 | -€953,957 | -50.1% |
| Cash at bank and in hand | 54/58 | €5,085 | €5,294 | +€209 | +4.1% |
| Deferred charges and accrued income | 490/1 | - | €4,236 | +€4,236 | |
| Total equity and liabilities | 10/49 | €1,909,843 | €960,331 | -€949,512 | -49.7% |
| Equity | 10/15 | €670,127 | €276,792 | -€393,335 | -58.7% |
| Contributions | 10/11 | €840,000 | €840,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,873 | -€563,208 | -€393,335 | -231.5% |
| Amounts payable | 17/49 | €1,239,716 | €683,539 | -€556,177 | -44.9% |
| Amounts payable after more than one year | 17 | €203,887 | €522,792 | +€318,905 | +156.4% |
| Financial debts | 170/4 | €203,887 | €522,792 | +€318,905 | +156.4% |
| Amounts payable within one year | 42/48 | €1,031,964 | €158,624 | -€873,340 | -84.6% |
| Current portion of amounts payable after more than one year | 42 | €780,000 | €19,065 | -€760,935 | -97.6% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €1,446 | €37,620 | +€36,174 | +2501.7% |
| Suppliers | 440/4 | €1,446 | €37,620 | +€36,174 | +2501.7% |
| Other amounts payable | 47/48 | €100,518 | €101,940 | +€1,422 | +1.4% |
| Accrued charges and deferred income | 492/3 | €3,865 | €2,123 | -€1,742 | -45.1% |
| Gross operating margin | 9900 | -€80,130 | -€361,776 | -€281,646 | -351.5% |
| Operating profit (loss) | 9901 | -€80,130 | -€361,776 | -€281,646 | -351.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €73,177 | €31,559 | -€41,618 | -56.9% |
| Recurring financial charges | 65 | €73,177 | €31,559 | -€41,618 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€153,307 | -€393,335 | -€240,027 | -156.6% |
| Profit (loss) for the period | 9904 | -€153,307 | -€393,335 | -€240,027 | -156.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€153,307 | -€393,335 | -€240,027 | -156.6% |
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 6 October 2026 via checked.be.