MKN MANAGEMENT: 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.
MKN MANAGEMENT
Largest movements
- Cash +€68,192
up €68,192 (+147%), from €46,500 to €114,692
mainly Net result for the year (+€36,936) and Receivables within one year (+€22,942)
- Receivables within one year -€22,942
down €22,942 (-21.9%), from €104,605 to €81,663
of which Other amounts receivable: -€25,470
- Tangible fixed assets -€18,225
down €18,225 (-15.7%), from €116,108 to €97,883
of which Leasing and similar rights: -€9,956
- Profit (loss) carried forward +€36,936
up €36,936 (+20.6%), from €179,192 to €216,129
- Debts after one year -€9,725
down €9,725 (-85.9%), from €11,318 to €1,593
- Gross operating margin +€18,640
up €18,640 (+28.2%), from €66,204 to €84,845
- Taxes +€3,838
up €3,838 (+63.2%), from €6,075 to €9,913
- Other operating charges +€1,003
up €1,003 (+18.1%), from €5,530 to €6,533
- Staff costs -€986
down €986 (-9.1%), from €10,806 to €9,820
- Financial charges -€960
down €960 (-68.6%), from €1,400 to €439
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.
Derived cash bridge
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 | €267,380 | €294,406 | +€27,025 | +10.1% |
| Fixed assets | 21/28 | €116,179 | €97,954 | -€18,225 | -15.7% |
| Tangible fixed assets | 22/27 | €116,108 | €97,883 | -€18,225 | -15.7% |
| Land and buildings | 22 | €92,551 | €83,448 | -€9,104 | -9.8% |
| Furniture and vehicles | 24 | €3,399 | €4,233 | +€834 | +24.5% |
| Leasing and similar rights | 25 | €20,157 | €10,201 | -€9,956 | -49.4% |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €151,202 | €196,452 | +€45,250 | +29.9% |
| Amounts receivable within one year | 40/41 | €104,605 | €81,663 | -€22,942 | -21.9% |
| Trade receivables | 40 | €44,048 | €46,576 | +€2,528 | +5.7% |
| Other amounts receivable | 41 | €60,557 | €35,088 | -€25,470 | -42.1% |
| Current investments | 50/53 | €96 | €97 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €46,500 | €114,692 | +€68,192 | +147% |
| Total equity and liabilities | 10/49 | €267,380 | €294,406 | +€27,025 | +10.1% |
| Equity | 10/15 | €199,652 | €236,589 | +€36,936 | +18.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,192 | €216,129 | +€36,936 | +20.6% |
| Amounts payable | 17/49 | €67,728 | €57,817 | -€9,911 | -14.6% |
| Amounts payable after more than one year | 17 | €11,318 | €1,593 | -€9,725 | -85.9% |
| Financial debts | 170/4 | €11,318 | €1,593 | -€9,725 | -85.9% |
| Amounts payable within one year | 42/48 | €55,561 | €54,837 | -€724 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €9,613 | €9,725 | +€112 | +1.2% |
| Trade debts | 44 | €37,856 | €36,509 | -€1,347 | -3.6% |
| Suppliers | 440/4 | €37,856 | €36,509 | -€1,347 | -3.6% |
| Taxes, remuneration and social security | 45 | €8,093 | €7,203 | -€889 | -11.0% |
| Taxes | 450/3 | €8,093 | €7,203 | -€889 | -11.0% |
| Other amounts payable | 47/48 | - | €1,400 | +€1,400 | |
| Accrued charges and deferred income | 492/3 | €849 | €1,387 | +€538 | +63.4% |
| Remuneration, social security and pensions | 62 | €10,806 | €9,820 | -€986 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,131 | €21,205 | +€74 | +0.3% |
| Other operating charges | 640/8 | €5,530 | €6,533 | +€1,003 | +18.1% |
| Gross operating margin | 9900 | €66,204 | €84,845 | +€18,640 | +28.2% |
| Operating profit (loss) | 9901 | €28,738 | €47,287 | +€18,550 | +64.5% |
| Financial income | 75/76B | €51 | €1 | -€51 | -98.6% |
| Recurring financial income | 75 | €51 | €1 | -€51 | -98.6% |
| Financial charges | 65/66B | €1,400 | €439 | -€960 | -68.6% |
| Recurring financial charges | 65 | €1,400 | €439 | -€960 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €27,389 | €46,849 | +€19,459 | +71.0% |
| Income taxes | 67/77 | €6,075 | €9,913 | +€3,838 | +63.2% |
| Profit (loss) for the period | 9904 | €21,314 | €36,936 | +€15,622 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,314 | €36,936 | +€15,622 | +73.3% |
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 13 October 2026 via checked.be.