MKNS JOKE: 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.
MKNS JOKE
Largest movements
- Receivables within one year -€20,562
down €20,562 (-83.8%), from €24,550 to €3,988
of which Trade receivables: -€15,947
- Cash -€14,255
down €14,255 (-14.9%), from €95,751 to €81,497
mainly Contributions, distributions and other (-€57,060) and Trade debts (-€3,499)
- Reserves -€43,371
down €43,371 (-38.7%), from €112,187 to €68,816
- Other debts +€14,175
new in 2025: €14,175
- Trade debts -€3,499
down €3,499 (-65.6%), from €5,333 to €1,835
- Tax, wage and social debts -€2,658
down €2,658 (-99.0%), from €2,684 to €26
- Gross operating margin -€37,741
down €37,741 (-66.8%), from €56,539 to €18,798
- Taxes -€7,589
down €7,589 (-67.2%), from €11,299 to €3,710
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 | €125,204 | €89,852 | -€35,353 | -28.2% |
| Fixed assets | 21/28 | €755 | €197 | -€558 | -73.9% |
| Tangible fixed assets | 22/27 | €755 | €197 | -€558 | -73.9% |
| Plant, machinery and equipment | 23 | €755 | €197 | -€558 | -73.9% |
| Current assets | 29/58 | €124,449 | €89,654 | -€34,795 | -28.0% |
| Stocks and contracts in progress | 3 | €2,953 | €2,510 | -€443 | -15.0% |
| Stocks | 30/36 | €2,953 | €2,510 | -€443 | -15.0% |
| Amounts receivable within one year | 40/41 | €24,550 | €3,988 | -€20,562 | -83.8% |
| Trade receivables | 40 | €16,197 | €250 | -€15,947 | -98.5% |
| Other amounts receivable | 41 | €8,353 | €3,738 | -€4,615 | -55.2% |
| Cash at bank and in hand | 54/58 | €95,751 | €81,497 | -€14,255 | -14.9% |
| Deferred charges and accrued income | 490/1 | €1,195 | €1,660 | +€465 | +38.9% |
| Total equity and liabilities | 10/49 | €125,204 | €89,852 | -€35,353 | -28.2% |
| Equity | 10/15 | €117,187 | €73,816 | -€43,371 | -37.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,187 | €68,816 | -€43,371 | -38.7% |
| Distributable reserves | 133 | €112,187 | €68,816 | -€43,371 | -38.7% |
| Amounts payable | 17/49 | €8,017 | €16,035 | +€8,018 | +100% |
| Amounts payable within one year | 42/48 | €8,017 | €16,035 | +€8,018 | +100% |
| Trade debts | 44 | €5,333 | €1,835 | -€3,499 | -65.6% |
| Suppliers | 440/4 | €5,333 | €1,835 | -€3,499 | -65.6% |
| Taxes, remuneration and social security | 45 | €2,684 | €26 | -€2,658 | -99.0% |
| Taxes | 450/3 | €2,684 | €26 | -€2,658 | -99.0% |
| Other amounts payable | 47/48 | - | €14,175 | +€14,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558 | €558 | = | 0.0% |
| Other operating charges | 640/8 | €245 | €120 | -€125 | -51.0% |
| Gross operating margin | 9900 | €56,539 | €18,798 | -€37,741 | -66.8% |
| Operating profit (loss) | 9901 | €55,736 | €18,120 | -€37,616 | -67.5% |
| Financial income | 75/76B | €291 | - | -€291 | |
| Recurring financial income | 75 | €291 | - | -€291 | |
| Financial charges | 65/66B | €510 | €721 | +€211 | +41.4% |
| Recurring financial charges | 65 | €510 | €721 | +€211 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €55,518 | €17,399 | -€38,118 | -68.7% |
| Income taxes | 67/77 | €11,299 | €3,710 | -€7,589 | -67.2% |
| Profit (loss) for the period | 9904 | €44,218 | €13,689 | -€30,529 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,218 | €13,689 | -€30,529 | -69.0% |
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 19 October 2026 via checked.be.