MKO IMMO: 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.
MKO IMMO
Largest movements
- Tangible fixed assets +€158,300
up €158,300 (+17.1%), from €925,279 to €1.1m
of which Land and buildings: +€159,969
- Receivables within one year -€25,789
down €25,789 (-78.4%), from €32,891 to €7,102
of which Other amounts receivable: -€32,286
- Debts after one year +€176,355
up €176,355 (+17.9%), from €986,544 to €1.2m
- Profit (loss) carried forward -€42,637
down €42,637 (-38.1%), from -€112,041 to -€154,678
- Trade debts -€21,094
down €21,094 (-35.6%), from €59,255 to €38,161
- Gross operating margin +€73,663
up €73,663 (+596%), from €12,366 to €86,029
- Write-downs -€72,149
down €72,149 (-71.5%), from €100,974 to €28,824
- Purchases and services -€40,553
no longer reported in 2025 (was €40,553)
- Financial charges +€34,672
up €34,672 (+231%), from €15,018 to €49,690
- Depreciation +€32,803
up €32,803 (+524%), from €6,264 to €39,067
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 | €987,215 | €1,115,326 | +€128,111 | +13.0% |
| Fixed assets | 21/28 | €928,679 | €1,086,979 | +€158,300 | +17.0% |
| Tangible fixed assets | 22/27 | €925,279 | €1,083,579 | +€158,300 | +17.1% |
| Land and buildings | 22 | €896,512 | €1,056,480 | +€159,969 | +17.8% |
| Plant, machinery and equipment | 23 | €6,859 | €6,656 | -€203 | -3.0% |
| Furniture and vehicles | 24 | €21,908 | €20,443 | -€1,466 | -6.7% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €58,536 | €28,347 | -€30,189 | -51.6% |
| Amounts receivable within one year | 40/41 | €32,891 | €7,102 | -€25,789 | -78.4% |
| Trade receivables | 40 | €605 | €7,102 | +€6,497 | +1,074% |
| Other amounts receivable | 41 | €32,286 | - | -€32,286 | |
| Cash at bank and in hand | 54/58 | €25,645 | €18,995 | -€6,650 | -25.9% |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €987,215 | €1,115,326 | +€128,111 | +13.0% |
| Equity | 10/15 | -€92,041 | -€134,678 | -€42,637 | -46.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,041 | -€154,678 | -€42,637 | -38.1% |
| Amounts payable | 17/49 | €1,079,255 | €1,250,004 | +€170,748 | +15.8% |
| Amounts payable after more than one year | 17 | €986,544 | €1,162,899 | +€176,355 | +17.9% |
| Financial debts | 170/4 | €986,544 | €1,162,899 | +€176,355 | +17.9% |
| Amounts payable within one year | 42/48 | €92,711 | €87,104 | -€5,607 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €33,456 | €42,724 | +€9,268 | +27.7% |
| Financial debts | 43 | - | €4,054 | +€4,054 | |
| Credit institutions | 430/8 | - | €4,054 | +€4,054 | |
| Trade debts | 44 | €59,255 | €38,161 | -€21,094 | -35.6% |
| Suppliers | 440/4 | €59,255 | €38,161 | -€21,094 | -35.6% |
| Other amounts payable | 47/48 | - | €2,165 | +€2,165 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,553 | - | -€40,553 | |
| Remuneration, social security and pensions | 62 | - | €3,139 | +€3,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,264 | €39,067 | +€32,803 | +524% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,974 | €28,824 | -€72,149 | -71.5% |
| Other operating charges | 640/8 | €2,151 | €7,946 | +€5,795 | +269% |
| Gross operating margin | 9900 | €12,366 | €86,029 | +€73,663 | +596% |
| Operating profit (loss) | 9901 | -€97,023 | €7,053 | +€104,076 | |
| Financial charges | 65/66B | €15,018 | €49,690 | +€34,672 | +231% |
| Recurring financial charges | 65 | €15,018 | €49,690 | +€34,672 | +231% |
| Profit (loss) for the period before taxes | 9903 | -€112,041 | -€42,637 | +€69,403 | +61.9% |
| Profit (loss) for the period | 9904 | -€112,041 | -€42,637 | +€69,403 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,041 | -€42,637 | +€69,403 | +61.9% |
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 14 October 2026 via checked.be.