MKO INNOVATIONS: 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 INNOVATIONS
Largest movements
- Cash +€39,854
up €39,854 (+179%), from €22,301 to €62,155
mainly Net result for the year (+€27,332) and Depreciation (+€11,377)
- Receivables within one year -€10,668
down €10,668 (-55.1%), from €19,357 to €8,689
of which Trade receivables: -€17,205
- Deferred charges and accrued income -€7,716
down €7,716 (-77.7%), from €9,931 to €2,214
- Intangible fixed assets +€5,209
new in 2025: €5,209
- Tangible fixed assets -€4,976
down €4,976 (-54.7%), from €9,095 to €4,119
of which Furniture and vehicles: -€5,332
- Reserves +€27,330
up €27,330 (+64.2%), from €42,540 to €69,870
- Debts after one year -€6,112
down €6,112 (-92.1%), from €6,638 to €526
- Other debts -€2,991
no longer reported in 2025 (was €2,991)
- Trade debts +€1,938
up €1,938 (+340%), from €571 to €2,509
- Tax, wage and social debts +€1,171
up €1,171 (+29.6%), from €3,962 to €5,134
- Gross operating margin +€27,311
up €27,311 (+98.8%), from €27,635 to €54,946
- Taxes +€9,406
up €9,406 (+172%), from €5,484 to €14,890
- Depreciation -€3,527
down €3,527 (-23.7%), from €14,904 to €11,377
- Financial charges -€856
down €856 (-52.7%), from €1,625 to €769
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 | €62,560 | €84,249 | +€21,689 | +34.7% |
| Fixed assets | 21/28 | €9,295 | €9,528 | +€233 | +2.5% |
| Intangible fixed assets | 21 | - | €5,209 | +€5,209 | |
| Tangible fixed assets | 22/27 | €9,095 | €4,119 | -€4,976 | -54.7% |
| Plant, machinery and equipment | 23 | €1,662 | €2,017 | +€356 | +21.4% |
| Furniture and vehicles | 24 | €7,434 | €2,102 | -€5,332 | -71.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €53,264 | €74,721 | +€21,457 | +40.3% |
| Stocks and contracts in progress | 3 | €1,677 | €1,663 | -€14 | -0.8% |
| Stocks | 30/36 | €1,677 | €1,663 | -€14 | -0.8% |
| Amounts receivable within one year | 40/41 | €19,357 | €8,689 | -€10,668 | -55.1% |
| Trade receivables | 40 | €17,321 | €116 | -€17,205 | -99.3% |
| Other amounts receivable | 41 | €2,036 | €8,573 | +€6,537 | +321% |
| Cash at bank and in hand | 54/58 | €22,301 | €62,155 | +€39,854 | +179% |
| Deferred charges and accrued income | 490/1 | €9,931 | €2,214 | -€7,716 | -77.7% |
| Total equity and liabilities | 10/49 | €62,560 | €84,249 | +€21,689 | +34.7% |
| Equity | 10/15 | €42,637 | €69,969 | +€27,332 | +64.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €42,540 | €69,870 | +€27,330 | +64.2% |
| Distributable reserves | 133 | €42,540 | €69,870 | +€27,330 | +64.2% |
| Profit (loss) carried forward | 14 | €96 | €98 | +€2 | +2.3% |
| Amounts payable | 17/49 | €19,923 | €14,280 | -€5,643 | -28.3% |
| Amounts payable after more than one year | 17 | €6,638 | €526 | -€6,112 | -92.1% |
| Financial debts | 170/4 | €6,638 | €526 | -€6,112 | -92.1% |
| Amounts payable within one year | 42/48 | €13,285 | €13,755 | +€469 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €5,761 | €6,112 | +€351 | +6.1% |
| Trade debts | 44 | €571 | €2,509 | +€1,938 | +340% |
| Suppliers | 440/4 | €571 | €2,509 | +€1,938 | +340% |
| Taxes, remuneration and social security | 45 | €3,962 | €5,134 | +€1,171 | +29.6% |
| Taxes | 450/3 | €3,962 | €5,134 | +€1,171 | +29.6% |
| Other amounts payable | 47/48 | €2,991 | - | -€2,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,904 | €11,377 | -€3,527 | -23.7% |
| Other operating charges | 640/8 | €528 | €756 | +€228 | +43.2% |
| Gross operating margin | 9900 | €27,635 | €54,946 | +€27,311 | +98.8% |
| Operating profit (loss) | 9901 | €12,203 | €42,813 | +€30,609 | +251% |
| Financial income | 75/76B | €8 | €179 | +€171 | +2,100% |
| Recurring financial income | 75 | €8 | €179 | +€171 | +2,100% |
| Financial charges | 65/66B | €1,625 | €769 | -€856 | -52.7% |
| Recurring financial charges | 65 | €1,625 | €769 | -€856 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €10,586 | €42,222 | +€31,636 | +299% |
| Income taxes | 67/77 | €5,484 | €14,890 | +€9,406 | +172% |
| Profit (loss) for the period | 9904 | €5,102 | €27,332 | +€22,230 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €5,102 | €27,332 | +€22,230 | +436% |
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 27 October 2026 via checked.be.