MKR 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.
MKR Immo
Largest movements
- Tangible fixed assets -€132,871
down €132,871 (-8.5%), from €1.6m to €1.4m
of which Land and buildings: -€119,836
- Receivables within one year -€24,563
down €24,563 (-60.2%), from €40,771 to €16,208
of which Trade receivables: -€32,254
- Debts after one year -€87,504
down €87,504 (-66.7%), from €131,224 to €43,720
- Investment grants -€52,731
down €52,731 (-69.7%), from €75,685 to €22,954
- Current portion of long-term debt -€51,866
down €51,866 (-37.2%), from €139,370 to €87,504
- Reserves +€23,544
up €23,544 (+8.5%), from €277,192 to €300,736
- Gross operating margin -€20,968
down €20,968 (-10.9%), from €192,314 to €171,346
- Purchases and services -€17,026
no longer reported in 2025 (was €17,026)
- Financial income +€13,214
up €13,214 (+376%), from €3,518 to €16,732
- Financial charges -€8,326
down €8,326 (-66.3%), from €12,557 to €4,231
- Taxes -€3,325
down €3,325 (-59.4%), from €5,596 to €2,271
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 | €1,728,695 | €1,561,893 | -€166,802 | -9.6% |
| Fixed assets | 21/28 | €1,570,049 | €1,437,178 | -€132,871 | -8.5% |
| Tangible fixed assets | 22/27 | €1,570,049 | €1,437,178 | -€132,871 | -8.5% |
| Land and buildings | 22 | €1,433,321 | €1,313,485 | -€119,836 | -8.4% |
| Plant, machinery and equipment | 23 | €135,960 | €123,693 | -€12,267 | -9.0% |
| Furniture and vehicles | 24 | €768 | - | -€768 | |
| Current assets | 29/58 | €158,646 | €124,715 | -€33,931 | -21.4% |
| Amounts receivable within one year | 40/41 | €40,771 | €16,208 | -€24,563 | -60.2% |
| Trade receivables | 40 | €36,000 | €3,746 | -€32,254 | -89.6% |
| Other amounts receivable | 41 | €4,771 | €12,463 | +€7,692 | +161% |
| Cash at bank and in hand | 54/58 | €117,875 | €108,507 | -€9,368 | -7.9% |
| Total equity and liabilities | 10/49 | €1,728,695 | €1,561,893 | -€166,802 | -9.6% |
| Equity | 10/15 | - | €1,424,546 | +€1.4m | |
| Contributions | 10/11 | €74,300 | €74,300 | -€0 | 0.0% |
| Reserves | 13 | €277,192 | €300,736 | +€23,544 | +8.5% |
| Distributable reserves | 133 | €277,192 | €300,736 | +€23,544 | +8.5% |
| Profit (loss) carried forward | 14 | €1,026,556 | €1,026,556 | +€0 | 0.0% |
| Investment grants | 15 | €75,685 | €22,954 | -€52,731 | -69.7% |
| Amounts payable | 17/49 | €274,962 | €137,347 | -€137,615 | -50.0% |
| Amounts payable after more than one year | 17 | €131,224 | €43,720 | -€87,504 | -66.7% |
| Financial debts | 170/4 | €131,224 | €43,720 | -€87,504 | -66.7% |
| Amounts payable within one year | 42/48 | €143,738 | €93,627 | -€50,111 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €139,370 | €87,504 | -€51,866 | -37.2% |
| Trade debts | 44 | €1,148 | €2,575 | +€1,427 | +124% |
| Suppliers | 440/4 | €1,148 | €2,575 | +€1,427 | +124% |
| Other amounts payable | 47/48 | €3,220 | €3,548 | +€328 | +10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,026 | - | -€17,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,204 | €132,871 | -€333 | -0.3% |
| Other operating charges | 640/8 | €24,418 | €25,161 | +€743 | +3.0% |
| Gross operating margin | 9900 | €192,314 | €171,346 | -€20,968 | -10.9% |
| Operating profit (loss) | 9901 | €34,692 | €13,314 | -€21,378 | -61.6% |
| Financial income | 75/76B | €3,518 | €16,732 | +€13,214 | +376% |
| Recurring financial income | 75 | €3,518 | €16,732 | +€13,214 | +376% |
| Financial charges | 65/66B | €12,557 | €4,231 | -€8,326 | -66.3% |
| Recurring financial charges | 65 | €12,557 | €4,231 | -€8,326 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €25,653 | €25,815 | +€162 | +0.6% |
| Income taxes | 67/77 | €5,596 | €2,271 | -€3,325 | -59.4% |
| Profit (loss) for the period | 9904 | €20,057 | €23,544 | +€3,487 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,057 | €23,544 | +€3,487 | +17.4% |
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 18 October 2026 via checked.be.