MKR3: what changed
Two fiscal 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.
MKR3
Largest movements
- Receivables within one year -€28,486
down €28,486 (-62.1%), from €45,835 to €17,349
of which Other amounts receivable: -€27,903
- Tangible fixed assets -€4,648
down €4,648 (-21.8%), from €21,286 to €16,638
of which Furniture and vehicles: -€2,688
- Intangible fixed assets -€3,600
down €3,600 (-25.0%), from €14,400 to €10,800
- Cash +€2,611
up €2,611 (+15.2%), from €17,172 to €19,782
mainly Receivables within one year (+€28,486) and Depreciation (+€8,248)
- Deferred charges and accrued income +€1,105
up €1,105 (+41.1%), from €2,688 to €3,793
- Tax, wage and social debts -€13,225
down €13,225 (-38.8%), from €34,073 to €20,848
of which Taxes: -€8,461
- Trade debts -€12,925
down €12,925 (-73.9%), from €17,487 to €4,562
- Profit (loss) carried forward -€6,868
down €6,868 (-14.7%), from €46,620 to €39,752
- Gross operating margin -€31,812
down €31,812 (-17.0%), from €186,649 to €154,837
- Staff costs -€14,454
down €14,454 (-9.6%), from €151,266 to €136,812
- Other operating charges +€4,767
up €4,767 (+326.4%), from €1,461 to €6,228
- Taxes -€3,377
down €3,377 (-37.5%), from €8,996 to €5,619
- Depreciation +€1,910
up €1,910 (+30.1%), from €6,338 to €8,248
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,380 | €71,362 | -€33,018 | -31.6% |
| Fixed assets | 21/28 | €35,686 | €27,438 | -€8,248 | -23.1% |
| Intangible fixed assets | 21 | €14,400 | €10,800 | -€3,600 | -25.0% |
| Tangible fixed assets | 22/27 | €21,286 | €16,638 | -€4,648 | -21.8% |
| Plant, machinery and equipment | 23 | €8,560 | €6,600 | -€1,960 | -22.9% |
| Furniture and vehicles | 24 | €12,726 | €10,038 | -€2,688 | -21.1% |
| Current assets | 29/58 | €68,694 | €43,924 | -€24,770 | -36.1% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,835 | €17,349 | -€28,486 | -62.1% |
| Trade receivables | 40 | €17,931 | €17,349 | -€583 | -3.2% |
| Other amounts receivable | 41 | €27,903 | - | -€27,903 | |
| Cash at bank and in hand | 54/58 | €17,172 | €19,782 | +€2,611 | +15.2% |
| Deferred charges and accrued income | 490/1 | €2,688 | €3,793 | +€1,105 | +41.1% |
| Total equity and liabilities | 10/49 | €104,380 | €71,362 | -€33,018 | -31.6% |
| Equity | 10/15 | €52,820 | €45,952 | -€6,868 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,620 | €39,752 | -€6,868 | -14.7% |
| Amounts payable | 17/49 | €51,560 | €25,410 | -€26,150 | -50.7% |
| Amounts payable within one year | 42/48 | €51,560 | €25,410 | -€26,150 | -50.7% |
| Trade debts | 44 | €17,487 | €4,562 | -€12,925 | -73.9% |
| Suppliers | 440/4 | €17,487 | €4,562 | -€12,925 | -73.9% |
| Taxes, remuneration and social security | 45 | €34,073 | €20,848 | -€13,225 | -38.8% |
| Taxes | 450/3 | €13,488 | €5,027 | -€8,461 | -62.7% |
| Remuneration and social security | 454/9 | €20,585 | €15,820 | -€4,764 | -23.1% |
| Remuneration, social security and pensions | 62 | €151,266 | €136,812 | -€14,454 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,338 | €8,248 | +€1,910 | +30.1% |
| Other operating charges | 640/8 | €1,461 | €6,228 | +€4,767 | +326.4% |
| Gross operating margin | 9900 | €186,649 | €154,837 | -€31,812 | -17.0% |
| Operating profit (loss) | 9901 | €27,584 | €3,550 | -€24,034 | -87.1% |
| Financial income | 75/76B | €165 | €569 | +€405 | +245.8% |
| Recurring financial income | 75 | €165 | €569 | +€405 | +245.8% |
| Financial charges | 65/66B | €4,933 | €5,368 | +€435 | +8.8% |
| Recurring financial charges | 65 | €4,933 | €5,368 | +€435 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €22,816 | -€1,249 | -€24,065 | |
| Income taxes | 67/77 | €8,996 | €5,619 | -€3,377 | -37.5% |
| Profit (loss) for the period | 9904 | €13,820 | -€6,868 | -€20,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,820 | -€6,868 | -€20,687 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.