MKS: 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.
MKS
Largest movements
- Receivables within one year +€141,065
up €141,065 (+226.7%), from €62,225 to €203,290
of which Trade receivables: +€119,032
- Tangible fixed assets -€9,156
down €9,156 (-47.7%), from €19,204 to €10,048
- Trade debts +€80,375
up €80,375 (+121.7%), from €66,050 to €146,425
- Advances received +€38,362
new in 2023: €38,362
- Tax, wage and social debts +€22,035
up €22,035 (+106.7%), from €20,652 to €42,687
- Short-term financial debts -€17,481
down €17,481 (-79.2%), from €22,077 to €4,595
- Other debts +€8,000
up €8,000 (+59.7%), from €13,400 to €21,400
- Taxes +€9,671
up €9,671 (+83.5%), from €11,579 to €21,249
- Gross operating margin -€6,872
down €6,872 (-15.4%), from €44,754 to €37,882
- Financial charges -€2,257
down €2,257 (-41.3%), from €5,468 to €3,211
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,737 | €257,383 | +€131,646 | +104.7% |
| Fixed assets | 21/28 | €19,204 | €10,048 | -€9,156 | -47.7% |
| Tangible fixed assets | 22/27 | €19,204 | €10,048 | -€9,156 | -47.7% |
| Furniture and vehicles | 24 | €19,204 | €10,048 | -€9,156 | -47.7% |
| Current assets | 29/58 | €106,533 | €247,335 | +€140,802 | +132.2% |
| Stocks and contracts in progress | 3 | €43,617 | €42,039 | -€1,578 | -3.6% |
| Stocks | 30/36 | €43,617 | €42,039 | -€1,578 | -3.6% |
| Amounts receivable within one year | 40/41 | €62,225 | €203,290 | +€141,065 | +226.7% |
| Trade receivables | 40 | - | €119,032 | +€119,032 | |
| Other amounts receivable | 41 | €62,225 | €84,258 | +€22,033 | +35.4% |
| Cash at bank and in hand | 54/58 | - | €1,540 | +€1,540 | |
| Deferred charges and accrued income | 490/1 | €692 | €466 | -€225 | -32.6% |
| Total equity and liabilities | 10/49 | €125,737 | €257,383 | +€131,646 | +104.7% |
| Equity | 10/15 | €3,559 | €3,913 | +€355 | +10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | - | -€20,000 | |
| Share premium | 1100/10 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €14,713 | €14,713 | = | 0.0% |
| Distributable reserves | 133 | €14,713 | €14,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,155 | -€30,800 | +€355 | +1.1% |
| Amounts payable | 17/49 | €122,178 | €253,470 | +€131,291 | +107.5% |
| Amounts payable within one year | 42/48 | €122,178 | €253,470 | +€131,291 | +107.5% |
| Financial debts | 43 | €22,077 | €4,595 | -€17,481 | -79.2% |
| Credit institutions | 430/8 | €22,077 | €4,595 | -€17,481 | -79.2% |
| Trade debts | 44 | €66,050 | €146,425 | +€80,375 | +121.7% |
| Suppliers | 440/4 | €66,050 | €146,425 | +€80,375 | +121.7% |
| Advances received on contracts in progress | 46 | - | €38,362 | +€38,362 | |
| Taxes, remuneration and social security | 45 | €20,652 | €42,687 | +€22,035 | +106.7% |
| Taxes | 450/3 | €20,652 | €42,687 | +€22,035 | +106.7% |
| Other amounts payable | 47/48 | €13,400 | €21,400 | +€8,000 | +59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,203 | €9,156 | -€47 | -0.5% |
| Other operating charges | 640/8 | €3,796 | €3,913 | +€117 | +3.1% |
| Gross operating margin | 9900 | €44,754 | €37,882 | -€6,872 | -15.4% |
| Operating profit (loss) | 9901 | €31,755 | €24,813 | -€6,942 | -21.9% |
| Financial income | 75/76B | €5 | €3 | -€2 | -45.5% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -45.5% |
| Financial charges | 65/66B | €5,468 | €3,211 | -€2,257 | -41.3% |
| Recurring financial charges | 65 | €5,468 | €3,211 | -€2,257 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €26,292 | €21,604 | -€4,688 | -17.8% |
| Income taxes | 67/77 | €11,579 | €21,249 | +€9,671 | +83.5% |
| Profit (loss) for the period | 9904 | €14,713 | €355 | -€14,358 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,713 | €355 | -€14,358 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.