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 -€35,185
down €35,185 (-100.0%), from €35,185 to €0
of which Other amounts receivable: -€33,185
- Cash +€34,449
up €34,449 (+77.2%), from €44,639 to €79,088
mainly Other debts (+€70,180) and Net result for the year (+€51,872)
- Intangible fixed assets -€2,000
down €2,000 (-52.2%), from €3,833 to €1,833
- Deferred charges and accrued income +€1,419
up €1,419 (+22.1%), from €6,414 to €7,833
- Reserves -€78,128
down €78,128 (-94.0%), from €83,099 to €4,971
- Other debts +€70,180
new in 2025: €70,180
- Tax, wage and social debts +€8,873
up €8,873 (+219.9%), from €4,034 to €12,908
- Trade debts -€1,709
down €1,709 (-46.7%), from €3,661 to €1,951
- Gross operating margin +€53,443
up €53,443 (+262.3%), from €20,378 to €73,821
- Taxes +€10,933
up €10,933 (+271.0%), from €4,034 to €14,968
- Depreciation -€2,294
down €2,294 (-45.1%), from €5,085 to €2,791
- Financial income -€2,126
down €2,126 (-100.0%), from €2,126 to €0
- Financial charges +€1,583
up €1,583 (+872.1%), from €182 to €1,764
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.
Cash bridge derived
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 | €93,794 | €93,010 | -€784 | -0.8% |
| Fixed assets | 21/28 | €7,556 | €6,089 | -€1,467 | -19.4% |
| Intangible fixed assets | 21 | €3,833 | €1,833 | -€2,000 | -52.2% |
| Tangible fixed assets | 22/27 | €3,723 | €4,256 | +€533 | +14.3% |
| Plant, machinery and equipment | 23 | €1,575 | €1,392 | -€183 | -11.6% |
| Furniture and vehicles | 24 | €2,148 | €2,864 | +€716 | +33.3% |
| Current assets | 29/58 | €86,238 | €86,921 | +€683 | +0.8% |
| Amounts receivable within one year | 40/41 | €35,185 | €0 | -€35,185 | -100.0% |
| Trade receivables | 40 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts receivable | 41 | €33,185 | €0 | -€33,185 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,639 | €79,088 | +€34,449 | +77.2% |
| Deferred charges and accrued income | 490/1 | €6,414 | €7,833 | +€1,419 | +22.1% |
| Total equity and liabilities | 10/49 | €93,794 | €93,010 | -€784 | -0.8% |
| Equity | 10/15 | €86,099 | €7,971 | -€78,128 | -90.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,099 | €4,971 | -€78,128 | -94.0% |
| Distributable reserves | 133 | €83,099 | €4,971 | -€78,128 | -94.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,695 | €85,039 | +€77,344 | +1005.1% |
| Amounts payable within one year | 42/48 | €7,695 | €85,039 | +€77,344 | +1005.1% |
| Trade debts | 44 | €3,661 | €1,951 | -€1,709 | -46.7% |
| Suppliers | 440/4 | €3,661 | €1,951 | -€1,709 | -46.7% |
| Taxes, remuneration and social security | 45 | €4,034 | €12,908 | +€8,873 | +219.9% |
| Taxes | 450/3 | €4,034 | €12,908 | +€8,873 | +219.9% |
| Other amounts payable | 47/48 | - | €70,180 | +€70,180 | |
| Non-recurring operating income | 76A | - | €9,193 | +€9,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,085 | €2,791 | -€2,294 | -45.1% |
| Other operating charges | 640/8 | €894 | €905 | +€11 | +1.2% |
| Non-recurring operating charges | 66A | - | €1,522 | +€1,522 | |
| Gross operating margin | 9900 | €20,378 | €73,821 | +€53,443 | +262.3% |
| Operating profit (loss) | 9901 | €14,400 | €68,604 | +€54,204 | +376.4% |
| Financial income | 75/76B | €2,126 | €0 | -€2,126 | -100.0% |
| Recurring financial income | 75 | €2,126 | €0 | -€2,126 | -100.0% |
| Financial charges | 65/66B | €182 | €1,764 | +€1,583 | +872.1% |
| Recurring financial charges | 65 | €182 | €1,764 | +€1,583 | +872.1% |
| Profit (loss) for the period before taxes | 9903 | €16,344 | €66,839 | +€50,496 | +309.0% |
| Income taxes | 67/77 | €4,034 | €14,968 | +€10,933 | +271.0% |
| Profit (loss) for the period | 9904 | €12,310 | €51,872 | +€39,562 | +321.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,310 | €51,872 | +€39,562 | +321.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.