MKS Activity: 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.
MKS Activity
Largest movements
- Tangible fixed assets +€51,894
up €51,894 (+7.8%), from €662,846 to €714,740
of which Land and buildings: +€28,069
- Cash -€15,872
no longer reported in 2025 (was €15,872)
mainly Investment in fixed assets (net) (-€79,079) and Current portion of long-term debt (-€16,344)
- Profit (loss) carried forward +€36,117
up €36,117 (+39.4%), from €91,696 to €127,812
- Current portion of long-term debt -€16,344
down €16,344 (-27.8%), from €58,878 to €42,533
- Trade debts +€13,323
up €13,323 (+283%), from €4,707 to €18,031
- Short-term financial debts +€11,930
new in 2025: €11,930
- Accrued charges and deferred income -€11,015
down €11,015 (-30.1%), from €36,565 to €25,550
- Gross operating margin -€15,379
down €15,379 (-14.5%), from €106,382 to €91,003
- Taxes +€10,000
new in 2025: €10,000
- Depreciation +€4,958
up €4,958 (+22.3%), from €22,227 to €27,185
- Financial charges -€2,052
down €2,052 (-10.8%), from €19,031 to €16,979
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 | €683,361 | €725,466 | +€42,105 | +6.2% |
| Fixed assets | 21/28 | €662,846 | €714,740 | +€51,894 | +7.8% |
| Tangible fixed assets | 22/27 | €662,846 | €714,740 | +€51,894 | +7.8% |
| Land and buildings | 22 | €615,268 | €643,337 | +€28,069 | +4.6% |
| Plant, machinery and equipment | 23 | €46,511 | €69,021 | +€22,510 | +48.4% |
| Furniture and vehicles | 24 | €1,067 | €2,383 | +€1,315 | +123% |
| Current assets | 29/58 | €20,515 | €10,725 | -€9,790 | -47.7% |
| Amounts receivable within one year | 40/41 | €3,816 | €9,617 | +€5,801 | +152% |
| Trade receivables | 40 | €3,117 | €8,571 | +€5,454 | +175% |
| Other amounts receivable | 41 | €699 | €1,047 | +€348 | +49.7% |
| Cash at bank and in hand | 54/58 | €15,872 | - | -€15,872 | |
| Deferred charges and accrued income | 490/1 | €828 | €1,108 | +€281 | +33.9% |
| Total equity and liabilities | 10/49 | €683,361 | €725,466 | +€42,105 | +6.2% |
| Equity | 10/15 | €104,190 | €140,307 | +€36,117 | +34.7% |
| Contributions | 10/11 | €12,129 | €12,129 | = | 0.0% |
| Reserves | 13 | €365 | €365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €365 | €365 | = | 0.0% |
| Reserves not available under the articles | 1311 | €365 | €365 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,696 | €127,812 | +€36,117 | +39.4% |
| Amounts payable | 17/49 | €579,171 | €585,159 | +€5,988 | +1.0% |
| Amounts payable after more than one year | 17 | €433,744 | €438,095 | +€4,351 | +1.0% |
| Financial debts | 170/4 | €366,994 | €369,610 | +€2,615 | +0.7% |
| Other amounts payable | 178/9 | €66,750 | €68,485 | +€1,735 | +2.6% |
| Amounts payable within one year | 42/48 | €108,862 | €121,514 | +€12,652 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €58,878 | €42,533 | -€16,344 | -27.8% |
| Financial debts | 43 | - | €11,930 | +€11,930 | |
| Credit institutions | 430/8 | - | €11,930 | +€11,930 | |
| Trade debts | 44 | €4,707 | €18,031 | +€13,323 | +283% |
| Suppliers | 440/4 | €4,707 | €18,031 | +€13,323 | +283% |
| Advances received on contracts in progress | 46 | €1,070 | - | -€1,070 | |
| Taxes, remuneration and social security | 45 | - | €15 | +€15 | |
| Taxes | 450/3 | - | €15 | +€15 | |
| Other amounts payable | 47/48 | €44,207 | €49,005 | +€4,798 | +10.9% |
| Accrued charges and deferred income | 492/3 | €36,565 | €25,550 | -€11,015 | -30.1% |
| Non-recurring operating income | 76A | - | €28,080 | +€28,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,227 | €27,185 | +€4,958 | +22.3% |
| Other operating charges | 640/8 | €413 | €723 | +€310 | +75.1% |
| Gross operating margin | 9900 | €106,382 | €91,003 | -€15,379 | -14.5% |
| Operating profit (loss) | 9901 | €83,742 | €63,095 | -€20,647 | -24.7% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €19,031 | €16,979 | -€2,052 | -10.8% |
| Recurring financial charges | 65 | €19,031 | €16,979 | -€2,052 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €64,716 | €46,117 | -€18,599 | -28.7% |
| Income taxes | 67/77 | - | €10,000 | +€10,000 | |
| Profit (loss) for the period | 9904 | €64,716 | €36,117 | -€28,599 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,716 | €36,117 | -€28,599 | -44.2% |
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 17 October 2026 via checked.be.