MKSELECTION: 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.
MKSELECTION
Largest movements
- Cash +€147,749
up €147,749 (+100.3%), from €147,289 to €295,038
mainly Current investments (+€78,866) and Net result for the year (+€54,645)
- Current investments -€78,866
down €78,866 (-31.5%), from €250,000 to €171,134
- Reserves +€54,645
up €54,645 (+11.8%), from €464,786 to €519,431
- Trade debts +€8,619
up €8,619 (+443.1%), from €1,945 to €10,565
- Financial income +€9,414
up €9,414 (+47068700.0%), from €0 to €9,414
- Gross operating margin -€3,079
down €3,079 (-3.9%), from €79,061 to €75,981
- Other operating charges -€2,306
down €2,306 (-69.8%), from €3,304 to €998
- Taxes +€1,963
up €1,963 (+10.5%), from €18,718 to €20,680
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 | €492,799 | €556,506 | +€63,708 | +12.9% |
| Fixed assets | 21/28 | €28,198 | €22,036 | -€6,162 | -21.9% |
| Tangible fixed assets | 22/27 | €27,198 | €22,036 | -€5,162 | -19.0% |
| Furniture and vehicles | 24 | €27,198 | €22,036 | -€5,162 | -19.0% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €464,601 | €534,471 | +€69,870 | +15.0% |
| Stocks and contracts in progress | 3 | €44,875 | €43,622 | -€1,253 | -2.8% |
| Stocks | 30/36 | €44,875 | €43,622 | -€1,253 | -2.8% |
| Amounts receivable within one year | 40/41 | €20,626 | €22,822 | +€2,196 | +10.6% |
| Trade receivables | 40 | €20,344 | €21,691 | +€1,347 | +6.6% |
| Other amounts receivable | 41 | €282 | €1,131 | +€849 | +300.7% |
| Current investments | 50/53 | €250,000 | €171,134 | -€78,866 | -31.5% |
| Cash at bank and in hand | 54/58 | €147,289 | €295,038 | +€147,749 | +100.3% |
| Deferred charges and accrued income | 490/1 | €1,810 | €1,854 | +€44 | +2.4% |
| Total equity and liabilities | 10/49 | €492,799 | €556,506 | +€63,708 | +12.9% |
| Equity | 10/15 | €484,786 | €539,431 | +€54,645 | +11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €464,786 | €519,431 | +€54,645 | +11.8% |
| Distributable reserves | 133 | €464,786 | €519,431 | +€54,645 | +11.8% |
| Amounts payable | 17/49 | €8,012 | €17,075 | +€9,063 | +113.1% |
| Amounts payable within one year | 42/48 | €8,012 | €17,075 | +€9,063 | +113.1% |
| Trade debts | 44 | €1,945 | €10,565 | +€8,619 | +443.1% |
| Suppliers | 440/4 | €1,945 | €10,565 | +€8,619 | +443.1% |
| Taxes, remuneration and social security | 45 | €6,014 | €6,511 | +€497 | +8.3% |
| Taxes | 450/3 | €3,188 | €3,381 | +€193 | +6.1% |
| Remuneration and social security | 454/9 | €2,826 | €3,130 | +€304 | +10.8% |
| Other amounts payable | 47/48 | €53 | - | -€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,845 | €8,867 | +€22 | +0.3% |
| Other operating charges | 640/8 | €3,304 | €998 | -€2,306 | -69.8% |
| Gross operating margin | 9900 | €79,061 | €75,981 | -€3,079 | -3.9% |
| Operating profit (loss) | 9901 | €66,912 | €66,116 | -€795 | -1.2% |
| Financial income | 75/76B | €0 | €9,414 | +€9,414 | +47068700.0% |
| Recurring financial income | 75 | €0 | €9,414 | +€9,414 | +47068700.0% |
| Financial charges | 65/66B | €129 | €205 | +€77 | +59.6% |
| Recurring financial charges | 65 | €129 | €205 | +€77 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €66,783 | €75,325 | +€8,542 | +12.8% |
| Income taxes | 67/77 | €18,718 | €20,680 | +€1,963 | +10.5% |
| Profit (loss) for the period | 9904 | €48,066 | €54,645 | +€6,579 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,066 | €54,645 | +€6,579 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.