MKV Group: 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.
MKV Group
Largest movements
- Receivables within one year +€7,466
up €7,466 (+103.4%), from €7,222 to €14,688
of which Trade receivables: +€7,470
- Cash +€6,451
up €6,451 (+255.5%), from €2,524 to €8,975
mainly Net result for the year (+€12,176) and Tax, wage and social debts (+€1,775)
- Profit (loss) carried forward +€12,176
up €12,176, from -€5,540 to €6,636
- Tax, wage and social debts +€1,775
up €1,775 (+34.1%), from €5,205 to €6,980
- Other debts -€1,145
down €1,145 (-41.9%), from €2,732 to €1,587
- Trade debts +€951
up €951 (+21.1%), from €4,509 to €5,460
- Gross operating margin +€3,594
up €3,594 (+36.8%), from €9,756 to €13,350
- Depreciation -€3,344
down €3,344 (-95.5%), from €3,503 to €159
- Other operating charges -€258
down €258 (-30.5%), from €845 to €587
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 | €9,905 | €23,663 | +€13,758 | +138.9% |
| Fixed assets | 21/28 | €159 | - | -€159 | |
| Tangible fixed assets | 22/27 | €159 | - | -€159 | |
| Plant, machinery and equipment | 23 | €159 | - | -€159 | |
| Current assets | 29/58 | €9,747 | €23,663 | +€13,916 | +142.8% |
| Amounts receivable within one year | 40/41 | €7,222 | €14,688 | +€7,466 | +103.4% |
| Trade receivables | 40 | €7,218 | €14,688 | +€7,470 | +103.5% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €2,524 | €8,975 | +€6,451 | +255.5% |
| Total equity and liabilities | 10/49 | €9,905 | €23,663 | +€13,758 | +138.9% |
| Equity | 10/15 | -€2,540 | €9,636 | +€12,176 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,540 | €6,636 | +€12,176 | |
| Amounts payable | 17/49 | €12,445 | €14,027 | +€1,582 | +12.7% |
| Amounts payable within one year | 42/48 | €12,445 | €14,027 | +€1,582 | +12.7% |
| Trade debts | 44 | €4,509 | €5,460 | +€951 | +21.1% |
| Suppliers | 440/4 | €4,509 | €5,460 | +€951 | +21.1% |
| Taxes, remuneration and social security | 45 | €5,205 | €6,980 | +€1,775 | +34.1% |
| Taxes | 450/3 | €5,205 | €6,980 | +€1,775 | +34.1% |
| Other amounts payable | 47/48 | €2,732 | €1,587 | -€1,145 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,503 | €159 | -€3,344 | -95.5% |
| Other operating charges | 640/8 | €845 | €587 | -€258 | -30.5% |
| Gross operating margin | 9900 | €9,756 | €13,350 | +€3,594 | +36.8% |
| Operating profit (loss) | 9901 | €5,407 | €12,604 | +€7,197 | +133.1% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €353 | €428 | +€75 | +21.3% |
| Recurring financial charges | 65 | €353 | €428 | +€75 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €5,063 | €12,176 | +€7,113 | +140.5% |
| Profit (loss) for the period | 9904 | €5,063 | €12,176 | +€7,113 | +140.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,063 | €12,176 | +€7,113 | +140.5% |
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 7 October 2026 via checked.be.