MN KA: 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.
MN KA
Largest movements
- Receivables within one year +€31,903
new in 2025: €31,903
- Tangible fixed assets -€2,079
down €2,079 (-35.4%), from €5,869 to €3,790
- Cash -€1,162
down €1,162 (-6.1%), from €19,167 to €18,004
mainly Receivables within one year (-€31,903) and Trade debts (-€2,892)
- Profit (loss) carried forward +€21,696
up €21,696 (+82.7%), from €26,224 to €47,920
- Tax, wage and social debts +€9,957
up €9,957 (+155%), from €6,444 to €16,402
of which Taxes: +€7,045
- Trade debts -€2,892
down €2,892 (-53.8%), from €5,375 to €2,483
- Gross operating margin +€7,743
up €7,743 (+23.8%), from €32,548 to €40,290
- Staff costs +€4,250
up €4,250 (+74.8%), from €5,681 to €9,931
- Taxes +€1,049
up €1,049 (+21.6%), from €4,860 to €5,909
- Depreciation +€424
up €424 (+25.6%), from €1,655 to €2,079
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 | €38,043 | €66,805 | +€28,762 | +75.6% |
| Fixed assets | 21/28 | €8,269 | €6,190 | -€2,079 | -25.1% |
| Tangible fixed assets | 22/27 | €5,869 | €3,790 | -€2,079 | -35.4% |
| Plant, machinery and equipment | 23 | €3,274 | €2,324 | -€950 | -29.0% |
| Furniture and vehicles | 24 | €1,192 | €622 | -€570 | -47.8% |
| Other tangible fixed assets | 26 | €1,403 | €844 | -€559 | -39.8% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €29,774 | €60,615 | +€30,841 | +104% |
| Stocks and contracts in progress | 3 | €10,608 | €10,708 | +€100 | +0.9% |
| Stocks | 30/36 | €10,608 | €10,708 | +€100 | +0.9% |
| Amounts receivable within one year | 40/41 | - | €31,903 | +€31,903 | |
| Other amounts receivable | 41 | - | €31,903 | +€31,903 | |
| Cash at bank and in hand | 54/58 | €19,167 | €18,004 | -€1,162 | -6.1% |
| Total equity and liabilities | 10/49 | €38,043 | €66,805 | +€28,762 | +75.6% |
| Equity | 10/15 | €26,224 | €47,920 | +€21,696 | +82.7% |
| Profit (loss) carried forward | 14 | €26,224 | €47,920 | +€21,696 | +82.7% |
| Amounts payable | 17/49 | €11,820 | €18,885 | +€7,065 | +59.8% |
| Amounts payable within one year | 42/48 | €11,820 | €18,885 | +€7,065 | +59.8% |
| Trade debts | 44 | €5,375 | €2,483 | -€2,892 | -53.8% |
| Suppliers | 440/4 | €5,375 | €2,483 | -€2,892 | -53.8% |
| Taxes, remuneration and social security | 45 | €6,444 | €16,402 | +€9,957 | +155% |
| Taxes | 450/3 | €5,572 | €12,617 | +€7,045 | +126% |
| Remuneration and social security | 454/9 | €872 | €3,784 | +€2,912 | +334% |
| Remuneration, social security and pensions | 62 | €5,681 | €9,931 | +€4,250 | +74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,655 | €2,079 | +€424 | +25.6% |
| Other operating charges | 640/8 | €291 | €372 | +€81 | +27.9% |
| Gross operating margin | 9900 | €32,548 | €40,290 | +€7,743 | +23.8% |
| Operating profit (loss) | 9901 | €24,920 | €27,907 | +€2,987 | +12.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €556 | €304 | -€252 | -45.3% |
| Recurring financial charges | 65 | €556 | €304 | -€252 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €24,364 | €27,605 | +€3,242 | +13.3% |
| Income taxes | 67/77 | €4,860 | €5,909 | +€1,049 | +21.6% |
| Profit (loss) for the period | 9904 | €19,504 | €21,696 | +€2,193 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,504 | €21,696 | +€2,193 | +11.2% |
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 29 October 2026 via checked.be.