MXK2: 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.
MXK2
Largest movements
- Cash -€54,134
down €54,134 (-85.6%), from €63,267 to €9,133
mainly Tax, wage and social debts (-€44,246) and Receivables within one year (-€20,571)
- Receivables within one year +€20,571
up €20,571 (+4.5%), from €456,753 to €477,324
of which Trade receivables: +€31,009
- Tangible fixed assets +€12,323
up €12,323 (+37.6%), from €32,747 to €45,070
of which Land and buildings: +€8,862
- Other debts +€48,848
up €48,848 (+151%), from €32,301 to €81,150
- Tax, wage and social debts -€44,246
down €44,246 (-94.3%), from €46,906 to €2,660
of which Taxes: -€31,920
- Trade debts -€14,372
down €14,372 (-40.8%), from €35,245 to €20,872
- Profit (loss) carried forward -€7,430
down €7,430 (-1.7%), from €425,957 to €418,528
- Gross operating margin -€104,132
down €104,132 (-46.6%), from €223,312 to €119,179
- Staff costs -€46,156
down €46,156 (-33.6%), from €137,207 to €91,051
- Other operating charges -€43,536
down €43,536 (-60.9%), from €71,489 to €27,952
- Taxes -€7,941
no longer reported in 2025 (was €7,941)
- Depreciation +€2,458
up €2,458 (+138%), from €1,779 to €4,237
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 | €557,241 | €536,009 | -€21,232 | -3.8% |
| Fixed assets | 21/28 | €32,747 | €45,070 | +€12,323 | +37.6% |
| Tangible fixed assets | 22/27 | €32,747 | €45,070 | +€12,323 | +37.6% |
| Land and buildings | 22 | €19,386 | €28,248 | +€8,862 | +45.7% |
| Plant, machinery and equipment | 23 | €12,853 | €16,219 | +€3,366 | +26.2% |
| Furniture and vehicles | 24 | €508 | €603 | +€95 | +18.7% |
| Current assets | 29/58 | €524,494 | €490,939 | -€33,555 | -6.4% |
| Stocks and contracts in progress | 3 | €4,212 | €4,212 | = | 0.0% |
| Stocks | 30/36 | €4,212 | €4,212 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €456,753 | €477,324 | +€20,571 | +4.5% |
| Trade receivables | 40 | €443,386 | €474,395 | +€31,009 | +7.0% |
| Other amounts receivable | 41 | €13,367 | €2,929 | -€10,438 | -78.1% |
| Cash at bank and in hand | 54/58 | €63,267 | €9,133 | -€54,134 | -85.6% |
| Deferred charges and accrued income | 490/1 | €262 | €270 | +€8 | +3.0% |
| Total equity and liabilities | 10/49 | €557,241 | €536,009 | -€21,232 | -3.8% |
| Equity | 10/15 | €435,253 | €427,824 | -€7,430 | -1.7% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425,957 | €418,528 | -€7,430 | -1.7% |
| Amounts payable | 17/49 | €121,988 | €108,185 | -€13,802 | -11.3% |
| Amounts payable after more than one year | 17 | €3,503 | - | -€3,503 | |
| Financial debts | 170/4 | €3,503 | - | -€3,503 | |
| Amounts payable within one year | 42/48 | €118,484 | €108,185 | -€10,299 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €4,032 | €3,503 | -€529 | -13.1% |
| Trade debts | 44 | €35,245 | €20,872 | -€14,372 | -40.8% |
| Suppliers | 440/4 | €35,245 | €20,872 | -€14,372 | -40.8% |
| Taxes, remuneration and social security | 45 | €46,906 | €2,660 | -€44,246 | -94.3% |
| Taxes | 450/3 | €34,579 | €2,660 | -€31,920 | -92.3% |
| Remuneration and social security | 454/9 | €12,326 | - | -€12,326 | |
| Other amounts payable | 47/48 | €32,301 | €81,150 | +€48,848 | +151% |
| Non-recurring operating income | 76A | €89,000 | €117,263 | +€28,263 | +31.8% |
| Remuneration, social security and pensions | 62 | €137,207 | €91,051 | -€46,156 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,779 | €4,237 | +€2,458 | +138% |
| Other operating charges | 640/8 | €71,489 | €27,952 | -€43,536 | -60.9% |
| Gross operating margin | 9900 | €223,312 | €119,179 | -€104,132 | -46.6% |
| Operating profit (loss) | 9901 | €12,837 | -€4,061 | -€16,898 | |
| Financial income | 75/76B | €1 | €91 | +€91 | +15,135% |
| Recurring financial income | 75 | €1 | €91 | +€91 | +15,135% |
| Financial charges | 65/66B | €5,836 | €3,460 | -€2,376 | -40.7% |
| Recurring financial charges | 65 | €5,836 | €3,460 | -€2,376 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €7,001 | -€7,430 | -€14,431 | |
| Income taxes | 67/77 | €7,941 | - | -€7,941 | |
| Profit (loss) for the period | 9904 | -€940 | -€7,430 | -€6,490 | -691% |
| Profit (loss) for the period to be appropriated | 9905 | -€940 | -€7,430 | -€6,490 | -691% |
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 22 October 2026 via checked.be.