MKL: what changed
What changed
MKL
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€67,692
2025 · €12,556+€55,136
Equity
€97,987
2025 · €30,295+€67,692
Cash
€71
2025 · €570-€499
Balance sheet total
€126,353
2025 · €329,170-€202,817
Largest movements
Assets
- Tangible fixed assets -€240,089
down €240,089 (-73.1%), from €328,585 to €88,496
- Receivables within one year +€37,772
up €37,772 (+251,309%), from €15 to €37,787
Equity and liabilities
- Debts after one year -€216,284
no longer reported in 2026 (was €216,284)
- Reserves +€82,431
up €82,431 (+656%), from €12,556 to €94,987
- Other debts -€54,465
no longer reported in 2026 (was €54,465)
- Current portion of long-term debt -€21,641
no longer reported in 2026 (was €21,641)
- Tax, wage and social debts +€19,690
up €19,690 (+312%), from €6,316 to €26,006
Income statement
- Gross operating margin +€76,212
up €76,212 (+298%), from €25,598 to €101,810
- Taxes +€21,949
up €21,949 (+541%), from €4,057 to €26,006
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€12,556
Gross operating margin
+€76,212
Depreciation
+€637
Other operating charges
-€314
Financial income
+€0
Financial charges
+€550
Taxes
-€21,949
Result 2026
€67,692
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24
Investment
+€237,402
Financing
-€237,925
Cash 2025
€570
From operations (derived)
+€24
Net result for the year
+€67,692
Depreciation
+€2,687
Receivables within one year
-€37,772
Trade debts
+€2,191
Tax, wage and social debts
+€19,690
Other debts
-€54,465
Investment (derived)
+€237,402
Investment in fixed assets (net)
+€237,402
Financing
-€237,925
Debts after one year
-€216,284
Current portion of long-term debt
-€21,641
Cash 2026
€71
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,170 | €126,353 | -€202,817 | -61.6% |
| Fixed assets | 21/28 | €328,585 | €88,496 | -€240,089 | -73.1% |
| Tangible fixed assets | 22/27 | €328,585 | €88,496 | -€240,089 | -73.1% |
| Land and buildings | 22 | €328,585 | €88,496 | -€240,089 | -73.1% |
| Current assets | 29/58 | €585 | €37,858 | +€37,273 | +6,369% |
| Amounts receivable within one year | 40/41 | €15 | €37,787 | +€37,772 | +251,309% |
| Other amounts receivable | 41 | €15 | €37,787 | +€37,772 | +251,309% |
| Cash at bank and in hand | 54/58 | €570 | €71 | -€499 | -87.5% |
| Total equity and liabilities | 10/49 | €329,170 | €126,353 | -€202,817 | -61.6% |
| Equity | 10/15 | €30,295 | €97,987 | +€67,692 | +223% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,556 | €94,987 | +€82,431 | +656% |
| Distributable reserves | 133 | €12,556 | €94,987 | +€82,431 | +656% |
| Profit (loss) carried forward | 14 | €14,739 | - | -€14,739 | |
| Amounts payable | 17/49 | €298,875 | €28,366 | -€270,509 | -90.5% |
| Amounts payable after more than one year | 17 | €216,284 | - | -€216,284 | |
| Financial debts | 170/4 | €216,284 | - | -€216,284 | |
| Amounts payable within one year | 42/48 | €82,591 | €28,366 | -€54,225 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €21,641 | - | -€21,641 | |
| Trade debts | 44 | €169 | €2,360 | +€2,191 | +1,295% |
| Suppliers | 440/4 | €169 | €2,360 | +€2,191 | +1,295% |
| Taxes, remuneration and social security | 45 | €6,316 | €26,006 | +€19,690 | +312% |
| Taxes | 450/3 | €6,316 | €26,006 | +€19,690 | +312% |
| Other amounts payable | 47/48 | €54,465 | - | -€54,465 | |
| Non-recurring operating income | 76A | - | €97,598 | +€97,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,324 | €2,687 | -€637 | -19.2% |
| Other operating charges | 640/8 | - | €314 | +€314 | |
| Gross operating margin | 9900 | €25,598 | €101,810 | +€76,212 | +298% |
| Operating profit (loss) | 9901 | €22,274 | €98,809 | +€76,535 | +344% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,661 | €5,111 | -€550 | -9.7% |
| Recurring financial charges | 65 | €5,661 | €5,111 | -€550 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €16,613 | €93,698 | +€77,085 | +464% |
| Income taxes | 67/77 | €4,057 | €26,006 | +€21,949 | +541% |
| Profit (loss) for the period | 9904 | €12,556 | €67,692 | +€55,136 | +439% |
| Profit (loss) for the period to be appropriated | 9905 | €12,556 | €67,692 | +€55,136 | +439% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.