MKG CONSTRUCT: what changed
MKG CONSTRUCT
Largest movements
- Stocks and contracts +€11,327
up €11,327 (+8.4%), from €134,248 to €145,576
- Tangible fixed assets -€8,590
down €8,590 (-22.8%), from €37,697 to €29,107
of which Leasing and similar rights: -€8,547
- Cash +€3,273
up €3,273 (+12.0%), from €27,349 to €30,622
mainly Net result for the year (+€11,684) and Depreciation (+€10,555)
- Reserves +€11,600
up €11,600 (+86.6%), from €13,400 to €25,000
- Debts after one year -€8,263
down €8,263 (-39.0%), from €21,189 to €12,926
- Other debts -€6,319
down €6,319 (-4.9%), from €129,850 to €123,531
- Tax, wage and social debts +€5,408
up €5,408 (+90.8%), from €5,957 to €11,365
of which Taxes: +€5,408
- Trade debts +€3,970
up €3,970 (+1,959%), from €203 to €4,172
- Gross operating margin +€5,814
up €5,814 (+25.8%), from €22,575 to €28,389
- Taxes +€1,482
up €1,482 (+40.6%), from €3,653 to €5,136
- Depreciation +€1,460
up €1,460 (+16.1%), from €9,094 to €10,555
- Other operating charges -€291
down €291 (-24.5%), from €1,185 to €894
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,295 | €206,260 | +€6,965 | +3.5% |
| Fixed assets | 21/28 | €37,697 | €29,107 | -€8,590 | -22.8% |
| Tangible fixed assets | 22/27 | €37,697 | €29,107 | -€8,590 | -22.8% |
| Plant, machinery and equipment | 23 | €633 | €276 | -€356 | -56.3% |
| Furniture and vehicles | 24 | €3,018 | €3,331 | +€313 | +10.4% |
| Leasing and similar rights | 25 | €34,046 | €25,500 | -€8,547 | -25.1% |
| Current assets | 29/58 | €161,597 | €177,152 | +€15,555 | +9.6% |
| Stocks and contracts in progress | 3 | €134,248 | €145,576 | +€11,327 | +8.4% |
| Stocks | 30/36 | €134,248 | €145,576 | +€11,327 | +8.4% |
| Amounts receivable within one year | 40/41 | - | €955 | +€955 | |
| Trade receivables | 40 | - | €955 | +€955 | |
| Cash at bank and in hand | 54/58 | €27,349 | €30,622 | +€3,273 | +12.0% |
| Total equity and liabilities | 10/49 | €199,295 | €206,260 | +€6,965 | +3.5% |
| Equity | 10/15 | €34,607 | €46,291 | +€11,684 | +33.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,400 | €25,000 | +€11,600 | +86.6% |
| Non-distributable reserves | 130/1 | €13,400 | €25,000 | +€11,600 | +86.6% |
| Reserves not available under the articles | 1311 | €13,400 | €25,000 | +€11,600 | +86.6% |
| Profit (loss) carried forward | 14 | €1,207 | €1,291 | +€84 | +6.9% |
| Amounts payable | 17/49 | €164,688 | €159,969 | -€4,719 | -2.9% |
| Amounts payable after more than one year | 17 | €21,189 | €12,926 | -€8,263 | -39.0% |
| Financial debts | 170/4 | €21,189 | €12,926 | -€8,263 | -39.0% |
| Amounts payable within one year | 42/48 | €143,499 | €147,043 | +€3,544 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,489 | €7,974 | +€485 | +6.5% |
| Trade debts | 44 | €203 | €4,172 | +€3,970 | +1,959% |
| Suppliers | 440/4 | €203 | €4,172 | +€3,970 | +1,959% |
| Taxes, remuneration and social security | 45 | €5,957 | €11,365 | +€5,408 | +90.8% |
| Taxes | 450/3 | €4,332 | €9,740 | +€5,408 | +125% |
| Remuneration and social security | 454/9 | €1,625 | €1,625 | = | 0.0% |
| Other amounts payable | 47/48 | €129,850 | €123,531 | -€6,319 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,094 | €10,555 | +€1,460 | +16.1% |
| Other operating charges | 640/8 | €1,185 | €894 | -€291 | -24.5% |
| Gross operating margin | 9900 | €22,575 | €28,389 | +€5,814 | +25.8% |
| Operating profit (loss) | 9901 | €12,296 | €16,941 | +€4,644 | +37.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €123 | €121 | -€1 | -1.0% |
| Recurring financial charges | 65 | €123 | €121 | -€1 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €12,174 | €16,819 | +€4,646 | +38.2% |
| Income taxes | 67/77 | €3,653 | €5,136 | +€1,482 | +40.6% |
| Profit (loss) for the period | 9904 | €8,520 | €11,684 | +€3,163 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,520 | €11,684 | +€3,163 | +37.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.