MK Projects: 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.
MK Projects
Largest movements
- Tangible fixed assets -€191,484
down €191,484 (-74.0%), from €258,925 to €67,441
of which Land and buildings: -€168,425
- Cash +€25,166
up €25,166 (+4,901%), from €513 to €25,680
mainly Investment in fixed assets (net) (+€165,465) and Depreciation (+€24,019)
- Receivables within one year -€7,152
down €7,152 (-92.3%), from €7,745 to €593
of which Other amounts receivable: -€7,345
- Debts after one year -€124,187
down €124,187 (-81.1%), from €153,159 to €28,972
- Other debts -€35,283
down €35,283 (-94.2%), from €37,446 to €2,163
- Accrued charges and deferred income +€6,757
new in 2025: €6,757
- Reserves -€6,755
down €6,755 (-22.7%), from €29,818 to €23,063
- Tax, wage and social debts -€6,647
down €6,647 (-59.0%), from €11,270 to €4,623
of which Taxes: -€8,647
- Gross operating margin -€19,878
down €19,878 (-39.2%), from €50,685 to €30,807
- Depreciation +€5,196
up €5,196 (+27.6%), from €18,823 to €24,019
- Taxes -€2,546
down €2,546 (-62.5%), from €4,073 to €1,527
- Other operating charges -€2,214
down €2,214 (-37.6%), from €5,882 to €3,668
- Financial charges -€790
down €790 (-8.5%), from €9,252 to €8,463
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 | €269,143 | €98,919 | -€170,223 | -63.2% |
| Fixed assets | 21/28 | €258,925 | €69,441 | -€189,484 | -73.2% |
| Tangible fixed assets | 22/27 | €258,925 | €67,441 | -€191,484 | -74.0% |
| Land and buildings | 22 | €168,425 | - | -€168,425 | |
| Plant, machinery and equipment | 23 | €2,474 | €2,805 | +€331 | +13.4% |
| Furniture and vehicles | 24 | €4,348 | €515 | -€3,833 | -88.2% |
| Leasing and similar rights | 25 | €83,678 | €64,121 | -€19,557 | -23.4% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €10,218 | €29,479 | +€19,260 | +188% |
| Amounts receivable within one year | 40/41 | €7,745 | €593 | -€7,152 | -92.3% |
| Trade receivables | 40 | - | €193 | +€193 | |
| Other amounts receivable | 41 | €7,745 | €400 | -€7,345 | -94.8% |
| Cash at bank and in hand | 54/58 | €513 | €25,680 | +€25,166 | +4,901% |
| Deferred charges and accrued income | 490/1 | €1,960 | €3,206 | +€1,246 | +63.6% |
| Total equity and liabilities | 10/49 | €269,143 | €98,919 | -€170,223 | -63.2% |
| Equity | 10/15 | €31,318 | €24,563 | -€6,755 | -21.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €29,818 | €23,063 | -€6,755 | -22.7% |
| Distributable reserves | 133 | €29,818 | €23,063 | -€6,755 | -22.7% |
| Amounts payable | 17/49 | €237,825 | €74,356 | -€163,469 | -68.7% |
| Amounts payable after more than one year | 17 | €153,159 | €28,972 | -€124,187 | -81.1% |
| Financial debts | 170/4 | €153,159 | €28,972 | -€124,187 | -81.1% |
| Amounts payable within one year | 42/48 | €84,666 | €38,627 | -€46,039 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €25,977 | €27,159 | +€1,182 | +4.5% |
| Trade debts | 44 | €9,974 | €4,682 | -€5,291 | -53.1% |
| Suppliers | 440/4 | €9,974 | €4,682 | -€5,291 | -53.1% |
| Taxes, remuneration and social security | 45 | €11,270 | €4,623 | -€6,647 | -59.0% |
| Taxes | 450/3 | €11,270 | €2,623 | -€8,647 | -76.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €37,446 | €2,163 | -€35,283 | -94.2% |
| Accrued charges and deferred income | 492/3 | - | €6,757 | +€6,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,823 | €24,019 | +€5,196 | +27.6% |
| Other operating charges | 640/8 | €5,882 | €3,668 | -€2,214 | -37.6% |
| Gross operating margin | 9900 | €50,685 | €30,807 | -€19,878 | -39.2% |
| Operating profit (loss) | 9901 | €25,980 | €3,120 | -€22,860 | -88.0% |
| Financial income | 75/76B | €71 | €115 | +€44 | +61.8% |
| Recurring financial income | 75 | €71 | €115 | +€44 | +61.8% |
| Financial charges | 65/66B | €9,252 | €8,463 | -€790 | -8.5% |
| Recurring financial charges | 65 | €9,252 | €8,463 | -€790 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €16,798 | -€5,228 | -€22,026 | |
| Income taxes | 67/77 | €4,073 | €1,527 | -€2,546 | -62.5% |
| Profit (loss) for the period | 9904 | €12,725 | -€6,755 | -€19,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,725 | -€6,755 | -€19,480 |
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 17 October 2026 via checked.be.