MB PROJECTS
InactiveFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 23-04-2025 PDF all 3 filings
Equity
€25,691▼ 17.9%
2023 · €31,278
Total assets
€82,697▼ 8.4%
2023 · €90,253
Net result
-€5,587▲ 54.5%
2023 · -€12,268
Working capital
€62,073▼ 3.5%
2023 · €64,292
Trend over the years
2022 to 2024, 3 financial years
The operating result for 2024 is a loss of €4,848, smaller than the loss of €12,019 in 2023.
Operating result-€4,848
2024
Net result-€5,587
2024
Total assets€82,697
2024
Equity€25,691
2024
Debt€57,007
2024
Working capital€62,073
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202220232024
Operating result-€5,500--€12,019▼ 119%-€4,848▲ 59.7%
Net result-€6,062--€12,268▼ 102%-€5,587▲ 54.5%
Equity€43,546-€31,278▼ 28.2%€25,691▼ 17.9%
Total assets€55,756-€90,253▲ 61.9%€82,697▼ 8.4%
Debt€12,210-€58,976▲ 383%€57,007▼ 3.3%
Working capital€22,748-€64,292▲ 183%€62,073▼ 3.5%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82,697
Fixed assets
€13,617 ▼ 20.2%
Current assets
€69,080 ▼ 5.6%
Equity and liabilities €82,697
Equity
€25,691 ▼ 17.9%
Debt
€57,007 ▼ 3.3%
Debt's share of the balance-sheet total rises from 65.3% to 68.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,406▲
2023 · -€8,280
Cash flow
-€2,146▲
2023 · -€8,529
Current ratio
9.86▲
2023 · 8.22
Debt to equity
2.22▲
2023 · 1.89
ROE
-21.7%▲
2023 · -39.2%
ROA
-6.8%▲
2023 · -13.6%
Interest coverage
-1.82▲
2023 · -33.29
Debt ≤ 1 year
€7,007▼
2023 · €8,903
Debt > 1 year
€50,000=
2023 · €50,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|
| Tangible fixed assets | €21,208 | - | - |
| Depreciation and write-downs of the year | €1,155 | €3,740 | €3,441 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,155 | €3,740 | €3,441 | ▼ 8.0% |
| Other operating charges640/8 | €152 | €457 | €118 | ▼ 74.2% |
| Gross operating margin9900 | -€4,192 | -€7,823 | -€1,288 | ▲ 83.5% |
| Operating profit (loss)9901 | -€5,500 | -€12,019 | -€4,848 | ▲ 59.7% |
| Financial income75/76B | - | - | €31 | - |
| Recurring financial income75 | - | - | €31 | - |
| Financial charges65/66B | €562 | €249 | €771 | ▲ 210% |
| Recurring financial charges65 | €562 | €249 | €771 | ▲ 210% |
| Profit (loss) for the period before taxes9903 | -€6,062 | -€12,268 | -€5,587 | ▲ 54.5% |
| Profit (loss) for the period9904 | -€6,062 | -€12,268 | -€5,587 | ▲ 54.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,062 | -€12,268 | -€5,587 | ▲ 54.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €55,756 | €90,253 | €82,697 | ▼ 8.4% |
| Fixed assets21/28 | €20,798 | €17,059 | €13,617 | ▼ 20.2% |
| Tangible fixed assets22/27 | €20,798 | €17,059 | €13,617 | ▼ 20.2% |
| Plant, machinery and equipment23 | €124 | - | - | - |
| Furniture and vehicles24 | €2,925 | €2,146 | €1,367 | ▼ 36.3% |
| Other tangible fixed assets26 | €17,749 | €14,912 | €12,250 | ▼ 17.9% |
| Current assets29/58 | €34,957 | €73,195 | €69,080 | ▼ 5.6% |
| Amounts receivable after more than one year29 | - | €56,000 | €56,000 | = |
| Trade receivables290 | - | €56,000 | €56,000 | = |
| Stocks and contracts in progress3 | €2,384 | - | - | - |
| Stocks30/36 | €2,384 | - | - | - |
| Amounts receivable within one year40/41 | €11,867 | €11,239 | €12,147 | ▲ 8.1% |
| Trade receivables40 | €11,821 | €11,193 | €12,147 | ▲ 8.5% |
| Other amounts receivable41 | €46 | €46 | - | - |
| Cash at bank and in hand54/58 | €17,443 | €5,906 | €924 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | €3,263 | €50 | €9 | ▼ 81.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €55,756 | €90,253 | €82,697 | ▼ 8.4% |
| Equity10/15 | €43,546 | €31,278 | €25,691 | ▼ 17.9% |
| Contributions10/11 | €71,500 | €71,500 | €71,500 | = |
| Reserves13 | €10,528 | €10,528 | €10,528 | = |
| Distributable reserves133 | €10,528 | €10,528 | €10,528 | = |
| Profit (loss) carried forward14 | -€38,482 | -€50,750 | -€56,337 | ▼ 11.0% |
| Amounts payable17/49 | €12,210 | €58,976 | €57,007 | ▼ 3.3% |
| Amounts payable after more than one year17 | - | €50,000 | €50,000 | = |
| Financial debts170/4 | - | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €12,210 | €8,903 | €7,007 | ▼ 21.3% |
| Trade debts44 | €5,811 | €2,151 | €3,131 | ▲ 45.6% |
| Suppliers440/4 | €5,811 | €2,151 | €3,131 | ▲ 45.6% |
| Other amounts payable47/48 | €6,399 | €6,752 | €3,875 | ▼ 42.6% |
| Accrued charges and deferred income492/3 | - | €73 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,062 | -€12,268 | -€5,587 | ▲ 54.5% |
| + Depreciation and write-downs630 | €1,155 | €3,740 | €3,441 | ▼ 8.0% |
| Operating cash flow (approximation) | -€4,906 | -€8,529 | -€2,146 | ▲ 74.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€11,538 | -€4,982 | ▲ 56.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.