88MLB: 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.
88MLB
Largest movements
- Receivables within one year +€55,996
up €55,996 (+3.0%), from €1.9m to €1.9m
of which Other amounts receivable: +€56,528
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€28,611
down €28,611 (-27.2%), from €105,125 to €76,514
- Financial income -€17,387
down €17,387 (-17.1%), from €101,915 to €84,528
- Other operating charges +€4,449
up €4,449 (+10.1%), from €43,887 to €48,336
- Gross operating margin +€3,621
up €3,621 (+7.2%), from €49,975 to €53,597
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 | €4,399,166 | €4,450,192 | +€51,026 | +1.2% |
| Current assets | 29/58 | €4,399,166 | €4,450,192 | +€51,026 | +1.2% |
| Stocks and contracts in progress | 3 | €2,511,780 | €2,511,780 | = | 0.0% |
| Stocks | 30/36 | €2,511,780 | €2,511,780 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,881,303 | €1,937,299 | +€55,996 | +3.0% |
| Trade receivables | 40 | €532 | €0 | -€532 | -100% |
| Other amounts receivable | 41 | €1,880,771 | €1,937,299 | +€56,528 | +3.0% |
| Cash at bank and in hand | 54/58 | €5,332 | €323 | -€5,009 | -93.9% |
| Deferred charges and accrued income | 490/1 | €752 | €790 | +€38 | +5.1% |
| Total equity and liabilities | 10/49 | €4,399,166 | €4,450,192 | +€51,026 | +1.2% |
| Equity | 10/15 | €2,454,532 | €2,467,806 | +€13,275 | +0.5% |
| Contributions | 10/11 | €2,509,388 | €2,509,388 | = | 0.0% |
| Reserves | 13 | €25,667 | €25,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,667 | €0 | -€25,667 | -100% |
| Reserves not available under the articles | 1311 | €25,667 | €0 | -€25,667 | -100% |
| Distributable reserves | 133 | - | €25,667 | +€25,667 | |
| Profit (loss) carried forward | 14 | -€80,523 | -€67,248 | +€13,275 | +16.5% |
| Amounts payable | 17/49 | €1,944,635 | €1,982,386 | +€37,751 | +1.9% |
| Amounts payable within one year | 42/48 | €1,943,094 | €1,975,000 | +€31,906 | +1.6% |
| Financial debts | 43 | €1,928,094 | €1,920,000 | -€8,094 | -0.4% |
| Credit institutions | 430/8 | €1,928,094 | €1,920,000 | -€8,094 | -0.4% |
| Trade debts | 44 | €0 | €40,000 | +€40,000 | |
| Suppliers | 440/4 | €0 | €40,000 | +€40,000 | |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,541 | €7,386 | +€5,845 | +379% |
| Other operating charges | 640/8 | €43,887 | €48,336 | +€4,449 | +10.1% |
| Gross operating margin | 9900 | €49,975 | €53,597 | +€3,621 | +7.2% |
| Operating profit (loss) | 9901 | €6,088 | €5,261 | -€828 | -13.6% |
| Financial income | 75/76B | €101,915 | €84,528 | -€17,387 | -17.1% |
| Recurring financial income | 75 | €101,915 | €84,528 | -€17,387 | -17.1% |
| Financial charges | 65/66B | €105,125 | €76,514 | -€28,611 | -27.2% |
| Recurring financial charges | 65 | €105,125 | €76,514 | -€28,611 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €2,878 | €13,275 | +€10,397 | +361% |
| Profit (loss) for the period | 9904 | €2,878 | €13,275 | +€10,397 | +361% |
| Profit (loss) for the period to be appropriated | 9905 | €2,878 | €13,275 | +€10,397 | +361% |
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 14 October 2026 via checked.be.