GROUPE MBC: 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.
GROUPE MBC
Largest movements
- Tangible fixed assets +€36,015
up €36,015 (+20.6%), from €175,157 to €211,172
of which Furniture and vehicles: +€38,781
- Cash +€35,815
up €35,815 (+52.1%), from €68,723 to €104,538
mainly Receivables within one year (+€32,247) and Depreciation (+€23,850)
- Receivables within one year -€32,247
down €32,247 (-28.2%), from €114,228 to €81,981
of which Other amounts receivable: -€24,348
- Deferred charges and accrued income -€9,623
down €9,623 (-30.6%), from €31,472 to €21,849
- Debts after one year +€16,257
up €16,257 (+16.6%), from €98,217 to €114,474
- Current portion of long-term debt +€10,254
up €10,254 (+49.9%), from €20,566 to €30,820
- Trade debts +€9,322
up €9,322 (+216%), from €4,321 to €13,642
- Tax, wage and social debts -€9,098
down €9,098 (-40.1%), from €22,714 to €13,617
of which Taxes: -€12,205
- Gross operating margin -€30,840
down €30,840 (-28.0%), from €110,080 to €79,240
- Taxes -€10,849
down €10,849 (-72.6%), from €14,942 to €4,092
- Staff costs +€4,498
up €4,498 (+11.8%), from €38,143 to €42,641
- Financial charges -€1,460
down €1,460 (-21.8%), from €6,697 to €5,237
- Financial income -€1,361
down €1,361 (-33.3%), from €4,086 to €2,724
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 | €390,156 | €420,116 | +€29,960 | +7.7% |
| Fixed assets | 21/28 | €175,732 | €211,747 | +€36,015 | +20.5% |
| Tangible fixed assets | 22/27 | €175,157 | €211,172 | +€36,015 | +20.6% |
| Land and buildings | 22 | €106,136 | €103,283 | -€2,853 | -2.7% |
| Plant, machinery and equipment | 23 | €4,196 | €4,283 | +€86 | +2.1% |
| Furniture and vehicles | 24 | €64,824 | €103,606 | +€38,781 | +59.8% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €214,424 | €208,369 | -€6,055 | -2.8% |
| Amounts receivable within one year | 40/41 | €114,228 | €81,981 | -€32,247 | -28.2% |
| Trade receivables | 40 | €31,503 | €23,604 | -€7,899 | -25.1% |
| Other amounts receivable | 41 | €82,725 | €58,378 | -€24,348 | -29.4% |
| Cash at bank and in hand | 54/58 | €68,723 | €104,538 | +€35,815 | +52.1% |
| Deferred charges and accrued income | 490/1 | €31,472 | €21,849 | -€9,623 | -30.6% |
| Total equity and liabilities | 10/49 | €390,156 | €420,116 | +€29,960 | +7.7% |
| Equity | 10/15 | €244,339 | €247,563 | +€3,224 | +1.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €237,339 | €240,563 | +€3,224 | +1.4% |
| Distributable reserves | 133 | €237,339 | €240,563 | +€3,224 | +1.4% |
| Amounts payable | 17/49 | €145,817 | €172,553 | +€26,735 | +18.3% |
| Amounts payable after more than one year | 17 | €98,217 | €114,474 | +€16,257 | +16.6% |
| Financial debts | 170/4 | €98,217 | €114,474 | +€16,257 | +16.6% |
| Amounts payable within one year | 42/48 | €47,601 | €58,079 | +€10,478 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €20,566 | €30,820 | +€10,254 | +49.9% |
| Trade debts | 44 | €4,321 | €13,642 | +€9,322 | +216% |
| Suppliers | 440/4 | €4,321 | €13,642 | +€9,322 | +216% |
| Taxes, remuneration and social security | 45 | €22,714 | €13,617 | -€9,098 | -40.1% |
| Taxes | 450/3 | €15,471 | €3,266 | -€12,205 | -78.9% |
| Remuneration and social security | 454/9 | €7,243 | €10,351 | +€3,108 | +42.9% |
| Remuneration, social security and pensions | 62 | €38,143 | €42,641 | +€4,498 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,704 | €23,850 | -€854 | -3.5% |
| Other operating charges | 640/8 | €3,026 | €2,920 | -€106 | -3.5% |
| Gross operating margin | 9900 | €110,080 | €79,240 | -€30,840 | -28.0% |
| Operating profit (loss) | 9901 | €44,208 | €9,829 | -€34,378 | -77.8% |
| Financial income | 75/76B | €4,086 | €2,724 | -€1,361 | -33.3% |
| Recurring financial income | 75 | €4,086 | €2,724 | -€1,361 | -33.3% |
| Financial charges | 65/66B | €6,697 | €5,237 | -€1,460 | -21.8% |
| Recurring financial charges | 65 | €6,697 | €5,237 | -€1,460 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €41,596 | €7,317 | -€34,279 | -82.4% |
| Income taxes | 67/77 | €14,942 | €4,092 | -€10,849 | -72.6% |
| Profit (loss) for the period | 9904 | €26,655 | €3,224 | -€23,430 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,655 | €3,224 | -€23,430 | -87.9% |
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 28 October 2026 via checked.be.