KD MBV: what changed
Two fiscal 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.
KD MBV
Largest movements
- Cash +€167,725
up €167,725 (+85.6%), from €195,968 to €363,693
mainly Net result for the year (+€219,955) and Tax, wage and social debts (+€12,019)
- Reserves +€219,955
up €219,955 (+184.1%), from €119,500 to €339,454
- Trade debts -€62,343
down €62,343 (-95.0%), from €65,648 to €3,305
- Tax, wage and social debts +€12,019
up €12,019 (+192.1%), from €6,257 to €18,276
- Gross operating margin +€155,054
up €155,054 (+115.9%), from €133,755 to €288,809
- Taxes +€39,019
up €39,019 (+132.8%), from €29,382 to €68,401
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.
Cash bridge derived
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 | €197,609 | €367,240 | +€169,631 | +85.8% |
| Fixed assets | 21/28 | - | €1,741 | +€1,741 | |
| Tangible fixed assets | 22/27 | - | €1,741 | +€1,741 | |
| Plant, machinery and equipment | 23 | - | €1,741 | +€1,741 | |
| Current assets | 29/58 | €197,609 | €365,499 | +€167,890 | +85.0% |
| Cash at bank and in hand | 54/58 | €195,968 | €363,693 | +€167,725 | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,642 | €1,807 | +€165 | +10.0% |
| Total equity and liabilities | 10/49 | €197,609 | €367,240 | +€169,631 | +85.8% |
| Equity | 10/15 | €123,500 | €343,454 | +€219,955 | +178.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €119,500 | €339,454 | +€219,955 | +184.1% |
| Distributable reserves | 133 | €119,500 | €339,454 | +€219,955 | +184.1% |
| Amounts payable | 17/49 | €74,110 | €23,786 | -€50,324 | -67.9% |
| Amounts payable within one year | 42/48 | €71,905 | €21,581 | -€50,324 | -70.0% |
| Trade debts | 44 | €65,648 | €3,305 | -€62,343 | -95.0% |
| Suppliers | 440/4 | €65,648 | €3,305 | -€62,343 | -95.0% |
| Taxes, remuneration and social security | 45 | €6,257 | €18,276 | +€12,019 | +192.1% |
| Taxes | 450/3 | €6,257 | €18,276 | +€12,019 | +192.1% |
| Accrued charges and deferred income | 492/3 | €2,205 | €2,205 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €173 | +€173 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €133,755 | €288,809 | +€155,054 | +115.9% |
| Operating profit (loss) | 9901 | €133,637 | €288,516 | +€154,879 | +115.9% |
| Financial charges | 65/66B | €161 | €160 | -€1 | -0.6% |
| Recurring financial charges | 65 | €161 | €160 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €133,476 | €288,356 | +€154,880 | +116.0% |
| Income taxes | 67/77 | €29,382 | €68,401 | +€39,019 | +132.8% |
| Profit (loss) for the period | 9904 | €104,094 | €219,955 | +€115,861 | +111.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,094 | €219,955 | +€115,861 | +111.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.