LE MBOA: 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.
LE MBOA
Largest movements
- Tangible fixed assets +€14,062
up €14,062 (+256.1%), from €5,490 to €19,552
- Receivables within one year +€2,677
up €2,677 (+12.0%), from €22,229 to €24,906
- Financial fixed assets +€2,500
new in 2025: €2,500
- Stocks and contracts +€1,580
up €1,580 (+450.6%), from €351 to €1,931
- Cash +€1,231
up €1,231 (+43.9%), from €2,802 to €4,033
mainly Other debts (+€14,007) and Tax, wage and social debts (+€13,568)
- Other debts +€14,007
up €14,007 (+75.6%), from €18,525 to €32,532
- Tax, wage and social debts +€13,568
up €13,568 (+135.9%), from €9,982 to €23,550
of which Taxes: +€10,076
- Trade debts -€5,479
no longer reported in 2025 (was €5,479)
- Profit (loss) carried forward -€1,568
down €1,568 (-14.2%), from -€11,032 to -€12,600
- Short-term financial debts +€1,521
new in 2025: €1,521
- Staff costs -€32,494
down €32,494 (-97.4%), from €33,352 to €857
- Gross operating margin -€31,914
down €31,914 (-81.4%), from €39,225 to €7,310
- Depreciation -€2,104
down €2,104 (-35.4%), from €5,942 to €3,837
- Financial charges -€729
down €729 (-55.0%), from €1,327 to €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.
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 | €31,014 | €53,063 | +€22,050 | +71.1% |
| Fixed assets | 21/28 | €5,490 | €22,052 | +€16,562 | +301.7% |
| Tangible fixed assets | 22/27 | €5,490 | €19,552 | +€14,062 | +256.1% |
| Furniture and vehicles | 24 | €5,490 | €19,552 | +€14,062 | +256.1% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €25,524 | €31,011 | +€5,488 | +21.5% |
| Stocks and contracts in progress | 3 | €351 | €1,931 | +€1,580 | +450.6% |
| Stocks | 30/36 | €351 | €1,931 | +€1,580 | +450.6% |
| Amounts receivable within one year | 40/41 | €22,229 | €24,906 | +€2,677 | +12.0% |
| Other amounts receivable | 41 | €22,229 | €24,906 | +€2,677 | +12.0% |
| Cash at bank and in hand | 54/58 | €2,802 | €4,033 | +€1,231 | +43.9% |
| Deferred charges and accrued income | 490/1 | €142 | €142 | = | 0.0% |
| Total equity and liabilities | 10/49 | €31,014 | €53,063 | +€22,050 | +71.1% |
| Equity | 10/15 | -€2,972 | -€4,540 | -€1,568 | -52.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,032 | -€12,600 | -€1,568 | -14.2% |
| Amounts payable | 17/49 | €33,985 | €57,603 | +€23,618 | +69.5% |
| Amounts payable within one year | 42/48 | €33,985 | €57,603 | +€23,618 | +69.5% |
| Financial debts | 43 | - | €1,521 | +€1,521 | |
| Credit institutions | 430/8 | - | €1,521 | +€1,521 | |
| Trade debts | 44 | €5,479 | - | -€5,479 | |
| Suppliers | 440/4 | €5,479 | - | -€5,479 | |
| Taxes, remuneration and social security | 45 | €9,982 | €23,550 | +€13,568 | +135.9% |
| Taxes | 450/3 | €4,418 | €14,494 | +€10,076 | +228.1% |
| Remuneration and social security | 454/9 | €5,564 | €9,056 | +€3,492 | +62.8% |
| Other amounts payable | 47/48 | €18,525 | €32,532 | +€14,007 | +75.6% |
| Remuneration, social security and pensions | 62 | €33,352 | €857 | -€32,494 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,942 | €3,837 | -€2,104 | -35.4% |
| Other operating charges | 640/8 | €1,863 | €1,603 | -€260 | -13.9% |
| Non-recurring operating charges | 66A | - | €1,788 | +€1,788 | |
| Gross operating margin | 9900 | €39,225 | €7,310 | -€31,914 | -81.4% |
| Operating profit (loss) | 9901 | -€1,931 | -€775 | +€1,156 | +59.9% |
| Financial charges | 65/66B | €1,327 | €597 | -€729 | -55.0% |
| Recurring financial charges | 65 | €1,327 | €597 | -€729 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,258 | -€1,373 | +€1,885 | +57.9% |
| Income taxes | 67/77 | €144 | €195 | +€51 | +35.5% |
| Profit (loss) for the period | 9904 | -€3,402 | -€1,568 | +€1,834 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,402 | -€1,568 | +€1,834 | +53.9% |
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 8 October 2026 via checked.be.