M.B.: 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.
M.B.
Largest movements
- Tangible fixed assets -€3,573
down €3,573 (-22.3%), from €15,993 to €12,420
- Cash -€2,685
down €2,685 (-23.2%), from €11,572 to €8,887
mainly Net result for the year (-€10,754) and Investment in fixed assets (net) (-€2,521)
- Receivables within one year -€1,534
down €1,534 (-85.2%), from €1,801 to €267
- Profit (loss) carried forward -€10,754
down €10,754, from €7,898 to -€2,856
- Other debts +€2,847
up €2,847 (+101.6%), from €2,802 to €5,649
- Depreciation +€4,108
up €4,108 (+206.8%), from €1,987 to €6,095
- Other operating charges +€2,673
up €2,673 (+2227.2%), from €120 to €2,793
- Gross operating margin -€641
down €641 (-60.5%), from -€1,059 to -€1,699
- Financial charges -€523
down €523 (-75.7%), from €691 to €168
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 | €29,367 | €21,575 | -€7,792 | -26.5% |
| Fixed assets | 21/28 | €15,993 | €12,420 | -€3,573 | -22.3% |
| Tangible fixed assets | 22/27 | €15,993 | €12,420 | -€3,573 | -22.3% |
| Furniture and vehicles | 24 | €15,993 | €12,420 | -€3,573 | -22.3% |
| Current assets | 29/58 | €13,373 | €9,154 | -€4,219 | -31.5% |
| Amounts receivable within one year | 40/41 | €1,801 | €267 | -€1,534 | -85.2% |
| Other amounts receivable | 41 | €1,801 | €267 | -€1,534 | -85.2% |
| Cash at bank and in hand | 54/58 | €11,572 | €8,887 | -€2,685 | -23.2% |
| Total equity and liabilities | 10/49 | €29,367 | €21,575 | -€7,792 | -26.5% |
| Equity | 10/15 | €26,490 | €15,736 | -€10,754 | -40.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,898 | -€2,856 | -€10,754 | |
| Amounts payable | 17/49 | €2,877 | €5,839 | +€2,962 | +103.0% |
| Amounts payable within one year | 42/48 | €2,877 | €5,839 | +€2,962 | +103.0% |
| Trade debts | 44 | €75 | €190 | +€114 | +152.1% |
| Suppliers | 440/4 | €75 | €190 | +€114 | +152.1% |
| Other amounts payable | 47/48 | €2,802 | €5,649 | +€2,847 | +101.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,987 | €6,095 | +€4,108 | +206.8% |
| Other operating charges | 640/8 | €120 | €2,793 | +€2,673 | +2227.2% |
| Gross operating margin | 9900 | -€1,059 | -€1,699 | -€641 | -60.5% |
| Operating profit (loss) | 9901 | -€3,165 | -€10,586 | -€7,421 | -234.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -91.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -91.5% |
| Financial charges | 65/66B | €691 | €168 | -€523 | -75.7% |
| Recurring financial charges | 65 | €691 | €168 | -€523 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,854 | -€10,754 | -€6,900 | -179.0% |
| Profit (loss) for the period | 9904 | -€3,854 | -€10,754 | -€6,900 | -179.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,854 | -€10,754 | -€6,900 | -179.0% |
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 1 October 2026 via checked.be.