M.B.C.M.: 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.
M.B.C.M.
Largest movements
- Receivables within one year -€47,251
down €47,251 (-29.2%), from €161,759 to €114,508
of which Other amounts receivable: -€35,151
- Tax, wage and social debts -€29,363
down €29,363 (-80.0%), from €36,690 to €7,327
- Trade debts -€20,980
down €20,980 (-87.3%), from €24,042 to €3,061
- Reserves +€3,293
up €3,293 (+2.3%), from €141,357 to €144,650
of which Distributable reserves: +€3,293
- Gross operating margin -€14,734
down €14,734 (-81.9%), from €17,988 to €3,253
- Financial charges -€5,811
down €5,811 (-60.1%), from €9,661 to €3,850
- Taxes -€3,092
down €3,092 (-59.4%), from €5,210 to €2,117
- Financial income -€1,440
down €1,440 (-16.8%), from €8,566 to €7,126
- Other operating charges +€363
up €363 (+77.2%), from €470 to €833
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 | €214,488 | €167,438 | -€47,050 | -21.9% |
| Fixed assets | 21/28 | €743 | €456 | -€286 | -38.5% |
| Tangible fixed assets | 22/27 | €743 | €456 | -€286 | -38.5% |
| Furniture and vehicles | 24 | €743 | €456 | -€286 | -38.5% |
| Current assets | 29/58 | €213,746 | €166,982 | -€46,764 | -21.9% |
| Amounts receivable within one year | 40/41 | €161,759 | €114,508 | -€47,251 | -29.2% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €149,659 | €114,508 | -€35,151 | -23.5% |
| Current investments | 50/53 | €49,500 | €49,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €901 | €2,879 | +€1,978 | +220% |
| Deferred charges and accrued income | 490/1 | €1,586 | €95 | -€1,492 | -94.0% |
| Total equity and liabilities | 10/49 | €214,488 | €167,438 | -€47,050 | -21.9% |
| Equity | 10/15 | €153,757 | €157,050 | +€3,293 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €141,357 | €144,650 | +€3,293 | +2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,497 | €142,790 | +€3,293 | +2.4% |
| Amounts payable | 17/49 | €60,731 | €10,388 | -€50,343 | -82.9% |
| Amounts payable within one year | 42/48 | €60,731 | €10,388 | -€50,343 | -82.9% |
| Trade debts | 44 | €24,042 | €3,061 | -€20,980 | -87.3% |
| Suppliers | 440/4 | €24,042 | €3,061 | -€20,980 | -87.3% |
| Taxes, remuneration and social security | 45 | €36,690 | €7,327 | -€29,363 | -80.0% |
| Taxes | 450/3 | €36,690 | €7,327 | -€29,363 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €286 | -€53 | -15.6% |
| Other operating charges | 640/8 | €470 | €833 | +€363 | +77.2% |
| Gross operating margin | 9900 | €17,988 | €3,253 | -€14,734 | -81.9% |
| Operating profit (loss) | 9901 | €17,179 | €2,134 | -€15,044 | -87.6% |
| Financial income | 75/76B | €8,566 | €7,126 | -€1,440 | -16.8% |
| Recurring financial income | 75 | €8,566 | €7,126 | -€1,440 | -16.8% |
| Financial charges | 65/66B | €9,661 | €3,850 | -€5,811 | -60.1% |
| Recurring financial charges | 65 | €9,661 | €3,850 | -€5,811 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €16,084 | €5,410 | -€10,674 | -66.4% |
| Income taxes | 67/77 | €5,210 | €2,117 | -€3,092 | -59.4% |
| Profit (loss) for the period | 9904 | €10,875 | €3,293 | -€7,582 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,875 | €3,293 | -€7,582 | -69.7% |
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 19 October 2026 via checked.be.