M&B Capital: 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 Capital
Largest movements
- Cash +€26,435
up €26,435 (+214%), from €12,327 to €38,762
mainly Net result for the year (+€53,767) and Other debts (+€21,634)
- Receivables within one year -€1,827
down €1,827 (-12.4%), from €14,733 to €12,906
of which Other amounts receivable: -€1,827
- Deferred charges and accrued income -€747
down €747 (-27.5%), from €2,714 to €1,967
- Other debts +€21,634
up €21,634 (+98.3%), from €22,001 to €43,635
- Profit (loss) carried forward +€3,767
up €3,767 (+1,350%), from €279 to €4,046
- Trade debts -€1,540
down €1,540 (-30.2%), from €5,094 to €3,554
- Gross operating margin +€41,178
up €41,178 (+147%), from €28,092 to €69,270
- Taxes +€8,392
up €8,392 (+127%), from €6,601 to €14,993
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 | €29,775 | €53,635 | +€23,861 | +80.1% |
| Current assets | 29/58 | €29,775 | €53,635 | +€23,861 | +80.1% |
| Amounts receivable within one year | 40/41 | €14,733 | €12,906 | -€1,827 | -12.4% |
| Trade receivables | 40 | €10,500 | €10,500 | = | 0.0% |
| Other amounts receivable | 41 | €4,233 | €2,406 | -€1,827 | -43.2% |
| Cash at bank and in hand | 54/58 | €12,327 | €38,762 | +€26,435 | +214% |
| Deferred charges and accrued income | 490/1 | €2,714 | €1,967 | -€747 | -27.5% |
| Total equity and liabilities | 10/49 | €29,775 | €53,635 | +€23,861 | +80.1% |
| Equity | 10/15 | €2,679 | €6,446 | +€3,767 | +141% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279 | €4,046 | +€3,767 | +1,350% |
| Amounts payable | 17/49 | €27,095 | €47,190 | +€20,094 | +74.2% |
| Amounts payable within one year | 42/48 | €27,095 | €47,190 | +€20,094 | +74.2% |
| Trade debts | 44 | €5,094 | €3,554 | -€1,540 | -30.2% |
| Suppliers | 440/4 | €5,094 | €3,554 | -€1,540 | -30.2% |
| Other amounts payable | 47/48 | €22,001 | €43,635 | +€21,634 | +98.3% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €28,092 | €69,270 | +€41,178 | +147% |
| Operating profit (loss) | 9901 | €27,641 | €68,805 | +€41,164 | +149% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €27,597 | €68,760 | +€41,162 | +149% |
| Income taxes | 67/77 | €6,601 | €14,993 | +€8,392 | +127% |
| Profit (loss) for the period | 9904 | €20,997 | €53,767 | +€32,770 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €20,997 | €53,767 | +€32,770 | +156% |
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.