M&B CONCEPT: 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 CONCEPT
Largest movements
- Cash -€109,346
down €109,346 (-71.4%), from €153,208 to €43,862
mainly Receivables after one year (-€100,000) and Contributions, distributions and other (-€42,000)
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€13,191
down €13,191 (-74.9%), from €17,602 to €4,411
- Trade debts -€24,064
down €24,064 (-86.5%), from €27,819 to €3,755
- Other debts +€10,522
up €10,522 (+42.4%), from €24,800 to €35,322
- Profit (loss) carried forward -€5,753
down €5,753 (-89.9%), from €6,401 to €648
- Gross operating margin -€12,254
down €12,254 (-9.5%), from €128,867 to €116,613
- Taxes -€4,712
down €4,712 (-25.3%), from €18,648 to €13,936
- Financial income +€2,933
new in 2025: €2,933
- Depreciation -€2,832
down €2,832 (-52.5%), from €5,398 to €2,566
- Staff costs +€2,641
up €2,641 (+4.4%), from €60,038 to €62,678
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 | €192,519 | €171,876 | -€20,643 | -10.7% |
| Fixed assets | 21/28 | €16,953 | €16,812 | -€142 | -0.8% |
| Tangible fixed assets | 22/27 | €6,448 | €6,306 | -€142 | -2.2% |
| Plant, machinery and equipment | 23 | €5,104 | €4,031 | -€1,073 | -21.0% |
| Furniture and vehicles | 24 | €322 | €1,763 | +€1,441 | +447.5% |
| Other tangible fixed assets | 26 | €1,021 | €512 | -€510 | -49.9% |
| Financial fixed assets | 28 | €10,506 | €10,506 | = | 0.0% |
| Current assets | 29/58 | €175,565 | €155,064 | -€20,501 | -11.7% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €4,493 | €5,132 | +€639 | +14.2% |
| Stocks | 30/36 | €4,493 | €5,132 | +€639 | +14.2% |
| Amounts receivable within one year | 40/41 | €17,602 | €4,411 | -€13,191 | -74.9% |
| Trade receivables | 40 | €17,602 | €4,411 | -€13,191 | -74.9% |
| Cash at bank and in hand | 54/58 | €153,208 | €43,862 | -€109,346 | -71.4% |
| Deferred charges and accrued income | 490/1 | €263 | €1,659 | +€1,396 | +531.1% |
| Total equity and liabilities | 10/49 | €192,519 | €171,876 | -€20,643 | -10.7% |
| Equity | 10/15 | €86,861 | €81,108 | -€5,753 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 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% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,401 | €648 | -€5,753 | -89.9% |
| Amounts payable | 17/49 | €105,658 | €90,768 | -€14,890 | -14.1% |
| Amounts payable within one year | 42/48 | €105,658 | €90,768 | -€14,890 | -14.1% |
| Trade debts | 44 | €27,819 | €3,755 | -€24,064 | -86.5% |
| Suppliers | 440/4 | €27,819 | €3,755 | -€24,064 | -86.5% |
| Taxes, remuneration and social security | 45 | €53,039 | €51,691 | -€1,348 | -2.5% |
| Taxes | 450/3 | €44,016 | €39,748 | -€4,269 | -9.7% |
| Remuneration and social security | 454/9 | €9,022 | €11,943 | +€2,921 | +32.4% |
| Other amounts payable | 47/48 | €24,800 | €35,322 | +€10,522 | +42.4% |
| Remuneration, social security and pensions | 62 | €60,038 | €62,678 | +€2,641 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,398 | €2,566 | -€2,832 | -52.5% |
| Other operating charges | 640/8 | €2,784 | €1,780 | -€1,004 | -36.1% |
| Gross operating margin | 9900 | €128,867 | €116,613 | -€12,254 | -9.5% |
| Operating profit (loss) | 9901 | €60,647 | €49,588 | -€11,059 | -18.2% |
| Financial income | 75/76B | - | €2,933 | +€2,933 | |
| Recurring financial income | 75 | - | €2,933 | +€2,933 | |
| Financial charges | 65/66B | €2,067 | €2,338 | +€272 | +13.1% |
| Recurring financial charges | 65 | €2,067 | €2,338 | +€272 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €58,581 | €50,183 | -€8,398 | -14.3% |
| Income taxes | 67/77 | €18,648 | €13,936 | -€4,712 | -25.3% |
| Profit (loss) for the period | 9904 | €39,933 | €36,247 | -€3,685 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,933 | €36,247 | -€3,685 | -9.2% |
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 2 October 2026 via checked.be.