M.B.E.A.: 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.E.A.
Largest movements
- Receivables within one year +€14,606
up €14,606 (+86.0%), from €16,980 to €31,586
of which Trade receivables: +€11,775
- Tangible fixed assets -€868
down €868 (-4.1%), from €21,313 to €20,445
of which Plant, machinery and equipment: -€3,143
- Other debts +€18,662
up €18,662 (+8.4%), from €223,012 to €241,674
- Profit (loss) carried forward -€7,935
down €7,935 (-3.7%), from -€212,188 to -€220,123
- Trade debts +€2,727
new in 2024: €2,727
- Purchases and services +€1,063
up €1,063 (+9.0%), from €11,865 to €12,928
- Gross operating margin -€1,003
down €1,003 (-69.2%), from €1,450 to €447
- Depreciation +€963
up €963 (+15.6%), from €6,180 to €7,143
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,571 | €54,025 | +€13,454 | +33.2% |
| Formation expenses | 20 | €1,278 | €1,014 | -€264 | -20.7% |
| Fixed assets | 21/28 | €21,313 | €20,445 | -€868 | -4.1% |
| Tangible fixed assets | 22/27 | €21,313 | €20,445 | -€868 | -4.1% |
| Land and buildings | 22 | €347 | €313 | -€34 | -9.8% |
| Plant, machinery and equipment | 23 | €20,966 | €17,823 | -€3,143 | -15.0% |
| Furniture and vehicles | 24 | - | €2,309 | +€2,309 | |
| Current assets | 29/58 | €17,980 | €32,566 | +€14,586 | +81.1% |
| Amounts receivable within one year | 40/41 | €16,980 | €31,586 | +€14,606 | +86.0% |
| Trade receivables | 40 | €4,636 | €16,411 | +€11,775 | +254.0% |
| Other amounts receivable | 41 | €12,344 | €15,175 | +€2,831 | +22.9% |
| Cash at bank and in hand | 54/58 | €151 | €120 | -€31 | -20.5% |
| Deferred charges and accrued income | 490/1 | €849 | €860 | +€11 | +1.3% |
| Total equity and liabilities | 10/49 | €40,571 | €54,025 | +€13,454 | +33.2% |
| Equity | 10/15 | -€182,441 | -€190,376 | -€7,935 | -4.3% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,188 | -€220,123 | -€7,935 | -3.7% |
| Amounts payable | 17/49 | €223,012 | €244,401 | +€21,389 | +9.6% |
| Amounts payable within one year | 42/48 | €223,012 | €244,401 | +€21,389 | +9.6% |
| Trade debts | 44 | - | €2,727 | +€2,727 | |
| Suppliers | 440/4 | - | €2,727 | +€2,727 | |
| Other amounts payable | 47/48 | €223,012 | €241,674 | +€18,662 | +8.4% |
| Turnover | 70 | €13,315 | €13,375 | +€60 | +0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,865 | €12,928 | +€1,063 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,180 | €7,143 | +€963 | +15.6% |
| Other operating charges | 640/8 | €1,189 | €1,208 | +€19 | +1.6% |
| Gross operating margin | 9900 | €1,450 | €447 | -€1,003 | -69.2% |
| Operating profit (loss) | 9901 | -€5,919 | -€7,904 | -€1,985 | -33.5% |
| Financial charges | 65/66B | €53 | €31 | -€22 | -41.5% |
| Recurring financial charges | 65 | €53 | €31 | -€22 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,972 | -€7,935 | -€1,963 | -32.9% |
| Profit (loss) for the period | 9904 | -€5,972 | -€7,935 | -€1,963 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,972 | -€7,935 | -€1,963 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.