M-B GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€23,096
down €23,096 (-77.7%), from €29,732 to €6,636
- Receivables within one year +€12,306
up €12,306 (+29.5%), from €41,785 to €54,091
- Cash +€1,099
up €1,099 (+176%), from €624 to €1,723
mainly Tax, wage and social debts (+€27,356) and Depreciation (+€17,672)
- Tax, wage and social debts +€27,356
up €27,356 (+218%), from €12,549 to €39,905
of which Taxes: +€21,745
- Reserves -€21,748
down €21,748 (-100%), from €21,748 to €0
- Debts after one year -€11,505
no longer reported in 2025 (was €11,505)
- Trade debts +€7,686
new in 2025: €7,686
- Profit (loss) carried forward -€6,184
new in 2025: -€6,184
- Staff costs +€51,219
new in 2025: €51,219
- Turnover +€31,820
up €31,820 (+14.1%), from €225,400 to €257,220
- Purchases and services +€17,414
up €17,414 (+9.1%), from €190,593 to €208,007
- Gross operating margin +€7,148
up €7,148 (+15.5%), from €46,219 to €53,367
- Other operating charges +€6,542
up €6,542 (+195%), from €3,350 to €9,892
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 | €72,141 | €62,450 | -€9,691 | -13.4% |
| Fixed assets | 21/28 | €29,732 | €6,636 | -€23,096 | -77.7% |
| Tangible fixed assets | 22/27 | €29,732 | €6,636 | -€23,096 | -77.7% |
| Furniture and vehicles | 24 | €29,732 | €6,636 | -€23,096 | -77.7% |
| Current assets | 29/58 | €42,409 | €55,814 | +€13,405 | +31.6% |
| Amounts receivable within one year | 40/41 | €41,785 | €54,091 | +€12,306 | +29.5% |
| Trade receivables | 40 | €41,785 | €54,091 | +€12,306 | +29.5% |
| Cash at bank and in hand | 54/58 | €624 | €1,723 | +€1,099 | +176% |
| Total equity and liabilities | 10/49 | €72,141 | €62,450 | -€9,691 | -13.4% |
| Equity | 10/15 | €36,748 | €8,816 | -€27,932 | -76.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €21,748 | €0 | -€21,748 | -100% |
| Distributable reserves | 133 | €21,748 | €0 | -€21,748 | -100% |
| Profit (loss) carried forward | 14 | - | -€6,184 | -€6,184 | |
| Amounts payable | 17/49 | €35,393 | €53,634 | +€18,241 | +51.5% |
| Amounts payable after more than one year | 17 | €11,505 | - | -€11,505 | |
| Financial debts | 170/4 | €11,505 | - | -€11,505 | |
| Amounts payable within one year | 42/48 | €17,718 | €49,902 | +€32,184 | +182% |
| Current portion of amounts payable after more than one year | 42 | - | €2,311 | +€2,311 | |
| Trade debts | 44 | - | €7,686 | +€7,686 | |
| Suppliers | 440/4 | - | €7,686 | +€7,686 | |
| Taxes, remuneration and social security | 45 | €12,549 | €39,905 | +€27,356 | +218% |
| Taxes | 450/3 | €12,549 | €34,294 | +€21,745 | +173% |
| Remuneration and social security | 454/9 | - | €5,611 | +€5,611 | |
| Other amounts payable | 47/48 | €5,169 | - | -€5,169 | |
| Accrued charges and deferred income | 492/3 | €6,170 | €3,732 | -€2,438 | -39.5% |
| Turnover | 70 | €225,400 | €257,220 | +€31,820 | +14.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €190,593 | €208,007 | +€17,414 | +9.1% |
| Remuneration, social security and pensions | 62 | - | €51,219 | +€51,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,971 | €17,672 | +€3,701 | +26.5% |
| Other operating charges | 640/8 | €3,350 | €9,892 | +€6,542 | +195% |
| Gross operating margin | 9900 | €46,219 | €53,367 | +€7,148 | +15.5% |
| Operating profit (loss) | 9901 | €28,898 | -€25,416 | -€54,314 | |
| Financial charges | 65/66B | €2,845 | €2,168 | -€677 | -23.8% |
| Recurring financial charges | 65 | €2,845 | €2,168 | -€677 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €26,053 | -€27,584 | -€53,637 | |
| Income taxes | 67/77 | €5,184 | €348 | -€4,836 | -93.3% |
| Profit (loss) for the period | 9904 | €20,869 | -€27,932 | -€48,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,869 | -€27,932 | -€48,801 |
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 16 October 2026 via checked.be.