M.B.H.D.J.: what changed
M.B.H.D.J.
Largest movements
- Receivables within one year +€6,053
up €6,053 (+53.0%), from €11,415 to €17,469
of which Other amounts receivable: +€6,325
- Cash -€1,928
down €1,928 (-93.8%), from €2,056 to €127
mainly Receivables within one year (-€6,053) and Deferred charges and accrued income (-€794)
- Deferred charges and accrued income +€794
new in 2025: €794
- Tax, wage and social debts +€5,016
up €5,016 (+93.1%), from €5,386 to €10,402
- Trade debts -€609
down €609 (-10.0%), from €6,090 to €5,482
- Profit (loss) carried forward +€508
up €508, from -€5 to €503
- Gross operating margin +€1,657
up €1,657 (+275%), from €602 to €2,259
- Taxes +€884
up €884 (+655%), from €135 to €1,019
- Financial charges +€297
up €297 (+848%), from €35 to €332
- Other operating charges -€38
down €38 (-8.6%), from €437 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,471 | €18,390 | +€4,919 | +36.5% |
| Current assets | 29/58 | €13,471 | €18,390 | +€4,919 | +36.5% |
| Amounts receivable within one year | 40/41 | €11,415 | €17,469 | +€6,053 | +53.0% |
| Trade receivables | 40 | €272 | - | -€272 | |
| Other amounts receivable | 41 | €11,144 | €17,469 | +€6,325 | +56.8% |
| Cash at bank and in hand | 54/58 | €2,056 | €127 | -€1,928 | -93.8% |
| Deferred charges and accrued income | 490/1 | - | €794 | +€794 | |
| Total equity and liabilities | 10/49 | €13,471 | €18,390 | +€4,919 | +36.5% |
| Equity | 10/15 | €1,995 | €2,503 | +€508 | +25.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5 | €503 | +€508 | |
| Amounts payable | 17/49 | €11,476 | €15,887 | +€4,411 | +38.4% |
| Amounts payable within one year | 42/48 | €11,476 | €15,887 | +€4,411 | +38.4% |
| Trade debts | 44 | €6,090 | €5,482 | -€609 | -10.0% |
| Suppliers | 440/4 | €6,090 | €5,482 | -€609 | -10.0% |
| Taxes, remuneration and social security | 45 | €5,386 | €10,402 | +€5,016 | +93.1% |
| Taxes | 450/3 | €5,386 | €10,402 | +€5,016 | +93.1% |
| Other amounts payable | 47/48 | - | €3 | +€3 | |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €602 | €2,259 | +€1,657 | +275% |
| Operating profit (loss) | 9901 | €165 | €1,859 | +€1,694 | +1,027% |
| Financial charges | 65/66B | €35 | €332 | +€297 | +848% |
| Recurring financial charges | 65 | €35 | €332 | +€297 | +848% |
| Profit (loss) for the period before taxes | 9903 | €130 | €1,527 | +€1,397 | +1,075% |
| Income taxes | 67/77 | €135 | €1,019 | +€884 | +655% |
| Profit (loss) for the period | 9904 | -€5 | €508 | +€513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5 | €508 | +€513 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.