M.B.M.: 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.M.
Largest movements
- Cash +€5,090
up €5,090 (+62.9%), from €8,096 to €13,186
mainly Depreciation (+€5,060) and Net result for the year (+€30)
- Tangible fixed assets -€5,060
down €5,060 (-33.3%), from €15,180 to €10,120
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€2,177
down €2,177 (-12.6%), from €17,267 to €15,090
- Staff costs -€2,000
down €2,000 (-16.7%), from €12,000 to €10,000
- Turnover -€1,378
down €1,378 (-5.2%), from €26,603 to €25,225
- Purchases and services +€799
up €799 (+8.6%), from €9,336 to €10,135
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 | €23,276 | €23,306 | +€30 | +0.1% |
| Fixed assets | 21/28 | €15,180 | €10,120 | -€5,060 | -33.3% |
| Tangible fixed assets | 22/27 | €15,180 | €10,120 | -€5,060 | -33.3% |
| Furniture and vehicles | 24 | €15,180 | €10,120 | -€5,060 | -33.3% |
| Current assets | 29/58 | €8,096 | €13,186 | +€5,090 | +62.9% |
| Cash at bank and in hand | 54/58 | €8,096 | €13,186 | +€5,090 | +62.9% |
| Total equity and liabilities | 10/49 | €23,276 | €23,306 | +€30 | +0.1% |
| Equity | 10/15 | €23,276 | €23,306 | +€30 | +0.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €217 | €217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €217 | €217 | = | 0.0% |
| Legal reserve | 130 | €217 | €217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,862 | €16,892 | +€30 | +0.2% |
| Turnover | 70 | €26,603 | €25,225 | -€1,378 | -5.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,336 | €10,135 | +€799 | +8.6% |
| Remuneration, social security and pensions | 62 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,060 | €5,060 | = | 0.0% |
| Gross operating margin | 9900 | €17,267 | €15,090 | -€2,177 | -12.6% |
| Operating profit (loss) | 9901 | €207 | €30 | -€177 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €207 | €30 | -€177 | -85.5% |
| Profit (loss) for the period | 9904 | €207 | €30 | -€177 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €207 | €30 | -€177 | -85.5% |
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 7 October 2026 via checked.be.