M.B. PARTNERS: 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. PARTNERS
Largest movements
- Current investments -€86,580
down €86,580 (-35.4%), from €244,921 to €158,341
- Cash +€25,490
up €25,490 (+115%), from €22,172 to €47,662
mainly Current investments (+€86,580) and Net result for the year (+€32,598)
- Tangible fixed assets -€10,197
down €10,197 (-5.3%), from €193,246 to €183,050
of which Land and buildings: -€8,680
- Debts after one year -€49,587
no longer reported in 2025 (was €49,587)
- Other debts -€21,949
down €21,949 (-48.4%), from €45,386 to €23,437
- Reserves +€11,500
up €11,500 (+3.5%), from €332,159 to €343,659
- Current portion of long-term debt -€9,990
down €9,990 (-70.8%), from €14,119 to €4,129
- Gross operating margin +€2,063
up €2,063 (+3.5%), from €59,449 to €61,512
- Taxes +€635
up €635 (+4.8%), from €13,284 to €13,919
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 | €477,593 | €409,734 | -€67,859 | -14.2% |
| Fixed assets | 21/28 | €193,246 | €183,050 | -€10,197 | -5.3% |
| Tangible fixed assets | 22/27 | €193,246 | €183,050 | -€10,197 | -5.3% |
| Land and buildings | 22 | €187,785 | €179,105 | -€8,680 | -4.6% |
| Plant, machinery and equipment | 23 | €5,461 | €3,945 | -€1,517 | -27.8% |
| Current assets | 29/58 | €284,346 | €226,684 | -€57,662 | -20.3% |
| Amounts receivable within one year | 40/41 | €14,508 | €18,465 | +€3,957 | +27.3% |
| Trade receivables | 40 | €14,508 | €18,465 | +€3,957 | +27.3% |
| Current investments | 50/53 | €244,921 | €158,341 | -€86,580 | -35.4% |
| Cash at bank and in hand | 54/58 | €22,172 | €47,662 | +€25,490 | +115% |
| Deferred charges and accrued income | 490/1 | €2,746 | €2,217 | -€529 | -19.3% |
| Total equity and liabilities | 10/49 | €477,593 | €409,734 | -€67,859 | -14.2% |
| Equity | 10/15 | €342,629 | €354,227 | +€11,598 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €332,159 | €343,659 | +€11,500 | +3.5% |
| Distributable reserves | 133 | €332,159 | €343,659 | +€11,500 | +3.5% |
| Profit (loss) carried forward | 14 | €4,270 | €4,368 | +€98 | +2.3% |
| Amounts payable | 17/49 | €134,964 | €55,507 | -€79,457 | -58.9% |
| Amounts payable after more than one year | 17 | €49,587 | - | -€49,587 | |
| Financial debts | 170/4 | €49,587 | - | -€49,587 | |
| Amounts payable within one year | 42/48 | €85,377 | €55,507 | -€29,871 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €14,119 | €4,129 | -€9,990 | -70.8% |
| Trade debts | 44 | €153 | €257 | +€103 | +67.2% |
| Suppliers | 440/4 | €153 | €257 | +€103 | +67.2% |
| Taxes, remuneration and social security | 45 | €25,719 | €27,684 | +€1,965 | +7.6% |
| Taxes | 450/3 | €16,719 | €18,684 | +€1,965 | +11.8% |
| Remuneration and social security | 454/9 | €9,000 | €9,000 | = | 0.0% |
| Other amounts payable | 47/48 | €45,386 | €23,437 | -€21,949 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,628 | €12,847 | +€219 | +1.7% |
| Other operating charges | 640/8 | €1,632 | €1,696 | +€64 | +3.9% |
| Non-recurring operating charges | 66A | €254 | €396 | +€142 | +55.8% |
| Gross operating margin | 9900 | €59,449 | €61,512 | +€2,063 | +3.5% |
| Operating profit (loss) | 9901 | €44,935 | €46,573 | +€1,638 | +3.6% |
| Financial income | 75/76B | €1,085 | €1,383 | +€299 | +27.5% |
| Recurring financial income | 75 | €1,085 | €1,383 | +€299 | +27.5% |
| Financial charges | 65/66B | €1,341 | €1,440 | +€99 | +7.4% |
| Recurring financial charges | 65 | €1,341 | €1,440 | +€99 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €44,679 | €46,517 | +€1,838 | +4.1% |
| Income taxes | 67/77 | €13,284 | €13,919 | +€635 | +4.8% |
| Profit (loss) for the period | 9904 | €31,395 | €32,598 | +€1,203 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,395 | €32,598 | +€1,203 | +3.8% |
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 25 October 2026 via checked.be.