M & B SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets -€21,457
down €21,457 (-8.5%), from €252,744 to €231,287
of which Land and buildings: -€15,111
- Stocks and contracts -€10,750
down €10,750 (-31.4%), from €34,250 to €23,500
- Receivables within one year +€8,894
up €8,894 (+2654.9%), from €335 to €9,229
- Debts after one year -€23,294
down €23,294 (-16.0%), from €145,853 to €122,559
of which Financial debts: -€23,294
- Profit (loss) carried forward +€7,818
up €7,818 (+51.7%), from €15,114 to €22,932
- Short-term financial debts -€6,764
no longer reported in 2025 (was €6,764)
- Other debts -€6,067
down €6,067 (-7.7%), from €79,105 to €73,038
- Gross operating margin +€6,790
up €6,790 (+18.9%), from €36,020 to €42,810
- Financial charges -€3,901
down €3,901 (-34.6%), from €11,267 to €7,367
- Taxes +€2,211
up €2,211 (+194.7%), from €1,135 to €3,346
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 | €290,494 | €265,130 | -€25,364 | -8.7% |
| Fixed assets | 21/28 | €252,744 | €231,287 | -€21,457 | -8.5% |
| Tangible fixed assets | 22/27 | €252,744 | €231,287 | -€21,457 | -8.5% |
| Land and buildings | 22 | €234,037 | €218,925 | -€15,111 | -6.5% |
| Plant, machinery and equipment | 23 | €2,825 | €1,412 | -€1,412 | -50.0% |
| Furniture and vehicles | 24 | €15,883 | €10,949 | -€4,934 | -31.1% |
| Current assets | 29/58 | €37,750 | €33,843 | -€3,907 | -10.3% |
| Stocks and contracts in progress | 3 | €34,250 | €23,500 | -€10,750 | -31.4% |
| Stocks | 30/36 | €34,250 | €23,500 | -€10,750 | -31.4% |
| Amounts receivable within one year | 40/41 | €335 | €9,229 | +€8,894 | +2654.9% |
| Trade receivables | 40 | €335 | €9,229 | +€8,894 | +2654.9% |
| Cash at bank and in hand | 54/58 | €3,165 | €1,114 | -€2,051 | -64.8% |
| Total equity and liabilities | 10/49 | €290,494 | €265,130 | -€25,364 | -8.7% |
| Equity | 10/15 | €28,614 | €36,432 | +€7,818 | +27.3% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Contributions outside capital | 11 | €13,500 | €13,500 | = | 0.0% |
| Other | 1109/19 | €13,500 | €13,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,114 | €22,932 | +€7,818 | +51.7% |
| Amounts payable | 17/49 | €261,879 | €228,698 | -€33,182 | -12.7% |
| Amounts payable after more than one year | 17 | €145,853 | €122,559 | -€23,294 | -16.0% |
| Financial debts | 170/4 | €125,353 | €102,059 | -€23,294 | -18.6% |
| Other amounts payable | 178/9 | €20,500 | €20,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,792 | €104,344 | -€10,448 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €22,768 | €23,294 | +€526 | +2.3% |
| Financial debts | 43 | €6,764 | - | -€6,764 | |
| Credit institutions | 430/8 | €6,764 | - | -€6,764 | |
| Trade debts | 44 | €785 | €1,439 | +€655 | +83.5% |
| Suppliers | 440/4 | €785 | €1,439 | +€655 | +83.5% |
| Taxes, remuneration and social security | 45 | €5,370 | €6,573 | +€1,202 | +22.4% |
| Taxes | 450/3 | €4,145 | €5,348 | +€1,202 | +29.0% |
| Remuneration and social security | 454/9 | €1,225 | €1,225 | = | 0.0% |
| Other amounts payable | 47/48 | €79,105 | €73,038 | -€6,067 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,235 | €1,795 | +€560 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,582 | €21,457 | -€125 | -0.6% |
| Other operating charges | 640/8 | €2,832 | €2,822 | -€10 | -0.3% |
| Gross operating margin | 9900 | €36,020 | €42,810 | +€6,790 | +18.9% |
| Operating profit (loss) | 9901 | €11,606 | €18,530 | +€6,925 | +59.7% |
| Financial charges | 65/66B | €11,267 | €7,367 | -€3,901 | -34.6% |
| Recurring financial charges | 65 | €11,267 | €7,367 | -€3,901 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €338 | €11,164 | +€10,825 | +3199.4% |
| Income taxes | 67/77 | €1,135 | €3,346 | +€2,211 | +194.7% |
| Profit (loss) for the period | 9904 | -€797 | €7,818 | +€8,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€797 | €7,818 | +€8,615 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.