M.B.U. CONCEPT: 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.U. CONCEPT
Largest movements
- Receivables within one year +€72,303
up €72,303 (+90.7%), from €79,722 to €152,025
of which Other amounts receivable: +€70,278
- Deferred charges and accrued income -€2,818
no longer reported in 2024 (was €2,818)
- Trade debts +€68,396
up €68,396 (+578%), from €11,838 to €80,234
- Profit (loss) carried forward -€17,382
down €17,382 (-67.7%), from €25,666 to €8,284
- Short-term financial debts +€10,899
up €10,899 (+199%), from €5,470 to €16,369
- Tax, wage and social debts -€8,733
down €8,733 (-37.1%), from €23,554 to €14,820
of which Taxes: -€6,784
- Debts after one year +€8,485
up €8,485 (+166%), from €5,104 to €13,590
- Gross operating margin -€55,635
down €55,635 (-49.7%), from €111,908 to €56,273
- Taxes -€18,773
down €18,773 (-99.4%), from €18,895 to €122
- Staff costs +€8,220
up €8,220 (+15.4%), from €53,207 to €61,426
- Financial charges -€5,106
down €5,106 (-62.9%), from €8,115 to €3,009
- Depreciation +€1,345
up €1,345 (+22.9%), from €5,869 to €7,215
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,967 | €168,087 | +€70,120 | +71.6% |
| Fixed assets | 21/28 | €15,427 | €16,062 | +€635 | +4.1% |
| Tangible fixed assets | 22/27 | €15,085 | €15,720 | +€635 | +4.2% |
| Plant, machinery and equipment | 23 | €8,067 | €5,251 | -€2,816 | -34.9% |
| Furniture and vehicles | 24 | €7,018 | €10,469 | +€3,451 | +49.2% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €82,540 | €152,025 | +€69,485 | +84.2% |
| Amounts receivable within one year | 40/41 | €79,722 | €152,025 | +€72,303 | +90.7% |
| Trade receivables | 40 | €34,792 | €36,817 | +€2,025 | +5.8% |
| Other amounts receivable | 41 | €44,930 | €115,209 | +€70,278 | +156% |
| Deferred charges and accrued income | 490/1 | €2,818 | - | -€2,818 | |
| Total equity and liabilities | 10/49 | €97,967 | €168,087 | +€70,120 | +71.6% |
| Equity | 10/15 | €46,126 | €28,744 | -€17,382 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,666 | €8,284 | -€17,382 | -67.7% |
| Amounts payable | 17/49 | €51,841 | €139,343 | +€87,502 | +169% |
| Amounts payable after more than one year | 17 | €5,104 | €13,590 | +€8,485 | +166% |
| Financial debts | 170/4 | €5,104 | €13,590 | +€8,485 | +166% |
| Amounts payable within one year | 42/48 | €46,737 | €125,753 | +€79,016 | +169% |
| Current portion of amounts payable after more than one year | 42 | €5,874 | €11,445 | +€5,570 | +94.8% |
| Financial debts | 43 | €5,470 | €16,369 | +€10,899 | +199% |
| Credit institutions | 430/8 | €5,470 | €16,369 | +€10,899 | +199% |
| Trade debts | 44 | €11,838 | €80,234 | +€68,396 | +578% |
| Suppliers | 440/4 | €11,838 | €80,234 | +€68,396 | +578% |
| Taxes, remuneration and social security | 45 | €23,554 | €14,820 | -€8,733 | -37.1% |
| Taxes | 450/3 | €21,604 | €14,820 | -€6,784 | -31.4% |
| Remuneration and social security | 454/9 | €1,950 | - | -€1,950 | |
| Other amounts payable | 47/48 | - | €2,885 | +€2,885 | |
| Remuneration, social security and pensions | 62 | €53,207 | €61,426 | +€8,220 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,869 | €7,215 | +€1,345 | +22.9% |
| Other operating charges | 640/8 | €1,081 | €1,883 | +€802 | +74.1% |
| Gross operating margin | 9900 | €111,908 | €56,273 | -€55,635 | -49.7% |
| Operating profit (loss) | 9901 | €51,751 | -€14,251 | -€66,002 | |
| Financial income | 75/76B | €512 | - | -€512 | |
| Recurring financial income | 75 | €512 | - | -€512 | |
| Financial charges | 65/66B | €8,115 | €3,009 | -€5,106 | -62.9% |
| Recurring financial charges | 65 | €8,115 | €3,009 | -€5,106 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €44,148 | -€17,260 | -€61,407 | |
| Income taxes | 67/77 | €18,895 | €122 | -€18,773 | -99.4% |
| Profit (loss) for the period | 9904 | €25,253 | -€17,382 | -€42,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,253 | -€17,382 | -€42,634 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.