M.N.B.: 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.N.B.
Largest movements
- Cash +€8,112
up €8,112 (+30.4%), from €26,712 to €34,824
mainly Receivables within one year (+€8,054) and Other debts (+€1,045)
- Receivables within one year -€8,054
down €8,054 (-52.2%), from €15,438 to €7,384
of which Other amounts receivable: -€10,683
- Deferred charges and accrued income +€556
new in 2025: €556
- Tax, wage and social debts -€1,613
down €1,613 (-14.2%), from €11,393 to €9,779
of which Taxes: -€7,613
- Other debts +€1,045
new in 2025: €1,045
- Trade debts +€683
up €683 (+441.5%), from €155 to €837
- Gross operating margin -€475
down €475 (-56.1%), from €847 to €372
- Financial charges -€71
down €71 (-56.8%), from €125 to €54
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 | €45,576 | €46,008 | +€432 | +0.9% |
| Fixed assets | 21/28 | €183 | - | -€183 | |
| Financial fixed assets | 28 | €183 | - | -€183 | |
| Current assets | 29/58 | €45,393 | €46,008 | +€615 | +1.4% |
| Stocks and contracts in progress | 3 | €3,244 | €3,244 | = | 0.0% |
| Stocks | 30/36 | €3,244 | €3,244 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,438 | €7,384 | -€8,054 | -52.2% |
| Trade receivables | 40 | €1,527 | €4,156 | +€2,629 | +172.1% |
| Other amounts receivable | 41 | €13,910 | €3,228 | -€10,683 | -76.8% |
| Cash at bank and in hand | 54/58 | €26,712 | €34,824 | +€8,112 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €556 | +€556 | |
| Total equity and liabilities | 10/49 | €45,576 | €46,008 | +€432 | +0.9% |
| Equity | 10/15 | €34,028 | €34,346 | +€318 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,973 | €26,291 | +€318 | +1.2% |
| Amounts payable | 17/49 | €11,547 | €11,662 | +€114 | +1.0% |
| Amounts payable within one year | 42/48 | €11,547 | €11,662 | +€114 | +1.0% |
| Trade debts | 44 | €155 | €837 | +€683 | +441.5% |
| Suppliers | 440/4 | €155 | €837 | +€683 | +441.5% |
| Taxes, remuneration and social security | 45 | €11,393 | €9,779 | -€1,613 | -14.2% |
| Taxes | 450/3 | €11,393 | €3,779 | -€7,613 | -66.8% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | - | €1,045 | +€1,045 | |
| Gross operating margin | 9900 | €847 | €372 | -€475 | -56.1% |
| Operating profit (loss) | 9901 | €847 | €372 | -€475 | -56.1% |
| Financial charges | 65/66B | €125 | €54 | -€71 | -56.8% |
| Recurring financial charges | 65 | €125 | €54 | -€71 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €722 | €318 | -€404 | -56.0% |
| Profit (loss) for the period | 9904 | €722 | €318 | -€404 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €722 | €318 | -€404 | -56.0% |
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.