MB-15: what changed
What changed
MB-15
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€51,121
2025 · €42,334+€8,787
Equity
€110,360
2025 · €80,238+€30,121
Cash
€52,848
2025 · €39,386+€13,462
Balance sheet total
€427,168
2025 · €433,654-€6,485
Largest movements
Assets
- Receivables within one year -€53,785
down €53,785 (-63.9%), from €84,120 to €30,335
of which Other amounts receivable: -€44,141
- Tangible fixed assets +€38,872
up €38,872 (+13.2%), from €293,949 to €332,821
of which Furniture and vehicles: +€41,631
- Cash +€13,462
up €13,462 (+34.2%), from €39,386 to €52,848
mainly Receivables within one year (+€53,785) and Net result for the year (+€51,121)
- Stocks and contracts -€5,000
down €5,000 (-34.8%), from €14,363 to €9,363
Equity and liabilities
- Debts after one year -€52,218
down €52,218 (-33.5%), from €155,741 to €103,523
- Reserves +€30,121
up €30,121 (+48.9%), from €61,638 to €91,760
- Trade debts +€7,721
up €7,721, from €0 to €7,721
Income statement
- Gross operating margin +€29,734
up €29,734 (+26.4%), from €112,576 to €142,310
- Depreciation +€14,757
up €14,757 (+41.8%), from €35,345 to €50,103
- Financial charges +€2,492
up €2,492 (+22.7%), from €10,987 to €13,479
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€42,334
Gross operating margin
+€29,734
Staff costs
-€1,309
Depreciation
-€14,757
Other operating charges
-€337
Financial income
-€1,078
Financial charges
-€2,492
Taxes
-€974
Result 2026
€51,121
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€172,183
Investment
-€88,975
Financing
-€69,745
Cash 2025
€39,386
From operations (derived)
+€172,183
Net result for the year
+€51,121
Depreciation
+€50,103
Stocks and contracts
+€5,000
Receivables within one year
+€53,785
Deferred charges and accrued income
+€35
Trade debts
+€7,721
Tax, wage and social debts
+€2,814
Other debts
-€729
Accrued charges and deferred income
+€2,333
Investment (derived)
-€88,975
Investment in fixed assets (net)
-€88,975
Financing
-€69,745
Debts after one year
-€52,218
Current portion of long-term debt
+€2,187
Short-term financial debts
+€1,286
Contributions, distributions and other
-€21,000
Cash 2026
€52,848
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,654 | €427,168 | -€6,485 | -1.5% |
| Fixed assets | 21/28 | €293,949 | €332,821 | +€38,872 | +13.2% |
| Tangible fixed assets | 22/27 | €293,949 | €332,821 | +€38,872 | +13.2% |
| Land and buildings | 22 | €234,946 | €233,937 | -€1,009 | -0.4% |
| Plant, machinery and equipment | 23 | €6,333 | €7,134 | +€801 | +12.7% |
| Furniture and vehicles | 24 | €48,829 | €90,460 | +€41,631 | +85.3% |
| Other tangible fixed assets | 26 | €3,842 | €1,291 | -€2,551 | -66.4% |
| Current assets | 29/58 | €139,705 | €94,347 | -€45,358 | -32.5% |
| Stocks and contracts in progress | 3 | €14,363 | €9,363 | -€5,000 | -34.8% |
| Stocks | 30/36 | €14,363 | €9,363 | -€5,000 | -34.8% |
| Amounts receivable within one year | 40/41 | €84,120 | €30,335 | -€53,785 | -63.9% |
| Trade receivables | 40 | €38,935 | €29,291 | -€9,644 | -24.8% |
| Other amounts receivable | 41 | €45,185 | €1,044 | -€44,141 | -97.7% |
| Cash at bank and in hand | 54/58 | €39,386 | €52,848 | +€13,462 | +34.2% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,800 | -€35 | -1.9% |
| Total equity and liabilities | 10/49 | €433,654 | €427,168 | -€6,485 | -1.5% |
| Equity | 10/15 | €80,238 | €110,360 | +€30,121 | +37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,638 | €91,760 | +€30,121 | +48.9% |
| Distributable reserves | 133 | €61,638 | €91,760 | +€30,121 | +48.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €353,415 | €316,809 | -€36,606 | -10.4% |
| Amounts payable after more than one year | 17 | €155,741 | €103,523 | -€52,218 | -33.5% |
| Financial debts | 170/4 | €155,741 | €103,523 | -€52,218 | -33.5% |
| Amounts payable within one year | 42/48 | €191,347 | €204,626 | +€13,279 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €50,977 | €53,164 | +€2,187 | +4.3% |
| Financial debts | 43 | €284 | €1,570 | +€1,286 | +452% |
| Credit institutions | 430/8 | €0 | €1,344 | +€1,344 | |
| Other loans | 439 | €284 | €226 | -€59 | -20.6% |
| Trade debts | 44 | €0 | €7,721 | +€7,721 | |
| Suppliers | 440/4 | €0 | €7,721 | +€7,721 | |
| Taxes, remuneration and social security | 45 | €11,544 | €14,358 | +€2,814 | +24.4% |
| Taxes | 450/3 | €10,613 | €13,353 | +€2,740 | +25.8% |
| Remuneration and social security | 454/9 | €932 | €1,006 | +€74 | +8.0% |
| Other amounts payable | 47/48 | €128,541 | €127,812 | -€729 | -0.6% |
| Accrued charges and deferred income | 492/3 | €6,327 | €8,660 | +€2,333 | +36.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €9,663 | €10,972 | +€1,309 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,345 | €50,103 | +€14,757 | +41.8% |
| Other operating charges | 640/8 | €3,142 | €3,479 | +€337 | +10.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €112,576 | €142,310 | +€29,734 | +26.4% |
| Operating profit (loss) | 9901 | €64,426 | €77,757 | +€13,331 | +20.7% |
| Financial income | 75/76B | €2,056 | €978 | -€1,078 | -52.4% |
| Recurring financial income | 75 | €2,056 | €978 | -€1,078 | -52.4% |
| Financial charges | 65/66B | €10,987 | €13,479 | +€2,492 | +22.7% |
| Recurring financial charges | 65 | €10,987 | €13,479 | +€2,492 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €55,495 | €65,256 | +€9,761 | +17.6% |
| Income taxes | 67/77 | €13,161 | €14,135 | +€974 | +7.4% |
| Profit (loss) for the period | 9904 | €42,334 | €51,121 | +€8,787 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,334 | €51,121 | +€8,787 | +20.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.