MB 171: 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.
MB 171
Largest movements
- Tangible fixed assets -€24,340
down €24,340 (-7.8%), from €311,855 to €287,516
- Cash -€4,251
down €4,251 (-85.1%), from €4,996 to €744
mainly Debts after one year (-€27,411) and Receivables within one year (-€3,600)
- Receivables within one year +€3,600
new in 2025: €3,600
- Reserves +€169,554
up €169,554 (+34,188%), from €496 to €170,050
of which Distributable reserves: +€169,554
- Profit (loss) carried forward -€168,548
down €168,548 (-100%), from €168,548 to €0
- Debts after one year -€27,411
down €27,411 (-23.8%), from €114,978 to €87,567
- Gross operating margin +€2,880
up €2,880 (+9.5%), from €30,360 to €33,240
- Financial charges -€756
down €756 (-16.1%), from €4,703 to €3,948
- Taxes +€374
up €374, from -€4 to €370
- Depreciation -€340
down €340 (-1.4%), from €24,679 to €24,340
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 | €317,269 | €292,282 | -€24,987 | -7.9% |
| Fixed assets | 21/28 | €311,855 | €287,516 | -€24,340 | -7.8% |
| Tangible fixed assets | 22/27 | €311,855 | €287,516 | -€24,340 | -7.8% |
| Land and buildings | 22 | €311,855 | €287,516 | -€24,340 | -7.8% |
| Current assets | 29/58 | €5,414 | €4,767 | -€647 | -12.0% |
| Amounts receivable within one year | 40/41 | - | €3,600 | +€3,600 | |
| Trade receivables | 40 | - | €3,600 | +€3,600 | |
| Cash at bank and in hand | 54/58 | €4,996 | €744 | -€4,251 | -85.1% |
| Deferred charges and accrued income | 490/1 | €418 | €422 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €317,269 | €292,282 | -€24,987 | -7.9% |
| Equity | 10/15 | €170,697 | €171,703 | +€1,006 | +0.6% |
| Contributions | 10/11 | €1,653 | €1,653 | = | 0.0% |
| Reserves | 13 | €496 | €170,050 | +€169,554 | +34,188% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Reserves not available under the articles | 1311 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | - | €169,554 | +€169,554 | |
| Profit (loss) carried forward | 14 | €168,548 | €0 | -€168,548 | -100% |
| Amounts payable | 17/49 | €146,572 | €120,579 | -€25,993 | -17.7% |
| Amounts payable after more than one year | 17 | €114,978 | €87,567 | -€27,411 | -23.8% |
| Financial debts | 170/4 | €114,978 | €87,567 | -€27,411 | -23.8% |
| Amounts payable within one year | 42/48 | €31,242 | €30,476 | -€767 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €28,831 | €27,411 | -€1,420 | -4.9% |
| Trade debts | 44 | - | €720 | +€720 | |
| Suppliers | 440/4 | - | €720 | +€720 | |
| Taxes, remuneration and social security | 45 | €989 | €922 | -€67 | -6.8% |
| Taxes | 450/3 | €989 | €922 | -€67 | -6.8% |
| Other amounts payable | 47/48 | €1,423 | €1,423 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €352 | €2,536 | +€2,184 | +621% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,679 | €24,340 | -€340 | -1.4% |
| Other operating charges | 640/8 | €3,468 | €3,577 | +€109 | +3.1% |
| Gross operating margin | 9900 | €30,360 | €33,240 | +€2,880 | +9.5% |
| Operating profit (loss) | 9901 | €2,213 | €5,324 | +€3,111 | +141% |
| Financial charges | 65/66B | €4,703 | €3,948 | -€756 | -16.1% |
| Recurring financial charges | 65 | €4,703 | €3,948 | -€756 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,490 | €1,376 | +€3,866 | |
| Income taxes | 67/77 | -€4 | €370 | +€374 | |
| Profit (loss) for the period | 9904 | -€2,486 | €1,006 | +€3,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,486 | €1,006 | +€3,493 |
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 17 October 2026 via checked.be.