MB&A: 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&A
Largest movements
- Tangible fixed assets +€56,945
up €56,945 (+2773.2%), from €2,053 to €58,998
of which Furniture and vehicles: +€56,978
- Cash -€40,060
down €40,060 (-99.2%), from €40,368 to €309
mainly Investment in fixed assets (net) (-€57,956) and Net result for the year (-€5,144)
- Receivables within one year +€3,097
up €3,097 (+50.0%), from €6,197 to €9,294
of which Other amounts receivable: +€3,698
- Other debts +€26,761
up €26,761, from €0 to €26,761
- Profit (loss) carried forward -€5,144
down €5,144 (-41.2%), from -€12,485 to -€17,629
- Trade debts -€898
down €898 (-16.7%), from €5,361 to €4,463
- Gross operating margin -€3,685
down €3,685, from €155 to -€3,530
- Other operating charges -€2,133
down €2,133 (-79.7%), from €2,677 to €544
- Depreciation +€577
up €577 (+133.0%), from €434 to €1,011
- Financial charges +€61
up €61 (+101316.7%), from €0 to €61
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 | €48,619 | €68,601 | +€19,982 | +41.1% |
| Fixed assets | 21/28 | €2,053 | €58,998 | +€56,945 | +2773.2% |
| Tangible fixed assets | 22/27 | €2,053 | €58,998 | +€56,945 | +2773.2% |
| Plant, machinery and equipment | 23 | €34 | €0 | -€34 | -100.0% |
| Furniture and vehicles | 24 | €2,020 | €58,998 | +€56,978 | +2821.1% |
| Current assets | 29/58 | €46,566 | €9,603 | -€36,963 | -79.4% |
| Amounts receivable within one year | 40/41 | €6,197 | €9,294 | +€3,097 | +50.0% |
| Trade receivables | 40 | €4,355 | €3,754 | -€601 | -13.8% |
| Other amounts receivable | 41 | €1,842 | €5,540 | +€3,698 | +200.7% |
| Cash at bank and in hand | 54/58 | €40,368 | €309 | -€40,060 | -99.2% |
| Total equity and liabilities | 10/49 | €48,619 | €68,601 | +€19,982 | +41.1% |
| Equity | 10/15 | €27,515 | €22,371 | -€5,144 | -18.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,485 | -€17,629 | -€5,144 | -41.2% |
| Amounts payable | 17/49 | €21,104 | €46,229 | +€25,126 | +119.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,104 | €31,229 | +€25,126 | +411.7% |
| Trade debts | 44 | €5,361 | €4,463 | -€898 | -16.7% |
| Suppliers | 440/4 | €5,361 | €4,463 | -€898 | -16.7% |
| Advances received on contracts in progress | 46 | €640 | €0 | -€640 | -100.0% |
| Taxes, remuneration and social security | 45 | €102 | €5 | -€98 | -95.3% |
| Taxes | 450/3 | €102 | €5 | -€98 | -95.3% |
| Other amounts payable | 47/48 | €0 | €26,761 | +€26,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €1,011 | +€577 | +133.0% |
| Other operating charges | 640/8 | €2,677 | €544 | -€2,133 | -79.7% |
| Non-recurring operating charges | 66A | €2,869 | €0 | -€2,869 | -100.0% |
| Gross operating margin | 9900 | €155 | -€3,530 | -€3,685 | |
| Operating profit (loss) | 9901 | -€5,825 | -€5,085 | +€740 | +12.7% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €0 | €61 | +€61 | +101316.7% |
| Recurring financial charges | 65 | €0 | €61 | +€61 | +101316.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,825 | -€5,139 | +€686 | +11.8% |
| Income taxes | 67/77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€5,825 | -€5,144 | +€681 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,825 | -€5,144 | +€681 | +11.7% |
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 10 October 2026 via checked.be.