MB Air Balancing: what changed
MB Air Balancing
Largest movements
- Cash +€76,742
up €76,742 (+447%), from €17,170 to €93,912
mainly Net result for the year (+€50,383) and Tax, wage and social debts (+€23,084)
- Receivables within one year +€25,932
up €25,932 (+139%), from €18,604 to €44,536
of which Trade receivables: +€31,220
- Intangible fixed assets -€7,624
down €7,624 (-21.1%), from €36,198 to €28,574
- Tangible fixed assets -€2,284
down €2,284 (-13.5%), from €16,875 to €14,591
of which Furniture and vehicles: -€1,739
- Reserves +€50,383
up €50,383 (+94.5%), from €53,328 to €103,710
of which Distributable reserves: +€58,007
- Tax, wage and social debts +€23,084
up €23,084 (+111%), from €20,834 to €43,918
of which Taxes: +€19,260
- Trade debts +€17,478
up €17,478 (+161%), from €10,878 to €28,357
- Other debts +€4,200
up €4,200 (+236%), from €1,780 to €5,980
- Accrued charges and deferred income -€2,257
no longer reported in 2025 (was €2,257)
- Gross operating margin +€136,385
up €136,385 (+105%), from €130,305 to €266,690
- Staff costs +€117,554
up €117,554 (+213%), from €55,188 to €172,742
- Taxes +€15,031
up €15,031 (+129%), from €11,658 to €26,689
- Depreciation +€7,561
up €7,561 (+172%), from €4,395 to €11,956
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,077 | €182,965 | +€92,888 | +103% |
| Fixed assets | 21/28 | €53,972 | €44,064 | -€9,908 | -18.4% |
| Intangible fixed assets | 21 | €36,198 | €28,574 | -€7,624 | -21.1% |
| Tangible fixed assets | 22/27 | €16,875 | €14,591 | -€2,284 | -13.5% |
| Plant, machinery and equipment | 23 | €743 | €198 | -€545 | -73.3% |
| Furniture and vehicles | 24 | €16,132 | €14,393 | -€1,739 | -10.8% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €36,105 | €138,901 | +€102,796 | +285% |
| Amounts receivable within one year | 40/41 | €18,604 | €44,536 | +€25,932 | +139% |
| Trade receivables | 40 | €13,092 | €44,313 | +€31,220 | +238% |
| Other amounts receivable | 41 | €5,512 | €223 | -€5,289 | -96.0% |
| Cash at bank and in hand | 54/58 | €17,170 | €93,912 | +€76,742 | +447% |
| Deferred charges and accrued income | 490/1 | €331 | €453 | +€123 | +37.1% |
| Total equity and liabilities | 10/49 | €90,077 | €182,965 | +€92,888 | +103% |
| Equity | 10/15 | €54,328 | €104,710 | +€50,383 | +92.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,328 | €103,710 | +€50,383 | +94.5% |
| Tax-exempt reserves | 132 | €36,198 | €28,574 | -€7,624 | -21.1% |
| Distributable reserves | 133 | €17,130 | €75,137 | +€58,007 | +339% |
| Amounts payable | 17/49 | €35,749 | €78,255 | +€42,505 | +119% |
| Amounts payable within one year | 42/48 | €33,492 | €78,255 | +€44,763 | +134% |
| Trade debts | 44 | €10,878 | €28,357 | +€17,478 | +161% |
| Suppliers | 440/4 | €10,878 | €28,357 | +€17,478 | +161% |
| Taxes, remuneration and social security | 45 | €20,834 | €43,918 | +€23,084 | +111% |
| Taxes | 450/3 | €8,354 | €27,614 | +€19,260 | +231% |
| Remuneration and social security | 454/9 | €12,480 | €16,305 | +€3,825 | +30.6% |
| Other amounts payable | 47/48 | €1,780 | €5,980 | +€4,200 | +236% |
| Accrued charges and deferred income | 492/3 | €2,257 | - | -€2,257 | |
| Remuneration, social security and pensions | 62 | €55,188 | €172,742 | +€117,554 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,395 | €11,956 | +€7,561 | +172% |
| Other operating charges | 640/8 | €3,043 | €4,104 | +€1,061 | +34.9% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €2,181 | - | -€2,181 | |
| Gross operating margin | 9900 | €130,305 | €266,690 | +€136,385 | +105% |
| Operating profit (loss) | 9901 | €65,498 | €77,889 | +€12,391 | +18.9% |
| Financial income | 75/76B | €32 | €1 | -€31 | -98.1% |
| Recurring financial income | 75 | €32 | €1 | -€31 | -98.1% |
| Financial charges | 65/66B | €1,398 | €817 | -€581 | -41.5% |
| Recurring financial charges | 65 | €1,398 | €817 | -€581 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €64,131 | €77,072 | +€12,941 | +20.2% |
| Income taxes | 67/77 | €11,658 | €26,689 | +€15,031 | +129% |
| Profit (loss) for the period | 9904 | €52,473 | €50,383 | -€2,090 | -4.0% |
| Transfer from tax-exempt reserves | 789 | - | €7,624 | +€7,624 | |
| Transfer to tax-exempt reserves | 689 | €38,119 | - | -€38,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,354 | €58,007 | +€43,653 | +304% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.