MB ART & DECOR: 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 ART & DECOR
Largest movements
- Receivables within one year -€95,566
down €95,566 (-61.0%), from €156,739 to €61,173
of which Other amounts receivable: -€71,191
- Stocks and contracts -€29,128
down €29,128 (-32.5%), from €89,517 to €60,389
- Cash +€6,679
up €6,679 (+197%), from €3,382 to €10,061
mainly Receivables within one year (+€95,566) and Stocks and contracts (+€29,128)
- Profit (loss) carried forward -€47,473
down €47,473 (-44.7%), from €106,178 to €58,705
- Short-term financial debts -€26,141
no longer reported in 2025 (was €26,141)
- Debts after one year -€16,381
down €16,381 (-33.4%), from €49,096 to €32,715
- Tax, wage and social debts -€12,948
down €12,948 (-85.5%), from €15,147 to €2,198
- Trade debts -€12,605
down €12,605 (-66.2%), from €19,049 to €6,445
- Turnover -€173,557
down €173,557 (-35.8%), from €484,661 to €311,104
- Purchases and services -€128,153
down €128,153 (-28.6%), from €448,571 to €320,418
- Gross operating margin -€45,404
down €45,404, from €36,090 to -€9,314
- Staff costs +€5,787
up €5,787 (+23.0%), from €25,200 to €30,987
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 | €255,487 | €136,904 | -€118,583 | -46.4% |
| Fixed assets | 21/28 | €5,558 | €5,281 | -€277 | -5.0% |
| Tangible fixed assets | 22/27 | €743 | €446 | -€297 | -40.0% |
| Furniture and vehicles | 24 | €743 | €446 | -€297 | -40.0% |
| Financial fixed assets | 28 | €4,815 | €4,835 | +€20 | +0.4% |
| Current assets | 29/58 | €249,930 | €131,623 | -€118,306 | -47.3% |
| Stocks and contracts in progress | 3 | €89,517 | €60,389 | -€29,128 | -32.5% |
| Stocks | 30/36 | €89,517 | €60,389 | -€29,128 | -32.5% |
| Amounts receivable within one year | 40/41 | €156,739 | €61,173 | -€95,566 | -61.0% |
| Trade receivables | 40 | €65,438 | €41,063 | -€24,375 | -37.2% |
| Other amounts receivable | 41 | €91,301 | €20,110 | -€71,191 | -78.0% |
| Cash at bank and in hand | 54/58 | €3,382 | €10,061 | +€6,679 | +197% |
| Deferred charges and accrued income | 490/1 | €291 | - | -€291 | |
| Total equity and liabilities | 10/49 | €255,487 | €136,904 | -€118,583 | -46.4% |
| Equity | 10/15 | €126,638 | €79,165 | -€47,473 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,178 | €58,705 | -€47,473 | -44.7% |
| Amounts payable | 17/49 | €128,850 | €57,739 | -€71,110 | -55.2% |
| Amounts payable after more than one year | 17 | €49,096 | €32,715 | -€16,381 | -33.4% |
| Financial debts | 170/4 | €49,096 | €32,715 | -€16,381 | -33.4% |
| Amounts payable within one year | 42/48 | €75,409 | €25,024 | -€50,385 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €15,072 | €16,381 | +€1,309 | +8.7% |
| Financial debts | 43 | €26,141 | - | -€26,141 | |
| Credit institutions | 430/8 | €26,141 | - | -€26,141 | |
| Trade debts | 44 | €19,049 | €6,445 | -€12,605 | -66.2% |
| Suppliers | 440/4 | €19,049 | €6,445 | -€12,605 | -66.2% |
| Taxes, remuneration and social security | 45 | €15,147 | €2,198 | -€12,948 | -85.5% |
| Taxes | 450/3 | €15,147 | €2,198 | -€12,948 | -85.5% |
| Accrued charges and deferred income | 492/3 | €4,345 | - | -€4,345 | |
| Turnover | 70 | €484,661 | €311,104 | -€173,557 | -35.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €448,571 | €320,418 | -€128,153 | -28.6% |
| Remuneration, social security and pensions | 62 | €25,200 | €30,987 | +€5,787 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €297 | -€283 | -48.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,816 | €1,232 | -€3,584 | -74.4% |
| Other operating charges | 640/8 | €1,835 | €1,902 | +€68 | +3.7% |
| Gross operating margin | 9900 | €36,090 | -€9,314 | -€45,404 | |
| Operating profit (loss) | 9901 | €3,660 | -€43,732 | -€47,393 | |
| Financial income | 75/76B | €3,465 | €3,407 | -€58 | -1.7% |
| Recurring financial income | 75 | €3,465 | €3,407 | -€58 | -1.7% |
| Financial charges | 65/66B | €6,733 | €6,555 | -€178 | -2.6% |
| Recurring financial charges | 65 | €6,733 | €6,555 | -€178 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €393 | -€46,880 | -€47,273 | |
| Income taxes | 67/77 | -€2,859 | €593 | +€3,452 | |
| Profit (loss) for the period | 9904 | €3,252 | -€47,473 | -€50,724 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,252 | -€47,473 | -€50,724 |
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 26 October 2026 via checked.be.