MB BRG: 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 BRG
Largest movements
- Cash +€70,429
up €70,429 (+99.9%), from €70,480 to €140,908
mainly Net result for the year (+€68,754) and Depreciation (+€18,284)
- Tangible fixed assets -€18,284
down €18,284 (-20.7%), from €88,313 to €70,029
- Profit (loss) carried forward +€68,754
up €68,754 (+73.2%), from €93,990 to €162,743
- Debts after one year -€12,287
down €12,287 (-33.8%), from €36,379 to €24,092
- Tax, wage and social debts -€5,788
down €5,788 (-18.2%), from €31,883 to €26,095
of which Taxes: -€5,861
- Depreciation +€15,178
up €15,178 (+489%), from €3,106 to €18,284
- Other operating charges -€10,707
down €10,707 (-89.6%), from €11,948 to €1,241
- Financial charges -€4,048
down €4,048 (-66.2%), from €6,110 to €2,062
- Gross operating margin +€1,485
up €1,485 (+1.4%), from €108,190 to €109,675
- Taxes +€1,169
up €1,169 (+6.4%), from €18,165 to €19,334
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 | €179,455 | €231,532 | +€52,076 | +29.0% |
| Fixed assets | 21/28 | €88,313 | €70,029 | -€18,284 | -20.7% |
| Tangible fixed assets | 22/27 | €88,313 | €70,029 | -€18,284 | -20.7% |
| Furniture and vehicles | 24 | €88,313 | €70,029 | -€18,284 | -20.7% |
| Current assets | 29/58 | €91,143 | €161,503 | +€70,360 | +77.2% |
| Amounts receivable within one year | 40/41 | €20,663 | €20,595 | -€69 | -0.3% |
| Trade receivables | 40 | €20,663 | €20,595 | -€69 | -0.3% |
| Cash at bank and in hand | 54/58 | €70,480 | €140,908 | +€70,429 | +99.9% |
| Total equity and liabilities | 10/49 | €179,455 | €231,532 | +€52,076 | +29.0% |
| Equity | 10/15 | €96,990 | €165,743 | +€68,754 | +70.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,990 | €162,743 | +€68,754 | +73.2% |
| Amounts payable | 17/49 | €82,466 | €65,788 | -€16,677 | -20.2% |
| Amounts payable after more than one year | 17 | €36,379 | €24,092 | -€12,287 | -33.8% |
| Financial debts | 170/4 | €36,379 | €24,092 | -€12,287 | -33.8% |
| Amounts payable within one year | 42/48 | €46,086 | €41,696 | -€4,390 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €11,720 | €12,287 | +€567 | +4.8% |
| Trade debts | 44 | €1,591 | €2,422 | +€831 | +52.2% |
| Suppliers | 440/4 | €1,591 | €2,422 | +€831 | +52.2% |
| Taxes, remuneration and social security | 45 | €31,883 | €26,095 | -€5,788 | -18.2% |
| Taxes | 450/3 | €28,835 | €22,975 | -€5,861 | -20.3% |
| Remuneration and social security | 454/9 | €3,048 | €3,121 | +€73 | +2.4% |
| Other amounts payable | 47/48 | €891 | €891 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,106 | €18,284 | +€15,178 | +489% |
| Other operating charges | 640/8 | €11,948 | €1,241 | -€10,707 | -89.6% |
| Gross operating margin | 9900 | €108,190 | €109,675 | +€1,485 | +1.4% |
| Operating profit (loss) | 9901 | €93,136 | €90,150 | -€2,987 | -3.2% |
| Financial charges | 65/66B | €6,110 | €2,062 | -€4,048 | -66.2% |
| Recurring financial charges | 65 | €6,110 | €2,062 | -€4,048 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €87,026 | €88,087 | +€1,061 | +1.2% |
| Income taxes | 67/77 | €18,165 | €19,334 | +€1,169 | +6.4% |
| Profit (loss) for the period | 9904 | €68,861 | €68,754 | -€108 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,861 | €68,754 | -€108 | -0.2% |
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.