MB Carré: 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 Carré
Largest movements
- Receivables within one year +€20,029
up €20,029 (+49.5%), from €40,473 to €60,502
of which Trade receivables: +€21,355
- Cash -€10,765
down €10,765 (-87.4%), from €12,316 to €1,551
mainly Debts after one year (-€31,337) and Receivables within one year (-€20,029)
- Intangible fixed assets -€10,261
down €10,261 (-20.1%), from €50,972 to €40,711
- Tangible fixed assets -€2,481
down €2,481 (-32.8%), from €7,569 to €5,088
of which Furniture and vehicles: -€2,332
- Deferred charges and accrued income +€2,360
new in 2025: €2,360
- Debts after one year -€31,337
down €31,337 (-55.1%), from €56,856 to €25,519
of which Other amounts payable: -€21,996
- Trade debts +€15,943
up €15,943 (+247%), from €6,463 to €22,406
- Other debts +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€3,557
up €3,557 (+18.2%), from €19,509 to €23,066
of which Taxes: +€1,838
- Gross operating margin +€25,793
up €25,793 (+44.5%), from €57,916 to €83,709
- Staff costs +€25,042
up €25,042 (+91.6%), from €27,338 to €52,380
- Taxes -€3,225
down €3,225 (-68.0%), from €4,744 to €1,519
- Depreciation -€1,769
down €1,769 (-12.8%), from €13,772 to €12,003
- Other operating charges -€1,520
down €1,520 (-43.8%), from €3,470 to €1,950
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 | €111,693 | €110,575 | -€1,118 | -1.0% |
| Fixed assets | 21/28 | €58,904 | €46,162 | -€12,742 | -21.6% |
| Intangible fixed assets | 21 | €50,972 | €40,711 | -€10,261 | -20.1% |
| Tangible fixed assets | 22/27 | €7,569 | €5,088 | -€2,481 | -32.8% |
| Plant, machinery and equipment | 23 | €223 | €74 | -€149 | -66.8% |
| Furniture and vehicles | 24 | €7,346 | €5,014 | -€2,332 | -31.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €52,789 | €64,413 | +€11,624 | +22.0% |
| Amounts receivable within one year | 40/41 | €40,473 | €60,502 | +€20,029 | +49.5% |
| Trade receivables | 40 | €37,923 | €59,278 | +€21,355 | +56.3% |
| Other amounts receivable | 41 | €2,550 | €1,224 | -€1,326 | -52.0% |
| Cash at bank and in hand | 54/58 | €12,316 | €1,551 | -€10,765 | -87.4% |
| Deferred charges and accrued income | 490/1 | - | €2,360 | +€2,360 | |
| Total equity and liabilities | 10/49 | €111,693 | €110,575 | -€1,118 | -1.0% |
| Equity | 10/15 | €19,974 | €20,242 | +€268 | +1.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €10,100 | €10,100 | = | 0.0% |
| Distributable reserves | 133 | €10,100 | €10,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,874 | €4,142 | +€268 | +6.9% |
| Amounts payable | 17/49 | €91,719 | €90,333 | -€1,386 | -1.5% |
| Amounts payable after more than one year | 17 | €56,856 | €25,519 | -€31,337 | -55.1% |
| Financial debts | 170/4 | €34,827 | €25,486 | -€9,341 | -26.8% |
| Other amounts payable | 178/9 | €22,029 | €33 | -€21,996 | -99.9% |
| Amounts payable within one year | 42/48 | €34,862 | €64,814 | +€29,952 | +85.9% |
| Current portion of amounts payable after more than one year | 42 | €8,890 | €9,342 | +€452 | +5.1% |
| Trade debts | 44 | €6,463 | €22,406 | +€15,943 | +247% |
| Suppliers | 440/4 | €6,463 | €22,406 | +€15,943 | +247% |
| Taxes, remuneration and social security | 45 | €19,509 | €23,066 | +€3,557 | +18.2% |
| Taxes | 450/3 | €12,258 | €14,096 | +€1,838 | +15.0% |
| Remuneration and social security | 454/9 | €7,251 | €8,970 | +€1,719 | +23.7% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €27,338 | €52,380 | +€25,042 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,772 | €12,003 | -€1,769 | -12.8% |
| Other operating charges | 640/8 | €3,470 | €1,950 | -€1,520 | -43.8% |
| Gross operating margin | 9900 | €57,916 | €83,709 | +€25,793 | +44.5% |
| Operating profit (loss) | 9901 | €13,336 | €17,376 | +€4,040 | +30.3% |
| Financial income | 75/76B | €79 | €61 | -€18 | -22.8% |
| Recurring financial income | 75 | €79 | €61 | -€18 | -22.8% |
| Financial charges | 65/66B | €5,834 | €5,650 | -€184 | -3.2% |
| Recurring financial charges | 65 | €5,834 | €5,650 | -€184 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €7,581 | €11,787 | +€4,206 | +55.5% |
| Income taxes | 67/77 | €4,744 | €1,519 | -€3,225 | -68.0% |
| Profit (loss) for the period | 9904 | €2,837 | €10,268 | +€7,431 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €2,837 | €10,268 | +€7,431 | +262% |
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 16 October 2026 via checked.be.