MB CHALLENGE: 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 CHALLENGE
Largest movements
- Cash -€7,811
down €7,811 (-68.5%), from €11,398 to €3,587
mainly Net result for the year (-€13,832) and Receivables within one year (-€379)
- Tangible fixed assets -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Receivables within one year +€379
up €379 (+12.2%), from €3,119 to €3,499
of which Trade receivables: +€1,108
- Profit (loss) carried forward -€13,832
down €13,832, from €1,568 to -€12,263
- Trade debts +€1,044
up €1,044 (+139.9%), from €746 to €1,789
- Other debts +€357
up €357 (+1.2%), from €30,003 to €30,359
- Gross operating margin -€17,983
down €17,983, from €9,249 to -€8,734
- Other operating charges -€1,512
down €1,512 (-96.6%), from €1,565 to €53
- Depreciation -€1,050
down €1,050 (-17.4%), from €6,050 to €5,000
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 | €34,517 | €22,086 | -€12,431 | -36.0% |
| Fixed assets | 21/28 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Tangible fixed assets | 22/27 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Furniture and vehicles | 24 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Current assets | 29/58 | €14,517 | €7,086 | -€7,431 | -51.2% |
| Amounts receivable within one year | 40/41 | €3,119 | €3,499 | +€379 | +12.2% |
| Trade receivables | 40 | €772 | €1,880 | +€1,108 | +143.6% |
| Other amounts receivable | 41 | €2,347 | €1,618 | -€729 | -31.1% |
| Cash at bank and in hand | 54/58 | €11,398 | €3,587 | -€7,811 | -68.5% |
| Total equity and liabilities | 10/49 | €34,517 | €22,086 | -€12,431 | -36.0% |
| Equity | 10/15 | €3,768 | -€10,063 | -€13,832 | |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,568 | -€12,263 | -€13,832 | |
| Amounts payable | 17/49 | €30,748 | €32,149 | +€1,400 | +4.6% |
| Amounts payable within one year | 42/48 | €30,748 | €32,149 | +€1,400 | +4.6% |
| Trade debts | 44 | €746 | €1,789 | +€1,044 | +139.9% |
| Suppliers | 440/4 | €746 | €1,789 | +€1,044 | +139.9% |
| Other amounts payable | 47/48 | €30,003 | €30,359 | +€357 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,050 | €5,000 | -€1,050 | -17.4% |
| Other operating charges | 640/8 | €1,565 | €53 | -€1,512 | -96.6% |
| Gross operating margin | 9900 | €9,249 | -€8,734 | -€17,983 | |
| Operating profit (loss) | 9901 | €1,635 | -€13,787 | -€15,421 | |
| Financial charges | 65/66B | €66 | €45 | -€21 | -32.1% |
| Recurring financial charges | 65 | €66 | €45 | -€21 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €1,568 | -€13,832 | -€15,400 | |
| Profit (loss) for the period | 9904 | €1,568 | -€13,832 | -€15,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,568 | -€13,832 | -€15,400 |
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.