MB CONCEPT: 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 CONCEPT
Largest movements
- Receivables after one year -€101,619
no longer reported in 2025 (was €101,619)
- Receivables within one year -€32,650
down €32,650 (-28.3%), from €115,523 to €82,873
of which Other amounts receivable: -€28,252
- Other debts -€74,419
down €74,419 (-88.6%), from €84,007 to €9,587
- Debts after one year -€49,639
down €49,639 (-86.1%), from €57,639 to €8,000
of which Financial debts: -€49,639
- Profit (loss) carried forward -€18,010
down €18,010 (-30.8%), from €58,467 to €40,457
- Trade debts +€3,041
up €3,041 (+45.6%), from €6,663 to €9,704
- Financial charges +€22,877
up €22,877 (+2,034%), from €1,125 to €24,001
- Gross operating margin -€9,684
down €9,684 (-50.8%), from €19,075 to €9,391
- Taxes -€3,213
down €3,213 (-71.3%), from €4,508 to €1,295
- Other operating charges +€728
up €728 (+291%), from €250 to €978
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 | €236,790 | €99,458 | -€137,332 | -58.0% |
| Fixed assets | 21/28 | €14,751 | €13,934 | -€817 | -5.5% |
| Tangible fixed assets | 22/27 | €2,451 | €1,634 | -€817 | -33.3% |
| Plant, machinery and equipment | 23 | €2,451 | €1,634 | -€817 | -33.3% |
| Financial fixed assets | 28 | €12,300 | €12,300 | = | 0.0% |
| Current assets | 29/58 | €222,038 | €85,524 | -€136,515 | -61.5% |
| Amounts receivable after more than one year | 29 | €101,619 | - | -€101,619 | |
| Other amounts receivable | 291 | €101,619 | - | -€101,619 | |
| Amounts receivable within one year | 40/41 | €115,523 | €82,873 | -€32,650 | -28.3% |
| Trade receivables | 40 | €45,592 | €41,194 | -€4,398 | -9.6% |
| Other amounts receivable | 41 | €69,931 | €41,679 | -€28,252 | -40.4% |
| Cash at bank and in hand | 54/58 | €4,897 | €2,650 | -€2,246 | -45.9% |
| Total equity and liabilities | 10/49 | €236,790 | €99,458 | -€137,332 | -58.0% |
| Equity | 10/15 | €66,527 | €48,517 | -€18,010 | -27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €58,467 | €40,457 | -€18,010 | -30.8% |
| Amounts payable | 17/49 | €170,262 | €50,941 | -€119,322 | -70.1% |
| Amounts payable after more than one year | 17 | €57,639 | €8,000 | -€49,639 | -86.1% |
| Financial debts | 170/4 | €49,639 | - | -€49,639 | |
| Other amounts payable | 178/9 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,624 | €42,941 | -€69,683 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €11,244 | €11,644 | +€400 | +3.6% |
| Trade debts | 44 | €6,663 | €9,704 | +€3,041 | +45.6% |
| Suppliers | 440/4 | €6,663 | €9,704 | +€3,041 | +45.6% |
| Taxes, remuneration and social security | 45 | €10,709 | €12,005 | +€1,295 | +12.1% |
| Taxes | 450/3 | €10,709 | €12,005 | +€1,295 | +12.1% |
| Other amounts payable | 47/48 | €84,007 | €9,587 | -€74,419 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817 | €817 | = | 0.0% |
| Other operating charges | 640/8 | €250 | €978 | +€728 | +291% |
| Non-recurring operating charges | 66A | €590 | €311 | -€280 | -47.4% |
| Gross operating margin | 9900 | €19,075 | €9,391 | -€9,684 | -50.8% |
| Operating profit (loss) | 9901 | €17,418 | €7,285 | -€10,133 | -58.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,125 | €24,001 | +€22,877 | +2,034% |
| Recurring financial charges | 65 | €1,125 | €24,001 | +€22,877 | +2,034% |
| Profit (loss) for the period before taxes | 9903 | €16,293 | -€16,715 | -€33,008 | |
| Income taxes | 67/77 | €4,508 | €1,295 | -€3,213 | -71.3% |
| Profit (loss) for the period | 9904 | €11,785 | -€18,010 | -€29,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,785 | -€18,010 | -€29,795 |
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 15 October 2026 via checked.be.