MB CONSEIL: what changed
Two fiscal 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 CONSEIL
Largest movements
- Tangible fixed assets +€81,285
up €81,285 (+580.7%), from €13,998 to €95,283
of which Plant, machinery and equipment: +€82,682
- Cash -€76,988
down €76,988 (-44.2%), from €174,172 to €97,184
mainly Investment in fixed assets (net) (-€89,950) and Tax, wage and social debts (-€26,370)
- Current investments +€14,250
up €14,250 (+6.7%), from €214,000 to €228,250
- Deferred charges and accrued income -€5,348
down €5,348 (-57.2%), from €9,358 to €4,010
- Reserves +€46,000
up €46,000 (+16.5%), from €278,686 to €324,686
of which Distributable reserves: +€46,000
- Tax, wage and social debts -€26,370
down €26,370 (-79.5%), from €33,188 to €6,818
- Other debts -€12,360
down €12,360 (-74.3%), from €16,634 to €4,274
- Debts after one year +€8,174
up €8,174 (+8.0%), from €102,170 to €110,343
- Gross operating margin +€22,140
up €22,140 (+34.5%), from €64,166 to €86,306
- Depreciation +€6,613
up €6,613 (+322.1%), from €2,053 to €8,665
- Taxes +€5,215
up €5,215 (+33.1%), from €15,762 to €20,978
- Financial charges +€4,246
up €4,246 (+67.2%), from €6,318 to €10,564
- Financial income +€2,726
up €2,726 (+560.0%), from €487 to €3,213
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 | €461,775 | €475,942 | +€14,167 | +3.1% |
| Fixed assets | 21/28 | €14,448 | €95,733 | +€81,285 | +562.6% |
| Tangible fixed assets | 22/27 | €13,998 | €95,283 | +€81,285 | +580.7% |
| Land and buildings | 22 | €12,856 | €11,866 | -€989 | -7.7% |
| Plant, machinery and equipment | 23 | - | €82,682 | +€82,682 | |
| Furniture and vehicles | 24 | €1,143 | €734 | -€408 | -35.7% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €447,326 | €380,209 | -€67,117 | -15.0% |
| Amounts receivable within one year | 40/41 | €49,796 | €50,765 | +€969 | +1.9% |
| Trade receivables | 40 | €29,732 | €28,912 | -€820 | -2.8% |
| Other amounts receivable | 41 | €20,064 | €21,852 | +€1,788 | +8.9% |
| Current investments | 50/53 | €214,000 | €228,250 | +€14,250 | +6.7% |
| Cash at bank and in hand | 54/58 | €174,172 | €97,184 | -€76,988 | -44.2% |
| Deferred charges and accrued income | 490/1 | €9,358 | €4,010 | -€5,348 | -57.2% |
| Total equity and liabilities | 10/49 | €461,775 | €475,942 | +€14,167 | +3.1% |
| Equity | 10/15 | €303,026 | €349,847 | +€46,821 | +15.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €278,686 | €324,686 | +€46,000 | +16.5% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €278,586 | €324,586 | +€46,000 | +16.5% |
| Profit (loss) carried forward | 14 | €23,340 | €24,161 | +€821 | +3.5% |
| Amounts payable | 17/49 | €158,748 | €126,095 | -€32,654 | -20.6% |
| Amounts payable after more than one year | 17 | €102,170 | €110,343 | +€8,174 | +8.0% |
| Financial debts | 170/4 | €102,170 | €110,343 | +€8,174 | +8.0% |
| Amounts payable within one year | 42/48 | €56,498 | €15,739 | -€40,759 | -72.1% |
| Trade debts | 44 | €6,675 | €4,647 | -€2,029 | -30.4% |
| Suppliers | 440/4 | €6,675 | €4,647 | -€2,029 | -30.4% |
| Taxes, remuneration and social security | 45 | €33,188 | €6,818 | -€26,370 | -79.5% |
| Taxes | 450/3 | €33,188 | €6,818 | -€26,370 | -79.5% |
| Other amounts payable | 47/48 | €16,634 | €4,274 | -€12,360 | -74.3% |
| Accrued charges and deferred income | 492/3 | €81 | €12 | -€68 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,053 | €8,665 | +€6,613 | +322.1% |
| Other operating charges | 640/8 | €1,926 | €2,491 | +€564 | +29.3% |
| Gross operating margin | 9900 | €64,166 | €86,306 | +€22,140 | +34.5% |
| Operating profit (loss) | 9901 | €60,187 | €75,150 | +€14,963 | +24.9% |
| Financial income | 75/76B | €487 | €3,213 | +€2,726 | +560.0% |
| Recurring financial income | 75 | €487 | €3,213 | +€2,726 | +560.0% |
| Financial charges | 65/66B | €6,318 | €10,564 | +€4,246 | +67.2% |
| Recurring financial charges | 65 | €6,318 | €10,564 | +€4,246 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €54,356 | €67,799 | +€13,443 | +24.7% |
| Income taxes | 67/77 | €15,762 | €20,978 | +€5,215 | +33.1% |
| Profit (loss) for the period | 9904 | €38,593 | €46,821 | +€8,228 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,593 | €46,821 | +€8,228 | +21.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.