MB Developments: 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 Developments
Largest movements
- Receivables within one year -€321,903
down €321,903 (-96.1%), from €334,825 to €12,922
of which Trade receivables: -€325,173
- Stocks and contracts +€107,387
up €107,387 (+15.1%), from €711,231 to €818,618
- Debts after one year -€220,366
down €220,366 (-37.1%), from €594,639 to €374,273
- Other debts +€104,899
up €104,899 (+38.0%), from €276,390 to €381,289
- Accrued charges and deferred income -€93,263
down €93,263 (-97.6%), from €95,597 to €2,334
- Profit (loss) carried forward +€70,257
up €70,257 (+22.9%), from -€307,224 to -€236,967
- Tax, wage and social debts -€61,515
no longer reported in 2024 (was €61,515)
- Financial charges -€31,863
down €31,863 (-90.4%), from €35,256 to €3,393
- Gross operating margin -€18,676
down €18,676 (-19.9%), from €94,032 to €75,356
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,910,137 | €1,699,455 | -€210,682 | -11.0% |
| Fixed assets | 21/28 | €862,190 | €862,190 | = | 0.0% |
| Tangible fixed assets | 22/27 | €862,190 | €862,190 | = | 0.0% |
| Land and buildings | 22 | €862,190 | €862,190 | = | 0.0% |
| Current assets | 29/58 | €1,047,947 | €837,265 | -€210,682 | -20.1% |
| Stocks and contracts in progress | 3 | €711,231 | €818,618 | +€107,387 | +15.1% |
| Stocks | 30/36 | €711,231 | €818,618 | +€107,387 | +15.1% |
| Amounts receivable within one year | 40/41 | €334,825 | €12,922 | -€321,903 | -96.1% |
| Trade receivables | 40 | €325,741 | €568 | -€325,173 | -99.8% |
| Other amounts receivable | 41 | €9,084 | €12,354 | +€3,270 | +36.0% |
| Cash at bank and in hand | 54/58 | €1,892 | €5,726 | +€3,834 | +203% |
| Total equity and liabilities | 10/49 | €1,910,137 | €1,699,455 | -€210,682 | -11.0% |
| Equity | 10/15 | €865,757 | €936,014 | +€70,257 | +8.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Revaluation surpluses | 12 | €814,642 | €814,642 | = | 0.0% |
| Reserves | 13 | €58,339 | €58,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,252 | €29,252 | = | 0.0% |
| Legal reserve | 130 | €29,252 | €29,252 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,086 | €29,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€307,224 | -€236,967 | +€70,257 | +22.9% |
| Amounts payable | 17/49 | €1,044,380 | €763,441 | -€280,939 | -26.9% |
| Amounts payable after more than one year | 17 | €594,639 | €374,273 | -€220,366 | -37.1% |
| Financial debts | 170/4 | €594,639 | €374,273 | -€220,366 | -37.1% |
| Amounts payable within one year | 42/48 | €354,144 | €386,833 | +€32,689 | +9.2% |
| Trade debts | 44 | €16,239 | €5,545 | -€10,695 | -65.9% |
| Suppliers | 440/4 | €16,239 | €5,545 | -€10,695 | -65.9% |
| Taxes, remuneration and social security | 45 | €61,515 | - | -€61,515 | |
| Taxes | 450/3 | €61,515 | - | -€61,515 | |
| Other amounts payable | 47/48 | €276,390 | €381,289 | +€104,899 | +38.0% |
| Accrued charges and deferred income | 492/3 | €95,597 | €2,334 | -€93,263 | -97.6% |
| Other operating charges | 640/8 | €2,074 | €1,706 | -€368 | -17.7% |
| Gross operating margin | 9900 | €94,032 | €75,356 | -€18,676 | -19.9% |
| Operating profit (loss) | 9901 | €91,958 | €73,650 | -€18,308 | -19.9% |
| Financial charges | 65/66B | €35,256 | €3,393 | -€31,863 | -90.4% |
| Recurring financial charges | 65 | €35,256 | €3,393 | -€31,863 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €56,702 | €70,257 | +€13,555 | +23.9% |
| Profit (loss) for the period | 9904 | €56,702 | €70,257 | +€13,555 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,702 | €70,257 | +€13,555 | +23.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.