MB DIRECT Trade: 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 DIRECT Trade
Largest movements
- Cash +€8,071
up €8,071 (+4.8%), from €168,099 to €176,170
mainly Trade debts (+€3,956) and Other debts (+€3,147)
- Trade debts +€3,956
up €3,956 (+11.5%), from €34,533 to €38,489
- Other debts +€3,147
up €3,147 (+2.0%), from €153,747 to €156,895
- Gross operating margin -€19,061
down €19,061 (-96.3%), from €19,800 to €738
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €183,546 | €189,590 | +€6,044 | +3.3% |
| Fixed assets | 21/28 | €8,332 | €7,161 | -€1,171 | -14.1% |
| Tangible fixed assets | 22/27 | €7,026 | €5,855 | -€1,171 | -16.7% |
| Plant, machinery and equipment | 23 | €7,026 | €5,855 | -€1,171 | -16.7% |
| Financial fixed assets | 28 | €1,306 | €1,306 | = | 0.0% |
| Current assets | 29/58 | €175,213 | €182,429 | +€7,215 | +4.1% |
| Amounts receivable within one year | 40/41 | €7,115 | €6,258 | -€856 | -12.0% |
| Other amounts receivable | 41 | €7,115 | €6,258 | -€856 | -12.0% |
| Cash at bank and in hand | 54/58 | €168,099 | €176,170 | +€8,071 | +4.8% |
| Total equity and liabilities | 10/49 | €183,546 | €189,590 | +€6,044 | +3.3% |
| Equity | 10/15 | -€4,735 | -€5,794 | -€1,059 | -22.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,735 | -€55,794 | -€1,059 | -1.9% |
| Amounts payable | 17/49 | €188,281 | €195,384 | +€7,103 | +3.8% |
| Amounts payable within one year | 42/48 | €188,281 | €195,384 | +€7,103 | +3.8% |
| Trade debts | 44 | €34,533 | €38,489 | +€3,956 | +11.5% |
| Suppliers | 440/4 | €34,533 | €38,489 | +€3,956 | +11.5% |
| Other amounts payable | 47/48 | €153,747 | €156,895 | +€3,147 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,171 | = | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €19,800 | €738 | -€19,061 | -96.3% |
| Operating profit (loss) | 9901 | €18,241 | -€433 | -€18,674 | |
| Financial charges | 65/66B | €752 | €626 | -€125 | -16.7% |
| Recurring financial charges | 65 | €752 | €626 | -€125 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €17,489 | -€1,059 | -€18,549 | |
| Profit (loss) for the period | 9904 | €17,489 | -€1,059 | -€18,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,489 | -€1,059 | -€18,549 |
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 29 October 2026 via checked.be.