MB Distribution: 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 Distribution
Largest movements
- Cash -€97,941
down €97,941 (-31.0%), from €316,442 to €218,502
mainly Receivables within one year (-€51,559) and Stocks and contracts (-€41,310)
- Receivables within one year +€51,559
up €51,559 (+40.1%), from €128,623 to €180,182
of which Trade receivables: +€64,189
- Stocks and contracts +€41,310
new in 2025: €41,310
- Tangible fixed assets -€12,549
down €12,549 (-39.2%), from €32,009 to €19,459
of which Leasing and similar rights: -€11,488
- Tax, wage and social debts -€15,749
down €15,749 (-18.3%), from €86,211 to €70,462
- Trade debts +€12,658
up €12,658 (+5.5%), from €228,728 to €241,386
- Debts after one year -€7,393
no longer reported in 2025 (was €7,393)
- Current portion of long-term debt -€5,042
down €5,042 (-40.5%), from €12,435 to €7,393
- Turnover +€331,887
up €331,887 (+19.7%), from €1.7m to €2.0m
- Goods and materials +€305,788
up €305,788 (+27.9%), from €1.1m to €1.4m
of which Purchases: +€347,097
- Services and other goods +€53,903
up €53,903 (+11.4%), from €474,133 to €528,035
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 | €477,074 | €462,470 | -€14,604 | -3.1% |
| Fixed assets | 21/28 | €32,009 | €19,459 | -€12,549 | -39.2% |
| Tangible fixed assets | 22/27 | €32,009 | €19,459 | -€12,549 | -39.2% |
| Furniture and vehicles | 24 | €1,573 | €512 | -€1,061 | -67.5% |
| Leasing and similar rights | 25 | €30,436 | €18,948 | -€11,488 | -37.7% |
| Current assets | 29/58 | €445,065 | €443,010 | -€2,055 | -0.5% |
| Stocks and contracts in progress | 3 | - | €41,310 | +€41,310 | |
| Stocks | 30/36 | - | €41,310 | +€41,310 | |
| Goods purchased for resale | 34 | - | €41,310 | +€41,310 | |
| Amounts receivable within one year | 40/41 | €128,623 | €180,182 | +€51,559 | +40.1% |
| Trade receivables | 40 | €69,551 | €133,740 | +€64,189 | +92.3% |
| Other amounts receivable | 41 | €59,072 | €46,442 | -€12,630 | -21.4% |
| Cash at bank and in hand | 54/58 | €316,442 | €218,502 | -€97,941 | -31.0% |
| Deferred charges and accrued income | 490/1 | - | €3,017 | +€3,017 | |
| Total equity and liabilities | 10/49 | €477,074 | €462,470 | -€14,604 | -3.1% |
| Equity | 10/15 | €116,593 | €117,090 | +€497 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,142 | €96,639 | +€497 | +0.5% |
| Amounts payable | 17/49 | €360,481 | €345,379 | -€15,102 | -4.2% |
| Amounts payable after more than one year | 17 | €7,393 | - | -€7,393 | |
| Financial debts | 170/4 | €7,393 | - | -€7,393 | |
| Leasing and similar obligations | 172 | €7,393 | - | -€7,393 | |
| Amounts payable within one year | 42/48 | €353,088 | €345,379 | -€7,709 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €12,435 | €7,393 | -€5,042 | -40.5% |
| Trade debts | 44 | €228,728 | €241,386 | +€12,658 | +5.5% |
| Suppliers | 440/4 | €228,728 | €241,386 | +€12,658 | +5.5% |
| Taxes, remuneration and social security | 45 | €86,211 | €70,462 | -€15,749 | -18.3% |
| Taxes | 450/3 | €86,211 | €70,462 | -€15,749 | -18.3% |
| Other amounts payable | 47/48 | €25,714 | €26,138 | +€424 | +1.6% |
| Operating income | 70/76A | €1,695,982 | €2,028,341 | +€332,359 | +19.6% |
| Turnover | 70 | €1,685,761 | €2,017,648 | +€331,887 | +19.7% |
| Other operating income | 74 | €10,221 | €10,693 | +€472 | +4.6% |
| Operating charges | 60/66A | €1,587,317 | €1,945,644 | +€358,327 | +22.6% |
| Goods for resale, raw materials and consumables | 60 | €1,096,837 | €1,402,624 | +€305,788 | +27.9% |
| Purchases | 600/8 | €1,096,837 | €1,443,934 | +€347,097 | +31.6% |
| Change in stocks: decrease (increase) | 609 | - | -€41,310 | -€41,310 | |
| Services and other goods | 61 | €474,133 | €528,035 | +€53,903 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,827 | €12,549 | -€278 | -2.2% |
| Other operating charges | 640/8 | €3,521 | €2,436 | -€1,085 | -30.8% |
| Operating profit (loss) | 9901 | €108,665 | €82,696 | -€25,968 | -23.9% |
| Financial income | 75/76B | €138 | €2 | -€136 | -98.4% |
| Recurring financial income | 75 | €138 | €2 | -€136 | -98.4% |
| Income from current assets | 751 | €138 | - | -€138 | |
| Other financial income | 752/9 | €0 | €2 | +€2 | +609.7% |
| Financial charges | 65/66B | €43,534 | €43,784 | +€250 | +0.6% |
| Recurring financial charges | 65 | €43,534 | €43,784 | +€250 | +0.6% |
| Debt charges | 650 | €758 | €423 | -€335 | -44.2% |
| Other financial charges | 652/9 | €42,776 | €43,361 | +€585 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €65,269 | €38,915 | -€26,354 | -40.4% |
| Income taxes | 67/77 | €19,715 | €12,703 | -€7,012 | -35.6% |
| Taxes | 670/3 | €20,000 | €20,000 | = | 0.0% |
| Tax adjustments and reversals of tax provisions | 77 | €285 | €7,297 | +€7,012 | +2461.6% |
| Profit (loss) for the period | 9904 | €45,554 | €26,212 | -€19,342 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,554 | €26,212 | -€19,342 | -42.5% |
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 5 October 2026 via checked.be.