MB'dt Consult: 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'dt Consult
Largest movements
- Cash +€34,503
up €34,503 (+65.5%), from €52,676 to €87,179
mainly Net result for the year (+€39,334) and Depreciation (+€22,972)
- Tangible fixed assets -€4,418
down €4,418 (-2.1%), from €215,044 to €210,626
of which Land and buildings: -€14,794
- Receivables within one year -€3,583
down €3,583 (-10.3%), from €34,719 to €31,137
of which Trade receivables: -€20,207
- Reserves +€39,334
up €39,334 (+17.0%), from €231,537 to €270,870
of which Distributable reserves: +€39,334
- Debts after one year -€26,418
down €26,418 (-70.4%), from €37,532 to €11,115
- Other debts +€12,154
up €12,154 (+196%), from €6,188 to €18,342
- Trade debts -€4,524
down €4,524 (-75.3%), from €6,005 to €1,481
- Tax, wage and social debts +€3,799
up €3,799 (+41.4%), from €9,170 to €12,969
- Gross operating margin +€47,660
up €47,660 (+87.9%), from €54,197 to €101,857
- Taxes +€11,037
up €11,037 (+133%), from €8,268 to €19,306
- Other operating charges +€2,929
up €2,929 (+36.3%), from €8,076 to €11,005
- Financial charges +€2,196
up €2,196 (+42.1%), from €5,212 to €7,407
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 | €329,822 | €356,184 | +€26,362 | +8.0% |
| Fixed assets | 21/28 | €238,544 | €234,126 | -€4,418 | -1.9% |
| Tangible fixed assets | 22/27 | €215,044 | €210,626 | -€4,418 | -2.1% |
| Land and buildings | 22 | €199,418 | €184,624 | -€14,794 | -7.4% |
| Plant, machinery and equipment | 23 | €633 | €4,095 | +€3,462 | +547% |
| Furniture and vehicles | 24 | €8,838 | €15,752 | +€6,914 | +78.2% |
| Other tangible fixed assets | 26 | €6,156 | €6,156 | = | 0.0% |
| Financial fixed assets | 28 | €23,500 | €23,500 | = | 0.0% |
| Current assets | 29/58 | €91,278 | €122,058 | +€30,780 | +33.7% |
| Amounts receivable within one year | 40/41 | €34,719 | €31,137 | -€3,583 | -10.3% |
| Trade receivables | 40 | €20,384 | €177 | -€20,207 | -99.1% |
| Other amounts receivable | 41 | €14,335 | €30,960 | +€16,625 | +116% |
| Cash at bank and in hand | 54/58 | €52,676 | €87,179 | +€34,503 | +65.5% |
| Deferred charges and accrued income | 490/1 | €3,883 | €3,743 | -€140 | -3.6% |
| Total equity and liabilities | 10/49 | €329,822 | €356,184 | +€26,362 | +8.0% |
| Equity | 10/15 | €243,937 | €283,270 | +€39,334 | +16.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €231,537 | €270,870 | +€39,334 | +17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €229,677 | €269,010 | +€39,334 | +17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,885 | €72,913 | -€12,972 | -15.1% |
| Amounts payable after more than one year | 17 | €37,532 | €11,115 | -€26,418 | -70.4% |
| Financial debts | 170/4 | €37,532 | €11,115 | -€26,418 | -70.4% |
| Amounts payable within one year | 42/48 | €48,353 | €61,799 | +€13,446 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €26,059 | €26,418 | +€359 | +1.4% |
| Financial debts | 43 | €931 | €2,589 | +€1,658 | +178% |
| Credit institutions | 430/8 | €931 | €2,589 | +€1,658 | +178% |
| Trade debts | 44 | €6,005 | €1,481 | -€4,524 | -75.3% |
| Suppliers | 440/4 | €6,005 | €1,481 | -€4,524 | -75.3% |
| Taxes, remuneration and social security | 45 | €9,170 | €12,969 | +€3,799 | +41.4% |
| Taxes | 450/3 | €9,170 | €12,969 | +€3,799 | +41.4% |
| Other amounts payable | 47/48 | €6,188 | €18,342 | +€12,154 | +196% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,418 | €22,972 | +€554 | +2.5% |
| Other operating charges | 640/8 | €8,076 | €11,005 | +€2,929 | +36.3% |
| Non-recurring operating charges | 66A | - | €1,833 | +€1,833 | |
| Gross operating margin | 9900 | €54,197 | €101,857 | +€47,660 | +87.9% |
| Operating profit (loss) | 9901 | €23,703 | €66,047 | +€42,344 | +179% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,212 | €7,407 | +€2,196 | +42.1% |
| Recurring financial charges | 65 | €5,212 | €7,407 | +€2,196 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €18,491 | €58,639 | +€40,148 | +217% |
| Income taxes | 67/77 | €8,268 | €19,306 | +€11,037 | +133% |
| Profit (loss) for the period | 9904 | €10,223 | €39,334 | +€29,111 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €10,223 | €39,334 | +€29,111 | +285% |
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 31 October 2026 via checked.be.