MB ELECTRONICS MANAGEMENT: 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 ELECTRONICS MANAGEMENT
Largest movements
- Cash +€23,944
up €23,944 (+447.4%), from €5,351 to €29,295
mainly Net result for the year (+€43,886) and Other debts (+€23,000)
- Receivables within one year -€12,392
down €12,392 (-34.9%), from €35,474 to €23,082
of which Trade receivables: -€11,720
- Receivables after one year +€4,022
up €4,022 (+4.5%), from €90,189 to €94,211
- Other debts +€23,000
new in 2025: €23,000
- Profit (loss) carried forward +€20,886
up €20,886, from -€5,345 to €15,541
- Advances received -€7,878
down €7,878 (-78.8%), from €10,000 to €2,122
- Tax, wage and social debts -€6,862
down €6,862 (-37.7%), from €18,180 to €11,319
of which Remuneration and social security: -€4,274
- Trade debts -€4,016
down €4,016 (-17.4%), from €23,061 to €19,046
- Gross operating margin +€55,131
up €55,131 (+848.8%), from €6,495 to €61,626
- Taxes +€5,696
up €5,696 (+222.9%), from €2,556 to €8,251
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 | €139,433 | €155,190 | +€15,757 | +11.3% |
| Fixed assets | 21/28 | €6,274 | €7,377 | +€1,103 | +17.6% |
| Tangible fixed assets | 22/27 | €6,274 | €7,377 | +€1,103 | +17.6% |
| Land and buildings | 22 | €2,234 | €1,893 | -€342 | -15.3% |
| Plant, machinery and equipment | 23 | €1,338 | €1,804 | +€466 | +34.9% |
| Furniture and vehicles | 24 | €2,702 | €3,680 | +€979 | +36.2% |
| Current assets | 29/58 | €133,159 | €147,813 | +€14,654 | +11.0% |
| Amounts receivable after more than one year | 29 | €90,189 | €94,211 | +€4,022 | +4.5% |
| Other amounts receivable | 291 | €90,189 | €94,211 | +€4,022 | +4.5% |
| Amounts receivable within one year | 40/41 | €35,474 | €23,082 | -€12,392 | -34.9% |
| Trade receivables | 40 | €32,018 | €20,298 | -€11,720 | -36.6% |
| Other amounts receivable | 41 | €3,456 | €2,784 | -€672 | -19.4% |
| Cash at bank and in hand | 54/58 | €5,351 | €29,295 | +€23,944 | +447.4% |
| Deferred charges and accrued income | 490/1 | €2,146 | €1,226 | -€920 | -42.9% |
| Total equity and liabilities | 10/49 | €139,433 | €155,190 | +€15,757 | +11.3% |
| Equity | 10/15 | €55,046 | €75,932 | +€20,886 | +37.9% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €49,191 | €49,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,249 | €11,249 | = | 0.0% |
| Distributable reserves | 133 | €36,083 | €36,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,345 | €15,541 | +€20,886 | |
| Amounts payable | 17/49 | €84,387 | €79,259 | -€5,128 | -6.1% |
| Amounts payable after more than one year | 17 | €3,333 | - | -€3,333 | |
| Financial debts | 170/4 | €3,333 | - | -€3,333 | |
| Amounts payable within one year | 42/48 | €66,409 | €67,759 | +€1,350 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €15,167 | €12,272 | -€2,895 | -19.1% |
| Trade debts | 44 | €23,061 | €19,046 | -€4,016 | -17.4% |
| Suppliers | 440/4 | €23,061 | €19,046 | -€4,016 | -17.4% |
| Advances received on contracts in progress | 46 | €10,000 | €2,122 | -€7,878 | -78.8% |
| Taxes, remuneration and social security | 45 | €18,180 | €11,319 | -€6,862 | -37.7% |
| Taxes | 450/3 | €12,407 | €9,819 | -€2,588 | -20.9% |
| Remuneration and social security | 454/9 | €5,774 | €1,500 | -€4,274 | -74.0% |
| Other amounts payable | 47/48 | - | €23,000 | +€23,000 | |
| Accrued charges and deferred income | 492/3 | €14,645 | €11,500 | -€3,145 | -21.5% |
| Remuneration, social security and pensions | 62 | €73 | - | -€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,307 | €2,131 | -€176 | -7.6% |
| Other operating charges | 640/8 | €7,848 | €7,658 | -€191 | -2.4% |
| Gross operating margin | 9900 | €6,495 | €61,626 | +€55,131 | +848.8% |
| Operating profit (loss) | 9901 | -€3,733 | €51,838 | +€55,571 | |
| Financial income | 75/76B | €2,405 | €2,305 | -€100 | -4.2% |
| Recurring financial income | 75 | €2,405 | €2,305 | -€100 | -4.2% |
| Financial charges | 65/66B | €1,461 | €2,006 | +€545 | +37.3% |
| Recurring financial charges | 65 | €1,461 | €2,006 | +€545 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,789 | €52,137 | +€54,926 | |
| Income taxes | 67/77 | €2,556 | €8,251 | +€5,696 | +222.9% |
| Profit (loss) for the period | 9904 | -€5,345 | €43,886 | +€49,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,345 | €43,886 | +€49,230 |
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 6 October 2026 via checked.be.