MB Finance: 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 Finance
Largest movements
- Tangible fixed assets +€266,720
up €266,720 (+752%), from €35,449 to €302,170
of which Land and buildings: +€263,774
- Debts after one year +€207,458
up €207,458 (+1,541%), from €13,459 to €220,916
- Other debts +€73,701
up €73,701 (+1,631%), from €4,519 to €78,220
- Profit (loss) carried forward -€26,608
new in 2025: -€26,608
- Current portion of long-term debt +€13,069
up €13,069 (+214%), from €6,119 to €19,187
- Depreciation +€41,933
up €41,933 (+554%), from €7,574 to €49,507
- Gross operating margin +€11,113
up €11,113 (+57.4%), from €19,356 to €30,468
- Financial charges +€5,892
up €5,892 (+539%), from €1,092 to €6,984
- Taxes -€3,445
down €3,445 (-91.0%), from €3,787 to €343
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 | €47,173 | €315,035 | +€267,863 | +568% |
| Fixed assets | 21/28 | €35,449 | €302,170 | +€266,720 | +752% |
| Tangible fixed assets | 22/27 | €35,449 | €302,170 | +€266,720 | +752% |
| Land and buildings | 22 | €11,282 | €275,056 | +€263,774 | +2,338% |
| Furniture and vehicles | 24 | €24,168 | €27,114 | +€2,946 | +12.2% |
| Current assets | 29/58 | €11,723 | €12,866 | +€1,142 | +9.7% |
| Amounts receivable within one year | 40/41 | €625 | €169 | -€456 | -73.0% |
| Trade receivables | 40 | €605 | €149 | -€456 | -75.4% |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,779 | €12,377 | +€1,598 | +14.8% |
| Deferred charges and accrued income | 490/1 | €320 | €320 | = | 0.0% |
| Total equity and liabilities | 10/49 | €47,173 | €315,035 | +€267,863 | +568% |
| Equity | 10/15 | €9,408 | -€17,200 | -€26,608 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,408 | €6,408 | = | 0.0% |
| Distributable reserves | 133 | €6,408 | €6,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,608 | -€26,608 | |
| Amounts payable | 17/49 | €37,765 | €332,235 | +€294,471 | +780% |
| Amounts payable after more than one year | 17 | €13,459 | €220,916 | +€207,458 | +1,541% |
| Financial debts | 170/4 | €13,459 | €220,916 | +€207,458 | +1,541% |
| Amounts payable within one year | 42/48 | €24,306 | €111,319 | +€87,013 | +358% |
| Current portion of amounts payable after more than one year | 42 | €6,119 | €19,187 | +€13,069 | +214% |
| Financial debts | 43 | - | €234 | +€234 | |
| Credit institutions | 430/8 | - | €234 | +€234 | |
| Trade debts | 44 | €979 | €607 | -€372 | -38.0% |
| Suppliers | 440/4 | €979 | €607 | -€372 | -38.0% |
| Taxes, remuneration and social security | 45 | €12,690 | €13,071 | +€381 | +3.0% |
| Taxes | 450/3 | €12,690 | €13,071 | +€381 | +3.0% |
| Other amounts payable | 47/48 | €4,519 | €78,220 | +€73,701 | +1,631% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,574 | €49,507 | +€41,933 | +554% |
| Other operating charges | 640/8 | €494 | €245 | -€249 | -50.4% |
| Gross operating margin | 9900 | €19,356 | €30,468 | +€11,113 | +57.4% |
| Operating profit (loss) | 9901 | €11,288 | -€19,283 | -€30,571 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +4,825% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +4,825% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,092 | €6,984 | +€5,892 | +539% |
| Recurring financial charges | 65 | €1,092 | €6,984 | +€5,892 | +539% |
| Profit (loss) for the period before taxes | 9903 | €10,196 | -€26,265 | -€36,461 | |
| Income taxes | 67/77 | €3,787 | €343 | -€3,445 | -91.0% |
| Profit (loss) for the period | 9904 | €6,408 | -€26,608 | -€33,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,408 | -€26,608 | -€33,016 |
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 20 October 2026 via checked.be.