MB FRAMERIES: 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.
What changed
MB FRAMERIES
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€336,803
2024 · €354,276-€17,473
Equity
€1.4m
2024 · €1.4m-€3,197
Cash
€38,624
2024 · €21,739+€16,885
Balance sheet total
€3.1m
2024 · €3.2m-€160,492
Largest movements
Assets
- Tangible fixed assets -€103,256
down €103,256 (-7.5%), from €1.4m to €1.3m
of which Land and buildings: -€100,266
- Stocks and contracts -€40,419
down €40,419 (-2.5%), from €1.6m to €1.5m
- Receivables within one year -€35,826
down €35,826 (-18.9%), from €189,502 to €153,675
of which Trade receivables: -€19,460
Equity and liabilities
- Other debts +€352,437
up €352,437 (+35.5%), from €994,168 to €1.3m
- Debts after one year -€351,760
down €351,760 (-100.0%), from €351,760 to €0
- Current portion of long-term debt -€162,720
down €162,720 (-100.0%), from €162,720 to €0
Income statement
- Staff costs +€99,746
up €99,746 (+21.3%), from €468,190 to €567,936
- Services and other goods -€78,261
down €78,261 (-14.4%), from €541,978 to €463,717
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.
Result 2024
€354,276
Turnover
-€1,268
Other operating income
+€3,282
Goods and materials
-€18,453
Services and other goods
+€78,261
Staff costs
-€99,746
Depreciation
+€685
Other operating charges
+€5,508
Financial income
-€163
Financial charges
+€13,930
Taxes
+€490
Result 2025
€336,803
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.
From operations
+€889,240
Investment
-€17,875
Financing
-€854,480
Cash 2024
€21,739
From operations (derived)
+€889,240
Net result for the year
+€336,803
Depreciation
+€121,130
Stocks and contracts
+€40,419
Receivables within one year
+€35,826
Deferred charges and accrued income
-€2,124
Provisions
-€3,250
Trade debts
-€8,282
Tax, wage and social debts
+€13,094
Advances received
+€4,153
Other debts
+€352,437
Accrued charges and deferred income
-€968
Investment (derived)
-€17,875
Investment in fixed assets (net)
-€17,875
Financing
-€854,480
Debts after one year
-€351,760
Current portion of long-term debt
-€162,720
Contributions, distributions and other
-€340,000
Cash 2025
€38,624
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,245,062 | €3,084,570 | -€160,492 | -4.9% |
| Fixed assets | 21/28 | €1,445,272 | €1,342,016 | -€103,256 | -7.1% |
| Tangible fixed assets | 22/27 | €1,385,713 | €1,282,457 | -€103,256 | -7.5% |
| Land and buildings | 22 | €1,291,265 | €1,190,999 | -€100,266 | -7.8% |
| Plant, machinery and equipment | 23 | €93,924 | €91,458 | -€2,466 | -2.6% |
| Furniture and vehicles | 24 | €523 | €0 | -€523 | -100.0% |
| Financial fixed assets | 28 | €59,559 | €59,559 | = | 0.0% |
| Other financial fixed assets | 284/8 | €59,559 | €59,559 | = | 0.0% |
| Shares | 284 | €59,559 | €59,559 | = | 0.0% |
| Current assets | 29/58 | €1,799,791 | €1,742,554 | -€57,236 | -3.2% |
| Stocks and contracts in progress | 3 | €1,588,379 | €1,547,960 | -€40,419 | -2.5% |
| Stocks | 30/36 | €1,588,379 | €1,547,960 | -€40,419 | -2.5% |
| Goods purchased for resale | 34 | €1,588,379 | €1,547,960 | -€40,419 | -2.5% |
| Amounts receivable within one year | 40/41 | €189,502 | €153,675 | -€35,826 | -18.9% |
| Trade receivables | 40 | €172,930 | €153,470 | -€19,460 | -11.3% |
| Other amounts receivable | 41 | €16,572 | €206 | -€16,366 | -98.8% |
| Cash at bank and in hand | 54/58 | €21,739 | €38,624 | +€16,885 | +77.7% |
| Deferred charges and accrued income | 490/1 | €171 | €2,295 | +€2,124 | +1242.4% |
| Total equity and liabilities | 10/49 | €3,245,062 | €3,084,570 | -€160,492 | -4.9% |
| Equity | 10/15 | €1,377,475 | €1,374,278 | -€3,197 | -0.2% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,253,475 | €1,250,278 | -€3,197 | -0.3% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,664 | €61,913 | -€9,751 | -13.6% |
| Distributable reserves | 133 | €1,169,411 | €1,175,965 | +€6,554 | +0.6% |
| Provisions and deferred taxes | 16 | €23,888 | €20,638 | -€3,250 | -13.6% |
| Deferred taxes | 168 | €23,888 | €20,638 | -€3,250 | -13.6% |
| Amounts payable | 17/49 | €1,843,699 | €1,689,655 | -€154,045 | -8.4% |
| Amounts payable after more than one year | 17 | €351,760 | €0 | -€351,760 | -100.0% |
| Financial debts | 170/4 | €351,760 | €0 | -€351,760 | -100.0% |
| Credit institutions | 173 | €351,760 | €0 | -€351,760 | -100.0% |
| Amounts payable within one year | 42/48 | €1,490,972 | €1,689,655 | +€198,683 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €162,720 | €0 | -€162,720 | -100.0% |
| Trade debts | 44 | €274,278 | €265,996 | -€8,282 | -3.0% |
| Suppliers | 440/4 | €274,278 | €265,996 | -€8,282 | -3.0% |
| Advances received on contracts in progress | 46 | - | €4,153 | +€4,153 | |
| Taxes, remuneration and social security | 45 | €59,806 | €72,900 | +€13,094 | +21.9% |
| Taxes | 450/3 | - | €3,146 | +€3,146 | |
| Remuneration and social security | 454/9 | €59,806 | €69,754 | +€9,948 | +16.6% |
| Other amounts payable | 47/48 | €994,168 | €1,346,605 | +€352,437 | +35.5% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Operating income | 70/76A | €4,247,470 | €4,249,484 | +€2,014 | 0.0% |
| Turnover | 70 | €4,229,416 | €4,228,148 | -€1,268 | 0.0% |
| Other operating income | 74 | €18,054 | €21,336 | +€3,282 | +18.2% |
| Operating charges | 60/66A | €3,786,035 | €3,819,781 | +€33,745 | +0.9% |
| Goods for resale, raw materials and consumables | 60 | €2,609,166 | €2,627,619 | +€18,453 | +0.7% |
| Purchases | 600/8 | €2,591,126 | €2,587,200 | -€3,926 | -0.2% |
| Change in stocks: decrease (increase) | 609 | €18,040 | €40,419 | +€22,379 | +124.1% |
| Services and other goods | 61 | €541,978 | €463,717 | -€78,261 | -14.4% |
| Remuneration, social security and pensions | 62 | €468,190 | €567,936 | +€99,746 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,816 | €121,130 | -€685 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €44,886 | €39,378 | -€5,508 | -12.3% |
| Operating profit (loss) | 9901 | €461,434 | €429,703 | -€31,731 | -6.9% |
| Financial income | 75/76B | €2,633 | €2,470 | -€163 | -6.2% |
| Recurring financial income | 75 | €2,633 | €2,470 | -€163 | -6.2% |
| Income from financial fixed assets | 750 | €1,860 | €1,768 | -€92 | -5.0% |
| Other financial income | 752/9 | €773 | €702 | -€71 | -9.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €46,633 | €32,703 | -€13,930 | -29.9% |
| Recurring financial charges | 65 | €46,633 | €32,703 | -€13,930 | -29.9% |
| Debt charges | 650 | €30,983 | €15,963 | -€15,020 | -48.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €1,229 | +€1,229 | |
| Other financial charges | 652/9 | €15,650 | €15,511 | -€139 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €417,434 | €399,470 | -€17,964 | -4.3% |
| Transfer from deferred taxes | 780 | €3,250 | €3,250 | = | 0.0% |
| Income taxes | 67/77 | €66,408 | €65,918 | -€490 | -0.7% |
| Taxes | 670/3 | €66,408 | €65,918 | -€490 | -0.7% |
| Profit (loss) for the period | 9904 | €354,276 | €336,803 | -€17,473 | -4.9% |
| Transfer from tax-exempt reserves | 789 | €9,751 | €9,751 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €364,028 | €346,554 | -€17,473 | -4.8% |
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 9 October 2026 via checked.be.