MB GENVAL: 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 GENVAL
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€164,911
2024 · €266,668-€101,757
Equity
€955,807
2024 · €953,934+€1,872
Cash
€14,723
2024 · €20,688-€5,965
Balance sheet total
€1.7m
2024 · €1.7m-€24,108
Largest movements
Assets
- Stocks and contracts -€39,971
down €39,971 (-4.5%), from €879,470 to €839,498
Equity and liabilities
- Other debts -€46,283
down €46,283 (-7.4%), from €622,370 to €576,087
- Trade debts +€42,553
up €42,553 (+36.6%), from €116,144 to €158,698
Income statement
- Turnover -€133,356
down €133,356 (-6.1%), from €2.2m to €2.1m
- Services and other goods +€56,844
up €56,844 (+21.3%), from €266,738 to €323,582
- Goods and materials -€40,253
down €40,253 (-3.1%), from €1.3m to €1.3m
of which Purchases: -€75,395
- Staff costs -€32,495
down €32,495 (-11.4%), from €285,876 to €253,381
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
€266,668
Turnover
-€133,356
Other operating income
-€4,712
Goods and materials
+€40,253
Services and other goods
-€56,844
Staff costs
+€32,495
Depreciation
-€1,822
Other operating charges
+€4,245
Financial income
+€1,387
Financial charges
-€2,500
Taxes
+€19,095
Result 2025
€164,911
raises the resultlowers the result
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.
From operations
+€177,880
Investment
-€20,807
Financing
-€163,039
Cash 2024
€20,688
From operations (derived)
+€177,880
Net result for the year
+€164,911
Depreciation
+€22,451
Stocks and contracts
+€39,971
Receivables within one year
-€16,173
Deferred charges and accrued income
-€7,300
Trade debts
+€42,553
Tax, wage and social debts
-€16,283
Other debts
-€46,283
Accrued charges and deferred income
-€5,968
Investment (derived)
-€20,807
Investment in fixed assets (net)
-€20,807
Financing
-€163,039
Contributions, distributions and other
-€163,039
Cash 2025
€14,723
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,744,293 | €1,720,185 | -€24,108 | -1.4% |
| Fixed assets | 21/28 | €737,874 | €736,230 | -€1,644 | -0.2% |
| Tangible fixed assets | 22/27 | €737,874 | €736,230 | -€1,644 | -0.2% |
| Land and buildings | 22 | €660,136 | €656,414 | -€3,722 | -0.6% |
| Plant, machinery and equipment | 23 | €51,344 | €53,374 | +€2,029 | +4.0% |
| Furniture and vehicles | 24 | €26,393 | €26,442 | +€48 | +0.2% |
| Current assets | 29/58 | €1,006,419 | €983,955 | -€22,463 | -2.2% |
| Stocks and contracts in progress | 3 | €879,470 | €839,498 | -€39,971 | -4.5% |
| Stocks | 30/36 | €879,470 | €839,498 | -€39,971 | -4.5% |
| Goods purchased for resale | 34 | €879,470 | €839,498 | -€39,971 | -4.5% |
| Amounts receivable within one year | 40/41 | €102,715 | €118,888 | +€16,173 | +15.7% |
| Trade receivables | 40 | €102,715 | €118,888 | +€16,173 | +15.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,688 | €14,723 | -€5,965 | -28.8% |
| Deferred charges and accrued income | 490/1 | €3,546 | €10,846 | +€7,300 | +206% |
| Total equity and liabilities | 10/49 | €1,744,293 | €1,720,185 | -€24,108 | -1.4% |
| Equity | 10/15 | €953,934 | €955,807 | +€1,872 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €531,004 | €531,004 | = | 0.0% |
| Reserves | 13 | €307,060 | €311,970 | +€4,911 | +1.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €297,060 | €301,970 | +€4,911 | +1.7% |
| Investment grants | 15 | €15,871 | €12,832 | -€3,039 | -19.1% |
| Amounts payable | 17/49 | €790,358 | €764,378 | -€25,980 | -3.3% |
| Amounts payable within one year | 42/48 | €784,391 | €764,378 | -€20,012 | -2.6% |
| Trade debts | 44 | €116,144 | €158,698 | +€42,553 | +36.6% |
| Suppliers | 440/4 | €116,144 | €158,698 | +€42,553 | +36.6% |
| Taxes, remuneration and social security | 45 | €45,876 | €29,594 | -€16,283 | -35.5% |
| Taxes | 450/3 | €14,958 | €4,940 | -€10,019 | -67.0% |
| Remuneration and social security | 454/9 | €30,918 | €24,654 | -€6,264 | -20.3% |
| Other amounts payable | 47/48 | €622,370 | €576,087 | -€46,283 | -7.4% |
| Accrued charges and deferred income | 492/3 | €5,968 | €0 | -€5,968 | -100% |
| Operating income | 70/76A | €2,223,483 | €2,085,415 | -€138,068 | -6.2% |
| Turnover | 70 | €2,186,884 | €2,053,528 | -€133,356 | -6.1% |
| Other operating income | 74 | €36,599 | €31,887 | -€4,712 | -12.9% |
| Operating charges | 60/66A | €1,901,869 | €1,883,541 | -€18,328 | -1.0% |
| Goods for resale, raw materials and consumables | 60 | €1,302,519 | €1,262,265 | -€40,253 | -3.1% |
| Purchases | 600/8 | €1,297,690 | €1,222,294 | -€75,395 | -5.8% |
| Change in stocks: decrease (increase) | 609 | €4,829 | €39,971 | +€35,142 | +728% |
| Services and other goods | 61 | €266,738 | €323,582 | +€56,844 | +21.3% |
| Remuneration, social security and pensions | 62 | €285,876 | €253,381 | -€32,495 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,630 | €22,451 | +€1,822 | +8.8% |
| Other operating charges | 640/8 | €26,106 | €21,861 | -€4,245 | -16.3% |
| Operating profit (loss) | 9901 | €321,614 | €201,874 | -€119,740 | -37.2% |
| Financial income | 75/76B | €3,646 | €5,033 | +€1,387 | +38.0% |
| Recurring financial income | 75 | €3,646 | €5,033 | +€1,387 | +38.0% |
| Other financial income | 752/9 | €3,646 | €5,033 | +€1,387 | +38.0% |
| Financial charges | 65/66B | €9,633 | €12,133 | +€2,500 | +25.9% |
| Recurring financial charges | 65 | €9,633 | €12,133 | +€2,500 | +25.9% |
| Debt charges | 650 | €58 | €44 | -€15 | -25.2% |
| Other financial charges | 652/9 | €9,575 | €12,089 | +€2,514 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €315,627 | €194,775 | -€120,853 | -38.3% |
| Income taxes | 67/77 | €48,959 | €29,864 | -€19,095 | -39.0% |
| Taxes | 670/3 | €48,959 | €29,940 | -€19,020 | -38.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €76 | +€76 | |
| Profit (loss) for the period | 9904 | €266,668 | €164,911 | -€101,757 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €266,668 | €164,911 | -€101,757 | -38.2% |
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 26 October 2026 via checked.be.