MB GROUP 3: 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 GROUP 3
Largest movements
- Receivables within one year -€27,268
down €27,268 (-23.6%), from €115,674 to €88,406
of which Trade receivables: -€29,231
- Cash +€17,482
new in 2025: €17,482
mainly Receivables within one year (+€27,268) and Net result for the year (+€19,787)
- Tangible fixed assets -€2,140
down €2,140 (-43.6%), from €4,906 to €2,766
of which Furniture and vehicles: -€1,941
- Profit (loss) carried forward +€19,787
up €19,787 (+67.5%), from -€29,320 to -€9,533
- Trade debts -€13,871
down €13,871 (-98.6%), from €14,064 to €193
- Other debts -€13,570
down €13,570 (-17.6%), from €77,204 to €63,634
- Tax, wage and social debts -€3,052
down €3,052 (-29.4%), from €10,379 to €7,327
of which Remuneration and social security: -€2,632
- Gross operating margin +€21,821
up €21,821 (+96.1%), from €22,703 to €44,524
- Write-downs -€8,900
down €8,900 (-30.8%), from €28,900 to €20,000
- Taxes +€4,709
up €4,709, from -€4,604 to €105
- Financial charges -€2,820
down €2,820 (-87.3%), from €3,230 to €410
- Other operating charges -€1,161
down €1,161 (-84.4%), from €1,376 to €215
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 | €121,562 | €109,842 | -€11,720 | -9.6% |
| Fixed assets | 21/28 | €5,263 | €3,123 | -€2,140 | -40.7% |
| Tangible fixed assets | 22/27 | €4,906 | €2,766 | -€2,140 | -43.6% |
| Plant, machinery and equipment | 23 | €200 | - | -€200 | |
| Furniture and vehicles | 24 | €4,706 | €2,766 | -€1,941 | -41.2% |
| Financial fixed assets | 28 | €357 | €357 | = | 0.0% |
| Current assets | 29/58 | €116,299 | €106,719 | -€9,580 | -8.2% |
| Amounts receivable within one year | 40/41 | €115,674 | €88,406 | -€27,268 | -23.6% |
| Trade receivables | 40 | €115,429 | €86,198 | -€29,231 | -25.3% |
| Other amounts receivable | 41 | €245 | €2,208 | +€1,963 | +801% |
| Cash at bank and in hand | 54/58 | - | €17,482 | +€17,482 | |
| Deferred charges and accrued income | 490/1 | €625 | €831 | +€206 | +32.9% |
| Total equity and liabilities | 10/49 | €121,562 | €109,842 | -€11,720 | -9.6% |
| Equity | 10/15 | €18,901 | €38,688 | +€19,787 | +105% |
| Contributions | 10/11 | €6,975 | €6,975 | = | 0.0% |
| Reserves | 13 | €41,245 | €41,245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,093 | €2,093 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,093 | €2,093 | = | 0.0% |
| Distributable reserves | 133 | €39,153 | €39,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,320 | -€9,533 | +€19,787 | +67.5% |
| Amounts payable | 17/49 | €102,661 | €71,154 | -€31,507 | -30.7% |
| Amounts payable within one year | 42/48 | €102,661 | €71,154 | -€31,507 | -30.7% |
| Financial debts | 43 | €1,013 | - | -€1,013 | |
| Credit institutions | 430/8 | €1,013 | - | -€1,013 | |
| Trade debts | 44 | €14,064 | €193 | -€13,871 | -98.6% |
| Suppliers | 440/4 | €14,064 | €193 | -€13,871 | -98.6% |
| Taxes, remuneration and social security | 45 | €10,379 | €7,327 | -€3,052 | -29.4% |
| Taxes | 450/3 | €3,381 | €2,961 | -€420 | -12.4% |
| Remuneration and social security | 454/9 | €6,998 | €4,366 | -€2,632 | -37.6% |
| Other amounts payable | 47/48 | €77,204 | €63,634 | -€13,570 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €4,173 | +€423 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,900 | €20,000 | -€8,900 | -30.8% |
| Other operating charges | 640/8 | €1,376 | €215 | -€1,161 | -84.4% |
| Non-recurring operating charges | 66A | - | €27 | +€27 | |
| Gross operating margin | 9900 | €22,703 | €44,524 | +€21,821 | +96.1% |
| Operating profit (loss) | 9901 | -€11,323 | €20,108 | +€31,431 | |
| Financial income | 75/76B | €11 | €193 | +€183 | +1,673% |
| Recurring financial income | 75 | €11 | €193 | +€183 | +1,673% |
| Financial charges | 65/66B | €3,230 | €410 | -€2,820 | -87.3% |
| Recurring financial charges | 65 | €3,230 | €410 | -€2,820 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,541 | €19,892 | +€34,433 | |
| Income taxes | 67/77 | -€4,604 | €105 | +€4,709 | |
| Profit (loss) for the period | 9904 | -€9,938 | €19,787 | +€29,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,938 | €19,787 | +€29,725 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.