MB HOLDING: 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 HOLDING
Largest movements
- Intangible fixed assets -€98,305
down €98,305 (-33.3%), from €294,914 to €196,609
- Receivables within one year -€89,123
down €89,123 (-29.5%), from €302,256 to €213,134
of which Trade receivables: -€123,000
- Cash +€32,093
up €32,093 (+732.2%), from €4,383 to €36,476
mainly Depreciation (+€98,305) and Receivables within one year (+€89,123)
- Trade debts -€108,000
down €108,000 (-25.4%), from €425,875 to €317,875
- Reserves -€98,305
down €98,305 (-24.0%), from €408,871 to €310,566
of which Tax-exempt reserves: -€98,305
- Profit (loss) carried forward +€61,634
up €61,634 (+15.6%), from -€396,330 to -€334,696
- Turnover +€588,000
new in 2025: €588,000
- Services and other goods +€375,943
new in 2025: €375,943
- Gross operating margin -€261,090
no longer reported in 2025 (was €261,090)
- Financial charges +€7,373
up €7,373 (+11.6%), from €63,596 to €70,968
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 | €2,465,113 | €2,312,050 | -€153,063 | -6.2% |
| Fixed assets | 21/28 | €2,158,474 | €2,060,169 | -€98,305 | -4.6% |
| Intangible fixed assets | 21 | €294,914 | €196,609 | -€98,305 | -33.3% |
| Financial fixed assets | 28 | €1,863,560 | €1,863,560 | = | 0.0% |
| Affiliated companies | 280/1 | - | €1,863,560 | +€1.9m | |
| Participating interests | 280 | - | €1,863,560 | +€1.9m | |
| Current assets | 29/58 | €306,640 | €251,881 | -€54,758 | -17.9% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €302,256 | €213,134 | -€89,123 | -29.5% |
| Trade receivables | 40 | €283,000 | €160,000 | -€123,000 | -43.5% |
| Other amounts receivable | 41 | €19,256 | €53,134 | +€33,877 | +175.9% |
| Cash at bank and in hand | 54/58 | €4,383 | €36,476 | +€32,093 | +732.2% |
| Deferred charges and accrued income | 490/1 | - | €2,271 | +€2,271 | |
| Total equity and liabilities | 10/49 | €2,465,113 | €2,312,050 | -€153,063 | -6.2% |
| Equity | 10/15 | €1,012,541 | €975,870 | -€36,670 | -3.6% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €408,871 | €310,566 | -€98,305 | -24.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €294,914 | €196,609 | -€98,305 | -33.3% |
| Distributable reserves | 133 | €113,957 | €113,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,330 | -€334,696 | +€61,634 | +15.6% |
| Amounts payable | 17/49 | €1,452,573 | €1,336,180 | -€116,392 | -8.0% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Other loans | 174 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €908,382 | €787,634 | -€120,748 | -13.3% |
| Financial debts | 43 | €395,000 | €380,000 | -€15,000 | -3.8% |
| Other loans | 439 | €395,000 | €380,000 | -€15,000 | -3.8% |
| Trade debts | 44 | €425,875 | €317,875 | -€108,000 | -25.4% |
| Suppliers | 440/4 | €425,875 | €317,875 | -€108,000 | -25.4% |
| Taxes, remuneration and social security | 45 | €18,939 | €21,190 | +€2,252 | +11.9% |
| Taxes | 450/3 | €18,939 | €21,190 | +€2,252 | +11.9% |
| Other amounts payable | 47/48 | €68,568 | €68,568 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €44,190 | €48,546 | +€4,356 | +9.9% |
| Operating income | 70/76A | - | €588,000 | +€588,000 | |
| Turnover | 70 | - | €588,000 | +€588,000 | |
| Operating charges | 60/66A | - | €475,429 | +€475,429 | |
| Services and other goods | 61 | - | €375,943 | +€375,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,305 | €98,305 | = | 0.0% |
| Other operating charges | 640/8 | €1,323 | €1,181 | -€142 | -10.7% |
| Gross operating margin | 9900 | €261,090 | - | -€261,090 | |
| Operating profit (loss) | 9901 | €161,462 | €112,571 | -€48,891 | -30.3% |
| Financial income | 75/76B | - | €2,271 | +€2,271 | |
| Recurring financial income | 75 | - | €2,271 | +€2,271 | |
| Income from current assets | 751 | - | €2,271 | +€2,271 | |
| Financial charges | 65/66B | €63,596 | €70,968 | +€7,373 | +11.6% |
| Recurring financial charges | 65 | €63,596 | €70,968 | +€7,373 | +11.6% |
| Debt charges | 650 | - | €70,634 | +€70,634 | |
| Other financial charges | 652/9 | - | €334 | +€334 | |
| Profit (loss) for the period before taxes | 9903 | €97,867 | €43,874 | -€53,992 | -55.2% |
| Income taxes | 67/77 | €21,543 | €20,545 | -€998 | -4.6% |
| Taxes | 670/3 | - | €20,545 | +€20,545 | |
| Profit (loss) for the period | 9904 | €76,324 | €23,330 | -€52,994 | -69.4% |
| Transfer from tax-exempt reserves | 789 | €98,305 | €98,305 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,628 | €121,634 | -€52,994 | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.