MB IMMO: 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 IMMO
Largest movements
- Stocks and contracts +€6.9m
up €6.9m (+33.5%), from €20.7m to €27.6m
- Cash -€723,909
down €723,909 (-65.6%), from €1.1m to €380,417
mainly Stocks and contracts (-€6.9m) and Trade debts (-€253,024)
- Other debts +€5.1m
up €5.1m (+62.7%), from €8.1m to €13.2m
- Reserves +€1.4m
up €1.4m (+10.8%), from €12.9m to €14.3m
of which Distributable reserves: +€890,480
- Turnover -€5.8m
no longer reported in 2024 (was €5.8m)
- Purchases and services -€3.2m
no longer reported in 2024 (was €3.2m)
- Gross operating margin -€672,424
down €672,424 (-23.9%), from €2.8m to €2.1m
- Financial charges +€281,025
up €281,025 (+2918.0%), from €9,631 to €290,656
- Taxes -€216,088
down €216,088 (-32.1%), from €672,383 to €456,295
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,067,411 | €28,527,443 | +€6.5m | +29.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €140,000 | €140,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €140,000 | €140,000 | = | 0.0% |
| Land and buildings | 22 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €21,927,411 | €28,387,443 | +€6.5m | +29.5% |
| Stocks and contracts in progress | 3 | €20,686,487 | €27,619,182 | +€6.9m | +33.5% |
| Stocks | 30/36 | €20,686,487 | €27,619,182 | +€6.9m | +33.5% |
| Amounts receivable within one year | 40/41 | €136,599 | €387,845 | +€251,246 | +183.9% |
| Trade receivables | 40 | €73,014 | €281,447 | +€208,433 | +285.5% |
| Other amounts receivable | 41 | €63,585 | €106,397 | +€42,813 | +67.3% |
| Cash at bank and in hand | 54/58 | €1,104,326 | €380,417 | -€723,909 | -65.6% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €22,067,411 | €28,527,443 | +€6.5m | +29.3% |
| Equity | 10/15 | €12,920,675 | €14,314,495 | +€1.4m | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,902,075 | €14,295,895 | +€1.4m | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €997,770 | €1,502,970 | +€505,200 | +50.6% |
| Distributable reserves | 133 | €11,902,445 | €12,792,925 | +€890,480 | +7.5% |
| Provisions and deferred taxes | 16 | €375,637 | €373,191 | -€2,446 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €375,637 | €373,191 | -€2,446 | -0.7% |
| Other liabilities and charges | 164/5 | €375,637 | €373,191 | -€2,446 | -0.7% |
| Amounts payable | 17/49 | €8,771,099 | €13,839,757 | +€5.1m | +57.8% |
| Amounts payable within one year | 42/48 | €8,771,099 | €13,839,303 | +€5.1m | +57.8% |
| Trade debts | 44 | €477,094 | €224,070 | -€253,024 | -53.0% |
| Suppliers | 440/4 | €477,094 | €224,070 | -€253,024 | -53.0% |
| Advances received on contracts in progress | 46 | €0 | €177,775 | +€177,775 | |
| Taxes, remuneration and social security | 45 | €206,705 | €283,000 | +€76,295 | +36.9% |
| Taxes | 450/3 | €206,705 | €283,000 | +€76,295 | +36.9% |
| Other amounts payable | 47/48 | €8,087,300 | €13,154,459 | +€5.1m | +62.7% |
| Accrued charges and deferred income | 492/3 | €0 | €454 | +€454 | |
| Turnover | 70 | €5,797,060 | - | -€5.8m | |
| Non-recurring operating income | 76A | €12,043 | €3 | -€12,040 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,223,237 | - | -€3.2m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €82,156 | -€2,446 | -€84,602 | |
| Other operating charges | 640/8 | €12,090 | €8,122 | -€3,967 | -32.8% |
| Non-recurring operating charges | 66A | €0 | €0 | +€0 | +25.0% |
| Gross operating margin | 9900 | €2,818,871 | €2,146,447 | -€672,424 | -23.9% |
| Operating profit (loss) | 9901 | €2,724,625 | €2,140,771 | -€583,854 | -21.4% |
| Financial income | 75/76B | €1,869 | - | -€1,869 | |
| Recurring financial income | 75 | €1,869 | - | -€1,869 | |
| Financial charges | 65/66B | €9,631 | €290,656 | +€281,025 | +2918.0% |
| Recurring financial charges | 65 | €9,631 | €290,656 | +€281,025 | +2918.0% |
| Profit (loss) for the period before taxes | 9903 | €2,716,863 | €1,850,115 | -€866,748 | -31.9% |
| Income taxes | 67/77 | €672,383 | €456,295 | -€216,088 | -32.1% |
| Profit (loss) for the period | 9904 | €2,044,480 | €1,393,820 | -€650,660 | -31.8% |
| Transfer from tax-exempt reserves | 789 | €498,400 | - | -€498,400 | |
| Transfer to tax-exempt reserves | 689 | €997,770 | €505,200 | -€492,570 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,545,110 | €888,620 | -€656,490 | -42.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.