MB Insights: 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 Insights
Largest movements
- Receivables after one year -€57,500
down €57,500 (-100%), from €57,500 to €0
- Cash -€53,673
down €53,673 (-66.2%), from €81,101 to €27,428
mainly Contributions, distributions and other (-€190,451) and Tax, wage and social debts (-€8,206)
- Receivables within one year +€4,879
up €4,879 (+56.1%), from €8,697 to €13,576
- Tangible fixed assets -€2,131
down €2,131 (-16.2%), from €13,149 to €11,017
of which Land and buildings: -€1,274
- Reserves -€135,765
down €135,765 (-100%), from €135,765 to €0
- Other debts +€34,702
new in 2025: €34,702
- Tax, wage and social debts -€8,206
down €8,206 (-38.1%), from €21,527 to €13,321
- Gross operating margin +€18,446
up €18,446 (+35.5%), from €51,951 to €70,397
- Taxes +€3,768
up €3,768 (+37.8%), from €9,977 to €13,745
- Depreciation -€886
down €886 (-29.4%), from €3,017 to €2,131
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 | €161,688 | €52,022 | -€109,666 | -67.8% |
| Fixed assets | 21/28 | €13,149 | €11,017 | -€2,131 | -16.2% |
| Tangible fixed assets | 22/27 | €13,149 | €11,017 | -€2,131 | -16.2% |
| Land and buildings | 22 | €11,135 | €9,862 | -€1,274 | -11.4% |
| Plant, machinery and equipment | 23 | €2,013 | €1,156 | -€858 | -42.6% |
| Current assets | 29/58 | €148,539 | €41,005 | -€107,534 | -72.4% |
| Amounts receivable after more than one year | 29 | €57,500 | €0 | -€57,500 | -100% |
| Other amounts receivable | 291 | €57,500 | €0 | -€57,500 | -100% |
| Amounts receivable within one year | 40/41 | €8,697 | €13,576 | +€4,879 | +56.1% |
| Trade receivables | 40 | €8,697 | €13,576 | +€4,879 | +56.1% |
| Cash at bank and in hand | 54/58 | €81,101 | €27,428 | -€53,673 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,240 | €0 | -€1,240 | -100% |
| Total equity and liabilities | 10/49 | €161,688 | €52,022 | -€109,666 | -67.8% |
| Equity | 10/15 | €139,765 | €4,000 | -€135,765 | -97.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €135,765 | €0 | -€135,765 | -100% |
| Distributable reserves | 133 | €135,765 | €0 | -€135,765 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,923 | €48,022 | +€26,099 | +119% |
| Amounts payable within one year | 42/48 | €21,527 | €48,022 | +€26,495 | +123% |
| Taxes, remuneration and social security | 45 | €21,527 | €13,321 | -€8,206 | -38.1% |
| Taxes | 450/3 | €21,527 | €13,321 | -€8,206 | -38.1% |
| Other amounts payable | 47/48 | - | €34,702 | +€34,702 | |
| Accrued charges and deferred income | 492/3 | €396 | €0 | -€396 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,017 | €2,131 | -€886 | -29.4% |
| Other operating charges | 640/8 | €522 | €571 | +€50 | +9.5% |
| Gross operating margin | 9900 | €51,951 | €70,397 | +€18,446 | +35.5% |
| Operating profit (loss) | 9901 | €48,412 | €67,695 | +€19,282 | +39.8% |
| Financial income | 75/76B | €1,322 | €841 | -€481 | -36.4% |
| Recurring financial income | 75 | €1,322 | €841 | -€481 | -36.4% |
| Financial charges | 65/66B | €113 | €104 | -€9 | -7.9% |
| Recurring financial charges | 65 | €113 | €104 | -€9 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €49,621 | €68,431 | +€18,811 | +37.9% |
| Income taxes | 67/77 | €9,977 | €13,745 | +€3,768 | +37.8% |
| Profit (loss) for the period | 9904 | €39,643 | €54,686 | +€15,043 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,643 | €54,686 | +€15,043 | +37.9% |
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 23 October 2026 via checked.be.