MB LAW: 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 LAW
Largest movements
- Receivables within one year +€39,778
up €39,778 (+89.8%), from €44,297 to €84,075
of which Other amounts receivable: +€23,108
- Intangible fixed assets -€21,428
down €21,428 (-50.0%), from €42,857 to €21,429
- Cash +€17,200
up €17,200 (+229%), from €7,518 to €24,718
mainly Other debts (+€36,602) and Depreciation (+€24,424)
- Tangible fixed assets +€8,557
up €8,557 (+343%), from €2,496 to €11,053
of which Furniture and vehicles: +€8,833
- Other debts +€36,602
up €36,602 (+516%), from €7,099 to €43,701
- Profit (loss) carried forward +€14,719
up €14,719, from €0 to €14,719
- Debts after one year -€12,904
down €12,904 (-49.5%), from €26,057 to €13,153
- Current portion of long-term debt +€5,323
up €5,323 (+34.8%), from €15,310 to €20,633
- Trade debts +€3,066
up €3,066 (+37.8%), from €8,106 to €11,172
- Gross operating margin +€7,925
up €7,925 (+19.7%), from €40,248 to €48,173
- Financial income +€3,060
up €3,060 (+86,454%), from €4 to €3,064
- Taxes +€2,314
up €2,314 (+40.7%), from €5,686 to €8,000
- Depreciation +€1,341
up €1,341 (+5.8%), from €23,083 to €24,424
- Financial charges -€1,018
down €1,018 (-36.5%), from €2,792 to €1,774
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.
Derived cash bridge
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 | €99,048 | €143,532 | +€44,484 | +44.9% |
| Fixed assets | 21/28 | €47,149 | €34,278 | -€12,871 | -27.3% |
| Intangible fixed assets | 21 | €42,857 | €21,429 | -€21,428 | -50.0% |
| Tangible fixed assets | 22/27 | €2,496 | €11,053 | +€8,557 | +343% |
| Plant, machinery and equipment | 23 | €276 | - | -€276 | |
| Furniture and vehicles | 24 | €2,220 | €11,053 | +€8,833 | +398% |
| Financial fixed assets | 28 | €1,796 | €1,796 | +€0 | 0.0% |
| Current assets | 29/58 | €51,899 | €109,254 | +€57,355 | +111% |
| Amounts receivable within one year | 40/41 | €44,297 | €84,075 | +€39,778 | +89.8% |
| Trade receivables | 40 | €5,180 | €21,849 | +€16,669 | +322% |
| Other amounts receivable | 41 | €39,118 | €62,226 | +€23,108 | +59.1% |
| Cash at bank and in hand | 54/58 | €7,518 | €24,718 | +€17,200 | +229% |
| Deferred charges and accrued income | 490/1 | €83 | €461 | +€378 | +455% |
| Total equity and liabilities | 10/49 | €99,048 | €143,532 | +€44,484 | +44.9% |
| Equity | 10/15 | €18,600 | €33,319 | +€14,719 | +79.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €14,719 | +€14,719 | |
| Amounts payable | 17/49 | €80,448 | €110,213 | +€29,765 | +37.0% |
| Amounts payable after more than one year | 17 | €26,057 | €13,153 | -€12,904 | -49.5% |
| Financial debts | 170/4 | €26,057 | €13,153 | -€12,904 | -49.5% |
| Amounts payable within one year | 42/48 | €54,392 | €97,060 | +€42,668 | +78.4% |
| Current portion of amounts payable after more than one year | 42 | €15,310 | €20,633 | +€5,323 | +34.8% |
| Trade debts | 44 | €8,106 | €11,172 | +€3,066 | +37.8% |
| Suppliers | 440/4 | €8,106 | €11,172 | +€3,066 | +37.8% |
| Taxes, remuneration and social security | 45 | €23,877 | €21,554 | -€2,323 | -9.7% |
| Taxes | 450/3 | €23,717 | €21,554 | -€2,163 | -9.1% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €7,099 | €43,701 | +€36,602 | +516% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,083 | €24,424 | +€1,341 | +5.8% |
| Other operating charges | 640/8 | €1,591 | €2,320 | +€729 | +45.9% |
| Gross operating margin | 9900 | €40,248 | €48,173 | +€7,925 | +19.7% |
| Operating profit (loss) | 9901 | €15,574 | €21,429 | +€5,855 | +37.6% |
| Financial income | 75/76B | €4 | €3,064 | +€3,060 | +86,454% |
| Recurring financial income | 75 | €4 | €3,064 | +€3,060 | +86,454% |
| Financial charges | 65/66B | €2,792 | €1,774 | -€1,018 | -36.5% |
| Recurring financial charges | 65 | €2,792 | €1,774 | -€1,018 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €12,785 | €22,719 | +€9,934 | +77.7% |
| Income taxes | 67/77 | €5,686 | €8,000 | +€2,314 | +40.7% |
| Profit (loss) for the period | 9904 | €7,099 | €14,719 | +€7,620 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €7,099 | €14,719 | +€7,620 | +107% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.