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
- Cash -€139,108
down €139,108 (-53.3%), from €260,883 to €121,775
mainly Contributions, distributions and other (-€203,327) and Accrued charges and deferred income (-€3,651)
- Reserves -€140,065
down €140,065 (-68.9%), from €203,327 to €63,262
- Tax, wage and social debts +€4,571
up €4,571 (+12.2%), from €37,610 to €42,180
- Accrued charges and deferred income -€3,651
down €3,651 (-81.3%), from €4,489 to €838
- Other debts +€2,866
up €2,866 (+23.2%), from €12,346 to €15,212
- Gross operating margin +€15,294
up €15,294 (+22.1%), from €69,227 to €84,522
- Taxes +€2,659
up €2,659 (+16.6%), from €16,034 to €18,693
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 | €262,866 | €125,040 | -€137,826 | -52.4% |
| Fixed assets | 21/28 | €1,984 | €1,340 | -€643 | -32.4% |
| Tangible fixed assets | 22/27 | €1,984 | €1,340 | -€643 | -32.4% |
| Furniture and vehicles | 24 | €84 | - | -€84 | |
| Other tangible fixed assets | 26 | €1,900 | €1,340 | -€560 | -29.5% |
| Current assets | 29/58 | €260,883 | €123,700 | -€137,183 | -52.6% |
| Amounts receivable within one year | 40/41 | - | €1,314 | +€1,314 | |
| Trade receivables | 40 | - | €1,314 | +€1,314 | |
| Cash at bank and in hand | 54/58 | €260,883 | €121,775 | -€139,108 | -53.3% |
| Deferred charges and accrued income | 490/1 | - | €611 | +€611 | |
| Total equity and liabilities | 10/49 | €262,866 | €125,040 | -€137,826 | -52.4% |
| Equity | 10/15 | €205,827 | €65,762 | -€140,065 | -68.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €203,327 | €63,262 | -€140,065 | -68.9% |
| Distributable reserves | 133 | €203,327 | €63,262 | -€140,065 | -68.9% |
| Amounts payable | 17/49 | €57,039 | €59,278 | +€2,239 | +3.9% |
| Amounts payable within one year | 42/48 | €52,551 | €58,441 | +€5,890 | +11.2% |
| Trade debts | 44 | €2,595 | €1,048 | -€1,547 | -59.6% |
| Suppliers | 440/4 | €2,595 | €1,048 | -€1,547 | -59.6% |
| Taxes, remuneration and social security | 45 | €37,610 | €42,180 | +€4,571 | +12.2% |
| Taxes | 450/3 | €37,610 | €42,180 | +€4,571 | +12.2% |
| Other amounts payable | 47/48 | €12,346 | €15,212 | +€2,866 | +23.2% |
| Accrued charges and deferred income | 492/3 | €4,489 | €838 | -€3,651 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €643 | -€139 | -17.7% |
| Other operating charges | 640/8 | €911 | €1,579 | +€668 | +73.3% |
| Gross operating margin | 9900 | €69,227 | €84,522 | +€15,294 | +22.1% |
| Operating profit (loss) | 9901 | €67,534 | €82,300 | +€14,765 | +21.9% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €559 | €360 | -€198 | -35.5% |
| Recurring financial charges | 65 | €559 | €360 | -€198 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €66,975 | €81,955 | +€14,980 | +22.4% |
| Income taxes | 67/77 | €16,034 | €18,693 | +€2,659 | +16.6% |
| Profit (loss) for the period | 9904 | €50,941 | €63,262 | +€12,321 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,941 | €63,262 | +€12,321 | +24.2% |
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 14 October 2026 via checked.be.