MB LOGISTIC: 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 LOGISTIC
Largest movements
- Receivables after one year +€90,387
new in 2025: €90,387
- Tangible fixed assets +€19,304
up €19,304 (+201.6%), from €9,574 to €28,878
of which Furniture and vehicles: +€18,555
- Financial fixed assets +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Profit (loss) carried forward +€64,666
up €64,666 (+250.2%), from €25,846 to €90,513
- Tax, wage and social debts +€60,096
up €60,096 (+314.6%), from €19,102 to €79,198
of which Taxes: +€34,740
- Accrued charges and deferred income -€16,615
no longer reported in 2025 (was €16,615)
- Trade debts +€3,195
up €3,195 (+35.9%), from €8,893 to €12,088
- Gross operating margin +€108,073
up €108,073 (+225.1%), from €48,019 to €156,092
- Staff costs +€57,527
up €57,527 (+476.2%), from €12,080 to €69,607
- Taxes +€9,499
up €9,499 (+142.5%), from €6,667 to €16,167
- Depreciation +€3,172
up €3,172 (+156.6%), from €2,025 to €5,196
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 | €71,455 | €184,409 | +€112,954 | +158.1% |
| Fixed assets | 21/28 | €18,574 | €42,878 | +€24,304 | +130.8% |
| Tangible fixed assets | 22/27 | €9,574 | €28,878 | +€19,304 | +201.6% |
| Plant, machinery and equipment | 23 | €1,574 | €2,323 | +€749 | +47.5% |
| Furniture and vehicles | 24 | €8,000 | €26,555 | +€18,555 | +231.9% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €52,881 | €141,531 | +€88,650 | +167.6% |
| Amounts receivable after more than one year | 29 | - | €90,387 | +€90,387 | |
| Trade receivables | 290 | - | €90,387 | +€90,387 | |
| Amounts receivable within one year | 40/41 | €51,804 | €51,144 | -€659 | -1.3% |
| Trade receivables | 40 | €22,109 | €51,144 | +€29,035 | +131.3% |
| Other amounts receivable | 41 | €29,695 | - | -€29,695 | |
| Cash at bank and in hand | 54/58 | €1,078 | €0 | -€1,077 | -100.0% |
| Total equity and liabilities | 10/49 | €71,455 | €184,409 | +€112,954 | +158.1% |
| Equity | 10/15 | €26,846 | €91,513 | +€64,666 | +240.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,846 | €90,513 | +€64,666 | +250.2% |
| Amounts payable | 17/49 | €44,609 | €92,896 | +€48,287 | +108.2% |
| Amounts payable within one year | 42/48 | €27,995 | €92,896 | +€64,902 | +231.8% |
| Trade debts | 44 | €8,893 | €12,088 | +€3,195 | +35.9% |
| Suppliers | 440/4 | €8,893 | €12,088 | +€3,195 | +35.9% |
| Taxes, remuneration and social security | 45 | €19,102 | €79,198 | +€60,096 | +314.6% |
| Taxes | 450/3 | €12,529 | €47,268 | +€34,740 | +277.3% |
| Remuneration and social security | 454/9 | €6,573 | €31,930 | +€25,357 | +385.7% |
| Other amounts payable | 47/48 | - | €1,610 | +€1,610 | |
| Accrued charges and deferred income | 492/3 | €16,615 | - | -€16,615 | |
| Remuneration, social security and pensions | 62 | €12,080 | €69,607 | +€57,527 | +476.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €5,196 | +€3,172 | +156.6% |
| Other operating charges | 640/8 | €409 | €222 | -€187 | -45.7% |
| Gross operating margin | 9900 | €48,019 | €156,092 | +€108,073 | +225.1% |
| Operating profit (loss) | 9901 | €33,505 | €81,067 | +€47,561 | +142.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +5266.7% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +5266.7% |
| Financial charges | 65/66B | €170 | €237 | +€67 | +39.5% |
| Recurring financial charges | 65 | €170 | €237 | +€67 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €33,336 | €80,833 | +€47,497 | +142.5% |
| Income taxes | 67/77 | €6,667 | €16,167 | +€9,499 | +142.5% |
| Profit (loss) for the period | 9904 | €26,669 | €64,666 | +€37,998 | +142.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,669 | €64,666 | +€37,998 | +142.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.