MB Logistics: 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 Logistics
Largest movements
- Tangible fixed assets -€8,682
down €8,682 (-50.9%), from €17,068 to €8,386
of which Furniture and vehicles: -€13,420
- Cash +€5,893
up €5,893 (+232.8%), from €2,532 to €8,425
mainly Other debts (+€8,690) and Investment in fixed assets (net) (+€6,520)
- Receivables within one year -€1,999
down €1,999 (-19.4%), from €10,296 to €8,297
of which Other amounts receivable: -€10,296
- Other debts +€8,690
up €8,690 (+722.6%), from €1,203 to €9,892
- Reserves -€6,256
down €6,256 (-41.3%), from €15,149 to €8,893
- Tax, wage and social debts -€5,240
down €5,240 (-75.8%), from €6,914 to €1,673
- Trade debts -€1,736
down €1,736 (-66.0%), from €2,631 to €895
- Gross operating margin -€32,013
down €32,013, from €28,915 to -€3,098
- Taxes -€5,850
down €5,850 (-91.4%), from €6,398 to €548
- Depreciation -€2,105
down €2,105 (-49.3%), from €4,267 to €2,162
- Financial charges -€660
down €660 (-79.0%), from €836 to €176
- Other operating charges -€478
down €478 (-63.7%), from €749 to €272
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 | €29,896 | €25,354 | -€4,542 | -15.2% |
| Fixed assets | 21/28 | €17,068 | €8,386 | -€8,682 | -50.9% |
| Tangible fixed assets | 22/27 | €17,068 | €8,386 | -€8,682 | -50.9% |
| Plant, machinery and equipment | 23 | €3,648 | €8,386 | +€4,738 | +129.9% |
| Furniture and vehicles | 24 | €13,420 | - | -€13,420 | |
| Current assets | 29/58 | €12,828 | €16,967 | +€4,139 | +32.3% |
| Amounts receivable within one year | 40/41 | €10,296 | €8,297 | -€1,999 | -19.4% |
| Trade receivables | 40 | - | €8,297 | +€8,297 | |
| Other amounts receivable | 41 | €10,296 | - | -€10,296 | |
| Cash at bank and in hand | 54/58 | €2,532 | €8,425 | +€5,893 | +232.8% |
| Deferred charges and accrued income | 490/1 | - | €245 | +€245 | |
| Total equity and liabilities | 10/49 | €29,896 | €25,354 | -€4,542 | -15.2% |
| Equity | 10/15 | €19,149 | €12,893 | -€6,256 | -32.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €15,149 | €8,893 | -€6,256 | -41.3% |
| Distributable reserves | 133 | €15,149 | €8,893 | -€6,256 | -41.3% |
| Amounts payable | 17/49 | €10,747 | €12,460 | +€1,714 | +15.9% |
| Amounts payable within one year | 42/48 | €10,747 | €12,460 | +€1,714 | +15.9% |
| Trade debts | 44 | €2,631 | €895 | -€1,736 | -66.0% |
| Suppliers | 440/4 | €2,631 | €895 | -€1,736 | -66.0% |
| Taxes, remuneration and social security | 45 | €6,914 | €1,673 | -€5,240 | -75.8% |
| Taxes | 450/3 | €6,914 | €1,673 | -€5,240 | -75.8% |
| Other amounts payable | 47/48 | €1,203 | €9,892 | +€8,690 | +722.6% |
| Non-recurring operating income | 76A | - | €8,408 | +€8,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,267 | €2,162 | -€2,105 | -49.3% |
| Other operating charges | 640/8 | €749 | €272 | -€478 | -63.7% |
| Gross operating margin | 9900 | €28,915 | -€3,098 | -€32,013 | |
| Operating profit (loss) | 9901 | €23,898 | -€5,532 | -€29,430 | |
| Financial income | 75/76B | €203 | €0 | -€203 | -100.0% |
| Recurring financial income | 75 | €203 | €0 | -€203 | -100.0% |
| Financial charges | 65/66B | €836 | €176 | -€660 | -79.0% |
| Recurring financial charges | 65 | €836 | €176 | -€660 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €23,265 | -€5,708 | -€28,973 | |
| Income taxes | 67/77 | €6,398 | €548 | -€5,850 | -91.4% |
| Profit (loss) for the period | 9904 | €16,867 | -€6,256 | -€23,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,867 | -€6,256 | -€23,123 |
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 11 October 2026 via checked.be.