MB MANAGEMENT & SERVICES: 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 MANAGEMENT & SERVICES
Largest movements
- Receivables within one year -€16,321
down €16,321 (-39.4%), from €41,417 to €25,096
of which Trade receivables: -€15,695
- Cash -€12,865
down €12,865 (-86.7%), from €14,841 to €1,976
mainly Net result for the year (-€33,170) and Investment in fixed assets (net) (-€12,124)
- Current investments +€8,280
new in 2025: €8,280
- Deferred charges and accrued income -€3,496
down €3,496 (-38.5%), from €9,080 to €5,583
- Tangible fixed assets +€2,270
up €2,270 (+2.5%), from €90,361 to €92,631
of which Furniture and vehicles: +€9,944
- Profit (loss) carried forward -€33,170
down €33,170 (-98.5%), from -€33,663 to -€66,833
- Other debts +€8,175
up €8,175 (+54.1%), from €15,123 to €23,298
- Tax, wage and social debts +€4,468
up €4,468 (+17.0%), from €26,264 to €30,732
of which Remuneration and social security: +€3,275
- Trade debts -€3,721
down €3,721 (-4.7%), from €79,154 to €75,434
- Staff costs -€2,566
down €2,566 (-1.6%), from €157,921 to €155,354
- Gross operating margin +€2,146
up €2,146 (+1.5%), from €140,678 to €142,823
- Financial charges +€2,019
up €2,019 (+36.7%), from €5,500 to €7,519
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 | €168,117 | €143,880 | -€24,237 | -14.4% |
| Fixed assets | 21/28 | €102,780 | €102,945 | +€165 | +0.2% |
| Intangible fixed assets | 21 | €4,602 | €2,497 | -€2,105 | -45.7% |
| Tangible fixed assets | 22/27 | €90,361 | €92,631 | +€2,270 | +2.5% |
| Land and buildings | 22 | €52,601 | €49,601 | -€3,000 | -5.7% |
| Plant, machinery and equipment | 23 | €34,670 | €29,997 | -€4,673 | -13.5% |
| Furniture and vehicles | 24 | €3,090 | €13,033 | +€9,944 | +322% |
| Financial fixed assets | 28 | €7,817 | €7,817 | = | 0.0% |
| Current assets | 29/58 | €65,337 | €40,935 | -€24,402 | -37.3% |
| Amounts receivable within one year | 40/41 | €41,417 | €25,096 | -€16,321 | -39.4% |
| Trade receivables | 40 | €34,929 | €19,234 | -€15,695 | -44.9% |
| Other amounts receivable | 41 | €6,487 | €5,861 | -€626 | -9.6% |
| Current investments | 50/53 | - | €8,280 | +€8,280 | |
| Cash at bank and in hand | 54/58 | €14,841 | €1,976 | -€12,865 | -86.7% |
| Deferred charges and accrued income | 490/1 | €9,080 | €5,583 | -€3,496 | -38.5% |
| Total equity and liabilities | 10/49 | €168,117 | €143,880 | -€24,237 | -14.4% |
| Equity | 10/15 | €46,337 | €13,167 | -€33,170 | -71.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,663 | -€66,833 | -€33,170 | -98.5% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,779 | €130,713 | +€8,933 | +7.3% |
| Amounts payable within one year | 42/48 | €120,542 | €129,464 | +€8,922 | +7.4% |
| Trade debts | 44 | €79,154 | €75,434 | -€3,721 | -4.7% |
| Suppliers | 440/4 | €79,154 | €75,434 | -€3,721 | -4.7% |
| Taxes, remuneration and social security | 45 | €26,264 | €30,732 | +€4,468 | +17.0% |
| Taxes | 450/3 | €379 | €1,572 | +€1,193 | +315% |
| Remuneration and social security | 454/9 | €25,885 | €29,161 | +€3,275 | +12.7% |
| Other amounts payable | 47/48 | €15,123 | €23,298 | +€8,175 | +54.1% |
| Accrued charges and deferred income | 492/3 | €1,237 | €1,249 | +€12 | +0.9% |
| Remuneration, social security and pensions | 62 | €157,921 | €155,354 | -€2,566 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,501 | €11,959 | +€458 | +4.0% |
| Other operating charges | 640/8 | €1,508 | €1,176 | -€331 | -22.0% |
| Gross operating margin | 9900 | €140,678 | €142,823 | +€2,146 | +1.5% |
| Operating profit (loss) | 9901 | -€30,251 | -€25,666 | +€4,586 | +15.2% |
| Financial income | 75/76B | €85 | €15 | -€71 | -82.9% |
| Recurring financial income | 75 | €85 | €15 | -€71 | -82.9% |
| Financial charges | 65/66B | €5,500 | €7,519 | +€2,019 | +36.7% |
| Recurring financial charges | 65 | €5,500 | €7,519 | +€2,019 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,666 | -€33,170 | +€2,496 | +7.0% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€35,666 | -€33,170 | +€2,496 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,666 | -€33,170 | +€2,496 | +7.0% |
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.