MB MED: 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 MED
Largest movements
- Cash +€19,205
up €19,205 (+177.2%), from €10,836 to €30,041
mainly Net result for the year (+€20,676) and Depreciation (+€4,382)
- Tangible fixed assets -€2,754
down €2,754 (-31.8%), from €8,667 to €5,913
- Receivables within one year -€1,886
down €1,886 (-32.9%), from €5,726 to €3,839
of which Other amounts receivable: -€1,606
- Reserves +€20,676
up €20,676 (+325.6%), from €6,349 to €27,025
- Tax, wage and social debts -€4,293
down €4,293 (-89.4%), from €4,800 to €507
- Other debts -€2,427
down €2,427 (-23.7%), from €10,230 to €7,803
- Trade debts +€766
up €766 (+72.4%), from €1,059 to €1,825
- Gross operating margin +€16,424
up €16,424 (+94.6%), from €17,368 to €33,793
- Taxes +€5,112
up €5,112 (+150.6%), from €3,394 to €8,507
- Depreciation -€2,922
down €2,922 (-40.0%), from €7,304 to €4,382
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 | €25,556 | €40,281 | +€14,725 | +57.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,667 | €5,913 | -€2,754 | -31.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €8,667 | €5,913 | -€2,754 | -31.8% |
| Furniture and vehicles | 24 | €8,667 | €5,913 | -€2,754 | -31.8% |
| Current assets | 29/58 | €16,889 | €34,368 | +€17,479 | +103.5% |
| Amounts receivable within one year | 40/41 | €5,726 | €3,839 | -€1,886 | -32.9% |
| Trade receivables | 40 | €4,120 | €3,839 | -€281 | -6.8% |
| Other amounts receivable | 41 | €1,606 | - | -€1,606 | |
| Cash at bank and in hand | 54/58 | €10,836 | €30,041 | +€19,205 | +177.2% |
| Deferred charges and accrued income | 490/1 | €327 | €488 | +€161 | +49.3% |
| Total equity and liabilities | 10/49 | €25,556 | €40,281 | +€14,725 | +57.6% |
| Equity | 10/15 | €9,349 | €30,025 | +€20,676 | +221.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,349 | €27,025 | +€20,676 | +325.6% |
| Distributable reserves | 133 | €6,349 | €27,025 | +€20,676 | +325.6% |
| Amounts payable | 17/49 | €16,207 | €10,257 | -€5,950 | -36.7% |
| Amounts payable within one year | 42/48 | €16,088 | €10,134 | -€5,954 | -37.0% |
| Trade debts | 44 | €1,059 | €1,825 | +€766 | +72.4% |
| Suppliers | 440/4 | €1,059 | €1,825 | +€766 | +72.4% |
| Taxes, remuneration and social security | 45 | €4,800 | €507 | -€4,293 | -89.4% |
| Taxes | 450/3 | €4,800 | €507 | -€4,293 | -89.4% |
| Other amounts payable | 47/48 | €10,230 | €7,803 | -€2,427 | -23.7% |
| Accrued charges and deferred income | 492/3 | €119 | €122 | +€4 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,304 | €4,382 | -€2,922 | -40.0% |
| Other operating charges | 640/8 | €248 | €182 | -€66 | -26.5% |
| Gross operating margin | 9900 | €17,368 | €33,793 | +€16,424 | +94.6% |
| Operating profit (loss) | 9901 | €9,817 | €29,229 | +€19,412 | +197.7% |
| Financial charges | 65/66B | €74 | €46 | -€27 | -36.8% |
| Recurring financial charges | 65 | €74 | €46 | -€27 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €9,743 | €29,182 | +€19,439 | +199.5% |
| Income taxes | 67/77 | €3,394 | €8,507 | +€5,112 | +150.6% |
| Profit (loss) for the period | 9904 | €6,349 | €20,676 | +€14,327 | +225.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,349 | €20,676 | +€14,327 | +225.6% |
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 10 October 2026 via checked.be.