MB PAY: 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 PAY
Largest movements
- Cash +€50,595
up €50,595 (+17.8%), from €283,919 to €334,513
mainly Net result for the year (+€94,589) and Other debts (+€55,457)
- Receivables within one year +€15,117
up €15,117 (+59.9%), from €25,248 to €40,365
of which Trade receivables: +€15,090
- Other debts +€55,457
up €55,457 (+299.4%), from €18,522 to €73,980
- Tax, wage and social debts +€31,000
up €31,000 (+186.9%), from €16,585 to €47,585
- Reserves -€27,300
down €27,300 (-9.8%), from €278,416 to €251,116
- Trade debts +€11,711
up €11,711 (+449.4%), from €2,606 to €14,317
- Debts after one year -€7,897
down €7,897 (-74.8%), from €10,554 to €2,657
- Gross operating margin +€11,197
up €11,197 (+8.1%), from €138,595 to €149,792
- Write-downs -€7,880
no longer reported in 2025 (was €7,880)
- Taxes +€7,624
up €7,624 (+20.1%), from €37,954 to €45,578
- Financial income +€2,910
up €2,910 (+751.5%), from €387 to €3,297
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 | €335,583 | €398,860 | +€63,277 | +18.9% |
| Formation expenses | 20 | €479 | €52 | -€427 | -89.1% |
| Fixed assets | 21/28 | €22,023 | €19,322 | -€2,701 | -12.3% |
| Tangible fixed assets | 22/27 | €21,660 | €18,959 | -€2,701 | -12.5% |
| Furniture and vehicles | 24 | €21,660 | €12,229 | -€9,431 | -43.5% |
| Other tangible fixed assets | 26 | - | €6,730 | +€6,730 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €313,081 | €379,486 | +€66,405 | +21.2% |
| Stocks and contracts in progress | 3 | €2,180 | €2,132 | -€49 | -2.2% |
| Stocks | 30/36 | €2,180 | €2,132 | -€49 | -2.2% |
| Amounts receivable within one year | 40/41 | €25,248 | €40,365 | +€15,117 | +59.9% |
| Trade receivables | 40 | €25,248 | €40,338 | +€15,090 | +59.8% |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €283,919 | €334,513 | +€50,595 | +17.8% |
| Deferred charges and accrued income | 490/1 | €1,735 | €2,476 | +€742 | +42.8% |
| Total equity and liabilities | 10/49 | €335,583 | €398,860 | +€63,277 | +18.9% |
| Equity | 10/15 | €279,416 | €252,116 | -€27,300 | -9.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €278,416 | €251,116 | -€27,300 | -9.8% |
| Distributable reserves | 133 | €278,416 | €251,116 | -€27,300 | -9.8% |
| Amounts payable | 17/49 | €56,167 | €146,744 | +€90,577 | +161.3% |
| Amounts payable after more than one year | 17 | €10,554 | €2,657 | -€7,897 | -74.8% |
| Financial debts | 170/4 | €10,554 | €2,657 | -€7,897 | -74.8% |
| Amounts payable within one year | 42/48 | €45,499 | €143,779 | +€98,280 | +216.0% |
| Current portion of amounts payable after more than one year | 42 | €7,786 | €7,897 | +€111 | +1.4% |
| Trade debts | 44 | €2,606 | €14,317 | +€11,711 | +449.4% |
| Suppliers | 440/4 | €2,606 | €14,317 | +€11,711 | +449.4% |
| Taxes, remuneration and social security | 45 | €16,585 | €47,585 | +€31,000 | +186.9% |
| Taxes | 450/3 | €16,585 | €47,585 | +€31,000 | +186.9% |
| Other amounts payable | 47/48 | €18,522 | €73,980 | +€55,457 | +299.4% |
| Accrued charges and deferred income | 492/3 | €114 | €308 | +€194 | +170.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,846 | €10,028 | +€182 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,880 | - | -€7,880 | |
| Other operating charges | 640/8 | €1,731 | €2,271 | +€540 | +31.2% |
| Gross operating margin | 9900 | €138,595 | €149,792 | +€11,197 | +8.1% |
| Operating profit (loss) | 9901 | €119,139 | €137,494 | +€18,355 | +15.4% |
| Financial income | 75/76B | €387 | €3,297 | +€2,910 | +751.5% |
| Recurring financial income | 75 | €387 | €3,297 | +€2,910 | +751.5% |
| Financial charges | 65/66B | €864 | €624 | -€240 | -27.8% |
| Recurring financial charges | 65 | €864 | €624 | -€240 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €118,662 | €140,167 | +€21,505 | +18.1% |
| Income taxes | 67/77 | €37,954 | €45,578 | +€7,624 | +20.1% |
| Profit (loss) for the period | 9904 | €80,708 | €94,589 | +€13,881 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,708 | €94,589 | +€13,881 | +17.2% |
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 8 October 2026 via checked.be.