MB Plus: 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 Plus
Largest movements
- Tangible fixed assets -€20,234
down €20,234 (-32.5%), from €62,317 to €42,083
of which Leasing and similar rights: -€14,356
- Receivables within one year -€11,752
down €11,752 (-31.6%), from €37,222 to €25,470
of which Trade receivables: -€10,175
- Cash +€3,619
new in 2025: €3,619
mainly Depreciation (+€21,251) and Receivables within one year (+€11,752)
- Stocks and contracts -€2,815
down €2,815 (-18.9%), from €14,868 to €12,053
- Debts after one year -€10,941
down €10,941 (-45.6%), from €23,972 to €13,031
- Trade debts -€7,793
down €7,793 (-78.4%), from €9,941 to €2,148
- Short-term financial debts -€5,534
no longer reported in 2025 (was €5,534)
- Tax, wage and social debts -€3,358
down €3,358 (-70.0%), from €4,801 to €1,442
of which Remuneration and social security: -€2,500
- Profit (loss) carried forward -€3,185
down €3,185 (-6.9%), from €46,105 to €42,920
- Gross operating margin +€12,606
up €12,606 (+116.9%), from €10,783 to €23,389
- Depreciation +€1,229
up €1,229 (+6.1%), from €20,022 to €21,251
- Financial income -€900
down €900 (-99.5%), from €904 to €4
- Other operating charges +€442
up €442 (+18.2%), from €2,420 to €2,861
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 | €124,378 | €93,137 | -€31,241 | -25.1% |
| Fixed assets | 21/28 | €66,067 | €45,833 | -€20,234 | -30.6% |
| Tangible fixed assets | 22/27 | €62,317 | €42,083 | -€20,234 | -32.5% |
| Plant, machinery and equipment | 23 | €1,432 | €802 | -€630 | -44.0% |
| Furniture and vehicles | 24 | €20,220 | €14,972 | -€5,249 | -26.0% |
| Leasing and similar rights | 25 | €40,665 | €26,309 | -€14,356 | -35.3% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €58,311 | €47,304 | -€11,007 | -18.9% |
| Stocks and contracts in progress | 3 | €14,868 | €12,053 | -€2,815 | -18.9% |
| Stocks | 30/36 | €14,868 | €12,053 | -€2,815 | -18.9% |
| Amounts receivable within one year | 40/41 | €37,222 | €25,470 | -€11,752 | -31.6% |
| Trade receivables | 40 | €31,786 | €21,610 | -€10,175 | -32.0% |
| Other amounts receivable | 41 | €5,436 | €3,859 | -€1,577 | -29.0% |
| Cash at bank and in hand | 54/58 | - | €3,619 | +€3,619 | |
| Deferred charges and accrued income | 490/1 | €6,222 | €6,163 | -€59 | -0.9% |
| Total equity and liabilities | 10/49 | €124,378 | €93,137 | -€31,241 | -25.1% |
| Equity | 10/15 | €65,393 | €62,208 | -€3,185 | -4.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €17,788 | €17,788 | = | 0.0% |
| Distributable reserves | 133 | €17,788 | €17,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,105 | €42,920 | -€3,185 | -6.9% |
| Amounts payable | 17/49 | €58,985 | €30,929 | -€28,056 | -47.6% |
| Amounts payable after more than one year | 17 | €23,972 | €13,031 | -€10,941 | -45.6% |
| Financial debts | 170/4 | €23,972 | €13,031 | -€10,941 | -45.6% |
| Amounts payable within one year | 42/48 | €35,010 | €16,828 | -€18,182 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €13,103 | €12,204 | -€898 | -6.9% |
| Financial debts | 43 | €5,534 | - | -€5,534 | |
| Credit institutions | 430/8 | €5,534 | - | -€5,534 | |
| Trade debts | 44 | €9,941 | €2,148 | -€7,793 | -78.4% |
| Suppliers | 440/4 | €9,941 | €2,148 | -€7,793 | -78.4% |
| Taxes, remuneration and social security | 45 | €4,801 | €1,442 | -€3,358 | -70.0% |
| Taxes | 450/3 | €2,301 | €1,442 | -€858 | -37.3% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €1,631 | €1,033 | -€598 | -36.7% |
| Accrued charges and deferred income | 492/3 | €3 | €1,070 | +€1,067 | +35694.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,022 | €21,251 | +€1,229 | +6.1% |
| Other operating charges | 640/8 | €2,420 | €2,861 | +€442 | +18.2% |
| Gross operating margin | 9900 | €10,783 | €23,389 | +€12,606 | +116.9% |
| Operating profit (loss) | 9901 | -€11,659 | -€723 | +€10,936 | +93.8% |
| Financial income | 75/76B | €904 | €4 | -€900 | -99.5% |
| Recurring financial income | 75 | €904 | €4 | -€900 | -99.5% |
| Financial charges | 65/66B | €2,453 | €2,334 | -€119 | -4.9% |
| Recurring financial charges | 65 | €2,453 | €2,334 | -€119 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,207 | -€3,053 | +€10,155 | +76.9% |
| Income taxes | 67/77 | €138 | €132 | -€5 | -3.8% |
| Profit (loss) for the period | 9904 | -€13,345 | -€3,185 | +€10,160 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,345 | -€3,185 | +€10,160 | +76.1% |
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 3 October 2026 via checked.be.