MB PRESENTS: 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 PRESENTS
Largest movements
- Receivables after one year -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Reserves -€697,500
down €697,500 (-78.0%), from €894,360 to €196,860
of which Distributable reserves: -€697,500
- Other debts +€359,903
up €359,903 (+2356.8%), from €15,271 to €375,174
- Profit (loss) carried forward +€77,901
up €77,901 (+107.2%), from €72,659 to €150,560
- Tax, wage and social debts -€36,392
down €36,392 (-67.8%), from €53,665 to €17,273
of which Taxes: -€31,613
- Debts after one year -€29,431
down €29,431 (-10.5%), from €280,587 to €251,155
- Gross operating margin +€26,516
up €26,516 (+17.5%), from €151,462 to €177,978
- Financial income -€5,304
down €5,304 (-61.2%), from €8,667 to €3,364
- Other operating charges +€4,463
up €4,463 (+121.8%), from €3,665 to €8,128
- Taxes +€3,863
up €3,863 (+15.0%), from €25,804 to €29,667
- Financial charges +€2,521
up €2,521 (+17.9%), from €14,099 to €16,620
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 | €1,480,873 | €1,149,385 | -€331,488 | -22.4% |
| Fixed assets | 21/28 | €329,471 | €315,489 | -€13,981 | -4.2% |
| Intangible fixed assets | 21 | €6,341 | €3,708 | -€2,633 | -41.5% |
| Tangible fixed assets | 22/27 | €321,269 | €309,921 | -€11,348 | -3.5% |
| Land and buildings | 22 | €224,016 | €223,827 | -€189 | -0.1% |
| Plant, machinery and equipment | 23 | €34,000 | €44,532 | +€10,532 | +31.0% |
| Furniture and vehicles | 24 | €63,254 | €41,563 | -€21,691 | -34.3% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €1,151,403 | €833,896 | -€317,507 | -27.6% |
| Amounts receivable after more than one year | 29 | €300,000 | €0 | -€300,000 | -100.0% |
| Other amounts receivable | 291 | €300,000 | €0 | -€300,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €582,014 | €568,323 | -€13,691 | -2.4% |
| Trade receivables | 40 | €238,088 | €210,692 | -€27,396 | -11.5% |
| Other amounts receivable | 41 | €343,926 | €357,631 | +€13,705 | +4.0% |
| Cash at bank and in hand | 54/58 | €269,388 | €262,560 | -€6,828 | -2.5% |
| Deferred charges and accrued income | 490/1 | €0 | €3,013 | +€3,013 | |
| Total equity and liabilities | 10/49 | €1,480,873 | €1,149,385 | -€331,488 | -22.4% |
| Equity | 10/15 | €985,619 | €366,020 | -€619,599 | -62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €894,360 | €196,860 | -€697,500 | -78.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €892,500 | €195,000 | -€697,500 | -78.2% |
| Profit (loss) carried forward | 14 | €72,659 | €150,560 | +€77,901 | +107.2% |
| Amounts payable | 17/49 | €495,254 | €783,365 | +€288,111 | +58.2% |
| Amounts payable after more than one year | 17 | €280,587 | €251,155 | -€29,431 | -10.5% |
| Financial debts | 170/4 | €280,587 | €251,155 | -€29,431 | -10.5% |
| Amounts payable within one year | 42/48 | €214,667 | €532,210 | +€317,542 | +147.9% |
| Current portion of amounts payable after more than one year | 42 | €95,730 | €108,333 | +€12,603 | +13.2% |
| Trade debts | 44 | €50,002 | €31,429 | -€18,572 | -37.1% |
| Suppliers | 440/4 | €50,002 | €31,429 | -€18,572 | -37.1% |
| Taxes, remuneration and social security | 45 | €53,665 | €17,273 | -€36,392 | -67.8% |
| Taxes | 450/3 | €48,742 | €17,129 | -€31,613 | -64.9% |
| Remuneration and social security | 454/9 | €4,923 | €144 | -€4,779 | -97.1% |
| Other amounts payable | 47/48 | €15,271 | €375,174 | +€359,903 | +2356.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,893 | €49,026 | +€2,132 | +4.5% |
| Other operating charges | 640/8 | €3,665 | €8,128 | +€4,463 | +121.8% |
| Gross operating margin | 9900 | €151,462 | €177,978 | +€26,516 | +17.5% |
| Operating profit (loss) | 9901 | €100,904 | €120,824 | +€19,921 | +19.7% |
| Financial income | 75/76B | €8,667 | €3,364 | -€5,304 | -61.2% |
| Recurring financial income | 75 | €8,667 | €3,364 | -€5,304 | -61.2% |
| Financial charges | 65/66B | €14,099 | €16,620 | +€2,521 | +17.9% |
| Recurring financial charges | 65 | €14,099 | €16,620 | +€2,521 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €95,472 | €107,568 | +€12,096 | +12.7% |
| Income taxes | 67/77 | €25,804 | €29,667 | +€3,863 | +15.0% |
| Profit (loss) for the period | 9904 | €69,668 | €77,901 | +€8,233 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,668 | €77,901 | +€8,233 | +11.8% |
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.