mb projects: 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 projects
Largest movements
- Tangible fixed assets -€17,243
no longer reported in 2025 (was €17,243)
- Receivables within one year -€2,143
down €2,143 (-70.6%), from €3,034 to €891
of which Other amounts receivable: -€1,248
- Cash +€777
up €777 (+18.3%), from €4,236 to €5,013
mainly Investment in fixed assets (net) (+€17,243) and Receivables within one year (+€2,143)
- Tax, wage and social debts -€6,178
down €6,178 (-97.0%), from €6,372 to €194
of which Remuneration and social security: -€5,700
- Current portion of long-term debt -€4,939
no longer reported in 2025 (was €4,939)
- Other debts -€4,337
no longer reported in 2025 (was €4,337)
- Debts after one year -€3,862
no longer reported in 2025 (was €3,862)
- Profit (loss) carried forward +€745
up €745 (+29.3%), from €2,544 to €3,289
- Financial charges +€1,754
up €1,754 (+412%), from €426 to €2,180
- Depreciation -€1,257
no longer reported in 2025 (was €1,257)
- Gross operating margin -€1,218
down €1,218 (-24.9%), from €4,899 to €3,681
- Other operating charges +€589
new in 2025: €589
- Taxes -€478
down €478 (-71.1%), from €672 to €194
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 | €24,554 | €5,983 | -€18,571 | -75.6% |
| Fixed assets | 21/28 | €17,243 | - | -€17,243 | |
| Tangible fixed assets | 22/27 | €17,243 | - | -€17,243 | |
| Plant, machinery and equipment | 23 | €17,243 | - | -€17,243 | |
| Current assets | 29/58 | €7,311 | €5,983 | -€1,328 | -18.2% |
| Amounts receivable within one year | 40/41 | €3,034 | €891 | -€2,143 | -70.6% |
| Trade receivables | 40 | €1,006 | €111 | -€895 | -89.0% |
| Other amounts receivable | 41 | €2,028 | €780 | -€1,248 | -61.5% |
| Cash at bank and in hand | 54/58 | €4,236 | €5,013 | +€777 | +18.3% |
| Deferred charges and accrued income | 490/1 | €41 | €79 | +€38 | +92.1% |
| Total equity and liabilities | 10/49 | €24,554 | €5,983 | -€18,571 | -75.6% |
| Equity | 10/15 | €5,044 | €5,789 | +€745 | +14.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,544 | €3,289 | +€745 | +29.3% |
| Amounts payable | 17/49 | €19,510 | €194 | -€19,316 | -99.0% |
| Amounts payable after more than one year | 17 | €3,862 | - | -€3,862 | |
| Financial debts | 170/4 | €3,862 | - | -€3,862 | |
| Amounts payable within one year | 42/48 | €15,648 | €194 | -€15,454 | -98.8% |
| Current portion of amounts payable after more than one year | 42 | €4,939 | - | -€4,939 | |
| Taxes, remuneration and social security | 45 | €6,372 | €194 | -€6,178 | -97.0% |
| Taxes | 450/3 | €672 | €194 | -€478 | -71.1% |
| Remuneration and social security | 454/9 | €5,700 | - | -€5,700 | |
| Other amounts payable | 47/48 | €4,337 | - | -€4,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,257 | - | -€1,257 | |
| Other operating charges | 640/8 | - | €589 | +€589 | |
| Gross operating margin | 9900 | €4,899 | €3,681 | -€1,218 | -24.9% |
| Operating profit (loss) | 9901 | €3,642 | €3,092 | -€550 | -15.1% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €426 | €2,180 | +€1,754 | +412% |
| Recurring financial charges | 65 | €426 | €2,180 | +€1,754 | +412% |
| Profit (loss) for the period before taxes | 9903 | €3,216 | €939 | -€2,277 | -70.8% |
| Income taxes | 67/77 | €672 | €194 | -€478 | -71.1% |
| Profit (loss) for the period | 9904 | €2,544 | €745 | -€1,799 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,544 | €745 | -€1,799 | -70.7% |
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 17 October 2026 via checked.be.