MB PUB: 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 PUB
Largest movements
- Cash +€45,915
up €45,915 (+549.0%), from €8,363 to €54,278
mainly Current investments (+€40,000) and Depreciation (+€9,109)
- Current investments -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Tangible fixed assets -€9,109
down €9,109 (-29.2%), from €31,245 to €22,136
- Receivables within one year -€2,142
down €2,142 (-33.8%), from €6,341 to €4,199
of which Other amounts receivable: -€3,473
- Debts after one year -€4,167
down €4,167 (-100.0%), from €4,167 to €0
- Current portion of long-term debt -€4,166
down €4,166 (-50.0%), from €8,333 to €4,167
- Reserves +€1,900
up €1,900 (+7.4%), from €25,760 to €27,660
- Tax, wage and social debts +€1,169
up €1,169 (+1247.5%), from €94 to €1,263
- Gross operating margin +€1,868
up €1,868 (+17.8%), from €10,513 to €12,380
- Taxes +€773
up €773 (+171.6%), from €450 to €1,223
- Write-downs -€200
down €200 (-100.0%), from €200 to €0
- Financial income -€174
down €174 (-17.8%), from €979 to €805
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 | €85,949 | €80,613 | -€5,336 | -6.2% |
| Fixed assets | 21/28 | €31,245 | €22,136 | -€9,109 | -29.2% |
| Tangible fixed assets | 22/27 | €31,245 | €22,136 | -€9,109 | -29.2% |
| Furniture and vehicles | 24 | €31,245 | €22,136 | -€9,109 | -29.2% |
| Current assets | 29/58 | €54,705 | €58,477 | +€3,773 | +6.9% |
| Amounts receivable within one year | 40/41 | €6,341 | €4,199 | -€2,142 | -33.8% |
| Trade receivables | 40 | €121 | €1,452 | +€1,331 | +1100.0% |
| Other amounts receivable | 41 | €6,220 | €2,747 | -€3,473 | -55.8% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,363 | €54,278 | +€45,915 | +549.0% |
| Total equity and liabilities | 10/49 | €85,949 | €80,613 | -€5,336 | -6.2% |
| Equity | 10/15 | €67,051 | €68,974 | +€1,923 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,760 | €27,660 | +€1,900 | +7.4% |
| Distributable reserves | 133 | €25,760 | €27,660 | +€1,900 | +7.4% |
| Profit (loss) carried forward | 14 | €22,691 | €22,714 | +€23 | +0.1% |
| Amounts payable | 17/49 | €18,898 | €11,639 | -€7,259 | -38.4% |
| Amounts payable after more than one year | 17 | €4,167 | €0 | -€4,167 | -100.0% |
| Financial debts | 170/4 | €4,167 | €0 | -€4,167 | -100.0% |
| Amounts payable within one year | 42/48 | €14,731 | €11,639 | -€3,092 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €4,167 | -€4,166 | -50.0% |
| Trade debts | 44 | €400 | €325 | -€75 | -18.7% |
| Suppliers | 440/4 | €400 | €325 | -€75 | -18.7% |
| Taxes, remuneration and social security | 45 | €94 | €1,263 | +€1,169 | +1247.5% |
| Taxes | 450/3 | €94 | €1,263 | +€1,169 | +1247.5% |
| Other amounts payable | 47/48 | €5,905 | €5,885 | -€20 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,109 | €9,109 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €200 | €0 | -€200 | -100.0% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Gross operating margin | 9900 | €10,513 | €12,380 | +€1,868 | +17.8% |
| Operating profit (loss) | 9901 | €668 | €2,723 | +€2,055 | +307.8% |
| Financial income | 75/76B | €979 | €805 | -€174 | -17.8% |
| Recurring financial income | 75 | €979 | €805 | -€174 | -17.8% |
| Financial charges | 65/66B | €381 | €382 | +€1 | +0.4% |
| Recurring financial charges | 65 | €381 | €382 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €1,266 | €3,146 | +€1,880 | +148.5% |
| Income taxes | 67/77 | €450 | €1,223 | +€773 | +171.6% |
| Profit (loss) for the period | 9904 | €816 | €1,923 | +€1,107 | +135.7% |
| Profit (loss) for the period to be appropriated | 9905 | €816 | €1,923 | +€1,107 | +135.7% |
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 30 September 2026 via checked.be.