MB RESTO: 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 RESTO
Largest movements
- Receivables within one year -€39,081
down €39,081 (-53.1%), from €73,645 to €34,563
of which Trade receivables: -€42,740
- Tangible fixed assets -€30,477
down €30,477 (-44.0%), from €69,309 to €38,832
of which Plant, machinery and equipment: -€26,239
- Cash -€12,363
down €12,363 (-23.8%), from €52,010 to €39,647
mainly Other debts (-€75,503) and Trade debts (-€46,288)
- Stocks and contracts +€2,629
up €2,629 (+15.9%), from €16,496 to €19,125
- Other debts -€75,503
down €75,503 (-29.6%), from €254,707 to €179,204
- Debts after one year +€54,343
up €54,343 (+12.8%), from €423,904 to €478,247
- Trade debts -€46,288
down €46,288 (-52.7%), from €87,907 to €41,620
- Current portion of long-term debt -€30,508
no longer reported in 2025 (was €30,508)
- Tax, wage and social debts +€16,215
up €16,215 (+21.6%), from €75,153 to €91,368
of which Remuneration and social security: +€10,188
- Depreciation -€76,112
down €76,112 (-70.2%), from €108,390 to €32,277
- Staff costs -€37,404
down €37,404 (-13.0%), from €288,176 to €250,772
- Gross operating margin -€11,217
down €11,217 (-3.6%), from €314,657 to €303,439
- Financial charges +€6,752
up €6,752 (+84.9%), from €7,952 to €14,704
- Other operating charges +€3,899
up €3,899 (+331.0%), from €1,178 to €5,077
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 | €223,866 | €142,773 | -€81,092 | -36.2% |
| Fixed assets | 21/28 | €81,714 | €49,437 | -€32,277 | -39.5% |
| Intangible fixed assets | 21 | €7,466 | €5,666 | -€1,800 | -24.1% |
| Tangible fixed assets | 22/27 | €69,309 | €38,832 | -€30,477 | -44.0% |
| Plant, machinery and equipment | 23 | €51,219 | €24,980 | -€26,239 | -51.2% |
| Furniture and vehicles | 24 | €1,725 | €632 | -€1,093 | -63.4% |
| Other tangible fixed assets | 26 | €16,365 | €13,220 | -€3,146 | -19.2% |
| Financial fixed assets | 28 | €4,939 | €4,939 | = | 0.0% |
| Current assets | 29/58 | €142,151 | €93,336 | -€48,815 | -34.3% |
| Stocks and contracts in progress | 3 | €16,496 | €19,125 | +€2,629 | +15.9% |
| Stocks | 30/36 | €16,496 | €19,125 | +€2,629 | +15.9% |
| Amounts receivable within one year | 40/41 | €73,645 | €34,563 | -€39,081 | -53.1% |
| Trade receivables | 40 | €54,620 | €11,880 | -€42,740 | -78.2% |
| Other amounts receivable | 41 | €19,025 | €22,683 | +€3,659 | +19.2% |
| Cash at bank and in hand | 54/58 | €52,010 | €39,647 | -€12,363 | -23.8% |
| Total equity and liabilities | 10/49 | €223,866 | €142,773 | -€81,092 | -36.2% |
| Equity | 10/15 | -€648,314 | -€647,665 | +€649 | +0.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€673,314 | -€672,665 | +€649 | +0.1% |
| Amounts payable | 17/49 | €872,179 | €790,438 | -€81,741 | -9.4% |
| Amounts payable after more than one year | 17 | €423,904 | €478,247 | +€54,343 | +12.8% |
| Financial debts | 170/4 | €423,904 | €478,247 | +€54,343 | +12.8% |
| Amounts payable within one year | 42/48 | €448,275 | €312,191 | -€136,084 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €30,508 | - | -€30,508 | |
| Trade debts | 44 | €87,907 | €41,620 | -€46,288 | -52.7% |
| Suppliers | 440/4 | €87,907 | €41,620 | -€46,288 | -52.7% |
| Taxes, remuneration and social security | 45 | €75,153 | €91,368 | +€16,215 | +21.6% |
| Taxes | 450/3 | €34,511 | €40,537 | +€6,027 | +17.5% |
| Remuneration and social security | 454/9 | €40,642 | €50,830 | +€10,188 | +25.1% |
| Other amounts payable | 47/48 | €254,707 | €179,204 | -€75,503 | -29.6% |
| Remuneration, social security and pensions | 62 | €288,176 | €250,772 | -€37,404 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,390 | €32,277 | -€76,112 | -70.2% |
| Other operating charges | 640/8 | €1,178 | €5,077 | +€3,899 | +331.0% |
| Gross operating margin | 9900 | €314,657 | €303,439 | -€11,217 | -3.6% |
| Operating profit (loss) | 9901 | -€83,086 | €15,313 | +€98,399 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €7,952 | €14,704 | +€6,752 | +84.9% |
| Recurring financial charges | 65 | €7,952 | €14,704 | +€6,752 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | -€91,039 | €649 | +€91,688 | |
| Profit (loss) for the period | 9904 | -€91,039 | €649 | +€91,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,039 | €649 | +€91,688 |
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 7 October 2026 via checked.be.