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MB Services: 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.

What changed

MB Services

BE 0674.785.844
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€40,620
2024 · €44,574-€3,954
Equity
€131,825
2024 · €185,705-€53,880
Cash
€186,009
2024 · €150,510+€35,498
Balance sheet total
€247,845
2024 · €233,275+€14,569

Largest movements

2024 to 2025
Assets
  • Cash +€35,498

    up €35,498 (+23.6%), from €150,510 to €186,009

    mainly Other debts (+€72,147) and Net result for the year (+€40,620)

  • Tangible fixed assets -€18,611

    down €18,611 (-41.4%), from €44,928 to €26,317

    of which Furniture and vehicles: -€12,356

Equity and liabilities
  • Other debts +€72,147

    up €72,147 (+322.8%), from €22,353 to €94,500

  • Profit (loss) carried forward -€35,193

    down €35,193 (-99.3%), from €35,451 to €258

  • Reserves -€18,687

    down €18,687 (-13.9%), from €134,860 to €116,173

  • Tax, wage and social debts -€4,561

    down €4,561 (-21.8%), from €20,878 to €16,316

Income statement
  • Gross operating margin -€20,021

    down €20,021 (-21.0%), from €95,458 to €75,437

  • Other operating charges -€10,106

    down €10,106 (-91.0%), from €11,102 to €996

  • Taxes -€4,571

    down €4,571 (-24.7%), from €18,475 to €13,903

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €44,574
Gross operating margin -€20,021
Depreciation +€837
Other operating charges +€10,106
Financial income +€0
Financial charges +€553
Taxes +€4,571
Result 2025 €40,620

Cash bridge derived

cash 2024 to 2025

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.

From operations +€131,124
Investment -€1,151
Financing -€94,474
Cash 2024 €150,510
Net result for the year +€40,620
Depreciation +€19,762
Receivables within one year +€2,402
Smaller working-capital items -€25
Trade debts +€779
Tax, wage and social debts -€4,561
Other debts +€72,147
Investment in fixed assets (net) -€1,151
Short-term financial debts +€26
Contributions, distributions and other -€94,500
Cash 2025 €186,009
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €233,275 €247,845 +€14,569 +6.2%
Formation expenses 20 €0 €0 =
Fixed assets 21/28 €44,928 €26,317 -€18,611 -41.4%
Tangible fixed assets 22/27 €44,928 €26,317 -€18,611 -41.4%
Land and buildings 22 €30,932 €24,677 -€6,255 -20.2%
Furniture and vehicles 24 €13,996 €1,640 -€12,356 -88.3%
Current assets 29/58 €188,347 €221,527 +€33,181 +17.6%
Amounts receivable within one year 40/41 €36,775 €34,372 -€2,402 -6.5%
Trade receivables 40 €16,712 €18,392 +€1,680 +10.1%
Other amounts receivable 41 €20,063 €15,980 -€4,082 -20.3%
Cash at bank and in hand 54/58 €150,510 €186,009 +€35,498 +23.6%
Deferred charges and accrued income 490/1 €1,062 €1,146 +€84 +7.9%
Total equity and liabilities 10/49 €233,275 €247,845 +€14,569 +6.2%
Equity 10/15 €185,705 €131,825 -€53,880 -29.0%
Contributions 10/11 €15,394 €15,394 = 0.0%
Reserves 13 €134,860 €116,173 -€18,687 -13.9%
Distributable reserves 133 €134,860 €116,173 -€18,687 -13.9%
Profit (loss) carried forward 14 €35,451 €258 -€35,193 -99.3%
Amounts payable 17/49 €47,570 €116,019 +€68,449 +143.9%
Amounts payable within one year 42/48 €46,066 €114,456 +€68,390 +148.5%
Financial debts 43 €19 €45 +€26 +132.5%
Credit institutions 430/8 €19 €45 +€26 +132.5%
Trade debts 44 €2,816 €3,595 +€779 +27.7%
Suppliers 440/4 €2,816 €3,595 +€779 +27.7%
Taxes, remuneration and social security 45 €20,878 €16,316 -€4,561 -21.8%
Taxes 450/3 €20,878 €16,316 -€4,561 -21.8%
Other amounts payable 47/48 €22,353 €94,500 +€72,147 +322.8%
Accrued charges and deferred income 492/3 €1,504 €1,564 +€59 +3.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €20,599 €19,762 -€837 -4.1%
Other operating charges 640/8 €11,102 €996 -€10,106 -91.0%
Gross operating margin 9900 €95,458 €75,437 -€20,021 -21.0%
Operating profit (loss) 9901 €63,757 €54,679 -€9,078 -14.2%
Financial income 75/76B - €0 +€0
Recurring financial income 75 - €0 +€0
Financial charges 65/66B €708 €155 -€553 -78.1%
Recurring financial charges 65 €708 €155 -€553 -78.1%
Profit (loss) for the period before taxes 9903 €63,049 €54,524 -€8,525 -13.5%
Income taxes 67/77 €18,475 €13,903 -€4,571 -24.7%
Profit (loss) for the period 9904 €44,574 €40,620 -€3,954 -8.9%
Profit (loss) for the period to be appropriated 9905 €44,574 €40,620 -€3,954 -8.9%

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.