MB SURGERY: 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 SURGERY
Largest movements
- Receivables within one year -€28,743
down €28,743 (-29.4%), from €97,917 to €69,174
of which Trade receivables: -€27,592
- Receivables after one year -€23,332
no longer reported in 2025 (was €23,332)
- Tangible fixed assets -€16,623
down €16,623 (-6.3%), from €263,926 to €247,303
of which Land and buildings: -€9,015
- Cash +€16,132
up €16,132 (+122%), from €13,242 to €29,374
mainly Net result for the year (+€28,779) and Receivables within one year (+€28,743)
- Short-term financial debts -€26,565
no longer reported in 2025 (was €26,565)
- Debts after one year -€24,800
down €24,800 (-29.3%), from €84,758 to €59,958
- Reserves -€5,034
down €5,034 (-2.8%), from €179,346 to €174,312
of which Distributable reserves: -€5,034
- Current portion of long-term debt +€4,953
up €4,953 (+15.6%), from €31,708 to €36,661
- Gross operating margin -€22,461
down €22,461 (-23.2%), from €96,629 to €74,168
- Taxes -€5,147
down €5,147 (-26.6%), from €19,318 to €14,171
- Financial charges -€1,901
down €1,901 (-16.5%), from €11,498 to €9,597
- Financial income +€1,789
up €1,789 (+2,442%), from €73 to €1,862
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 | €402,534 | €347,267 | -€55,267 | -13.7% |
| Fixed assets | 21/28 | €264,026 | €247,403 | -€16,623 | -6.3% |
| Tangible fixed assets | 22/27 | €263,926 | €247,303 | -€16,623 | -6.3% |
| Land and buildings | 22 | €207,200 | €198,185 | -€9,015 | -4.4% |
| Plant, machinery and equipment | 23 | €53,524 | €45,321 | -€8,203 | -15.3% |
| Furniture and vehicles | 24 | €3,201 | €3,797 | +€596 | +18.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €138,508 | €99,864 | -€38,644 | -27.9% |
| Amounts receivable after more than one year | 29 | €23,332 | - | -€23,332 | |
| Trade receivables | 290 | €23,332 | - | -€23,332 | |
| Amounts receivable within one year | 40/41 | €97,917 | €69,174 | -€28,743 | -29.4% |
| Trade receivables | 40 | €77,964 | €50,372 | -€27,592 | -35.4% |
| Other amounts receivable | 41 | €19,953 | €18,803 | -€1,151 | -5.8% |
| Cash at bank and in hand | 54/58 | €13,242 | €29,374 | +€16,132 | +122% |
| Deferred charges and accrued income | 490/1 | €4,017 | €1,315 | -€2,701 | -67.3% |
| Total equity and liabilities | 10/49 | €402,534 | €347,267 | -€55,267 | -13.7% |
| Equity | 10/15 | €250,204 | €245,170 | -€5,034 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,346 | €174,312 | -€5,034 | -2.8% |
| 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 | €177,486 | €172,452 | -€5,034 | -2.8% |
| Profit (loss) carried forward | 14 | €52,258 | €52,258 | = | 0.0% |
| Amounts payable | 17/49 | €152,330 | €102,097 | -€50,233 | -33.0% |
| Amounts payable after more than one year | 17 | €84,758 | €59,958 | -€24,800 | -29.3% |
| Financial debts | 170/4 | €84,758 | €59,958 | -€24,800 | -29.3% |
| Amounts payable within one year | 42/48 | €66,339 | €42,139 | -€24,200 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €31,708 | €36,661 | +€4,953 | +15.6% |
| Financial debts | 43 | €26,565 | - | -€26,565 | |
| Credit institutions | 430/8 | €26,565 | - | -€26,565 | |
| Trade debts | 44 | €4,526 | €3,280 | -€1,246 | -27.5% |
| Suppliers | 440/4 | €4,526 | €3,280 | -€1,246 | -27.5% |
| Taxes, remuneration and social security | 45 | €3,540 | €2,198 | -€1,342 | -37.9% |
| Taxes | 450/3 | €3,540 | €2,198 | -€1,342 | -37.9% |
| Accrued charges and deferred income | 492/3 | €1,233 | - | -€1,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,641 | €20,246 | +€605 | +3.1% |
| Other operating charges | 640/8 | €3,217 | €3,237 | +€20 | +0.6% |
| Gross operating margin | 9900 | €96,629 | €74,168 | -€22,461 | -23.2% |
| Operating profit (loss) | 9901 | €73,771 | €50,685 | -€23,087 | -31.3% |
| Financial income | 75/76B | €73 | €1,862 | +€1,789 | +2,442% |
| Recurring financial income | 75 | €73 | €1,862 | +€1,789 | +2,442% |
| Financial charges | 65/66B | €11,498 | €9,597 | -€1,901 | -16.5% |
| Recurring financial charges | 65 | €11,498 | €9,597 | -€1,901 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €62,347 | €42,950 | -€19,397 | -31.1% |
| Income taxes | 67/77 | €19,318 | €14,171 | -€5,147 | -26.6% |
| Profit (loss) for the period | 9904 | €43,028 | €28,779 | -€14,250 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,028 | €28,779 | -€14,250 | -33.1% |
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 21 October 2026 via checked.be.