MB Tech: 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 Tech
Largest movements
- Receivables within one year -€800,455
down €800,455 (-43.0%), from €1.9m to €1.1m
of which Trade receivables: -€925,910
- Stocks and contracts +€182,995
new in 2025: €182,995
- Receivables after one year +€181,500
up €181,500 (+134.4%), from €135,000 to €316,500
- Tangible fixed assets +€56,350
up €56,350 (+57.0%), from €98,776 to €155,126
of which Furniture and vehicles: +€69,766
- Trade debts -€400,261
down €400,261 (-35.7%), from €1.1m to €720,359
- Reserves +€92,481
up €92,481 (+7795.2%), from €1,186 to €93,667
- Debts after one year -€38,042
down €38,042 (-38.8%), from €98,159 to €60,116
- Tax, wage and social debts -€29,285
down €29,285 (-23.5%), from €124,583 to €95,298
of which Taxes: -€28,110
- Short-term financial debts +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Gross operating margin -€327,411
down €327,411 (-51.4%), from €636,516 to €309,106
- Staff costs -€172,624
down €172,624 (-63.6%), from €271,398 to €98,774
- Taxes -€34,842
down €34,842 (-42.3%), from €82,287 to €47,445
- Depreciation +€18,984
up €18,984 (+53.7%), from €35,358 to €54,342
- Financial income +€14,735
up €14,735 (+34282.7%), from €43 to €14,778
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 | €2,107,171 | €1,734,494 | -€372,676 | -17.7% |
| Fixed assets | 21/28 | €98,886 | €155,236 | +€56,350 | +57.0% |
| Tangible fixed assets | 22/27 | €98,776 | €155,126 | +€56,350 | +57.0% |
| Plant, machinery and equipment | 23 | €38,326 | €24,910 | -€13,416 | -35.0% |
| Furniture and vehicles | 24 | €60,450 | €130,216 | +€69,766 | +115.4% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €2,008,285 | €1,579,258 | -€429,027 | -21.4% |
| Amounts receivable after more than one year | 29 | €135,000 | €316,500 | +€181,500 | +134.4% |
| Other amounts receivable | 291 | €135,000 | €316,500 | +€181,500 | +134.4% |
| Stocks and contracts in progress | 3 | - | €182,995 | +€182,995 | |
| Contracts in progress | 37 | - | €182,995 | +€182,995 | |
| Amounts receivable within one year | 40/41 | €1,862,333 | €1,061,878 | -€800,455 | -43.0% |
| Trade receivables | 40 | €1,554,517 | €628,607 | -€925,910 | -59.6% |
| Other amounts receivable | 41 | €307,816 | €433,271 | +€125,455 | +40.8% |
| Cash at bank and in hand | 54/58 | €8,048 | €11,518 | +€3,470 | +43.1% |
| Deferred charges and accrued income | 490/1 | €2,903 | €6,367 | +€3,464 | +119.3% |
| Total equity and liabilities | 10/49 | €2,107,171 | €1,734,494 | -€372,676 | -17.7% |
| Equity | 10/15 | €518,858 | €611,338 | +€92,481 | +17.8% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €1,186 | €93,667 | +€92,481 | +7795.2% |
| Distributable reserves | 133 | €1,186 | €93,667 | +€92,481 | +7795.2% |
| Profit (loss) carried forward | 14 | €509,471 | €509,471 | = | 0.0% |
| Amounts payable | 17/49 | €1,588,313 | €1,123,156 | -€465,157 | -29.3% |
| Amounts payable after more than one year | 17 | €98,159 | €60,116 | -€38,042 | -38.8% |
| Financial debts | 170/4 | €98,159 | €60,116 | -€38,042 | -38.8% |
| Amounts payable within one year | 42/48 | €1,490,154 | €1,063,039 | -€427,114 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €144,951 | €122,382 | -€22,569 | -15.6% |
| Financial debts | 43 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Trade debts | 44 | €1,120,620 | €720,359 | -€400,261 | -35.7% |
| Suppliers | 440/4 | €1,120,620 | €720,359 | -€400,261 | -35.7% |
| Taxes, remuneration and social security | 45 | €124,583 | €95,298 | -€29,285 | -23.5% |
| Taxes | 450/3 | €109,461 | €81,350 | -€28,110 | -25.7% |
| Remuneration and social security | 454/9 | €15,122 | €13,948 | -€1,174 | -7.8% |
| Remuneration, social security and pensions | 62 | €271,398 | €98,774 | -€172,624 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,358 | €54,342 | +€18,984 | +53.7% |
| Other operating charges | 640/8 | €4,395 | €5,652 | +€1,257 | +28.6% |
| Gross operating margin | 9900 | €636,516 | €309,106 | -€327,411 | -51.4% |
| Operating profit (loss) | 9901 | €325,366 | €150,338 | -€175,029 | -53.8% |
| Financial income | 75/76B | €43 | €14,778 | +€14,735 | +34282.7% |
| Recurring financial income | 75 | €43 | €14,778 | +€14,735 | +34282.7% |
| Financial charges | 65/66B | €19,961 | €25,189 | +€5,229 | +26.2% |
| Recurring financial charges | 65 | €19,961 | €25,189 | +€5,229 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €305,449 | €139,926 | -€165,523 | -54.2% |
| Income taxes | 67/77 | €82,287 | €47,445 | -€34,842 | -42.3% |
| Profit (loss) for the period | 9904 | €223,162 | €92,481 | -€130,681 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €223,162 | €92,481 | -€130,681 | -58.6% |
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 10 October 2026 via checked.be.