MB TRADING: 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 TRADING
Largest movements
- Financial fixed assets -€116,500
down €116,500 (-14.0%), from €834,000 to €717,500
- Cash +€61,636
up €61,636 (+391%), from €15,779 to €77,416
mainly Investment in fixed assets (net) (+€116,500) and Net result for the year (+€38,837)
- Receivables within one year +€36,532
up €36,532 (+11,488%), from €318 to €36,850
of which Trade receivables: +€36,300
- Debts after one year -€56,000
down €56,000 (-60.0%), from €93,333 to €37,333
- Reserves +€38,837
up €38,837 (+6.8%), from €567,097 to €605,934
of which Distributable reserves: +€38,837
- Financial charges +€13,884
up €13,884 (+667%), from €2,080 to €15,965
of which Non-recurring financial charges: +€14,500
- Gross operating margin -€6,341
down €6,341 (-9.0%), from €70,786 to €64,444
- Financial income +€6,158
up €6,158, from €0 to €6,158
- Taxes -€3,083
down €3,083 (-17.3%), from €17,789 to €14,707
- Depreciation -€1,867
down €1,867 (-100%), from €1,867 to €0
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 | €857,019 | €835,717 | -€21,302 | -2.5% |
| Fixed assets | 21/28 | €834,000 | €717,500 | -€116,500 | -14.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €834,000 | €717,500 | -€116,500 | -14.0% |
| Current assets | 29/58 | €23,019 | €118,217 | +€95,198 | +414% |
| Stocks and contracts in progress | 3 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Stocks | 30/36 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €318 | €36,850 | +€36,532 | +11,488% |
| Trade receivables | 40 | €318 | €36,618 | +€36,300 | +11,415% |
| Other amounts receivable | 41 | - | €232 | +€232 | |
| Cash at bank and in hand | 54/58 | €15,779 | €77,416 | +€61,636 | +391% |
| Deferred charges and accrued income | 490/1 | €922 | €951 | +€30 | +3.2% |
| Total equity and liabilities | 10/49 | €857,019 | €835,717 | -€21,302 | -2.5% |
| Equity | 10/15 | €585,697 | €624,534 | +€38,837 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €567,097 | €605,934 | +€38,837 | +6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €567,097 | €605,934 | +€38,837 | +6.8% |
| Amounts payable | 17/49 | €271,322 | €211,183 | -€60,139 | -22.2% |
| Amounts payable after more than one year | 17 | €93,333 | €37,333 | -€56,000 | -60.0% |
| Financial debts | 170/4 | €93,333 | €37,333 | -€56,000 | -60.0% |
| Amounts payable within one year | 42/48 | €173,589 | €168,249 | -€5,339 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €59,836 | €59,814 | -€22 | 0.0% |
| Trade debts | 44 | €12,872 | €7,214 | -€5,658 | -44.0% |
| Suppliers | 440/4 | €12,872 | €7,214 | -€5,658 | -44.0% |
| Taxes, remuneration and social security | 45 | €14,686 | €11,811 | -€2,875 | -19.6% |
| Taxes | 450/3 | €14,686 | €11,811 | -€2,875 | -19.6% |
| Other amounts payable | 47/48 | €86,195 | €89,411 | +€3,216 | +3.7% |
| Accrued charges and deferred income | 492/3 | €4,400 | €5,600 | +€1,200 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867 | €0 | -€1,867 | -100% |
| Other operating charges | 640/8 | €499 | €1,094 | +€594 | +119% |
| Gross operating margin | 9900 | €70,786 | €64,444 | -€6,341 | -9.0% |
| Operating profit (loss) | 9901 | €68,419 | €63,351 | -€5,068 | -7.4% |
| Financial income | 75/76B | €0 | €6,158 | +€6,158 | |
| Recurring financial income | 75 | €0 | €6,158 | +€6,158 | |
| Financial charges | 65/66B | €2,080 | €15,965 | +€13,884 | +667% |
| Recurring financial charges | 65 | €2,080 | €1,465 | -€616 | -29.6% |
| Non-recurring financial charges | 66B | - | €14,500 | +€14,500 | |
| Profit (loss) for the period before taxes | 9903 | €66,339 | €53,543 | -€12,795 | -19.3% |
| Income taxes | 67/77 | €17,789 | €14,707 | -€3,083 | -17.3% |
| Profit (loss) for the period | 9904 | €48,550 | €38,837 | -€9,713 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,550 | €38,837 | -€9,713 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.