MB VASTGOED: 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 VASTGOED
Largest movements
- Tangible fixed assets +€79,314
up €79,314 (+5.2%), from €1.5m to €1.6m
of which Land and buildings: +€129,552
- Receivables within one year +€21,565
up €21,565 (+61.3%), from €35,179 to €56,745
of which Other amounts receivable: +€21,565
- Other debts +€165,725
up €165,725 (+22.8%), from €727,300 to €893,025
- Debts after one year -€65,685
down €65,685 (-9.7%), from €678,231 to €612,546
- Staff costs +€6,249
up €6,249 (+19.7%), from €31,709 to €37,957
- Other operating charges -€5,736
down €5,736 (-44.5%), from €12,898 to €7,163
- Depreciation +€4,300
up €4,300 (+3.8%), from €113,855 to €118,155
- Gross operating margin +€2,546
up €2,546 (+1.5%), from €173,612 to €176,158
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 | €1,565,270 | €1,666,986 | +€101,716 | +6.5% |
| Fixed assets | 21/28 | €1,518,999 | €1,598,313 | +€79,314 | +5.2% |
| Tangible fixed assets | 22/27 | €1,513,999 | €1,593,313 | +€79,314 | +5.2% |
| Land and buildings | 22 | €1,301,964 | €1,431,515 | +€129,552 | +10.0% |
| Plant, machinery and equipment | 23 | €8,260 | €9,439 | +€1,179 | +14.3% |
| Furniture and vehicles | 24 | €203,775 | €152,359 | -€51,416 | -25.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €46,271 | €68,673 | +€22,402 | +48.4% |
| Amounts receivable within one year | 40/41 | €35,179 | €56,745 | +€21,565 | +61.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €35,179 | €56,745 | +€21,565 | +61.3% |
| Cash at bank and in hand | 54/58 | €11,092 | €8,344 | -€2,748 | -24.8% |
| Deferred charges and accrued income | 490/1 | - | €3,585 | +€3,585 | |
| Total equity and liabilities | 10/49 | €1,565,270 | €1,666,986 | +€101,716 | +6.5% |
| Equity | 10/15 | €92,807 | €93,003 | +€197 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,807 | €73,003 | +€197 | +0.3% |
| Distributable reserves | 133 | €72,807 | €73,003 | +€197 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,472,463 | €1,573,983 | +€101,520 | +6.9% |
| Amounts payable after more than one year | 17 | €678,231 | €612,546 | -€65,685 | -9.7% |
| Financial debts | 170/4 | €678,231 | €612,546 | -€65,685 | -9.7% |
| Amounts payable within one year | 42/48 | €794,232 | €961,437 | +€167,205 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €64,473 | €65,685 | +€1,212 | +1.9% |
| Trade debts | 44 | €1,631 | €1,746 | +€115 | +7.1% |
| Suppliers | 440/4 | €1,631 | €1,746 | +€115 | +7.1% |
| Taxes, remuneration and social security | 45 | €829 | €981 | +€153 | +18.4% |
| Taxes | 450/3 | €795 | €981 | +€186 | +23.4% |
| Remuneration and social security | 454/9 | €34 | €0 | -€34 | -100% |
| Other amounts payable | 47/48 | €727,300 | €893,025 | +€165,725 | +22.8% |
| Remuneration, social security and pensions | 62 | €31,709 | €37,957 | +€6,249 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,855 | €118,155 | +€4,300 | +3.8% |
| Other operating charges | 640/8 | €12,898 | €7,163 | -€5,736 | -44.5% |
| Gross operating margin | 9900 | €173,612 | €176,158 | +€2,546 | +1.5% |
| Operating profit (loss) | 9901 | €15,150 | €12,884 | -€2,267 | -15.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,916 | €11,706 | -€1,210 | -9.4% |
| Recurring financial charges | 65 | €12,916 | €11,706 | -€1,210 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €2,234 | €1,178 | -€1,057 | -47.3% |
| Income taxes | 67/77 | €795 | €981 | +€186 | +23.4% |
| Profit (loss) for the period | 9904 | €1,440 | €197 | -€1,243 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,440 | €197 | -€1,243 | -86.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.