MB Ventures: 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 Ventures
Largest movements
- Tangible fixed assets +€862,357
up €862,357 (+255%), from €338,180 to €1.2m
of which Land and buildings: +€757,773
- Cash -€272,602
down €272,602 (-63.0%), from €432,680 to €160,078
mainly Investment in fixed assets (net) (-€912,084) and Net result for the year (-€32,822)
- Receivables within one year -€64,415
down €64,415 (-26.3%), from €244,680 to €180,265
of which Other amounts receivable: -€84,197
- Debts after one year +€482,392
up €482,392 (+143%), from €338,325 to €820,717
of which Financial debts: +€482,392
- Other debts +€86,979
up €86,979 (+610%), from €14,250 to €101,229
- Profit (loss) carried forward -€29,125
new in 2025: -€29,125
- Gross operating margin -€438,090
down €438,090 (-88.8%), from €493,124 to €55,034
- Depreciation +€34,251
up €34,251 (+221%), from €15,476 to €49,727
- Taxes -€17,017
down €17,017 (-81.8%), from €20,803 to €3,786
- Financial charges +€5,590
up €5,590 (+21.9%), from €25,524 to €31,114
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 | €1,844,459 | €2,370,299 | +€525,840 | +28.5% |
| Fixed assets | 21/28 | €1,140,130 | €2,002,487 | +€862,357 | +75.6% |
| Tangible fixed assets | 22/27 | €338,180 | €1,200,537 | +€862,357 | +255% |
| Land and buildings | 22 | €321,621 | €1,079,394 | +€757,773 | +236% |
| Plant, machinery and equipment | 23 | €4,239 | €9,101 | +€4,862 | +115% |
| Furniture and vehicles | 24 | €12,320 | €9,526 | -€2,794 | -22.7% |
| Leasing and similar rights | 25 | - | €88,282 | +€88,282 | |
| Other tangible fixed assets | 26 | - | €14,234 | +€14,234 | |
| Financial fixed assets | 28 | €801,950 | €801,950 | = | 0.0% |
| Current assets | 29/58 | €704,329 | €367,812 | -€336,517 | -47.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Trade receivables | 290 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244,680 | €180,265 | -€64,415 | -26.3% |
| Trade receivables | 40 | €80,000 | €99,782 | +€19,782 | +24.7% |
| Other amounts receivable | 41 | €164,680 | €80,483 | -€84,197 | -51.1% |
| Cash at bank and in hand | 54/58 | €432,680 | €160,078 | -€272,602 | -63.0% |
| Deferred charges and accrued income | 490/1 | €1,969 | €2,469 | +€500 | +25.4% |
| Total equity and liabilities | 10/49 | €1,844,459 | €2,370,299 | +€525,840 | +28.5% |
| Equity | 10/15 | €1,126,682 | €1,093,860 | -€32,822 | -2.9% |
| Contributions | 10/11 | €472,560 | €472,560 | = | 0.0% |
| Reserves | 13 | €654,122 | €650,425 | -€3,697 | -0.6% |
| Tax-exempt reserves | 132 | €409,846 | €406,149 | -€3,697 | -0.9% |
| Distributable reserves | 133 | €244,276 | €244,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,125 | -€29,125 | |
| Provisions and deferred taxes | 16 | €136,746 | €135,822 | -€924 | -0.7% |
| Deferred taxes | 168 | €136,746 | €135,822 | -€924 | -0.7% |
| Amounts payable | 17/49 | €581,031 | €1,140,617 | +€559,586 | +96.3% |
| Amounts payable after more than one year | 17 | €338,325 | €820,717 | +€482,392 | +143% |
| Financial debts | 170/4 | €324,000 | €806,392 | +€482,392 | +149% |
| Other amounts payable | 178/9 | €14,325 | €14,325 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,604 | €185,979 | +€88,375 | +90.5% |
| Current portion of amounts payable after more than one year | 42 | €64,725 | €60,602 | -€4,123 | -6.4% |
| Trade debts | 44 | €6,144 | €8,792 | +€2,648 | +43.1% |
| Suppliers | 440/4 | €6,144 | €8,792 | +€2,648 | +43.1% |
| Taxes, remuneration and social security | 45 | €12,485 | €15,356 | +€2,871 | +23.0% |
| Taxes | 450/3 | €9,650 | €11,975 | +€2,325 | +24.1% |
| Remuneration and social security | 454/9 | €2,835 | €3,381 | +€546 | +19.3% |
| Other amounts payable | 47/48 | €14,250 | €101,229 | +€86,979 | +610% |
| Accrued charges and deferred income | 492/3 | €145,102 | €133,921 | -€11,181 | -7.7% |
| Non-recurring operating income | 76A | €419,100 | - | -€419,100 | |
| Remuneration, social security and pensions | 62 | €649 | - | -€649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,476 | €49,727 | +€34,251 | +221% |
| Other operating charges | 640/8 | €2,725 | €5,241 | +€2,516 | +92.3% |
| Gross operating margin | 9900 | €493,124 | €55,034 | -€438,090 | -88.8% |
| Operating profit (loss) | 9901 | €474,274 | €66 | -€474,208 | -100.0% |
| Financial income | 75/76B | - | €1,088 | +€1,088 | |
| Recurring financial income | 75 | - | €1,088 | +€1,088 | |
| Financial charges | 65/66B | €25,524 | €31,114 | +€5,590 | +21.9% |
| Recurring financial charges | 65 | €25,524 | €31,114 | +€5,590 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €448,750 | -€29,960 | -€478,710 | |
| Transfer from deferred taxes | 780 | €392 | €924 | +€532 | +136% |
| Transfer to deferred taxes | 680 | €96,025 | - | -€96,025 | |
| Income taxes | 67/77 | €20,803 | €3,786 | -€17,017 | -81.8% |
| Profit (loss) for the period | 9904 | €332,314 | -€32,822 | -€365,136 | |
| Transfer from tax-exempt reserves | 789 | €1,569 | €3,697 | +€2,128 | +136% |
| Transfer to tax-exempt reserves | 689 | €288,075 | - | -€288,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,808 | -€29,125 | -€74,933 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.