MB VISION: what changed
Two fiscal 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 VISION
Largest movements
- Cash +€18,467
up €18,467 (+402.6%), from €4,587 to €23,054
mainly Depreciation (+€15,027) and Stocks and contracts (+€15,000)
- Tangible fixed assets -€15,027
down €15,027 (-3.0%), from €495,848 to €480,821
of which Land and buildings: -€14,542
- Stocks and contracts -€15,000
no longer reported in 2025 (was €15,000)
- Receivables within one year +€11,420
up €11,420 (+319.0%), from €3,580 to €15,000
of which Trade receivables: +€12,173
- Profit (loss) carried forward +€9,936
up €9,936 (+12.0%), from -€83,048 to -€73,112
- Trade debts -€8,935
down €8,935 (-97.8%), from €9,135 to €200
- Depreciation -€27,807
down €27,807 (-64.9%), from €42,834 to €15,027
- Gross operating margin +€25,404
up €25,404 (+281.6%), from €9,022 to €34,426
- Other operating charges +€7,869
up €7,869 (+518.4%), from €1,518 to €9,387
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 | €519,014 | €518,875 | -€140 | 0.0% |
| Fixed assets | 21/28 | €495,848 | €480,821 | -€15,027 | -3.0% |
| Tangible fixed assets | 22/27 | €495,848 | €480,821 | -€15,027 | -3.0% |
| Land and buildings | 22 | €495,119 | €480,578 | -€14,542 | -2.9% |
| Furniture and vehicles | 24 | €729 | €243 | -€486 | -66.7% |
| Current assets | 29/58 | €23,166 | €38,054 | +€14,888 | +64.3% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Contracts in progress | 37 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €3,580 | €15,000 | +€11,420 | +319.0% |
| Trade receivables | 40 | €2,827 | €15,000 | +€12,173 | +430.5% |
| Other amounts receivable | 41 | €752 | - | -€752 | |
| Cash at bank and in hand | 54/58 | €4,587 | €23,054 | +€18,467 | +402.6% |
| Total equity and liabilities | 10/49 | €519,014 | €518,875 | -€140 | 0.0% |
| Equity | 10/15 | -€63,048 | -€53,112 | +€9,936 | +15.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,048 | -€73,112 | +€9,936 | +12.0% |
| Amounts payable | 17/49 | €582,062 | €571,987 | -€10,076 | -1.7% |
| Amounts payable within one year | 42/48 | €582,062 | €571,987 | -€10,076 | -1.7% |
| Trade debts | 44 | €9,135 | €200 | -€8,935 | -97.8% |
| Suppliers | 440/4 | €9,135 | €200 | -€8,935 | -97.8% |
| Other amounts payable | 47/48 | €572,927 | €571,786 | -€1,141 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,834 | €15,027 | -€27,807 | -64.9% |
| Other operating charges | 640/8 | €1,518 | €9,387 | +€7,869 | +518.4% |
| Gross operating margin | 9900 | €9,022 | €34,426 | +€25,404 | +281.6% |
| Operating profit (loss) | 9901 | -€35,330 | €10,011 | +€45,342 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €7 | €75 | +€68 | +973.0% |
| Recurring financial charges | 65 | €7 | €75 | +€68 | +973.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,332 | €9,936 | +€45,268 | |
| Profit (loss) for the period | 9904 | -€35,332 | €9,936 | +€45,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,332 | €9,936 | +€45,268 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.