MB Vlutters: 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 Vlutters
Largest movements
- Current investments +€546,078
new in 2025: €546,078
- Cash +€180,524
up €180,524 (+104%), from €174,037 to €354,561
mainly Net result for the year (+€1.0m) and Tax, wage and social debts (+€20,503)
- Deferred charges and accrued income +€48,086
up €48,086 (+16,029%), from €300 to €48,386
- Tangible fixed assets -€20,229
down €20,229 (-51.8%), from €39,075 to €18,846
of which Furniture and vehicles: -€19,948
- Receivables within one year +€20,074
up €20,074 (+27.2%), from €73,697 to €93,771
of which Trade receivables: +€12,412
- Reserves +€758,951
up €758,951 (+333%), from €228,090 to €987,041
of which Distributable reserves: +€758,951
- Tax, wage and social debts +€20,503
up €20,503 (+68.8%), from €29,810 to €50,313
- Gross operating margin +€1.0m
up €1.0m (+294%), from €354,454 to €1.4m
- Taxes +€258,984
up €258,984 (+322%), from €80,534 to €339,518
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 | €287,110 | €1,061,643 | +€774,534 | +270% |
| Fixed assets | 21/28 | €39,075 | €18,846 | -€20,229 | -51.8% |
| Tangible fixed assets | 22/27 | €39,075 | €18,846 | -€20,229 | -51.8% |
| Plant, machinery and equipment | 23 | €545 | €265 | -€281 | -51.5% |
| Furniture and vehicles | 24 | €38,529 | €18,582 | -€19,948 | -51.8% |
| Current assets | 29/58 | €248,035 | €1,042,797 | +€794,763 | +320% |
| Amounts receivable within one year | 40/41 | €73,697 | €93,771 | +€20,074 | +27.2% |
| Trade receivables | 40 | €61,411 | €73,823 | +€12,412 | +20.2% |
| Other amounts receivable | 41 | €12,287 | €19,948 | +€7,662 | +62.4% |
| Current investments | 50/53 | - | €546,078 | +€546,078 | |
| Cash at bank and in hand | 54/58 | €174,037 | €354,561 | +€180,524 | +104% |
| Deferred charges and accrued income | 490/1 | €300 | €48,386 | +€48,086 | +16,029% |
| Total equity and liabilities | 10/49 | €287,110 | €1,061,643 | +€774,534 | +270% |
| Equity | 10/15 | €240,490 | €999,441 | +€758,951 | +316% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €228,090 | €987,041 | +€758,951 | +333% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €228,090 | €987,041 | +€758,951 | +333% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,620 | €62,202 | +€15,583 | +33.4% |
| Amounts payable within one year | 42/48 | €46,620 | €62,202 | +€15,583 | +33.4% |
| Trade debts | 44 | €2,947 | €3,285 | +€338 | +11.5% |
| Suppliers | 440/4 | €2,947 | €3,285 | +€338 | +11.5% |
| Taxes, remuneration and social security | 45 | €29,810 | €50,313 | +€20,503 | +68.8% |
| Taxes | 450/3 | €29,810 | €50,313 | +€20,503 | +68.8% |
| Other amounts payable | 47/48 | €13,863 | €8,605 | -€5,259 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,229 | €20,229 | = | 0.0% |
| Other operating charges | 640/8 | €1,030 | €610 | -€421 | -40.8% |
| Gross operating margin | 9900 | €354,454 | €1,397,849 | +€1.0m | +294% |
| Operating profit (loss) | 9901 | €333,195 | €1,377,011 | +€1.0m | +313% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €271 | €3,248 | +€2,977 | +1,099% |
| Recurring financial charges | 65 | €271 | €3,248 | +€2,977 | +1,099% |
| Profit (loss) for the period before taxes | 9903 | €332,924 | €1,373,763 | +€1.0m | +313% |
| Income taxes | 67/77 | €80,534 | €339,518 | +€258,984 | +322% |
| Profit (loss) for the period | 9904 | €252,390 | €1,034,245 | +€781,855 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €252,390 | €1,034,245 | +€781,855 | +310% |
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 14 October 2026 via checked.be.