MB VOLET: 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 VOLET
Largest movements
- Receivables within one year +€8,904
up €8,904 (+232.2%), from €3,835 to €12,739
- Cash +€5,948
up €5,948 (+107.8%), from €5,517 to €11,465
mainly Net result for the year (+€18,646) and Depreciation (+€7,063)
- Tangible fixed assets -€3,659
down €3,659 (-16.8%), from €21,824 to €18,165
of which Plant, machinery and equipment: -€4,739
- Profit (loss) carried forward +€18,646
up €18,646, from -€5,749 to €12,897
- Debts after one year -€8,369
down €8,369 (-51.2%), from €16,358 to €7,989
- Tax, wage and social debts +€6,009
up €6,009 (+130.2%), from €4,613 to €10,622
of which Taxes: +€6,009
- Trade debts -€5,507
down €5,507 (-53.2%), from €10,355 to €4,848
- Other debts +€982
up €982 (+3.8%), from €25,625 to €26,607
- Gross operating margin +€26,820
up €26,820 (+867.5%), from €3,092 to €29,912
- Taxes +€1,127
new in 2025: €1,127
- Depreciation -€511
down €511 (-6.7%), from €7,574 to €7,063
- Other operating charges +€426
up €426 (+35.0%), from €1,218 to €1,644
- Financial charges -€306
down €306 (-17.6%), from €1,743 to €1,437
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 | €78,832 | €90,948 | +€12,116 | +15.4% |
| Fixed assets | 21/28 | €21,824 | €18,165 | -€3,659 | -16.8% |
| Tangible fixed assets | 22/27 | €21,824 | €18,165 | -€3,659 | -16.8% |
| Plant, machinery and equipment | 23 | €21,824 | €17,085 | -€4,739 | -21.7% |
| Furniture and vehicles | 24 | - | €1,080 | +€1,080 | |
| Current assets | 29/58 | €57,007 | €72,782 | +€15,775 | +27.7% |
| Stocks and contracts in progress | 3 | €47,345 | €47,475 | +€130 | +0.3% |
| Stocks | 30/36 | €47,345 | €47,475 | +€130 | +0.3% |
| Amounts receivable within one year | 40/41 | €3,835 | €12,739 | +€8,904 | +232.2% |
| Trade receivables | 40 | €3,835 | €12,739 | +€8,904 | +232.2% |
| Cash at bank and in hand | 54/58 | €5,517 | €11,465 | +€5,948 | +107.8% |
| Deferred charges and accrued income | 490/1 | €310 | €1,103 | +€793 | +256.0% |
| Total equity and liabilities | 10/49 | €78,832 | €90,948 | +€12,116 | +15.4% |
| Equity | 10/15 | €13,869 | €32,515 | +€18,646 | +134.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,018 | €1,018 | = | 0.0% |
| Distributable reserves | 133 | €1,018 | €1,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,749 | €12,897 | +€18,646 | |
| Amounts payable | 17/49 | €64,963 | €58,433 | -€6,530 | -10.1% |
| Amounts payable after more than one year | 17 | €16,358 | €7,989 | -€8,369 | -51.2% |
| Financial debts | 170/4 | €16,358 | €7,989 | -€8,369 | -51.2% |
| Amounts payable within one year | 42/48 | €48,604 | €50,443 | +€1,839 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €8,011 | €8,366 | +€355 | +4.4% |
| Trade debts | 44 | €10,355 | €4,848 | -€5,507 | -53.2% |
| Suppliers | 440/4 | €10,355 | €4,848 | -€5,507 | -53.2% |
| Taxes, remuneration and social security | 45 | €4,613 | €10,622 | +€6,009 | +130.2% |
| Taxes | 450/3 | €2,913 | €8,922 | +€6,009 | +206.3% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €25,625 | €26,607 | +€982 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,574 | €7,063 | -€511 | -6.7% |
| Other operating charges | 640/8 | €1,218 | €1,644 | +€426 | +35.0% |
| Gross operating margin | 9900 | €3,092 | €29,912 | +€26,820 | +867.5% |
| Operating profit (loss) | 9901 | -€5,700 | €21,205 | +€26,905 | |
| Financial income | 75/76B | €61 | €4 | -€57 | -92.9% |
| Recurring financial income | 75 | €61 | €4 | -€57 | -92.9% |
| Financial charges | 65/66B | €1,743 | €1,437 | -€306 | -17.6% |
| Recurring financial charges | 65 | €1,743 | €1,437 | -€306 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,382 | €19,772 | +€27,154 | |
| Income taxes | 67/77 | - | €1,127 | +€1,127 | |
| Profit (loss) for the period | 9904 | -€7,382 | €18,646 | +€26,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,382 | €18,646 | +€26,028 |
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 6 October 2026 via checked.be.