MB5: 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.
What changed
MB5
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€98,545
2024 · €122,029-€23,484
Equity
€367,330
2024 · €273,624+€93,706
Cash
€407,394
2024 · €216,919+€190,475
Balance sheet total
€1.4m
2024 · €1.6m-€146,897
Largest movements
Assets
- Tangible fixed assets -€221,513
down €221,513 (-23.4%), from €946,454 to €724,941
of which Plant, machinery and equipment: -€130,538
- Cash +€190,475
up €190,475 (+87.8%), from €216,919 to €407,394
mainly Investment in fixed assets (net) (+€144,378) and Net result for the year (+€98,545)
- Receivables within one year -€74,311
down €74,311 (-40.9%), from €181,537 to €107,226
of which Trade receivables: -€57,027
- Stocks and contracts -€50,842
down €50,842 (-22.3%), from €227,769 to €176,927
Equity and liabilities
- Trade debts -€136,877
down €136,877 (-42.7%), from €320,923 to €184,046
- Debts after one year -€134,424
down €134,424 (-18.6%), from €721,541 to €587,117
- Reserves +€98,545
up €98,545 (+61.2%), from €160,963 to €259,508
of which Distributable reserves: +€98,545
- Tax, wage and social debts +€30,330
up €30,330 (+55.4%), from €54,745 to €85,075
of which Taxes: +€29,811
Income statement
- Turnover +€5.6m
new in 2025: €5.6m
- Purchases and services +€4.8m
new in 2025: €4.8m
- Gross operating margin +€167,607
up €167,607 (+20.8%), from €804,363 to €971,970
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.
Result 2024
€122,029
Gross operating margin
+€167,607
Staff costs
-€11,589
Depreciation
+€6,053
Other operating charges
-€2,604
Other operating items
-€155,386
Financial income
+€4,237
Financial charges
+€3,312
Taxes
-€36,725
Deferred taxes and other
+€1,611
Result 2025
€98,545
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.
From operations
+€187,017
Investment
+€144,378
Financing
-€140,920
Cash 2024
€216,919
From operations (derived)
+€187,017
Net result for the year
+€98,545
Depreciation
+€78,657
Stocks and contracts
+€50,842
Receivables within one year
+€74,311
Deferred charges and accrued income
-€10,816
Provisions
-€1,612
Trade debts
-€136,877
Tax, wage and social debts
+€30,330
Other debts
+€272
Accrued charges and deferred income
+€3,365
Investment (derived)
+€144,378
Investment in fixed assets (net)
+€144,378
Financing
-€140,920
Debts after one year
-€134,424
Current portion of long-term debt
-€1,657
Contributions, distributions and other
-€4,839
Cash 2025
€407,394
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,596,800 | €1,449,903 | -€146,897 | -9.2% |
| Formation expenses | 20 | €3,920 | €3,501 | -€419 | -10.7% |
| Fixed assets | 21/28 | €964,103 | €741,487 | -€222,616 | -23.1% |
| Intangible fixed assets | 21 | €17,649 | €16,546 | -€1,103 | -6.2% |
| Tangible fixed assets | 22/27 | €946,454 | €724,941 | -€221,513 | -23.4% |
| Land and buildings | 22 | €516,330 | €434,067 | -€82,263 | -15.9% |
| Plant, machinery and equipment | 23 | €355,815 | €225,277 | -€130,538 | -36.7% |
| Furniture and vehicles | 24 | €21,809 | €19,097 | -€2,712 | -12.4% |
| Leasing and similar rights | 25 | €52,500 | €46,500 | -€6,000 | -11.4% |
| Current assets | 29/58 | €628,777 | €704,915 | +€76,138 | +12.1% |
| Stocks and contracts in progress | 3 | €227,769 | €176,927 | -€50,842 | -22.3% |
| Stocks | 30/36 | €227,769 | €176,927 | -€50,842 | -22.3% |
| Amounts receivable within one year | 40/41 | €181,537 | €107,226 | -€74,311 | -40.9% |
| Trade receivables | 40 | €119,981 | €62,954 | -€57,027 | -47.5% |
| Other amounts receivable | 41 | €61,556 | €44,272 | -€17,284 | -28.1% |
| Cash at bank and in hand | 54/58 | €216,919 | €407,394 | +€190,475 | +87.8% |
| Deferred charges and accrued income | 490/1 | €2,552 | €13,368 | +€10,816 | +423.8% |
| Total equity and liabilities | 10/49 | €1,596,800 | €1,449,903 | -€146,897 | -9.2% |
| Equity | 10/15 | €273,624 | €367,330 | +€93,706 | +34.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Contributions outside capital | 11 | - | €100,000 | +€100,000 | |
| Other | 1109/19 | - | €100,000 | +€100,000 | |
| Reserves | 13 | €160,963 | €259,508 | +€98,545 | +61.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | €150,963 | €249,508 | +€98,545 | +65.3% |
| Investment grants | 15 | €12,661 | €7,822 | -€4,839 | -38.2% |
| Provisions and deferred taxes | 16 | €4,226 | €2,614 | -€1,612 | -38.1% |
| Provisions for liabilities and charges | 160/5 | €4,226 | - | -€4,226 | |
| Other liabilities and charges | 164/5 | €4,226 | - | -€4,226 | |
| Deferred taxes | 168 | - | €2,614 | +€2,614 | |
| Amounts payable | 17/49 | €1,318,950 | €1,079,959 | -€238,991 | -18.1% |
| Amounts payable after more than one year | 17 | €721,541 | €587,117 | -€134,424 | -18.6% |
| Financial debts | 170/4 | €721,541 | €587,117 | -€134,424 | -18.6% |
| Amounts payable within one year | 42/48 | €575,638 | €467,706 | -€107,932 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €135,581 | €133,924 | -€1,657 | -1.2% |
| Trade debts | 44 | €320,923 | €184,046 | -€136,877 | -42.7% |
| Suppliers | 440/4 | €320,923 | €184,046 | -€136,877 | -42.7% |
| Taxes, remuneration and social security | 45 | €54,745 | €85,075 | +€30,330 | +55.4% |
| Taxes | 450/3 | €11,201 | €41,012 | +€29,811 | +266.1% |
| Remuneration and social security | 454/9 | €43,544 | €44,063 | +€519 | +1.2% |
| Other amounts payable | 47/48 | €64,389 | €64,661 | +€272 | +0.4% |
| Accrued charges and deferred income | 492/3 | €21,771 | €25,136 | +€3,365 | +15.5% |
| Turnover | 70 | - | €5,568,332 | +€5.6m | |
| Non-recurring operating income | 76A | - | €135,500 | +€135,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,824,525 | +€4.8m | |
| Remuneration, social security and pensions | 62 | €536,894 | €548,483 | +€11,589 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,710 | €78,657 | -€6,053 | -7.1% |
| Other operating charges | 640/8 | €15,535 | €18,139 | +€2,604 | +16.8% |
| Non-recurring operating charges | 66A | - | €155,386 | +€155,386 | |
| Gross operating margin | 9900 | €804,363 | €971,970 | +€167,607 | +20.8% |
| Operating profit (loss) | 9901 | €167,224 | €171,305 | +€4,081 | +2.4% |
| Financial income | 75/76B | €812 | €5,049 | +€4,237 | +521.8% |
| Recurring financial income | 75 | €812 | €5,049 | +€4,237 | +521.8% |
| Financial charges | 65/66B | €43,789 | €40,477 | -€3,312 | -7.6% |
| Recurring financial charges | 65 | €43,789 | €40,477 | -€3,312 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €124,247 | €135,877 | +€11,630 | +9.4% |
| Transfer from deferred taxes | 780 | - | €1,611 | +€1,611 | |
| Income taxes | 67/77 | €2,218 | €38,943 | +€36,725 | +1655.8% |
| Profit (loss) for the period | 9904 | €122,029 | €98,545 | -€23,484 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,029 | €98,545 | -€23,484 | -19.2% |
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 11 October 2026 via checked.be.