MBA SRL: 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.
MBA SRL
Largest movements
- Cash +€78,024
up €78,024 (+56.1%), from €139,182 to €217,206
mainly Net result for the year (+€150,003) and Depreciation (+€67,378)
- Receivables within one year +€7,069
up €7,069 (+4.0%), from €177,010 to €184,078
of which Trade receivables: +€23,342
- Reserves +€59,283
up €59,283 (+16.0%), from €370,510 to €429,794
of which Distributable reserves: +€59,283
- Other debts +€56,950
up €56,950 (+1,303%), from €4,370 to €61,320
- Tax, wage and social debts -€16,269
down €16,269 (-38.5%), from €42,297 to €26,028
of which Remuneration and social security: -€9,689
- Trade debts -€8,965
down €8,965 (-7.9%), from €113,139 to €104,173
- Gross operating margin +€90,156
up €90,156 (+27.0%), from €333,999 to €424,155
- Staff costs -€34,839
down €34,839 (-16.7%), from €209,087 to €174,248
- Taxes -€19,689
down €19,689 (-48.8%), from €40,373 to €20,684
- Depreciation +€4,844
up €4,844 (+7.7%), from €62,534 to €67,378
- Other operating charges +€4,625
up €4,625 (+58.0%), from €7,971 to €12,596
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 | €588,069 | €679,070 | +€91,001 | +15.5% |
| Fixed assets | 21/28 | €257,555 | €259,501 | +€1,946 | +0.8% |
| Intangible fixed assets | 21 | €4,840 | €4,959 | +€119 | +2.5% |
| Tangible fixed assets | 22/27 | €245,215 | €247,042 | +€1,827 | +0.7% |
| Plant, machinery and equipment | 23 | €12,533 | €16,977 | +€4,444 | +35.5% |
| Furniture and vehicles | 24 | €164,889 | €165,102 | +€213 | +0.1% |
| Leasing and similar rights | 25 | €67,794 | €64,963 | -€2,830 | -4.2% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €330,514 | €419,569 | +€89,055 | +26.9% |
| Stocks and contracts in progress | 3 | €14,322 | €16,043 | +€1,721 | +12.0% |
| Stocks | 30/36 | €14,322 | €16,043 | +€1,721 | +12.0% |
| Amounts receivable within one year | 40/41 | €177,010 | €184,078 | +€7,069 | +4.0% |
| Trade receivables | 40 | €160,737 | €184,078 | +€23,342 | +14.5% |
| Other amounts receivable | 41 | €16,273 | - | -€16,273 | |
| Cash at bank and in hand | 54/58 | €139,182 | €217,206 | +€78,024 | +56.1% |
| Deferred charges and accrued income | 490/1 | - | €2,242 | +€2,242 | |
| Total equity and liabilities | 10/49 | €588,069 | €679,070 | +€91,001 | +15.5% |
| Equity | 10/15 | €428,263 | €487,549 | +€59,286 | +13.8% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Contributions outside capital | 11 | €19,831 | €19,831 | = | 0.0% |
| Other | 1109/19 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €370,510 | €429,794 | +€59,283 | +16.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €368,527 | €427,810 | +€59,283 | +16.1% |
| Profit (loss) carried forward | 14 | €37,922 | €37,924 | +€3 | 0.0% |
| Amounts payable | 17/49 | €159,806 | €191,521 | +€31,715 | +19.8% |
| Amounts payable within one year | 42/48 | €159,806 | €191,521 | +€31,715 | +19.8% |
| Trade debts | 44 | €113,139 | €104,173 | -€8,965 | -7.9% |
| Suppliers | 440/4 | €113,139 | €104,173 | -€8,965 | -7.9% |
| Taxes, remuneration and social security | 45 | €42,297 | €26,028 | -€16,269 | -38.5% |
| Taxes | 450/3 | €13,518 | €6,938 | -€6,580 | -48.7% |
| Remuneration and social security | 454/9 | €28,779 | €19,090 | -€9,689 | -33.7% |
| Other amounts payable | 47/48 | €4,370 | €61,320 | +€56,950 | +1,303% |
| Remuneration, social security and pensions | 62 | €209,087 | €174,248 | -€34,839 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,534 | €67,378 | +€4,844 | +7.7% |
| Other operating charges | 640/8 | €7,971 | €12,596 | +€4,625 | +58.0% |
| Gross operating margin | 9900 | €333,999 | €424,155 | +€90,156 | +27.0% |
| Operating profit (loss) | 9901 | €54,406 | €169,932 | +€115,526 | +212% |
| Financial income | 75/76B | €3,828 | €1,822 | -€2,006 | -52.4% |
| Recurring financial income | 75 | €3,828 | €1,822 | -€2,006 | -52.4% |
| Financial charges | 65/66B | €596 | €1,067 | +€472 | +79.2% |
| Recurring financial charges | 65 | €596 | €1,067 | +€472 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €57,639 | €170,687 | +€113,049 | +196% |
| Income taxes | 67/77 | €40,373 | €20,684 | -€19,689 | -48.8% |
| Profit (loss) for the period | 9904 | €17,266 | €150,003 | +€132,737 | +769% |
| Profit (loss) for the period to be appropriated | 9905 | €17,266 | €150,003 | +€132,737 | +769% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.