MBA WORKS: 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 WORKS
Largest movements
- Receivables within one year +€5,847
up €5,847 (+83.7%), from €6,989 to €12,836
of which Trade receivables: +€5,300
- Tangible fixed assets -€1,750
down €1,750 (-70.9%), from €2,469 to €719
- Deferred charges and accrued income -€1,000
down €1,000 (-25.0%), from €4,000 to €3,000
- Intangible fixed assets -€268
no longer reported in 2025 (was €268)
- Other debts +€3,212
up €3,212 (+30.4%), from €10,563 to €13,775
- Profit (loss) carried forward -€317
down €317 (-56.7%), from €558 to €242
- Trade debts -€299
down €299 (-59.7%), from €502 to €202
- Gross operating margin -€1,606
down €1,606 (-35.4%), from €4,542 to €2,936
- Other operating charges -€521
down €521 (-34.9%), from €1,490 to €970
- Taxes -€351
down €351 (-71.5%), from €491 to €140
- Financial charges +€109
up €109 (+666%), from €16 to €125
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 | €14,114 | €16,850 | +€2,736 | +19.4% |
| Fixed assets | 21/28 | €2,737 | €719 | -€2,018 | -73.7% |
| Intangible fixed assets | 21 | €268 | - | -€268 | |
| Tangible fixed assets | 22/27 | €2,469 | €719 | -€1,750 | -70.9% |
| Furniture and vehicles | 24 | €2,469 | €719 | -€1,750 | -70.9% |
| Current assets | 29/58 | €11,376 | €16,131 | +€4,754 | +41.8% |
| Amounts receivable within one year | 40/41 | €6,989 | €12,836 | +€5,847 | +83.7% |
| Trade receivables | 40 | €4,700 | €10,000 | +€5,300 | +113% |
| Other amounts receivable | 41 | €2,289 | €2,836 | +€547 | +23.9% |
| Cash at bank and in hand | 54/58 | €387 | €295 | -€92 | -23.9% |
| Deferred charges and accrued income | 490/1 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Total equity and liabilities | 10/49 | €14,114 | €16,850 | +€2,736 | +19.4% |
| Equity | 10/15 | €2,558 | €2,242 | -€317 | -12.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €558 | €242 | -€317 | -56.7% |
| Amounts payable | 17/49 | €11,556 | €14,608 | +€3,053 | +26.4% |
| Amounts payable within one year | 42/48 | €11,556 | €14,608 | +€3,053 | +26.4% |
| Trade debts | 44 | €502 | €202 | -€299 | -59.7% |
| Suppliers | 440/4 | €502 | €202 | -€299 | -59.7% |
| Taxes, remuneration and social security | 45 | €491 | €631 | +€140 | +28.5% |
| Taxes | 450/3 | €491 | €631 | +€140 | +28.5% |
| Other amounts payable | 47/48 | €10,563 | €13,775 | +€3,212 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,986 | €2,018 | +€32 | +1.6% |
| Other operating charges | 640/8 | €1,490 | €970 | -€521 | -34.9% |
| Gross operating margin | 9900 | €4,542 | €2,936 | -€1,606 | -35.4% |
| Operating profit (loss) | 9901 | €1,066 | -€52 | -€1,117 | |
| Financial charges | 65/66B | €16 | €125 | +€109 | +666% |
| Recurring financial charges | 65 | €16 | €125 | +€109 | +666% |
| Profit (loss) for the period before taxes | 9903 | €1,049 | -€177 | -€1,226 | |
| Income taxes | 67/77 | €491 | €140 | -€351 | -71.5% |
| Profit (loss) for the period | 9904 | €558 | -€317 | -€875 | |
| Profit (loss) for the period to be appropriated | 9905 | €558 | -€317 | -€875 |
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 30 October 2026 via checked.be.