MBAT: 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.
MBAT
Largest movements
- Cash -€4,106
down €4,106 (-8.0%), from €51,149 to €47,043
mainly Trade debts (-€9,297) and Other debts (-€2,013)
- Tangible fixed assets -€1,864
down €1,864 (-19.7%), from €9,475 to €7,611
of which Other tangible fixed assets: -€1,527
- Trade debts -€9,297
down €9,297 (-83.3%), from €11,168 to €1,870
- Tax, wage and social debts +€4,687
up €4,687 (+60.0%), from €7,805 to €12,492
of which Taxes: +€2,717
- Other debts -€2,013
down €2,013 (-20.5%), from €9,827 to €7,814
- Turnover -€39,154
no longer reported in 2025 (was €39,154)
- Gross operating margin -€13,502
down €13,502 (-20.9%), from €64,600 to €51,098
- Staff costs +€3,913
up €3,913 (+10.0%), from €39,154 to €43,067
- Depreciation -€2,766
down €2,766 (-59.7%), from €4,630 to €1,864
- Financial charges +€696
up €696 (+82.5%), from €844 to €1,539
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 | €63,330 | €57,237 | -€6,093 | -9.6% |
| Formation expenses | 20 | €0 | - | -€0 | |
| Fixed assets | 21/28 | €9,650 | €7,611 | -€2,039 | -21.1% |
| Tangible fixed assets | 22/27 | €9,475 | €7,611 | -€1,864 | -19.7% |
| Plant, machinery and equipment | 23 | €854 | €610 | -€244 | -28.6% |
| Furniture and vehicles | 24 | €985 | €893 | -€92 | -9.4% |
| Other tangible fixed assets | 26 | €7,635 | €6,108 | -€1,527 | -20.0% |
| Financial fixed assets | 28 | €175 | - | -€175 | |
| Current assets | 29/58 | €53,680 | €49,626 | -€4,054 | -7.6% |
| Stocks and contracts in progress | 3 | €2,531 | €2,531 | = | 0.0% |
| Stocks | 30/36 | €2,531 | €2,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €52 | +€52 | |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €51,149 | €47,043 | -€4,106 | -8.0% |
| Total equity and liabilities | 10/49 | €63,330 | €57,237 | -€6,093 | -9.6% |
| Equity | 10/15 | €34,531 | €35,061 | +€530 | +1.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €901 | €901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €901 | €901 | = | 0.0% |
| Reserves not available under the articles | 1311 | €901 | €901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,630 | €31,160 | +€530 | +1.7% |
| Amounts payable | 17/49 | €28,799 | €22,176 | -€6,623 | -23.0% |
| Amounts payable within one year | 42/48 | €28,799 | €22,176 | -€6,623 | -23.0% |
| Trade debts | 44 | €11,168 | €1,870 | -€9,297 | -83.3% |
| Suppliers | 440/4 | €11,168 | €1,870 | -€9,297 | -83.3% |
| Taxes, remuneration and social security | 45 | €7,805 | €12,492 | +€4,687 | +60.0% |
| Taxes | 450/3 | €5,094 | €7,811 | +€2,717 | +53.3% |
| Remuneration and social security | 454/9 | €2,711 | €4,681 | +€1,970 | +72.7% |
| Other amounts payable | 47/48 | €9,827 | €7,814 | -€2,013 | -20.5% |
| Turnover | 70 | €39,154 | - | -€39,154 | |
| Remuneration, social security and pensions | 62 | €39,154 | €43,067 | +€3,913 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,630 | €1,864 | -€2,766 | -59.7% |
| Other operating charges | 640/8 | €2,113 | €1,786 | -€327 | -15.5% |
| Gross operating margin | 9900 | €64,600 | €51,098 | -€13,502 | -20.9% |
| Operating profit (loss) | 9901 | €18,702 | €4,381 | -€14,321 | -76.6% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €844 | €1,539 | +€696 | +82.5% |
| Recurring financial charges | 65 | €844 | €1,539 | +€696 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €17,883 | €2,841 | -€15,041 | -84.1% |
| Income taxes | 67/77 | €2,750 | €2,311 | -€439 | -15.9% |
| Profit (loss) for the period | 9904 | €15,133 | €530 | -€14,603 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,133 | €530 | -€14,603 | -96.5% |
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 28 October 2026 via checked.be.