MBAT BUSINESS SOLUTIONS & DEVELOPMENT: what changed
MBAT BUSINESS SOLUTIONS & DEVELOPMENT
Largest movements
- Tangible fixed assets -€17,398
down €17,398 (-20.5%), from €84,999 to €67,601
of which Furniture and vehicles: -€28,042
- Cash -€5,573
down €5,573 (-66.8%), from €8,340 to €2,766
mainly Debts after one year (-€61,857) and Trade debts (-€20,505)
- Debts after one year -€61,857
down €61,857 (-29.6%), from €208,843 to €146,985
of which Other amounts payable: -€61,857
- Profit (loss) carried forward +€30,544
up €30,544 (+14.5%), from -€211,282 to -€180,738
- Trade debts -€20,505
down €20,505 (-43.2%), from €47,451 to €26,946
- Other debts +€14,711
up €14,711 (+428%), from €3,439 to €18,150
- Tax, wage and social debts +€11,975
new in 2025: €11,975
of which Taxes: +€8,180
- Gross operating margin -€33,672
down €33,672 (-36.4%), from €92,491 to €58,818
- Staff costs -€30,475
down €30,475 (-57.8%), from €52,745 to €22,270
- Depreciation -€5,172
down €5,172 (-70.3%), from €7,354 to €2,181
- Financial charges -€1,260
down €1,260 (-30.9%), from €4,074 to €2,814
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,450 | €80,851 | -€23,599 | -22.6% |
| Fixed assets | 21/28 | €89,849 | €72,806 | -€17,043 | -19.0% |
| Tangible fixed assets | 22/27 | €84,999 | €67,601 | -€17,398 | -20.5% |
| Furniture and vehicles | 24 | €32,009 | €3,967 | -€28,042 | -87.6% |
| Assets under construction and advance payments | 27 | €52,990 | €63,635 | +€10,645 | +20.1% |
| Financial fixed assets | 28 | €4,850 | €5,205 | +€355 | +7.3% |
| Current assets | 29/58 | €14,601 | €8,045 | -€6,556 | -44.9% |
| Amounts receivable within one year | 40/41 | €6,261 | €5,278 | -€983 | -15.7% |
| Trade receivables | 40 | €2,966 | €5,278 | +€2,312 | +77.9% |
| Other amounts receivable | 41 | €3,295 | €0 | -€3,295 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,340 | €2,766 | -€5,573 | -66.8% |
| Total equity and liabilities | 10/49 | €104,450 | €80,851 | -€23,599 | -22.6% |
| Equity | 10/15 | -€155,282 | -€124,738 | +€30,544 | +19.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,282 | -€180,738 | +€30,544 | +14.5% |
| Amounts payable | 17/49 | €259,732 | €205,589 | -€54,143 | -20.8% |
| Amounts payable after more than one year | 17 | €208,843 | €146,985 | -€61,857 | -29.6% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Other amounts payable | 178/9 | €173,843 | €111,985 | -€61,857 | -35.6% |
| Amounts payable within one year | 42/48 | €50,890 | €58,604 | +€7,714 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,533 | +€1,533 | |
| Trade debts | 44 | €47,451 | €26,946 | -€20,505 | -43.2% |
| Suppliers | 440/4 | €47,451 | €26,946 | -€20,505 | -43.2% |
| Taxes, remuneration and social security | 45 | - | €11,975 | +€11,975 | |
| Taxes | 450/3 | - | €8,180 | +€8,180 | |
| Remuneration and social security | 454/9 | - | €3,795 | +€3,795 | |
| Other amounts payable | 47/48 | €3,439 | €18,150 | +€14,711 | +428% |
| Non-recurring operating income | 76A | €127,611 | €29,000 | -€98,611 | -77.3% |
| Remuneration, social security and pensions | 62 | €52,745 | €22,270 | -€30,475 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,354 | €2,181 | -€5,172 | -70.3% |
| Other operating charges | 640/8 | €1,298 | €1,008 | -€289 | -22.3% |
| Gross operating margin | 9900 | €92,491 | €58,818 | -€33,672 | -36.4% |
| Operating profit (loss) | 9901 | €31,095 | €33,358 | +€2,264 | +7.3% |
| Financial charges | 65/66B | €4,074 | €2,814 | -€1,260 | -30.9% |
| Recurring financial charges | 65 | €4,074 | €2,814 | -€1,260 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €27,020 | €30,544 | +€3,524 | +13.0% |
| Profit (loss) for the period | 9904 | €27,020 | €30,544 | +€3,524 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,020 | €30,544 | +€3,524 | +13.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.