MBAV MANAGEMENT ET SERVICES: 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.
MBAV MANAGEMENT ET SERVICES
Largest movements
- Cash +€13,193
up €13,193 (+41.2%), from €32,021 to €45,213
mainly Net result for the year (+€18,725) and Other debts (+€4,218)
- Receivables within one year +€3,457
up €3,457 (+23.6%), from €14,651 to €18,108
of which Trade receivables: +€3,470
- Tangible fixed assets -€2,474
down €2,474 (-46.8%), from €5,287 to €2,813
- Profit (loss) carried forward +€8,725
up €8,725 (+22.7%), from €38,433 to €47,158
- Other debts +€4,218
up €4,218 (+13,821%), from €31 to €4,249
- Tax, wage and social debts +€2,009
up €2,009 (+29.1%), from €6,906 to €8,915
- Trade debts -€1,116
down €1,116 (-45.7%), from €2,443 to €1,327
- Gross operating margin -€7,518
down €7,518 (-19.7%), from €38,247 to €30,729
- Other operating charges -€808
down €808 (-60.6%), from €1,333 to €526
- Depreciation +€736
up €736 (+42.3%), from €1,739 to €2,474
- Taxes -€418
down €418 (-6.4%), from €6,568 to €6,150
- Financial charges +€403
up €403 (+16.4%), from €2,451 to €2,854
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 | €52,813 | €66,649 | +€13,836 | +26.2% |
| Fixed assets | 21/28 | €5,287 | €2,813 | -€2,474 | -46.8% |
| Tangible fixed assets | 22/27 | €5,287 | €2,813 | -€2,474 | -46.8% |
| Furniture and vehicles | 24 | €5,287 | €2,813 | -€2,474 | -46.8% |
| Current assets | 29/58 | €47,525 | €63,836 | +€16,310 | +34.3% |
| Amounts receivable within one year | 40/41 | €14,651 | €18,108 | +€3,457 | +23.6% |
| Trade receivables | 40 | €14,638 | €18,108 | +€3,470 | +23.7% |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €32,021 | €45,213 | +€13,193 | +41.2% |
| Deferred charges and accrued income | 490/1 | €854 | €514 | -€339 | -39.8% |
| Total equity and liabilities | 10/49 | €52,813 | €66,649 | +€13,836 | +26.2% |
| Equity | 10/15 | €43,433 | €52,158 | +€8,725 | +20.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,433 | €47,158 | +€8,725 | +22.7% |
| Amounts payable | 17/49 | €9,380 | €14,491 | +€5,111 | +54.5% |
| Amounts payable within one year | 42/48 | €9,380 | €14,491 | +€5,111 | +54.5% |
| Trade debts | 44 | €2,443 | €1,327 | -€1,116 | -45.7% |
| Suppliers | 440/4 | €2,443 | €1,327 | -€1,116 | -45.7% |
| Taxes, remuneration and social security | 45 | €6,906 | €8,915 | +€2,009 | +29.1% |
| Taxes | 450/3 | €6,906 | €8,915 | +€2,009 | +29.1% |
| Other amounts payable | 47/48 | €31 | €4,249 | +€4,218 | +13,821% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €2,474 | +€736 | +42.3% |
| Other operating charges | 640/8 | €1,333 | €526 | -€808 | -60.6% |
| Gross operating margin | 9900 | €38,247 | €30,729 | -€7,518 | -19.7% |
| Operating profit (loss) | 9901 | €35,175 | €27,729 | -€7,446 | -21.2% |
| Financial charges | 65/66B | €2,451 | €2,854 | +€403 | +16.4% |
| Recurring financial charges | 65 | €2,451 | €2,854 | +€403 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €32,724 | €24,875 | -€7,849 | -24.0% |
| Income taxes | 67/77 | €6,568 | €6,150 | -€418 | -6.4% |
| Profit (loss) for the period | 9904 | €26,156 | €18,725 | -€7,431 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,156 | €18,725 | -€7,431 | -28.4% |
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 29 October 2026 via checked.be.