MBBUILD: 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.
MBBUILD
Largest movements
- Cash -€473,911
down €473,911 (-68.9%), from €687,619 to €213,709
mainly Other debts (-€342,224) and Current investments (-€296,116)
- Current investments +€296,116
new in 2025: €296,116
- Tangible fixed assets -€20,573
down €20,573 (-2.1%), from €995,530 to €974,956
of which Land and buildings: -€19,509
- Other debts -€342,224
down €342,224 (-82.4%), from €415,105 to €72,881
- Reserves +€105,038
up €105,038 (+15.8%), from €662,934 to €767,972
of which Distributable reserves: +€105,038
- Trade debts +€69,230
up €69,230 (+727%), from €9,526 to €78,756
- Gross operating margin -€47,742
down €47,742 (-11.1%), from €431,162 to €383,420
- Taxes -€18,019
down €18,019 (-25.6%), from €70,405 to €52,386
- Depreciation +€6,494
up €6,494 (+12.5%), from €51,824 to €58,318
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 | €1,853,684 | €1,662,263 | -€191,421 | -10.3% |
| Fixed assets | 21/28 | €995,530 | €974,956 | -€20,573 | -2.1% |
| Tangible fixed assets | 22/27 | €995,530 | €974,956 | -€20,573 | -2.1% |
| Land and buildings | 22 | €949,728 | €930,218 | -€19,509 | -2.1% |
| Plant, machinery and equipment | 23 | €26,138 | €28,185 | +€2,047 | +7.8% |
| Furniture and vehicles | 24 | €19,664 | €16,552 | -€3,111 | -15.8% |
| Current assets | 29/58 | €858,154 | €687,306 | -€170,848 | -19.9% |
| Amounts receivable within one year | 40/41 | €113,504 | €130,199 | +€16,695 | +14.7% |
| Trade receivables | 40 | €113,504 | €127,029 | +€13,525 | +11.9% |
| Other amounts receivable | 41 | - | €3,170 | +€3,170 | |
| Current investments | 50/53 | - | €296,116 | +€296,116 | |
| Cash at bank and in hand | 54/58 | €687,619 | €213,709 | -€473,911 | -68.9% |
| Deferred charges and accrued income | 490/1 | €57,031 | €47,282 | -€9,749 | -17.1% |
| Total equity and liabilities | 10/49 | €1,853,684 | €1,662,263 | -€191,421 | -10.3% |
| Equity | 10/15 | €1,366,500 | €1,471,538 | +€105,038 | +7.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €662,934 | €767,972 | +€105,038 | +15.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €656,734 | €761,772 | +€105,038 | +16.0% |
| Profit (loss) carried forward | 14 | €641,566 | €641,566 | = | 0.0% |
| Amounts payable | 17/49 | €487,184 | €190,725 | -€296,459 | -60.9% |
| Amounts payable after more than one year | 17 | €4,888 | - | -€4,888 | |
| Financial debts | 170/4 | €4,888 | - | -€4,888 | |
| Amounts payable within one year | 42/48 | €473,917 | €180,475 | -€293,442 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €8,236 | €4,888 | -€3,348 | -40.7% |
| Trade debts | 44 | €9,526 | €78,756 | +€69,230 | +727% |
| Suppliers | 440/4 | €9,526 | €78,756 | +€69,230 | +727% |
| Taxes, remuneration and social security | 45 | €41,050 | €23,950 | -€17,100 | -41.7% |
| Taxes | 450/3 | €29,134 | €11,606 | -€17,528 | -60.2% |
| Remuneration and social security | 454/9 | €11,915 | €12,343 | +€428 | +3.6% |
| Other amounts payable | 47/48 | €415,105 | €72,881 | -€342,224 | -82.4% |
| Accrued charges and deferred income | 492/3 | €8,380 | €10,250 | +€1,870 | +22.3% |
| Non-recurring operating income | 76A | €17,563 | - | -€17,563 | |
| Remuneration, social security and pensions | 62 | €98,865 | €96,679 | -€2,186 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,824 | €58,318 | +€6,494 | +12.5% |
| Other operating charges | 640/8 | €64,787 | €67,710 | +€2,922 | +4.5% |
| Gross operating margin | 9900 | €431,162 | €383,420 | -€47,742 | -11.1% |
| Operating profit (loss) | 9901 | €215,685 | €160,713 | -€54,972 | -25.5% |
| Financial income | 75/76B | €128 | €1,279 | +€1,151 | +898% |
| Recurring financial income | 75 | €128 | €1,279 | +€1,151 | +898% |
| Financial charges | 65/66B | €1,202 | €4,569 | +€3,366 | +280% |
| Recurring financial charges | 65 | €1,202 | €4,569 | +€3,366 | +280% |
| Profit (loss) for the period before taxes | 9903 | €214,611 | €157,424 | -€57,188 | -26.6% |
| Income taxes | 67/77 | €70,405 | €52,386 | -€18,019 | -25.6% |
| Profit (loss) for the period | 9904 | €144,207 | €105,038 | -€39,169 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €144,207 | €105,038 | -€39,169 | -27.2% |
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 30 October 2026 via checked.be.