MBC: what changed
Two fiscal 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.
MBC
Largest movements
- Tangible fixed assets +€851,043
up €851,043 (+210.4%), from €404,485 to €1.3m
- Cash -€20,481
down €20,481 (-96.9%), from €21,128 to €647
mainly Investment in fixed assets (net) (-€875,000) and Debts after one year (-€30,004)
- Revaluation surpluses +€875,000
up €875,000 (+1527.4%), from €57,286 to €932,286
- Debts after one year -€30,004
no longer reported in 2024 (was €30,004)
- Profit (loss) carried forward -€29,114
down €29,114 (-4.4%), from -€661,629 to -€690,743
- Other debts +€15,334
up €15,334 (+2.1%), from €744,358 to €759,692
- Gross operating margin -€28,502
down €28,502 (-95.4%), from €29,888 to €1,386
- Financial charges -€2,382
down €2,382 (-56.7%), from €4,204 to €1,822
of which Non-recurring financial charges: -€1,852
- Other operating charges -€1,838
down €1,838 (-69.3%), from €2,654 to €816
- Taxes +€999
up €999 (+34.4%), from €2,906 to €3,905
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,447 | €1,425,989 | +€837,542 | +142.3% |
| Fixed assets | 21/28 | €404,485 | €1,255,528 | +€851,043 | +210.4% |
| Tangible fixed assets | 22/27 | €404,485 | €1,255,528 | +€851,043 | +210.4% |
| Land and buildings | 22 | €404,485 | €1,255,528 | +€851,043 | +210.4% |
| Current assets | 29/58 | €183,962 | €170,461 | -€13,501 | -7.3% |
| Amounts receivable within one year | 40/41 | €162,834 | €169,814 | +€6,980 | +4.3% |
| Trade receivables | 40 | €1,550 | €8,530 | +€6,980 | +450.3% |
| Other amounts receivable | 41 | €161,284 | €161,284 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,128 | €647 | -€20,481 | -96.9% |
| Total equity and liabilities | 10/49 | €588,447 | €1,425,989 | +€837,542 | +142.3% |
| Equity | 10/15 | -€216,062 | €629,824 | +€845,886 | |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Revaluation surpluses | 12 | €57,286 | €932,286 | +€875,000 | +1527.4% |
| Reserves | 13 | €126,281 | €126,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €123,182 | €123,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€661,629 | -€690,743 | -€29,114 | -4.4% |
| Amounts payable | 17/49 | €804,509 | €796,165 | -€8,344 | -1.0% |
| Amounts payable after more than one year | 17 | €30,004 | - | -€30,004 | |
| Financial debts | 170/4 | €30,004 | - | -€30,004 | |
| Amounts payable within one year | 42/48 | €774,505 | €796,165 | +€21,660 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €27,026 | €30,004 | +€2,978 | +11.0% |
| Trade debts | 44 | €3,121 | €6,469 | +€3,348 | +107.3% |
| Suppliers | 440/4 | €3,121 | €6,469 | +€3,348 | +107.3% |
| Other amounts payable | 47/48 | €744,358 | €759,692 | +€15,334 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,957 | €23,957 | = | 0.0% |
| Other operating charges | 640/8 | €2,654 | €816 | -€1,838 | -69.3% |
| Gross operating margin | 9900 | €29,888 | €1,386 | -€28,502 | -95.4% |
| Operating profit (loss) | 9901 | €3,277 | -€23,387 | -€26,664 | |
| Financial charges | 65/66B | €4,204 | €1,822 | -€2,382 | -56.7% |
| Recurring financial charges | 65 | €2,352 | €1,822 | -€530 | -22.5% |
| Non-recurring financial charges | 66B | €1,852 | - | -€1,852 | |
| Profit (loss) for the period before taxes | 9903 | -€927 | -€25,209 | -€24,282 | -2619.4% |
| Income taxes | 67/77 | €2,906 | €3,905 | +€999 | +34.4% |
| Profit (loss) for the period | 9904 | -€3,833 | -€29,114 | -€25,281 | -659.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,833 | -€29,114 | -€25,281 | -659.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.