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
- Deferred charges and accrued income +€48,846
up €48,846 (+314.2%), from €15,544 to €64,391
- Cash +€46,193
up €46,193 (+1627.6%), from €2,838 to €49,031
mainly Net result for the year (+€107,650) and Other debts (+€84,479)
- Receivables within one year -€23,362
down €23,362 (-90.0%), from €25,971 to €2,609
- Tangible fixed assets -€8,382
down €8,382 (-69.3%), from €12,098 to €3,716
of which Furniture and vehicles: -€8,047
- Other debts +€84,479
up €84,479 (+303.2%), from €27,860 to €112,339
- Tax, wage and social debts -€15,000
no longer reported in 2025 (was €15,000)
- Current portion of long-term debt -€4,009
down €4,009 (-57.1%), from €7,025 to €3,016
- Debts after one year -€3,016
no longer reported in 2025 (was €3,016)
- Gross operating margin +€102,662
up €102,662 (+212.7%), from €48,261 to €150,923
- Taxes +€23,339
up €23,339 (+257.8%), from €9,052 to €32,391
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.
Cash bridge derived
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 | €56,451 | €119,845 | +€63,394 | +112.3% |
| Fixed assets | 21/28 | €12,098 | €3,814 | -€8,284 | -68.5% |
| Tangible fixed assets | 22/27 | €12,098 | €3,716 | -€8,382 | -69.3% |
| Plant, machinery and equipment | 23 | €461 | €126 | -€335 | -72.7% |
| Furniture and vehicles | 24 | €11,637 | €3,590 | -€8,047 | -69.2% |
| Financial fixed assets | 28 | - | €98 | +€98 | |
| Current assets | 29/58 | €44,353 | €116,031 | +€71,678 | +161.6% |
| Amounts receivable within one year | 40/41 | €25,971 | €2,609 | -€23,362 | -90.0% |
| Other amounts receivable | 41 | €25,971 | €2,609 | -€23,362 | -90.0% |
| Cash at bank and in hand | 54/58 | €2,838 | €49,031 | +€46,193 | +1627.6% |
| Deferred charges and accrued income | 490/1 | €15,544 | €64,391 | +€48,846 | +314.2% |
| Total equity and liabilities | 10/49 | €56,451 | €119,845 | +€63,394 | +112.3% |
| Equity | 10/15 | €3,427 | €3,427 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €427 | €427 | = | 0.0% |
| Distributable reserves | 133 | €427 | €427 | = | 0.0% |
| Amounts payable | 17/49 | €53,024 | €116,418 | +€63,394 | +119.6% |
| Amounts payable after more than one year | 17 | €3,016 | - | -€3,016 | |
| Financial debts | 170/4 | €3,016 | - | -€3,016 | |
| Amounts payable within one year | 42/48 | €50,008 | €116,418 | +€66,410 | +132.8% |
| Current portion of amounts payable after more than one year | 42 | €7,025 | €3,016 | -€4,009 | -57.1% |
| Trade debts | 44 | €124 | €1,063 | +€940 | +760.8% |
| Suppliers | 440/4 | €124 | €1,063 | +€940 | +760.8% |
| Taxes, remuneration and social security | 45 | €15,000 | - | -€15,000 | |
| Taxes | 450/3 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €27,860 | €112,339 | +€84,479 | +303.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €8,382 | -€618 | -6.9% |
| Other operating charges | 640/8 | €1,729 | €2,171 | +€443 | +25.6% |
| Gross operating margin | 9900 | €48,261 | €150,923 | +€102,662 | +212.7% |
| Operating profit (loss) | 9901 | €37,532 | €140,370 | +€102,838 | +274.0% |
| Financial income | 75/76B | €134 | - | -€134 | |
| Recurring financial income | 75 | €134 | - | -€134 | |
| Financial charges | 65/66B | €754 | €328 | -€426 | -56.5% |
| Recurring financial charges | 65 | €754 | €328 | -€426 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €36,911 | €140,041 | +€103,130 | +279.4% |
| Income taxes | 67/77 | €9,052 | €32,391 | +€23,339 | +257.8% |
| Profit (loss) for the period | 9904 | €27,860 | €107,650 | +€79,791 | +286.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,860 | €107,650 | +€79,791 | +286.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.