MBC INVEST: what changed
What changed
MBC INVEST
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€135,284
2023 · -€95,040-€40,244
Equity
-€242,776
2023 · -€107,492-€135,284
Cash
€117
2023 · €233-€116
Balance sheet total
€4.6m
2023 · €4.3m+€255,433
Largest movements
Assets
- Tangible fixed assets +€366,733
up €366,733 (+9.6%), from €3.8m to €4.2m
- Receivables within one year -€108,207
down €108,207 (-21.3%), from €507,451 to €399,244
of which Trade receivables: -€177,886
Equity and liabilities
- Other debts +€483,668
up €483,668 (+476%), from €101,685 to €585,353
- Short-term financial debts -€230,000
down €230,000 (-36.8%), from €625,000 to €395,000
- Profit (loss) carried forward -€135,284
down €135,284 (-119%), from -€113,692 to -€248,976
- Current portion of long-term debt +€72,694
up €72,694 (+123%), from €59,141 to €131,834
- Debts after one year +€53,368
up €53,368 (+1.6%), from €3.4m to €3.5m
Income statement
- Gross operating margin -€93,611
down €93,611 (-54.3%), from €172,249 to €78,638
- Write-downs -€48,831
no longer reported in 2024 (was €48,831)
- Financial charges +€41,196
up €41,196 (+34.7%), from €118,683 to €159,879
- Depreciation -€31,279
no longer reported in 2024 (was €31,279)
- Other operating charges -€14,453
down €14,453 (-21.1%), from €68,496 to €54,043
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€95,040
Gross operating margin
-€93,611
Depreciation
+€31,279
Write-downs
+€48,831
Other operating charges
+€14,453
Financial charges
-€41,196
Result 2024
-€135,284
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€470,555
Investment
-€366,733
Financing
-€103,938
Cash 2023
€233
From operations (derived)
+€470,555
Net result for the year
-€135,284
Receivables within one year
+€108,207
Deferred charges and accrued income
+€2,977
Trade debts
-€31,410
Tax, wage and social debts
+€31,848
Other debts
+€483,668
Accrued charges and deferred income
+€10,549
Investment (derived)
-€366,733
Investment in fixed assets (net)
-€366,733
Financing
-€103,938
Debts after one year
+€53,368
Current portion of long-term debt
+€72,694
Short-term financial debts
-€230,000
Cash 2024
€117
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,338,053 | €4,593,485 | +€255,433 | +5.9% |
| Fixed assets | 21/28 | €3,825,933 | €4,192,667 | +€366,733 | +9.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,813,583 | €4,180,317 | +€366,733 | +9.6% |
| Land and buildings | 22 | €3,813,583 | €4,180,317 | +€366,733 | +9.6% |
| Financial fixed assets | 28 | €12,350 | €12,350 | = | 0.0% |
| Current assets | 29/58 | €512,119 | €400,819 | -€111,300 | -21.7% |
| Amounts receivable within one year | 40/41 | €507,451 | €399,244 | -€108,207 | -21.3% |
| Trade receivables | 40 | €198,768 | €20,882 | -€177,886 | -89.5% |
| Other amounts receivable | 41 | €308,683 | €378,362 | +€69,678 | +22.6% |
| Cash at bank and in hand | 54/58 | €233 | €117 | -€116 | -50.0% |
| Deferred charges and accrued income | 490/1 | €4,435 | €1,459 | -€2,977 | -67.1% |
| Total equity and liabilities | 10/49 | €4,338,053 | €4,593,485 | +€255,433 | +5.9% |
| Equity | 10/15 | -€107,492 | -€242,776 | -€135,284 | -126% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,692 | -€248,976 | -€135,284 | -119% |
| Amounts payable | 17/49 | €4,445,545 | €4,836,262 | +€390,717 | +8.8% |
| Amounts payable after more than one year | 17 | €3,427,844 | €3,481,212 | +€53,368 | +1.6% |
| Financial debts | 170/4 | €3,427,844 | €3,481,212 | +€53,368 | +1.6% |
| Amounts payable within one year | 42/48 | €1,017,701 | €1,344,501 | +€326,799 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €59,141 | €131,834 | +€72,694 | +123% |
| Financial debts | 43 | €625,000 | €395,000 | -€230,000 | -36.8% |
| Credit institutions | 430/8 | €625,000 | €395,000 | -€230,000 | -36.8% |
| Trade debts | 44 | €70,084 | €38,674 | -€31,410 | -44.8% |
| Suppliers | 440/4 | €70,084 | €38,674 | -€31,410 | -44.8% |
| Taxes, remuneration and social security | 45 | €161,791 | €193,639 | +€31,848 | +19.7% |
| Taxes | 450/3 | €161,791 | €193,639 | +€31,848 | +19.7% |
| Other amounts payable | 47/48 | €101,685 | €585,353 | +€483,668 | +476% |
| Accrued charges and deferred income | 492/3 | - | €10,549 | +€10,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,279 | - | -€31,279 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,831 | - | -€48,831 | |
| Other operating charges | 640/8 | €68,496 | €54,043 | -€14,453 | -21.1% |
| Gross operating margin | 9900 | €172,249 | €78,638 | -€93,611 | -54.3% |
| Operating profit (loss) | 9901 | €23,642 | €24,595 | +€953 | +4.0% |
| Financial charges | 65/66B | €118,683 | €159,879 | +€41,196 | +34.7% |
| Recurring financial charges | 65 | €118,683 | €159,879 | +€41,196 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€95,040 | -€135,284 | -€40,244 | -42.3% |
| Profit (loss) for the period | 9904 | -€95,040 | -€135,284 | -€40,244 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,040 | -€135,284 | -€40,244 | -42.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.