MBCG: 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.
MBCG
Largest movements
- Tangible fixed assets -€6,250
down €6,250 (-51.8%), from €12,056 to €5,806
- Cash +€5,930
up €5,930 (+33.7%), from €17,587 to €23,516
mainly Depreciation (+€6,250) and Net result for the year (+€5,336)
- Deferred charges and accrued income -€973
down €973 (-69.8%), from €1,394 to €422
- Receivables within one year -€634
down €634 (-2.6%), from €23,981 to €23,347
- Profit (loss) carried forward +€5,336
up €5,336 (+21.3%), from €25,096 to €30,433
- Tax, wage and social debts -€4,784
down €4,784 (-72.0%), from €6,648 to €1,864
- Trade debts -€2,521
down €2,521 (-91.2%), from €2,764 to €243
- Gross operating margin +€32,554
up €32,554, from -€19,796 to €12,758
- Depreciation +€5,806
up €5,806 (+1307.7%), from €444 to €6,250
- Other operating charges -€5,618
down €5,618 (-93.4%), from €6,018 to €400
- Staff costs +€422
new in 2025: €422
- Financial charges +€315
up €315 (+203.5%), from €155 to €470
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 | €55,018 | €53,091 | -€1,927 | -3.5% |
| Fixed assets | 21/28 | €12,056 | €5,806 | -€6,250 | -51.8% |
| Tangible fixed assets | 22/27 | €12,056 | €5,806 | -€6,250 | -51.8% |
| Furniture and vehicles | 24 | €12,056 | €5,806 | -€6,250 | -51.8% |
| Current assets | 29/58 | €42,962 | €47,285 | +€4,323 | +10.1% |
| Amounts receivable within one year | 40/41 | €23,981 | €23,347 | -€634 | -2.6% |
| Trade receivables | 40 | €23,981 | €23,347 | -€634 | -2.6% |
| Cash at bank and in hand | 54/58 | €17,587 | €23,516 | +€5,930 | +33.7% |
| Deferred charges and accrued income | 490/1 | €1,394 | €422 | -€973 | -69.8% |
| Total equity and liabilities | 10/49 | €55,018 | €53,091 | -€1,927 | -3.5% |
| Equity | 10/15 | €45,556 | €50,893 | +€5,336 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,096 | €30,433 | +€5,336 | +21.3% |
| Amounts payable | 17/49 | €9,462 | €2,198 | -€7,263 | -76.8% |
| Amounts payable within one year | 42/48 | €9,462 | €2,198 | -€7,263 | -76.8% |
| Trade debts | 44 | €2,764 | €243 | -€2,521 | -91.2% |
| Suppliers | 440/4 | €2,764 | €243 | -€2,521 | -91.2% |
| Taxes, remuneration and social security | 45 | €6,648 | €1,864 | -€4,784 | -72.0% |
| Taxes | 450/3 | €6,648 | €1,864 | -€4,784 | -72.0% |
| Other amounts payable | 47/48 | €50 | €92 | +€42 | +83.5% |
| Remuneration, social security and pensions | 62 | - | €422 | +€422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €6,250 | +€5,806 | +1307.7% |
| Other operating charges | 640/8 | €6,018 | €400 | -€5,618 | -93.4% |
| Gross operating margin | 9900 | -€19,796 | €12,758 | +€32,554 | |
| Operating profit (loss) | 9901 | -€26,258 | €5,686 | +€31,944 | |
| Financial income | 75/76B | €49 | €120 | +€71 | +145.6% |
| Recurring financial income | 75 | €49 | €120 | +€71 | +145.6% |
| Financial charges | 65/66B | €155 | €470 | +€315 | +203.5% |
| Recurring financial charges | 65 | €155 | €470 | +€315 | +203.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,364 | €5,336 | +€31,701 | |
| Income taxes | 67/77 | €13 | - | -€13 | |
| Profit (loss) for the period | 9904 | -€26,377 | €5,336 | +€31,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,377 | €5,336 | +€31,713 |
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 4 October 2026 via checked.be.