MBCo TRADING: 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.
MBCo TRADING
Largest movements
- Receivables within one year -€51,324
down €51,324 (-15.6%), from €328,359 to €277,035
of which Trade receivables: -€103,558
- Cash -€34,112
down €34,112 (-37.3%), from €91,525 to €57,413
mainly Trade debts (-€56,236) and Contributions, distributions and other (-€36,554)
- Tangible fixed assets -€5,819
down €5,819 (-25.4%), from €22,947 to €17,127
of which Furniture and vehicles: -€7,744
- Trade debts -€56,236
down €56,236 (-22.3%), from €252,175 to €195,939
- Reserves -€26,628
down €26,628 (-36.9%), from €72,248 to €45,620
of which Distributable reserves: -€26,628
- Debts after one year -€6,960
down €6,960 (-49.0%), from €14,208 to €7,247
- Other debts -€5,673
down €5,673 (-13.4%), from €42,227 to €36,554
- Gross operating margin -€59,362
down €59,362 (-50.2%), from €118,242 to €58,879
- Write-downs +€30,156
new in 2025: €30,156
- Taxes -€25,298
down €25,298 (-81.7%), from €30,968 to €5,670
- Other operating charges +€1,359
up €1,359 (+81.6%), from €1,665 to €3,024
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 | €442,988 | €351,575 | -€91,412 | -20.6% |
| Fixed assets | 21/28 | €23,104 | €17,127 | -€5,977 | -25.9% |
| Intangible fixed assets | 21 | €157 | - | -€157 | |
| Tangible fixed assets | 22/27 | €22,947 | €17,127 | -€5,819 | -25.4% |
| Plant, machinery and equipment | 23 | - | €1,925 | +€1,925 | |
| Furniture and vehicles | 24 | €22,947 | €15,202 | -€7,744 | -33.7% |
| Current assets | 29/58 | €419,884 | €334,448 | -€85,436 | -20.3% |
| Amounts receivable within one year | 40/41 | €328,359 | €277,035 | -€51,324 | -15.6% |
| Trade receivables | 40 | €328,359 | €224,801 | -€103,558 | -31.5% |
| Other amounts receivable | 41 | - | €52,234 | +€52,234 | |
| Cash at bank and in hand | 54/58 | €91,525 | €57,413 | -€34,112 | -37.3% |
| Total equity and liabilities | 10/49 | €442,988 | €351,575 | -€91,412 | -20.6% |
| Equity | 10/15 | €90,848 | €64,220 | -€26,628 | -29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,248 | €45,620 | -€26,628 | -36.9% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €71,628 | €45,000 | -€26,628 | -37.2% |
| Amounts payable | 17/49 | €352,139 | €287,355 | -€64,784 | -18.4% |
| Amounts payable after more than one year | 17 | €14,208 | €7,247 | -€6,960 | -49.0% |
| Financial debts | 170/4 | €14,208 | €7,247 | -€6,960 | -49.0% |
| Amounts payable within one year | 42/48 | €333,582 | €277,708 | -€55,874 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €10,254 | €14,170 | +€3,916 | +38.2% |
| Trade debts | 44 | €252,175 | €195,939 | -€56,236 | -22.3% |
| Suppliers | 440/4 | €252,175 | €195,939 | -€56,236 | -22.3% |
| Taxes, remuneration and social security | 45 | €28,925 | €31,045 | +€2,119 | +7.3% |
| Taxes | 450/3 | €28,925 | €31,045 | +€2,119 | +7.3% |
| Other amounts payable | 47/48 | €42,227 | €36,554 | -€5,673 | -13.4% |
| Accrued charges and deferred income | 492/3 | €4,350 | €2,400 | -€1,950 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,289 | €7,917 | -€372 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,156 | +€30,156 | |
| Other operating charges | 640/8 | €1,665 | €3,024 | +€1,359 | +81.6% |
| Gross operating margin | 9900 | €118,242 | €58,879 | -€59,362 | -50.2% |
| Operating profit (loss) | 9901 | €108,288 | €17,782 | -€90,506 | -83.6% |
| Financial income | 75/76B | €817 | €420 | -€397 | -48.6% |
| Recurring financial income | 75 | €817 | €420 | -€397 | -48.6% |
| Financial charges | 65/66B | €3,408 | €2,607 | -€801 | -23.5% |
| Recurring financial charges | 65 | €3,408 | €2,607 | -€801 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €105,697 | €15,595 | -€90,101 | -85.2% |
| Income taxes | 67/77 | €30,968 | €5,670 | -€25,298 | -81.7% |
| Profit (loss) for the period | 9904 | €74,729 | €9,926 | -€64,803 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,729 | €9,926 | -€64,803 | -86.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.