MBCON: 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.
MBCON
Largest movements
- Cash +€76,466
up €76,466 (+130.9%), from €58,423 to €134,890
mainly Net result for the year (+€89,539) and Depreciation (+€1,817)
- Reserves +€89,539
up €89,539 (+71.6%), from €125,108 to €214,647
- Tax, wage and social debts -€13,647
down €13,647 (-29.3%), from €46,622 to €32,975
of which Taxes: -€9,657
- Gross operating margin +€4,843
up €4,843 (+4.5%), from €108,286 to €113,130
- Financial income +€2,086
up €2,086 (+193.5%), from €1,078 to €3,165
- Taxes +€1,893
up €1,893 (+8.5%), from €22,300 to €24,194
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 | €177,400 | €251,472 | +€74,072 | +41.8% |
| Fixed assets | 21/28 | €5,237 | €3,420 | -€1,817 | -34.7% |
| Tangible fixed assets | 22/27 | €5,237 | €3,420 | -€1,817 | -34.7% |
| Furniture and vehicles | 24 | €5,237 | €3,420 | -€1,817 | -34.7% |
| Current assets | 29/58 | €172,163 | €248,052 | +€75,889 | +44.1% |
| Amounts receivable within one year | 40/41 | €12,349 | €11,700 | -€649 | -5.3% |
| Trade receivables | 40 | €12,349 | €11,700 | -€649 | -5.3% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,423 | €134,890 | +€76,466 | +130.9% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,462 | +€71 | +5.1% |
| Total equity and liabilities | 10/49 | €177,400 | €251,472 | +€74,072 | +41.8% |
| Equity | 10/15 | €128,108 | €217,647 | +€89,539 | +69.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €125,108 | €214,647 | +€89,539 | +71.6% |
| Distributable reserves | 133 | €125,108 | €214,647 | +€89,539 | +71.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,293 | €33,825 | -€15,468 | -31.4% |
| Amounts payable within one year | 42/48 | €49,293 | €33,825 | -€15,468 | -31.4% |
| Trade debts | 44 | €784 | €616 | -€168 | -21.4% |
| Suppliers | 440/4 | €784 | €616 | -€168 | -21.4% |
| Taxes, remuneration and social security | 45 | €46,622 | €32,975 | -€13,647 | -29.3% |
| Taxes | 450/3 | €42,631 | €32,975 | -€9,657 | -22.7% |
| Remuneration and social security | 454/9 | €3,990 | €0 | -€3,990 | -100.0% |
| Other amounts payable | 47/48 | €1,887 | €234 | -€1,653 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €1,817 | +€350 | +23.9% |
| Other operating charges | 640/8 | €114 | €511 | +€398 | +349.4% |
| Non-recurring operating charges | 66A | €1,090 | €0 | -€1,090 | -100.0% |
| Gross operating margin | 9900 | €108,286 | €113,130 | +€4,843 | +4.5% |
| Operating profit (loss) | 9901 | €105,616 | €110,801 | +€5,185 | +4.9% |
| Financial income | 75/76B | €1,078 | €3,165 | +€2,086 | +193.5% |
| Recurring financial income | 75 | €1,078 | €3,165 | +€2,086 | +193.5% |
| Financial charges | 65/66B | €124 | €233 | +€109 | +88.3% |
| Recurring financial charges | 65 | €124 | €233 | +€109 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €106,570 | €113,733 | +€7,163 | +6.7% |
| Income taxes | 67/77 | €22,300 | €24,194 | +€1,893 | +8.5% |
| Profit (loss) for the period | 9904 | €84,270 | €89,539 | +€5,270 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,270 | €89,539 | +€5,270 | +6.3% |
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 5 October 2026 via checked.be.