MBD CONSTRUCT: 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.
MBD CONSTRUCT
Largest movements
- Receivables within one year +€14,854
up €14,854 (+107.2%), from €13,854 to €28,708
of which Trade receivables: +€17,150
- Cash +€9,736
up €9,736 (+340.3%), from €2,861 to €12,597
mainly Net result for the year (+€16,990) and Tax, wage and social debts (+€8,645)
- Tangible fixed assets +€5,361
up €5,361 (+1318.3%), from €407 to €5,768
of which Furniture and vehicles: +€5,768
- Profit (loss) carried forward +€16,990
up €16,990 (+6133.5%), from €277 to €17,267
- Tax, wage and social debts +€8,645
up €8,645 (+12285.8%), from €70 to €8,716
- Trade debts +€4,326
up €4,326 (+91.2%), from €4,745 to €9,071
- Other debts +€1,500
new in 2025: €1,500
- Current portion of long-term debt -€1,277
down €1,277 (-60.4%), from €2,116 to €839
- Gross operating margin +€27,561
up €27,561 (+1056.6%), from €2,608 to €30,169
- Taxes +€6,977
up €6,977 (+1631.3%), from €428 to €7,405
- Other operating charges +€3,969
up €3,969 (+776.3%), from €511 to €4,481
- Financial income -€582
no longer reported in 2025 (was €582)
of which Financial income: -€582
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 | €17,485 | €47,435 | +€29,951 | +171.3% |
| Fixed assets | 21/28 | €770 | €6,131 | +€5,361 | +696.5% |
| Tangible fixed assets | 22/27 | €407 | €5,768 | +€5,361 | +1318.3% |
| Plant, machinery and equipment | 23 | €407 | - | -€407 | |
| Furniture and vehicles | 24 | - | €5,768 | +€5,768 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €16,715 | €41,305 | +€24,590 | +147.1% |
| Amounts receivable within one year | 40/41 | €13,854 | €28,708 | +€14,854 | +107.2% |
| Trade receivables | 40 | €10,931 | €28,081 | +€17,150 | +156.9% |
| Other amounts receivable | 41 | €2,923 | €627 | -€2,296 | -78.6% |
| Cash at bank and in hand | 54/58 | €2,861 | €12,597 | +€9,736 | +340.3% |
| Total equity and liabilities | 10/49 | €17,485 | €47,435 | +€29,951 | +171.3% |
| Equity | 10/15 | €10,277 | €27,267 | +€16,990 | +165.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277 | €17,267 | +€16,990 | +6133.5% |
| Amounts payable | 17/49 | €7,208 | €20,168 | +€12,961 | +179.8% |
| Amounts payable within one year | 42/48 | €6,932 | €20,126 | +€13,194 | +190.3% |
| Current portion of amounts payable after more than one year | 42 | €2,116 | €839 | -€1,277 | -60.4% |
| Trade debts | 44 | €4,745 | €9,071 | +€4,326 | +91.2% |
| Suppliers | 440/4 | €4,745 | €9,071 | +€4,326 | +91.2% |
| Taxes, remuneration and social security | 45 | €70 | €8,716 | +€8,645 | +12285.8% |
| Taxes | 450/3 | €70 | €8,716 | +€8,645 | +12285.8% |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €276 | €42 | -€233 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €812 | +€34 | +4.4% |
| Other operating charges | 640/8 | €511 | €4,481 | +€3,969 | +776.3% |
| Gross operating margin | 9900 | €2,608 | €30,169 | +€27,561 | +1056.6% |
| Operating profit (loss) | 9901 | €1,319 | €24,877 | +€23,557 | +1785.6% |
| Financial income | 75/76B | €582 | - | -€582 | |
| Recurring financial income | 75 | €582 | - | -€582 | |
| Non-recurring financial income | 76B | €582 | - | -€582 | |
| Financial charges | 65/66B | €464 | €481 | +€18 | +3.9% |
| Recurring financial charges | 65 | €464 | €481 | +€18 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €1,438 | €24,395 | +€22,958 | +1596.8% |
| Income taxes | 67/77 | €428 | €7,405 | +€6,977 | +1631.3% |
| Profit (loss) for the period | 9904 | €1,010 | €16,990 | +€15,980 | +1582.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,010 | €16,990 | +€15,980 | +1582.3% |
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 2 October 2026 via checked.be.