MBD-PROJECTEN: 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.
MBD-PROJECTEN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,475
down €1,475, from €1,305 to -€170
- Financial charges -€278
down €278 (-64.9%), from €428 to €150
- Other operating charges -€189
down €189 (-29.6%), from €639 to €449
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 | €156,309 | €155,373 | -€936 | -0.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €156,309 | €155,373 | -€936 | -0.6% |
| Stocks and contracts in progress | 3 | €138,248 | €138,248 | = | 0.0% |
| Stocks | 30/36 | €138,248 | €138,248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,062 | €17,126 | -€936 | -5.2% |
| Total equity and liabilities | 10/49 | €156,309 | €155,373 | -€936 | -0.6% |
| Equity | 10/15 | €11,942 | €11,173 | -€769 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,658 | -€7,427 | -€769 | -11.6% |
| Amounts payable | 17/49 | €144,367 | €144,200 | -€167 | -0.1% |
| Amounts payable within one year | 42/48 | €144,367 | €144,200 | -€167 | -0.1% |
| Trade debts | 44 | €85 | - | -€85 | |
| Suppliers | 440/4 | €85 | - | -€85 | |
| Taxes, remuneration and social security | 45 | €82 | - | -€82 | |
| Taxes | 450/3 | €82 | - | -€82 | |
| Other amounts payable | 47/48 | €144,200 | €144,200 | = | 0.0% |
| Other operating charges | 640/8 | €639 | €449 | -€189 | -29.6% |
| Gross operating margin | 9900 | €1,305 | -€170 | -€1,475 | |
| Operating profit (loss) | 9901 | €666 | -€619 | -€1,286 | |
| Financial charges | 65/66B | €428 | €150 | -€278 | -64.9% |
| Recurring financial charges | 65 | €428 | €150 | -€278 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €239 | -€769 | -€1,008 | |
| Profit (loss) for the period | 9904 | €239 | -€769 | -€1,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €239 | -€769 | -€1,008 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.