MBDL: 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.
MBDL
Largest movements
- Receivables within one year +€2.4m
up €2.4m (+135.5%), from €1.8m to €4.2m
of which Other amounts receivable: +€2.5m
- Tangible fixed assets -€890,091
down €890,091 (-90.3%), from €985,851 to €95,760
of which Land and buildings: -€552,748
- Financial fixed assets +€73,500
up €73,500 (+2.5%), from €3.0m to €3.0m
- Other debts +€2.0m
up €2.0m (+62.9%), from €3.1m to €5.1m
- Debts after one year -€874,692
no longer reported in 2022 (was €874,692)
- Profit (loss) carried forward +€362,214
up €362,214 (+71.0%), from €510,259 to €872,473
- Tax, wage and social debts +€123,536
up €123,536 (+10716.7%), from €1,153 to €124,688
- Turnover +€321,430
new in 2022: €321,430
- Gross operating margin +€113,115
up €113,115 (+58.3%), from €194,015 to €307,130
- Depreciation -€68,196
down €68,196 (-79.7%), from €85,602 to €17,406
- Taxes +€50,972
up €50,972 (+879.6%), from €5,795 to €56,767
- Purchases and services +€22,321
new in 2022: €22,321
From the 2020 result to the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,727,960 | €7,295,683 | +€1.6m | +27.4% |
| Fixed assets | 21/28 | €3,941,387 | €3,124,796 | -€816,591 | -20.7% |
| Tangible fixed assets | 22/27 | €985,851 | €95,760 | -€890,091 | -90.3% |
| Land and buildings | 22 | €552,748 | - | -€552,748 | |
| Furniture and vehicles | 24 | €122,946 | €91,628 | -€31,318 | -25.5% |
| Other tangible fixed assets | 26 | €310,158 | €4,132 | -€306,026 | -98.7% |
| Financial fixed assets | 28 | €2,955,536 | €3,029,036 | +€73,500 | +2.5% |
| Current assets | 29/58 | €1,786,573 | €4,170,887 | +€2.4m | +133.5% |
| Amounts receivable within one year | 40/41 | €1,763,248 | €4,152,633 | +€2.4m | +135.5% |
| Trade receivables | 40 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 41 | €1,683,248 | €4,152,633 | +€2.5m | +146.7% |
| Cash at bank and in hand | 54/58 | €21,999 | €18,254 | -€3,745 | -17.0% |
| Deferred charges and accrued income | 490/1 | €1,326 | - | -€1,326 | |
| Total equity and liabilities | 10/49 | €5,727,960 | €7,295,683 | +€1.6m | +27.4% |
| Equity | 10/15 | €1,695,259 | €2,057,473 | +€362,214 | +21.4% |
| Contributions | 10/11 | €1,080,000 | €1,080,000 | = | 0.0% |
| Capital | 10 | €1,080,000 | €1,080,000 | = | 0.0% |
| Issued capital | 100 | €1,080,000 | €1,080,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €105,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €105,000 | €105,000 | = | 0.0% |
| Legal reserve | 130 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €510,259 | €872,473 | +€362,214 | +71.0% |
| Amounts payable | 17/49 | €4,032,702 | €5,238,210 | +€1.2m | +29.9% |
| Amounts payable after more than one year | 17 | €874,692 | - | -€874,692 | |
| Financial debts | 170/4 | €874,692 | - | -€874,692 | |
| Amounts payable within one year | 42/48 | €3,158,010 | €5,238,210 | +€2.1m | +65.9% |
| Trade debts | 44 | €27,739 | €2,077 | -€25,662 | -92.5% |
| Suppliers | 440/4 | €27,739 | €2,077 | -€25,662 | -92.5% |
| Advances received on contracts in progress | 46 | - | €13,500 | +€13,500 | |
| Taxes, remuneration and social security | 45 | €1,153 | €124,688 | +€123,536 | +10716.7% |
| Taxes | 450/3 | €1,153 | €124,688 | +€123,536 | +10716.7% |
| Other amounts payable | 47/48 | €3,129,118 | €5,097,944 | +€2.0m | +62.9% |
| Turnover | 70 | - | €321,430 | +€321,430 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €22,321 | +€22,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,602 | €17,406 | -€68,196 | -79.7% |
| Other operating charges | 640/8 | €16,096 | - | -€16,096 | |
| Non-recurring operating charges | 66A | - | €70,012 | +€70,012 | |
| Gross operating margin | 9900 | €194,015 | €307,130 | +€113,115 | +58.3% |
| Operating profit (loss) | 9901 | €92,318 | €219,712 | +€127,394 | +138.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €540 | €154 | -€387 | -71.6% |
| Recurring financial charges | 65 | €540 | €154 | -€387 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €91,778 | €219,558 | +€127,781 | +139.2% |
| Income taxes | 67/77 | €5,795 | €56,767 | +€50,972 | +879.6% |
| Profit (loss) for the period | 9904 | €85,983 | €162,791 | +€76,809 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,983 | €162,791 | +€76,809 | +89.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.