MBE BELGIUM: 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.
MBE BELGIUM
Largest movements
- Intangible fixed assets -€34,988
down €34,988 (-52.9%), from €66,194 to €31,206
- Receivables within one year +€33,407
up €33,407 (+23.0%), from €145,171 to €178,578
of which Other amounts receivable: +€40,644
- Cash -€5,156
down €5,156 (-85.7%), from €6,014 to €858
mainly Other debts (-€56,143) and Net result for the year (-€45,699)
- Trade debts +€66,348
up €66,348 (+28.2%), from €235,567 to €301,916
of which Suppliers: +€166,160
- Other debts -€56,143
down €56,143 (-100%), from €56,143 to €0
- Profit (loss) carried forward -€45,699
down €45,699 (-41.8%), from -€109,266 to -€154,964
- Tax, wage and social debts +€12,085
up €12,085 (+55.7%), from €21,682 to €33,767
of which Taxes: +€8,414
- Accrued charges and deferred income +€9,392
new in 2024: €9,392
- Turnover -€195,331
no longer reported in 2024 (was €195,331)
- Purchases and services -€153,233
no longer reported in 2024 (was €153,233)
- Staff costs +€58,117
up €58,117 (+222,328%), from €26 to €58,143
- Other operating charges -€17,782
down €17,782 (-94.9%), from €18,742 to €960
- Gross operating margin +€8,222
up €8,222 (+19.5%), from €42,098 to €50,320
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,126 | €299,461 | -€4,666 | -1.5% |
| Fixed assets | 21/28 | €77,942 | €45,025 | -€32,917 | -42.2% |
| Intangible fixed assets | 21 | €66,194 | €31,206 | -€34,988 | -52.9% |
| Tangible fixed assets | 22/27 | €1,948 | €4,019 | +€2,071 | +106% |
| Plant, machinery and equipment | 23 | - | €1,732 | +€1,732 | |
| Furniture and vehicles | 24 | €1,948 | €2,287 | +€339 | +17.4% |
| Financial fixed assets | 28 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €226,185 | €254,436 | +€28,251 | +12.5% |
| Amounts receivable within one year | 40/41 | €145,171 | €178,578 | +€33,407 | +23.0% |
| Trade receivables | 40 | €145,171 | €137,934 | -€7,237 | -5.0% |
| Other amounts receivable | 41 | - | €40,644 | +€40,644 | |
| Cash at bank and in hand | 54/58 | €6,014 | €858 | -€5,156 | -85.7% |
| Deferred charges and accrued income | 490/1 | €75,000 | €75,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €304,126 | €299,461 | -€4,666 | -1.5% |
| Equity | 10/15 | -€9,266 | -€54,964 | -€45,699 | -493% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Profit (loss) carried forward | 14 | -€109,266 | -€154,964 | -€45,699 | -41.8% |
| Amounts payable | 17/49 | €313,392 | €354,425 | +€41,033 | +13.1% |
| Amounts payable within one year | 42/48 | €313,392 | €345,033 | +€31,641 | +10.1% |
| Trade debts | 44 | €235,567 | €301,916 | +€66,348 | +28.2% |
| Suppliers | 440/4 | €135,756 | €301,916 | +€166,160 | +122% |
| Bills of exchange payable | 441 | €99,812 | - | -€99,812 | |
| Advances received on contracts in progress | 46 | - | €9,350 | +€9,350 | |
| Taxes, remuneration and social security | 45 | €21,682 | €33,767 | +€12,085 | +55.7% |
| Taxes | 450/3 | €21,682 | €30,096 | +€8,414 | +38.8% |
| Remuneration and social security | 454/9 | - | €3,671 | +€3,671 | |
| Other amounts payable | 47/48 | €56,143 | €0 | -€56,143 | -100% |
| Accrued charges and deferred income | 492/3 | - | €9,392 | +€9,392 | |
| Turnover | 70 | €195,331 | - | -€195,331 | |
| Goods, raw materials, services and sundry goods | 60/61 | €153,233 | - | -€153,233 | |
| Remuneration, social security and pensions | 62 | €26 | €58,143 | +€58,117 | +222,328% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,475 | €37,161 | +€687 | +1.9% |
| Other operating charges | 640/8 | €18,742 | €960 | -€17,782 | -94.9% |
| Gross operating margin | 9900 | €42,098 | €50,320 | +€8,222 | +19.5% |
| Operating profit (loss) | 9901 | -€13,145 | -€45,944 | -€32,799 | -250% |
| Financial income | 75/76B | - | €642 | +€642 | |
| Recurring financial income | 75 | - | €642 | +€642 | |
| Financial charges | 65/66B | €2,117 | €397 | -€1,720 | -81.2% |
| Recurring financial charges | 65 | €2,117 | €397 | -€1,720 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,262 | -€45,699 | -€30,437 | -199% |
| Profit (loss) for the period | 9904 | -€15,262 | -€45,699 | -€30,437 | -199% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,262 | -€45,699 | -€30,437 | -199% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.