MBE-Lex: 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.
MBE-Lex
Largest movements
- Receivables within one year +€31,619
up €31,619 (+91.5%), from €34,543 to €66,162
of which Trade receivables: +€31,748
- Intangible fixed assets -€12,857
down €12,857 (-17.3%), from €74,490 to €61,633
- Tangible fixed assets -€2,745
down €2,745 (-35.1%), from €7,814 to €5,069
of which Furniture and vehicles: -€2,174
- Deferred charges and accrued income -€2,094
down €2,094 (-42.6%), from €4,921 to €2,827
- Debts after one year +€17,979
up €17,979 (+48.2%), from €37,275 to €55,254
of which Other amounts payable: +€25,000
- Other debts -€11,412
down €11,412 (-31.5%), from €36,183 to €24,771
- Tax, wage and social debts +€5,456
up €5,456 (+88.4%), from €6,170 to €11,626
- Reserves +€2,364
up €2,364 (+6.1%), from €38,940 to €41,304
- Current portion of long-term debt -€1,662
down €1,662 (-19.1%), from €8,683 to €7,021
- Gross operating margin -€54,359
down €54,359 (-68.2%), from €79,755 to €25,396
- Taxes -€11,449
down €11,449 (-82.2%), from €13,926 to €2,477
- Depreciation -€2,688
down €2,688 (-13.6%), from €19,769 to €17,081
- Other operating charges -€1,150
down €1,150 (-55.1%), from €2,086 to €936
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 | €136,211 | €149,008 | +€12,797 | +9.4% |
| Fixed assets | 21/28 | €82,304 | €66,702 | -€15,602 | -19.0% |
| Intangible fixed assets | 21 | €74,490 | €61,633 | -€12,857 | -17.3% |
| Tangible fixed assets | 22/27 | €7,814 | €5,069 | -€2,745 | -35.1% |
| Plant, machinery and equipment | 23 | €1,080 | €509 | -€571 | -52.9% |
| Furniture and vehicles | 24 | €6,734 | €4,560 | -€2,174 | -32.3% |
| Current assets | 29/58 | €53,907 | €82,306 | +€28,399 | +52.7% |
| Amounts receivable within one year | 40/41 | €34,543 | €66,162 | +€31,619 | +91.5% |
| Trade receivables | 40 | €32,970 | €64,718 | +€31,748 | +96.3% |
| Other amounts receivable | 41 | €1,573 | €1,444 | -€129 | -8.2% |
| Cash at bank and in hand | 54/58 | €14,443 | €13,317 | -€1,126 | -7.8% |
| Deferred charges and accrued income | 490/1 | €4,921 | €2,827 | -€2,094 | -42.6% |
| Total equity and liabilities | 10/49 | €136,211 | €149,008 | +€12,797 | +9.4% |
| Equity | 10/15 | €42,940 | €45,304 | +€2,364 | +5.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €38,940 | €41,304 | +€2,364 | +6.1% |
| Distributable reserves | 133 | €38,940 | €41,304 | +€2,364 | +6.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €93,270 | €103,704 | +€10,434 | +11.2% |
| Amounts payable after more than one year | 17 | €37,275 | €55,254 | +€17,979 | +48.2% |
| Financial debts | 170/4 | €37,275 | €30,254 | -€7,021 | -18.8% |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €55,575 | €48,425 | -€7,150 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €8,683 | €7,021 | -€1,662 | -19.1% |
| Trade debts | 44 | €4,539 | €5,007 | +€468 | +10.3% |
| Suppliers | 440/4 | €4,539 | €5,007 | +€468 | +10.3% |
| Taxes, remuneration and social security | 45 | €6,170 | €11,626 | +€5,456 | +88.4% |
| Taxes | 450/3 | €6,170 | €11,626 | +€5,456 | +88.4% |
| Other amounts payable | 47/48 | €36,183 | €24,771 | -€11,412 | -31.5% |
| Accrued charges and deferred income | 492/3 | €421 | €26 | -€395 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,769 | €17,081 | -€2,688 | -13.6% |
| Other operating charges | 640/8 | €2,086 | €936 | -€1,150 | -55.1% |
| Non-recurring operating charges | 66A | €2,796 | €0 | -€2,796 | -100.0% |
| Gross operating margin | 9900 | €79,755 | €25,396 | -€54,359 | -68.2% |
| Operating profit (loss) | 9901 | €55,105 | €7,380 | -€47,725 | -86.6% |
| Financial income | 75/76B | €12 | €0 | -€11 | -98.8% |
| Recurring financial income | 75 | €12 | €0 | -€11 | -98.8% |
| Financial charges | 65/66B | €2,250 | €1,706 | -€544 | -24.2% |
| Recurring financial charges | 65 | €2,250 | €1,706 | -€544 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €52,866 | €5,674 | -€47,192 | -89.3% |
| Income taxes | 67/77 | €13,926 | €2,477 | -€11,449 | -82.2% |
| Profit (loss) for the period | 9904 | €38,940 | €3,197 | -€35,744 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,940 | €3,197 | -€35,744 | -91.8% |
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 4 October 2026 via checked.be.