MBF ACCOUNTANT: 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.
MBF ACCOUNTANT
Largest movements
- Cash +€290,474
up €290,474 (+36.4%), from €798,639 to €1.1m
mainly Net result for the year (+€707,467) and Depreciation (+€149,573)
- Current investments +€242,002
up €242,002 (+18.2%), from €1.3m to €1.6m
- Receivables within one year +€186,419
up €186,419 (+37.2%), from €501,370 to €687,789
of which Trade receivables: +€136,339
- Tangible fixed assets -€76,697
down €76,697 (-8.1%), from €944,228 to €867,531
of which Land and buildings: -€48,994
- Reserves +€705,500
up €705,500 (+22.8%), from €3.1m to €3.8m
of which Distributable reserves: +€495,000
- Debts after one year -€68,359
down €68,359 (-44.8%), from €152,542 to €84,183
- Gross operating margin +€328,962
up €328,962 (+22.3%), from €1.5m to €1.8m
- Taxes +€77,078
up €77,078 (+34.4%), from €224,210 to €301,288
- Write-downs -€49,402
down €49,402 (-18.8%), from €262,590 to €213,188
- Staff costs +€38,325
up €38,325 (+10.7%), from €357,503 to €395,829
- Financial charges +€32,730
up €32,730, from -€24,095 to €8,635
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 | €3,678,311 | €4,319,474 | +€641,163 | +17.4% |
| Fixed assets | 21/28 | €1,044,228 | €967,531 | -€76,697 | -7.3% |
| Tangible fixed assets | 22/27 | €944,228 | €867,531 | -€76,697 | -8.1% |
| Land and buildings | 22 | €591,671 | €542,677 | -€48,994 | -8.3% |
| Furniture and vehicles | 24 | €294,176 | €276,204 | -€17,972 | -6.1% |
| Other tangible fixed assets | 26 | €58,380 | €48,650 | -€9,730 | -16.7% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €2,634,083 | €3,351,943 | +€717,860 | +27.3% |
| Amounts receivable within one year | 40/41 | €501,370 | €687,789 | +€186,419 | +37.2% |
| Trade receivables | 40 | €401,536 | €537,875 | +€136,339 | +34.0% |
| Other amounts receivable | 41 | €99,834 | €149,915 | +€50,081 | +50.2% |
| Current investments | 50/53 | €1,332,129 | €1,574,131 | +€242,002 | +18.2% |
| Cash at bank and in hand | 54/58 | €798,639 | €1,089,113 | +€290,474 | +36.4% |
| Deferred charges and accrued income | 490/1 | €1,946 | €909 | -€1,036 | -53.3% |
| Total equity and liabilities | 10/49 | €3,678,311 | €4,319,474 | +€641,163 | +17.4% |
| Equity | 10/15 | €3,123,692 | €3,831,159 | +€707,467 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,100,610 | €3,806,110 | +€705,500 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €229,250 | +€210,500 | +1,123% |
| Distributable reserves | 133 | €3,080,000 | €3,575,000 | +€495,000 | +16.1% |
| Profit (loss) carried forward | 14 | €4,482 | €6,449 | +€1,967 | +43.9% |
| Amounts payable | 17/49 | €554,619 | €488,315 | -€66,304 | -12.0% |
| Amounts payable after more than one year | 17 | €152,542 | €84,183 | -€68,359 | -44.8% |
| Financial debts | 170/4 | €152,542 | €84,183 | -€68,359 | -44.8% |
| Amounts payable within one year | 42/48 | €402,074 | €404,132 | +€2,058 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €66,934 | €68,359 | +€1,425 | +2.1% |
| Trade debts | 44 | €21,739 | €44,223 | +€22,484 | +103% |
| Suppliers | 440/4 | €21,739 | €44,223 | +€22,484 | +103% |
| Taxes, remuneration and social security | 45 | €269,437 | €261,416 | -€8,020 | -3.0% |
| Taxes | 450/3 | €238,406 | €220,781 | -€17,625 | -7.4% |
| Remuneration and social security | 454/9 | €31,031 | €40,636 | +€9,605 | +31.0% |
| Other amounts payable | 47/48 | €43,964 | €30,134 | -€13,830 | -31.5% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Remuneration, social security and pensions | 62 | €357,503 | €395,829 | +€38,325 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,134 | €149,573 | +€8,439 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €262,590 | €213,188 | -€49,402 | -18.8% |
| Other operating charges | 640/8 | €25,608 | €31,129 | +€5,521 | +21.6% |
| Gross operating margin | 9900 | €1,472,946 | €1,801,908 | +€328,962 | +22.3% |
| Operating profit (loss) | 9901 | €686,112 | €1,012,190 | +€326,078 | +47.5% |
| Financial income | 75/76B | €11,140 | €5,200 | -€5,941 | -53.3% |
| Recurring financial income | 75 | €11,140 | €5,200 | -€5,941 | -53.3% |
| Financial charges | 65/66B | -€24,095 | €8,635 | +€32,730 | |
| Recurring financial charges | 65 | -€24,095 | €8,635 | +€32,730 | |
| Profit (loss) for the period before taxes | 9903 | €721,348 | €1,008,754 | +€287,407 | +39.8% |
| Income taxes | 67/77 | €224,210 | €301,288 | +€77,078 | +34.4% |
| Profit (loss) for the period | 9904 | €497,138 | €707,467 | +€210,329 | +42.3% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €497,138 | €496,967 | -€171 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.