MBH CONSULT: 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.
MBH CONSULT
Largest movements
- Cash -€85,133
down €85,133 (-36.1%), from €235,557 to €150,424
mainly Debts after one year (-€164,748) and Current portion of long-term debt (-€1,329)
- Tangible fixed assets -€25,844
down €25,844 (-12.5%), from €206,510 to €180,666
of which Furniture and vehicles: -€18,265
- Receivables within one year -€15,965
no longer reported in 2025 (was €15,965)
of which Trade receivables: -€8,320
- Debts after one year -€164,748
down €164,748 (-52.3%), from €314,731 to €149,983
of which Other amounts payable: -€143,985
- Profit (loss) carried forward +€25,596
up €25,596 (+26.7%), from €95,779 to €121,375
- Trade debts +€8,576
up €8,576 (+113%), from €7,604 to €16,180
- Other debts +€5,687
new in 2025: €5,687
- Financial income -€160,591
no longer reported in 2025 (was €160,591)
of which Financial income: -€160,591
- Gross operating margin +€63,505
up €63,505 (+1,054%), from €6,028 to €69,533
- Taxes -€10,040
down €10,040 (-59.2%), from €16,950 to €6,910
- Financial charges -€5,360
down €5,360 (-38.7%), from €13,858 to €8,498
of which Financial charges: -€5,360
- Depreciation -€3,231
down €3,231 (-10.7%), from €30,212 to €26,981
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 | €461,441 | €335,245 | -€126,196 | -27.3% |
| Fixed assets | 21/28 | €207,065 | €181,221 | -€25,844 | -12.5% |
| Tangible fixed assets | 22/27 | €206,510 | €180,666 | -€25,844 | -12.5% |
| Land and buildings | 22 | €168,729 | €162,137 | -€6,592 | -3.9% |
| Plant, machinery and equipment | 23 | €941 | €1,532 | +€591 | +62.8% |
| Furniture and vehicles | 24 | €30,842 | €12,577 | -€18,265 | -59.2% |
| Other tangible fixed assets | 26 | €5,998 | €4,420 | -€1,578 | -26.3% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €254,376 | €154,024 | -€100,352 | -39.5% |
| Amounts receivable within one year | 40/41 | €15,965 | - | -€15,965 | |
| Trade receivables | 40 | €8,320 | - | -€8,320 | |
| Other amounts receivable | 41 | €7,645 | - | -€7,645 | |
| Cash at bank and in hand | 54/58 | €235,557 | €150,424 | -€85,133 | -36.1% |
| Deferred charges and accrued income | 490/1 | €2,854 | €3,600 | +€746 | +26.1% |
| Total equity and liabilities | 10/49 | €461,441 | €335,245 | -€126,196 | -27.3% |
| Equity | 10/15 | €116,650 | €142,246 | +€25,596 | +21.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,279 | €2,279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €420 | €420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,779 | €121,375 | +€25,596 | +26.7% |
| Amounts payable | 17/49 | €344,791 | €192,999 | -€151,792 | -44.0% |
| Amounts payable after more than one year | 17 | €314,731 | €149,983 | -€164,748 | -52.3% |
| Financial debts | 170/4 | €44,502 | €23,739 | -€20,763 | -46.7% |
| Other amounts payable | 178/9 | €270,229 | €126,244 | -€143,985 | -53.3% |
| Amounts payable within one year | 42/48 | €29,156 | €42,090 | +€12,934 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €21,552 | €20,223 | -€1,329 | -6.2% |
| Trade debts | 44 | €7,604 | €16,180 | +€8,576 | +113% |
| Suppliers | 440/4 | €7,604 | €16,180 | +€8,576 | +113% |
| Other amounts payable | 47/48 | - | €5,687 | +€5,687 | |
| Accrued charges and deferred income | 492/3 | €904 | €926 | +€22 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,212 | €26,981 | -€3,231 | -10.7% |
| Other operating charges | 640/8 | €3,848 | €1,547 | -€2,301 | -59.8% |
| Gross operating margin | 9900 | €6,028 | €69,533 | +€63,505 | +1,054% |
| Operating profit (loss) | 9901 | -€28,032 | €41,005 | +€69,037 | |
| Financial income | 75/76B | €160,591 | - | -€160,591 | |
| Recurring financial income | 75 | €160,591 | - | -€160,591 | |
| Non-recurring financial income | 76B | €160,591 | - | -€160,591 | |
| Financial charges | 65/66B | €13,858 | €8,498 | -€5,360 | -38.7% |
| Recurring financial charges | 65 | €13,858 | €8,498 | -€5,360 | -38.7% |
| Non-recurring financial charges | 66B | €13,858 | €8,498 | -€5,360 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €118,701 | €32,507 | -€86,194 | -72.6% |
| Income taxes | 67/77 | €16,950 | €6,910 | -€10,040 | -59.2% |
| Profit (loss) for the period | 9904 | €101,751 | €25,597 | -€76,154 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,751 | €25,597 | -€76,154 | -74.8% |
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 19 October 2026 via checked.be.