MBH ENGINEERING: 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.
MBH ENGINEERING
Largest movements
- Receivables within one year +€234,439
up €234,439 (+83.5%), from €280,878 to €515,317
of which Other amounts receivable: +€198,118
- Receivables after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Current investments -€51,212
down €51,212 (-93.9%), from €54,550 to €3,338
- Cash +€42,794
up €42,794 (+59.5%), from €71,951 to €114,745
mainly Receivables after one year (+€200,000) and Net result for the year (+€142,941)
- Tangible fixed assets -€16,955
down €16,955 (-66.7%), from €25,408 to €8,453
of which Land and buildings: -€11,966
- Other debts -€52,532
down €52,532 (-52.8%), from €99,562 to €47,030
- Reserves +€47,651
up €47,651 (+9.6%), from €494,145 to €541,796
- Tax, wage and social debts +€12,229
up €12,229 (+37.3%), from €32,800 to €45,029
- Gross operating margin +€45,231
up €45,231 (+26.1%), from €173,248 to €218,479
- Taxes +€15,060
up €15,060 (+34.7%), from €43,429 to €58,489
- Financial income +€4,738
up €4,738 (+118.5%), from €3,997 to €8,734
- Financial charges -€3,766
down €3,766 (-63.6%), from €5,918 to €2,152
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 | €635,486 | €644,851 | +€9,366 | +1.5% |
| Fixed assets | 21/28 | €25,408 | €8,453 | -€16,955 | -66.7% |
| Tangible fixed assets | 22/27 | €25,408 | €8,453 | -€16,955 | -66.7% |
| Land and buildings | 22 | €11,966 | €0 | -€11,966 | -100.0% |
| Furniture and vehicles | 24 | €7,185 | €1,908 | -€5,277 | -73.4% |
| Other tangible fixed assets | 26 | €6,258 | €6,545 | +€287 | +4.6% |
| Current assets | 29/58 | €610,077 | €636,398 | +€26,321 | +4.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €0 | -€200,000 | -100.0% |
| Other amounts receivable | 291 | €200,000 | €0 | -€200,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €280,878 | €515,317 | +€234,439 | +83.5% |
| Trade receivables | 40 | €53,753 | €90,074 | +€36,321 | +67.6% |
| Other amounts receivable | 41 | €227,125 | €425,244 | +€198,118 | +87.2% |
| Current investments | 50/53 | €54,550 | €3,338 | -€51,212 | -93.9% |
| Cash at bank and in hand | 54/58 | €71,951 | €114,745 | +€42,794 | +59.5% |
| Deferred charges and accrued income | 490/1 | €2,698 | €2,998 | +€300 | +11.1% |
| Total equity and liabilities | 10/49 | €635,486 | €644,851 | +€9,366 | +1.5% |
| Equity | 10/15 | €494,146 | €541,797 | +€47,651 | +9.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €494,145 | €541,796 | +€47,651 | +9.6% |
| Distributable reserves | 133 | €494,145 | €541,796 | +€47,651 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,339 | €103,054 | -€38,285 | -27.1% |
| Amounts payable within one year | 42/48 | €138,208 | €99,554 | -€38,653 | -28.0% |
| Trade debts | 44 | €5,846 | €7,495 | +€1,649 | +28.2% |
| Suppliers | 440/4 | €5,846 | €7,495 | +€1,649 | +28.2% |
| Taxes, remuneration and social security | 45 | €32,800 | €45,029 | +€12,229 | +37.3% |
| Taxes | 450/3 | €32,800 | €45,029 | +€12,229 | +37.3% |
| Other amounts payable | 47/48 | €99,562 | €47,030 | -€52,532 | -52.8% |
| Accrued charges and deferred income | 492/3 | €3,131 | €3,500 | +€369 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,608 | €19,139 | +€531 | +2.9% |
| Other operating charges | 640/8 | €4,254 | €4,493 | +€238 | +5.6% |
| Gross operating margin | 9900 | €173,248 | €218,479 | +€45,231 | +26.1% |
| Operating profit (loss) | 9901 | €150,386 | €194,848 | +€44,462 | +29.6% |
| Financial income | 75/76B | €3,997 | €8,734 | +€4,738 | +118.5% |
| Recurring financial income | 75 | €3,997 | €8,734 | +€4,738 | +118.5% |
| Financial charges | 65/66B | €5,918 | €2,152 | -€3,766 | -63.6% |
| Recurring financial charges | 65 | €5,918 | €2,152 | -€3,766 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €148,465 | €201,430 | +€52,965 | +35.7% |
| Income taxes | 67/77 | €43,429 | €58,489 | +€15,060 | +34.7% |
| Profit (loss) for the period | 9904 | €105,036 | €142,941 | +€37,905 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,036 | €142,941 | +€37,905 | +36.1% |
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 3 October 2026 via checked.be.