MBI: 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.
MBI
Largest movements
- Cash -€34,868
down €34,868 (-49.3%), from €70,740 to €35,873
mainly Contributions, distributions and other (-€58,000) and Receivables within one year (-€6,988)
- Tangible fixed assets -€11,016
down €11,016 (-28.0%), from €39,382 to €28,366
- Receivables within one year +€6,988
up €6,988 (+28.9%), from €24,145 to €31,133
of which Other amounts receivable: +€6,988
- Reserves -€43,000
down €43,000 (-8.4%), from €510,065 to €467,065
of which Distributable reserves: -€43,000
- Gross operating margin -€100,458
down €100,458 (-83.2%), from €120,709 to €20,251
- Taxes -€29,063
down €29,063 (-95.1%), from €30,575 to €1,512
- Other operating charges +€3,259
up €3,259 (+59.5%), from €5,478 to €8,737
- Financial income +€2,774
up €2,774 (+13.8%), from €20,114 to €22,888
of which Non-recurring financial income: +€2,618
- Financial charges +€1,494
up €1,494 (+47.7%), from €3,129 to €4,622
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 | €669,395 | €631,288 | -€38,108 | -5.7% |
| Fixed assets | 21/28 | €39,382 | €28,366 | -€11,016 | -28.0% |
| Tangible fixed assets | 22/27 | €39,382 | €28,366 | -€11,016 | -28.0% |
| Furniture and vehicles | 24 | €39,382 | €28,366 | -€11,016 | -28.0% |
| Current assets | 29/58 | €630,013 | €602,922 | -€27,091 | -4.3% |
| Amounts receivable within one year | 40/41 | €24,145 | €31,133 | +€6,988 | +28.9% |
| Trade receivables | 40 | €22,645 | €22,645 | = | 0.0% |
| Other amounts receivable | 41 | €1,500 | €8,488 | +€6,988 | +466% |
| Current investments | 50/53 | €535,128 | €535,916 | +€788 | +0.1% |
| Cash at bank and in hand | 54/58 | €70,740 | €35,873 | -€34,868 | -49.3% |
| Total equity and liabilities | 10/49 | €669,395 | €631,288 | -€38,108 | -5.7% |
| Equity | 10/15 | €648,242 | €606,296 | -€41,946 | -6.5% |
| Contributions | 10/11 | €70,650 | €70,650 | = | 0.0% |
| Capital | 10 | €70,650 | €70,650 | = | 0.0% |
| Issued capital | 100 | €70,650 | €70,650 | = | 0.0% |
| Reserves | 13 | €510,065 | €467,065 | -€43,000 | -8.4% |
| Non-distributable reserves | 130/1 | €7,065 | €7,065 | = | 0.0% |
| Other | 1319 | €7,065 | €7,065 | = | 0.0% |
| Distributable reserves | 133 | €503,000 | €460,000 | -€43,000 | -8.5% |
| Profit (loss) carried forward | 14 | €67,527 | €68,582 | +€1,054 | +1.6% |
| Amounts payable | 17/49 | €21,154 | €24,991 | +€3,838 | +18.1% |
| Amounts payable within one year | 42/48 | €21,154 | €24,991 | +€3,838 | +18.1% |
| Trade debts | 44 | €1,409 | €3,717 | +€2,308 | +164% |
| Suppliers | 440/4 | €1,409 | €3,717 | +€2,308 | +164% |
| Taxes, remuneration and social security | 45 | €15,337 | €17,137 | +€1,801 | +11.7% |
| Taxes | 450/3 | €15,337 | €17,137 | +€1,801 | +11.7% |
| Other amounts payable | 47/48 | €4,408 | €4,137 | -€271 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,573 | €12,214 | -€359 | -2.9% |
| Other operating charges | 640/8 | €5,478 | €8,737 | +€3,259 | +59.5% |
| Gross operating margin | 9900 | €120,709 | €20,251 | -€100,458 | -83.2% |
| Operating profit (loss) | 9901 | €102,658 | -€700 | -€103,358 | |
| Financial income | 75/76B | €20,114 | €22,888 | +€2,774 | +13.8% |
| Recurring financial income | 75 | €20,114 | €20,271 | +€156 | +0.8% |
| Non-recurring financial income | 76B | - | €2,618 | +€2,618 | |
| Financial charges | 65/66B | €3,129 | €4,622 | +€1,494 | +47.7% |
| Recurring financial charges | 65 | €3,129 | €4,622 | +€1,494 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €119,644 | €17,566 | -€102,078 | -85.3% |
| Income taxes | 67/77 | €30,575 | €1,512 | -€29,063 | -95.1% |
| Profit (loss) for the period | 9904 | €89,069 | €16,054 | -€73,015 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,069 | €16,054 | -€73,015 | -82.0% |
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 21 October 2026 via checked.be.