MBI CONSTRUCT: 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.
MBI CONSTRUCT
Largest movements
- Tangible fixed assets +€222,082
up €222,082 (+257.8%), from €86,133 to €308,215
of which Land and buildings: +€209,683
- Cash -€49,007
down €49,007 (-69.2%), from €70,821 to €21,814
mainly Investment in fixed assets (net) (-€271,555) and Advances received (-€24,259)
- Receivables within one year +€16,567
up €16,567 (+15.7%), from €105,440 to €122,007
of which Other amounts receivable: +€31,987
- Debts after one year +€155,556
up €155,556 (+2363.3%), from €6,582 to €162,138
- Profit (loss) carried forward +€29,813
up €29,813 (+23.8%), from €125,210 to €155,024
- Advances received -€24,259
no longer reported in 2025 (was €24,259)
- Other debts +€14,694
up €14,694 (+444.6%), from €3,305 to €17,999
- Tax, wage and social debts +€10,379
up €10,379 (+64.7%), from €16,037 to €26,416
of which Taxes: +€11,750
- Gross operating margin -€35,035
down €35,035 (-26.1%), from €134,073 to €99,038
- Depreciation -€11,270
down €11,270 (-18.6%), from €60,743 to €49,474
- Taxes -€3,571
down €3,571 (-24.5%), from €14,587 to €11,016
- Other operating charges +€1,643
up €1,643 (+39.6%), from €4,153 to €5,795
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 | €267,774 | €457,199 | +€189,425 | +70.7% |
| Fixed assets | 21/28 | €87,658 | €309,739 | +€222,082 | +253.4% |
| Tangible fixed assets | 22/27 | €86,133 | €308,215 | +€222,082 | +257.8% |
| Land and buildings | 22 | €67 | €209,750 | +€209,683 | +314132.5% |
| Plant, machinery and equipment | 23 | €31,452 | €24,646 | -€6,805 | -21.6% |
| Furniture and vehicles | 24 | €54,615 | €73,818 | +€19,204 | +35.2% |
| Financial fixed assets | 28 | €1,525 | €1,525 | = | 0.0% |
| Current assets | 29/58 | €180,116 | €147,459 | -€32,657 | -18.1% |
| Amounts receivable within one year | 40/41 | €105,440 | €122,007 | +€16,567 | +15.7% |
| Trade receivables | 40 | €99,296 | €83,876 | -€15,420 | -15.5% |
| Other amounts receivable | 41 | €6,144 | €38,131 | +€31,987 | +520.6% |
| Cash at bank and in hand | 54/58 | €70,821 | €21,814 | -€49,007 | -69.2% |
| Deferred charges and accrued income | 490/1 | €3,855 | €3,638 | -€217 | -5.6% |
| Total equity and liabilities | 10/49 | €267,774 | €457,199 | +€189,425 | +70.7% |
| Equity | 10/15 | €132,360 | €162,174 | +€29,813 | +22.5% |
| Contributions | 10/11 | €7,150 | €7,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,210 | €155,024 | +€29,813 | +23.8% |
| Amounts payable | 17/49 | €135,414 | €295,025 | +€159,612 | +117.9% |
| Amounts payable after more than one year | 17 | €6,582 | €162,138 | +€155,556 | +2363.3% |
| Financial debts | 170/4 | €6,582 | €162,138 | +€155,556 | +2363.3% |
| Amounts payable within one year | 42/48 | €128,831 | €132,887 | +€4,056 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €16,515 | €17,801 | +€1,286 | +7.8% |
| Trade debts | 44 | €68,715 | €70,672 | +€1,956 | +2.8% |
| Suppliers | 440/4 | €68,715 | €70,672 | +€1,956 | +2.8% |
| Advances received on contracts in progress | 46 | €24,259 | - | -€24,259 | |
| Taxes, remuneration and social security | 45 | €16,037 | €26,416 | +€10,379 | +64.7% |
| Taxes | 450/3 | €14,666 | €26,416 | +€11,750 | +80.1% |
| Remuneration and social security | 454/9 | €1,372 | - | -€1,372 | |
| Other amounts payable | 47/48 | €3,305 | €17,999 | +€14,694 | +444.6% |
| Non-recurring operating income | 76A | €9,298 | - | -€9,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,743 | €49,474 | -€11,270 | -18.6% |
| Other operating charges | 640/8 | €4,153 | €5,795 | +€1,643 | +39.6% |
| Gross operating margin | 9900 | €134,073 | €99,038 | -€35,035 | -26.1% |
| Operating profit (loss) | 9901 | €69,177 | €43,770 | -€25,408 | -36.7% |
| Financial income | 75/76B | €86 | €596 | +€510 | +594.9% |
| Recurring financial income | 75 | €86 | €596 | +€510 | +594.9% |
| Financial charges | 65/66B | €3,283 | €3,536 | +€253 | +7.7% |
| Recurring financial charges | 65 | €3,283 | €3,536 | +€253 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €65,980 | €40,830 | -€25,150 | -38.1% |
| Income taxes | 67/77 | €14,587 | €11,016 | -€3,571 | -24.5% |
| Profit (loss) for the period | 9904 | €51,392 | €29,813 | -€21,579 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,392 | €29,813 | -€21,579 | -42.0% |
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 8 October 2026 via checked.be.