MBK ELEC: 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.
MBK ELEC
Largest movements
- Receivables within one year -€70,618
down €70,618 (-63.1%), from €111,831 to €41,213
of which Trade receivables: -€43,186
- Cash -€10,397
down €10,397 (-66.6%), from €15,617 to €5,220
mainly Other debts (-€57,705) and Trade debts (-€24,417)
- Other debts -€57,705
down €57,705 (-72.7%), from €79,393 to €21,688
- Trade debts -€24,417
down €24,417 (-83.1%), from €29,371 to €4,953
- Gross operating margin -€11,062
down €11,062 (-24.0%), from €46,184 to €35,122
- Depreciation -€6,243
down €6,243 (-86.2%), from €7,238 to €996
- Financial income -€2,079
down €2,079 (-100.0%), from €2,080 to €0
- Taxes +€791
up €791 (+9.7%), from €8,194 to €8,985
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 | €129,592 | €47,800 | -€81,792 | -63.1% |
| Fixed assets | 21/28 | €1,116 | €218 | -€898 | -80.5% |
| Tangible fixed assets | 22/27 | €996 | €0 | -€996 | -100% |
| Plant, machinery and equipment | 23 | €771 | €0 | -€771 | -100% |
| Furniture and vehicles | 24 | €224 | €0 | -€224 | -100% |
| Financial fixed assets | 28 | €120 | €218 | +€98 | +81.7% |
| Current assets | 29/58 | €128,476 | €47,582 | -€80,894 | -63.0% |
| Amounts receivable within one year | 40/41 | €111,831 | €41,213 | -€70,618 | -63.1% |
| Trade receivables | 40 | €69,480 | €26,294 | -€43,186 | -62.2% |
| Other amounts receivable | 41 | €42,350 | €14,919 | -€27,431 | -64.8% |
| Cash at bank and in hand | 54/58 | €15,617 | €5,220 | -€10,397 | -66.6% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,150 | +€121 | +11.7% |
| Total equity and liabilities | 10/49 | €129,592 | €47,800 | -€81,792 | -63.1% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €126,592 | €44,800 | -€81,792 | -64.6% |
| Amounts payable within one year | 42/48 | €126,592 | €44,800 | -€81,792 | -64.6% |
| Trade debts | 44 | €29,371 | €4,953 | -€24,417 | -83.1% |
| Suppliers | 440/4 | €29,371 | €4,953 | -€24,417 | -83.1% |
| Taxes, remuneration and social security | 45 | €17,828 | €18,159 | +€331 | +1.9% |
| Taxes | 450/3 | €16,328 | €16,639 | +€311 | +1.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,520 | +€20 | +1.3% |
| Other amounts payable | 47/48 | €79,393 | €21,688 | -€57,705 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,238 | €996 | -€6,243 | -86.2% |
| Other operating charges | 640/8 | €3,624 | €3,217 | -€407 | -11.2% |
| Gross operating margin | 9900 | €46,184 | €35,122 | -€11,062 | -24.0% |
| Operating profit (loss) | 9901 | €35,322 | €30,909 | -€4,412 | -12.5% |
| Financial income | 75/76B | €2,080 | €0 | -€2,079 | -100.0% |
| Recurring financial income | 75 | €2,080 | €0 | -€2,079 | -100.0% |
| Financial charges | 65/66B | €245 | €237 | -€8 | -3.1% |
| Recurring financial charges | 65 | €245 | €237 | -€8 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €37,157 | €30,673 | -€6,484 | -17.5% |
| Income taxes | 67/77 | €8,194 | €8,985 | +€791 | +9.7% |
| Profit (loss) for the period | 9904 | €28,963 | €21,688 | -€7,275 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,963 | €21,688 | -€7,275 | -25.1% |
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 22 October 2026 via checked.be.