MBK Management: 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 Management
Largest movements
- Cash -€11,228
down €11,228 (-39.6%), from €28,371 to €17,143
mainly Net result for the year (-€6,822) and Receivables within one year (-€4,862)
- Receivables within one year +€4,862
up €4,862 (+21,929%), from €22 to €4,884
of which Trade receivables: +€4,862
- Tangible fixed assets +€774
up €774 (+21.9%), from €3,527 to €4,301
of which Furniture and vehicles: +€872
- Reserves -€6,822
down €6,822 (-37.1%), from €18,410 to €11,588
- Trade debts +€1,875
up €1,875 (+52.1%), from €3,601 to €5,476
- Tax, wage and social debts -€351
down €351 (-38.4%), from €915 to €563
- Gross operating margin -€7,785
down €7,785, from €3,684 to -€4,101
- Depreciation -€424
down €424 (-18.2%), from €2,331 to €1,907
- Taxes -€370
down €370 (-100%), from €370 to €0
- Other operating charges -€346
down €346 (-40.9%), from €846 to €499
- Financial charges +€163
up €163 (+107%), from €152 to €315
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 | €31,920 | €26,328 | -€5,592 | -17.5% |
| Fixed assets | 21/28 | €3,527 | €4,301 | +€774 | +21.9% |
| Tangible fixed assets | 22/27 | €3,527 | €4,301 | +€774 | +21.9% |
| Furniture and vehicles | 24 | €2,738 | €3,610 | +€872 | +31.9% |
| Other tangible fixed assets | 26 | €790 | €691 | -€99 | -12.5% |
| Current assets | 29/58 | €28,393 | €22,027 | -€6,366 | -22.4% |
| Amounts receivable within one year | 40/41 | €22 | €4,884 | +€4,862 | +21,929% |
| Trade receivables | 40 | €22 | €4,884 | +€4,862 | +21,929% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €28,371 | €17,143 | -€11,228 | -39.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €31,920 | €26,328 | -€5,592 | -17.5% |
| Equity | 10/15 | €24,610 | €17,788 | -€6,822 | -27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,410 | €11,588 | -€6,822 | -37.1% |
| Distributable reserves | 133 | €18,410 | €11,588 | -€6,822 | -37.1% |
| Amounts payable | 17/49 | €7,310 | €8,540 | +€1,230 | +16.8% |
| Amounts payable within one year | 42/48 | €6,610 | €7,840 | +€1,230 | +18.6% |
| Trade debts | 44 | €3,601 | €5,476 | +€1,875 | +52.1% |
| Suppliers | 440/4 | €3,601 | €5,476 | +€1,875 | +52.1% |
| Taxes, remuneration and social security | 45 | €915 | €563 | -€351 | -38.4% |
| Taxes | 450/3 | €915 | €563 | -€351 | -38.4% |
| Other amounts payable | 47/48 | €2,095 | €1,800 | -€295 | -14.1% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Non-recurring operating income | 76A | €685 | €0 | -€685 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,331 | €1,907 | -€424 | -18.2% |
| Other operating charges | 640/8 | €846 | €499 | -€346 | -40.9% |
| Gross operating margin | 9900 | €3,684 | -€4,101 | -€7,785 | |
| Operating profit (loss) | 9901 | €508 | -€6,507 | -€7,015 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €152 | €315 | +€163 | +107% |
| Recurring financial charges | 65 | €152 | €315 | +€163 | +107% |
| Profit (loss) for the period before taxes | 9903 | €356 | -€6,822 | -€7,177 | |
| Income taxes | 67/77 | €370 | €0 | -€370 | -100% |
| Profit (loss) for the period | 9904 | -€15 | -€6,822 | -€6,807 | -46,402% |
| Profit (loss) for the period to be appropriated | 9905 | -€15 | -€6,822 | -€6,807 | -46,402% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.