MBL 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.
MBL MANAGEMENT
Largest movements
- Receivables within one year -€73,091
down €73,091 (-61.3%), from €119,235 to €46,144
of which Other amounts receivable: -€48,914
- Cash -€30,748
down €30,748 (-35.7%), from €86,041 to €55,293
mainly Net result for the year (-€96,539) and Accrued charges and deferred income (-€20,251)
- Tangible fixed assets -€16,336
down €16,336 (-29.5%), from €55,448 to €39,112
of which Furniture and vehicles: -€15,908
- Profit (loss) carried forward -€96,539
down €96,539 (-80.7%), from €119,581 to €23,041
- Accrued charges and deferred income -€20,251
no longer reported in 2025 (was €20,251)
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts -€11,569
down €11,569 (-86.1%), from €13,435 to €1,866
of which Taxes: -€11,067
- Trade debts -€4,487
down €4,487 (-22.0%), from €20,398 to €15,911
- Gross operating margin -€107,606
down €107,606, from €51,012 to -€56,595
- Write-downs +€12,826
new in 2025: €12,826
- Taxes -€6,211
down €6,211 (-71.0%), from €8,753 to €2,542
- Depreciation +€4,586
up €4,586 (+39.0%), from €11,751 to €16,336
- Other operating charges -€2,387
down €2,387 (-57.3%), from €4,166 to €1,779
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 | €330,725 | €210,549 | -€120,175 | -36.3% |
| Fixed assets | 21/28 | €55,448 | €39,112 | -€16,336 | -29.5% |
| Tangible fixed assets | 22/27 | €55,448 | €39,112 | -€16,336 | -29.5% |
| Plant, machinery and equipment | 23 | €1,766 | €1,337 | -€429 | -24.3% |
| Furniture and vehicles | 24 | €53,682 | €37,775 | -€15,908 | -29.6% |
| Current assets | 29/58 | €275,277 | €171,438 | -€103,839 | -37.7% |
| Amounts receivable within one year | 40/41 | €119,235 | €46,144 | -€73,091 | -61.3% |
| Trade receivables | 40 | €27,137 | €2,960 | -€24,177 | -89.1% |
| Other amounts receivable | 41 | €92,098 | €43,185 | -€48,914 | -53.1% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,041 | €55,293 | -€30,748 | -35.7% |
| Total equity and liabilities | 10/49 | €330,725 | €210,549 | -€120,175 | -36.3% |
| Equity | 10/15 | €276,641 | €192,501 | -€84,139 | -30.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €150,860 | €150,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €149,000 | €149,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,581 | €23,041 | -€96,539 | -80.7% |
| Amounts payable | 17/49 | €54,084 | €18,048 | -€36,036 | -66.6% |
| Amounts payable within one year | 42/48 | €33,833 | €18,048 | -€15,785 | -46.7% |
| Trade debts | 44 | €20,398 | €15,911 | -€4,487 | -22.0% |
| Suppliers | 440/4 | €20,398 | €15,911 | -€4,487 | -22.0% |
| Taxes, remuneration and social security | 45 | €13,435 | €1,866 | -€11,569 | -86.1% |
| Taxes | 450/3 | €12,646 | €1,580 | -€11,067 | -87.5% |
| Remuneration and social security | 454/9 | €788 | €286 | -€502 | -63.7% |
| Other amounts payable | 47/48 | - | €271 | +€271 | |
| Accrued charges and deferred income | 492/3 | €20,251 | - | -€20,251 | |
| Remuneration, social security and pensions | 62 | €6,262 | €6,418 | +€155 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,751 | €16,336 | +€4,586 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,826 | +€12,826 | |
| Other operating charges | 640/8 | €4,166 | €1,779 | -€2,387 | -57.3% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | €51,012 | -€56,595 | -€107,606 | |
| Operating profit (loss) | 9901 | €18,833 | -€93,954 | -€112,787 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €36 | €44 | +€8 | +21.8% |
| Recurring financial charges | 65 | €36 | €44 | +€8 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €18,797 | -€93,997 | -€112,794 | |
| Income taxes | 67/77 | €8,753 | €2,542 | -€6,211 | -71.0% |
| Profit (loss) for the period | 9904 | €10,044 | -€96,539 | -€106,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,044 | -€96,539 | -€106,583 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.