MBLV: 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.
MBLV
Largest movements
- Tangible fixed assets -€24,504
down €24,504 (-7.0%), from €349,371 to €324,867
of which Land and buildings: -€19,225
- Receivables within one year -€13,260
down €13,260 (-30.8%), from €43,015 to €29,755
of which Other amounts receivable: -€20,026
- Cash +€7,917
up €7,917 (+175%), from €4,521 to €12,438
mainly Other debts (+€89,455) and Depreciation (+€24,504)
- Reserves -€120,000
down €120,000 (-50.0%), from €239,930 to €119,930
- Other debts +€89,455
up €89,455 (+202%), from €44,281 to €133,736
- Profit (loss) carried forward +€7,489
up €7,489 (+21.4%), from -€34,984 to -€27,495
- Debts after one year -€6,967
down €6,967 (-5.8%), from €120,362 to €113,395
- Gross operating margin +€44,484
up €44,484, from -€4,853 to €39,631
- Depreciation +€1,500
up €1,500 (+6.5%), from €23,004 to €24,504
- Financial charges +€518
up €518 (+9.2%), from €5,617 to €6,136
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 | €396,907 | €367,059 | -€29,848 | -7.5% |
| Fixed assets | 21/28 | €349,371 | €324,867 | -€24,504 | -7.0% |
| Tangible fixed assets | 22/27 | €349,371 | €324,867 | -€24,504 | -7.0% |
| Land and buildings | 22 | €319,527 | €300,301 | -€19,225 | -6.0% |
| Plant, machinery and equipment | 23 | €2,090 | €1,460 | -€630 | -30.2% |
| Furniture and vehicles | 24 | €27,143 | €22,648 | -€4,495 | -16.6% |
| Other tangible fixed assets | 26 | €612 | €459 | -€153 | -25.0% |
| Current assets | 29/58 | €47,536 | €42,192 | -€5,343 | -11.2% |
| Amounts receivable within one year | 40/41 | €43,015 | €29,755 | -€13,260 | -30.8% |
| Trade receivables | 40 | €18,959 | €25,725 | +€6,766 | +35.7% |
| Other amounts receivable | 41 | €24,055 | €4,029 | -€20,026 | -83.2% |
| Cash at bank and in hand | 54/58 | €4,521 | €12,438 | +€7,917 | +175% |
| Total equity and liabilities | 10/49 | €396,907 | €367,059 | -€29,848 | -7.5% |
| Equity | 10/15 | €223,546 | €111,035 | -€112,511 | -50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,930 | €119,930 | -€120,000 | -50.0% |
| Distributable reserves | 133 | €239,930 | €119,930 | -€120,000 | -50.0% |
| Profit (loss) carried forward | 14 | -€34,984 | -€27,495 | +€7,489 | +21.4% |
| Amounts payable | 17/49 | €173,361 | €256,024 | +€82,664 | +47.7% |
| Amounts payable after more than one year | 17 | €120,362 | €113,395 | -€6,967 | -5.8% |
| Financial debts | 170/4 | €120,362 | €113,395 | -€6,967 | -5.8% |
| Amounts payable within one year | 42/48 | €52,999 | €142,629 | +€89,630 | +169% |
| Current portion of amounts payable after more than one year | 42 | €6,871 | €6,967 | +€96 | +1.4% |
| Trade debts | 44 | €1,259 | €952 | -€307 | -24.4% |
| Suppliers | 440/4 | €1,259 | €952 | -€307 | -24.4% |
| Taxes, remuneration and social security | 45 | €588 | €975 | +€386 | +65.7% |
| Taxes | 450/3 | €588 | €975 | +€386 | +65.7% |
| Other amounts payable | 47/48 | €44,281 | €133,736 | +€89,455 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,004 | €24,504 | +€1,500 | +6.5% |
| Other operating charges | 640/8 | €1,341 | €1,326 | -€14 | -1.1% |
| Gross operating margin | 9900 | -€4,853 | €39,631 | +€44,484 | |
| Operating profit (loss) | 9901 | -€29,198 | €13,800 | +€42,999 | |
| Financial income | 75/76B | €11 | €0 | -€11 | -98.1% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -98.1% |
| Financial charges | 65/66B | €5,617 | €6,136 | +€518 | +9.2% |
| Recurring financial charges | 65 | €5,617 | €6,136 | +€518 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,804 | €7,665 | +€42,469 | |
| Income taxes | 67/77 | €179 | €176 | -€3 | -1.8% |
| Profit (loss) for the period | 9904 | -€34,984 | €7,489 | +€42,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,984 | €7,489 | +€42,472 |
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 15 October 2026 via checked.be.