MBM: 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.
MBM
Largest movements
- Receivables within one year -€26,593
down €26,593 (-100.0%), from €26,593 to €0
- Stocks and contracts +€2,045
up €2,045 (+6.3%), from €32,549 to €34,593
- Tangible fixed assets -€1,193
down €1,193 (-58.8%), from €2,029 to €837
- Cash -€1,143
down €1,143 (-63.0%), from €1,814 to €672
mainly Other debts (-€27,248) and Net result for the year (-€5,991)
- Other debts -€27,248
down €27,248 (-49.1%), from €55,510 to €28,262
- Trade debts +€6,361
up €6,361 (+20.0%), from €31,852 to €38,212
- Profit (loss) carried forward -€5,992
down €5,992 (-6.0%), from -€99,538 to -€105,530
- Gross operating margin -€15,948
down €15,948, from €14,622 to -€1,326
- Depreciation -€3,724
down €3,724 (-75.7%), from €4,917 to €1,193
- Financial charges -€1,774
down €1,774 (-39.1%), from €4,533 to €2,759
- Other operating charges +€386
up €386 (+81.1%), from €476 to €862
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 | €64,086 | €37,362 | -€26,724 | -41.7% |
| Fixed assets | 21/28 | €2,204 | €1,012 | -€1,193 | -54.1% |
| Tangible fixed assets | 22/27 | €2,029 | €837 | -€1,193 | -58.8% |
| Plant, machinery and equipment | 23 | €2,029 | €837 | -€1,193 | -58.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €61,881 | €36,350 | -€25,531 | -41.3% |
| Stocks and contracts in progress | 3 | €32,549 | €34,593 | +€2,045 | +6.3% |
| Stocks | 30/36 | €32,549 | €34,593 | +€2,045 | +6.3% |
| Amounts receivable within one year | 40/41 | €26,593 | €0 | -€26,593 | -100.0% |
| Trade receivables | 40 | €26,593 | €0 | -€26,593 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,814 | €672 | -€1,143 | -63.0% |
| Deferred charges and accrued income | 490/1 | €925 | €1,086 | +€160 | +17.3% |
| Total equity and liabilities | 10/49 | €64,086 | €37,362 | -€26,724 | -41.7% |
| Equity | 10/15 | -€25,168 | -€31,160 | -€5,992 | -23.8% |
| Contributions | 10/11 | €74,370 | €74,370 | = | 0.0% |
| Capital | 10 | €74,370 | €74,370 | = | 0.0% |
| Issued capital | 100 | €74,370 | €74,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,538 | -€105,530 | -€5,992 | -6.0% |
| Amounts payable | 17/49 | €89,254 | €68,522 | -€20,731 | -23.2% |
| Amounts payable within one year | 42/48 | €89,254 | €68,522 | -€20,731 | -23.2% |
| Trade debts | 44 | €31,852 | €38,212 | +€6,361 | +20.0% |
| Suppliers | 440/4 | €31,852 | €38,212 | +€6,361 | +20.0% |
| Taxes, remuneration and social security | 45 | €1,892 | €2,048 | +€156 | +8.2% |
| Taxes | 450/3 | €1,892 | €2,048 | +€156 | +8.2% |
| Other amounts payable | 47/48 | €55,510 | €28,262 | -€27,248 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,917 | €1,193 | -€3,724 | -75.7% |
| Other operating charges | 640/8 | €476 | €862 | +€386 | +81.1% |
| Gross operating margin | 9900 | €14,622 | -€1,326 | -€15,948 | |
| Operating profit (loss) | 9901 | €9,229 | -€3,381 | -€12,610 | |
| Financial income | 75/76B | €79 | €149 | +€69 | +87.1% |
| Recurring financial income | 75 | €79 | €149 | +€69 | +87.1% |
| Financial charges | 65/66B | €4,533 | €2,759 | -€1,774 | -39.1% |
| Recurring financial charges | 65 | €4,533 | €2,759 | -€1,774 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €4,776 | -€5,991 | -€10,767 | |
| Profit (loss) for the period | 9904 | €4,776 | -€5,991 | -€10,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,776 | -€5,991 | -€10,767 |
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 5 October 2026 via checked.be.