MBM Cogeval: 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.
MBM Cogeval
Largest movements
- Receivables within one year +€58,235
up €58,235 (+329%), from €17,720 to €75,955
of which Trade receivables: +€36,363
- Cash -€33,569
down €33,569 (-51.9%), from €64,671 to €31,103
mainly Receivables within one year (-€58,235) and Contributions, distributions and other (-€34,000)
- Other debts +€34,000
new in 2025: €34,000
- Profit (loss) carried forward -€14,433
down €14,433 (-22.3%), from €64,795 to €50,362
- Tax, wage and social debts +€4,010
up €4,010 (+403%), from €995 to €5,005
- Trade debts +€1,089
up €1,089 (+34.6%), from €3,146 to €4,235
- Gross operating margin +€26,120
up €26,120, from -€2,336 to €23,785
- Taxes +€2,702
new in 2025: €2,702
- Other operating charges +€1,390
new in 2025: €1,390
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 | €83,192 | €107,858 | +€24,666 | +29.6% |
| Fixed assets | 21/28 | €800 | €800 | = | 0.0% |
| Tangible fixed assets | 22/27 | €800 | €800 | = | 0.0% |
| Furniture and vehicles | 24 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €82,392 | €107,058 | +€24,666 | +29.9% |
| Amounts receivable within one year | 40/41 | €17,720 | €75,955 | +€58,235 | +329% |
| Trade receivables | 40 | €14,592 | €50,955 | +€36,363 | +249% |
| Other amounts receivable | 41 | €3,128 | €25,000 | +€21,872 | +699% |
| Cash at bank and in hand | 54/58 | €64,671 | €31,103 | -€33,569 | -51.9% |
| Total equity and liabilities | 10/49 | €83,192 | €107,858 | +€24,666 | +29.6% |
| Equity | 10/15 | €79,050 | €64,617 | -€14,433 | -18.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,795 | €50,362 | -€14,433 | -22.3% |
| Amounts payable | 17/49 | €4,141 | €43,240 | +€39,099 | +944% |
| Amounts payable within one year | 42/48 | €4,141 | €43,240 | +€39,099 | +944% |
| Trade debts | 44 | €3,146 | €4,235 | +€1,089 | +34.6% |
| Suppliers | 440/4 | €3,146 | €4,235 | +€1,089 | +34.6% |
| Taxes, remuneration and social security | 45 | €995 | €5,005 | +€4,010 | +403% |
| Taxes | 450/3 | €995 | €5,005 | +€4,010 | +403% |
| Other amounts payable | 47/48 | - | €34,000 | +€34,000 | |
| Other operating charges | 640/8 | - | €1,390 | +€1,390 | |
| Gross operating margin | 9900 | -€2,336 | €23,785 | +€26,120 | |
| Operating profit (loss) | 9901 | -€2,336 | €22,395 | +€24,731 | |
| Financial charges | 65/66B | €126 | €126 | = | 0.0% |
| Recurring financial charges | 65 | €126 | €126 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,462 | €22,269 | +€24,731 | |
| Income taxes | 67/77 | - | €2,702 | +€2,702 | |
| Profit (loss) for the period | 9904 | -€2,462 | €19,567 | +€22,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,462 | €19,567 | +€22,029 |
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 27 October 2026 via checked.be.