MBM CONCEPTS: 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 CONCEPTS
Largest movements
- Tangible fixed assets -€17,630
down €17,630 (-5.6%), from €317,598 to €299,968
of which Land and buildings: -€15,341
- Debts after one year -€40,915
down €40,915 (-35.9%), from €113,908 to €72,993
- Profit (loss) carried forward +€10,334
up €10,334 (+3.5%), from -€296,374 to -€286,040
- Other debts +€4,961
up €4,961 (+1.2%), from €400,760 to €405,721
- Gross operating margin -€2,992
down €2,992 (-7.3%), from €41,132 to €38,140
- Financial charges -€2,007
down €2,007 (-21.5%), from €9,326 to €7,319
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 | €320,156 | €299,968 | -€20,188 | -6.3% |
| Fixed assets | 21/28 | €317,598 | €299,968 | -€17,630 | -5.6% |
| Tangible fixed assets | 22/27 | €317,598 | €299,968 | -€17,630 | -5.6% |
| Land and buildings | 22 | €305,596 | €290,255 | -€15,341 | -5.0% |
| Plant, machinery and equipment | 23 | €12,002 | €9,713 | -€2,289 | -19.1% |
| Current assets | 29/58 | €2,558 | €0 | -€2,558 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,558 | €0 | -€2,558 | -100.0% |
| Total equity and liabilities | 10/49 | €320,156 | €299,968 | -€20,188 | -6.3% |
| Equity | 10/15 | -€234,374 | -€224,040 | +€10,334 | +4.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,374 | -€286,040 | +€10,334 | +3.5% |
| Amounts payable | 17/49 | €554,530 | €524,008 | -€30,522 | -5.5% |
| Amounts payable after more than one year | 17 | €113,908 | €72,993 | -€40,915 | -35.9% |
| Financial debts | 170/4 | €113,908 | €72,993 | -€40,915 | -35.9% |
| Amounts payable within one year | 42/48 | €440,622 | €450,603 | +€9,982 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €38,884 | €40,915 | +€2,030 | +5.2% |
| Financial debts | 43 | - | €2,696 | +€2,696 | |
| Credit institutions | 430/8 | - | €2,696 | +€2,696 | |
| Trade debts | 44 | €977 | €1,272 | +€295 | +30.2% |
| Suppliers | 440/4 | €977 | €1,272 | +€295 | +30.2% |
| Other amounts payable | 47/48 | €400,760 | €405,721 | +€4,961 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,299 | €18,416 | +€117 | +0.6% |
| Other operating charges | 640/8 | €2,071 | €2,071 | -€1 | 0.0% |
| Gross operating margin | 9900 | €41,132 | €38,140 | -€2,992 | -7.3% |
| Operating profit (loss) | 9901 | €20,762 | €17,654 | -€3,108 | -15.0% |
| Financial charges | 65/66B | €9,326 | €7,319 | -€2,007 | -21.5% |
| Recurring financial charges | 65 | €9,326 | €7,319 | -€2,007 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €11,435 | €10,334 | -€1,101 | -9.6% |
| Profit (loss) for the period | 9904 | €11,435 | €10,334 | -€1,101 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,435 | €10,334 | -€1,101 | -9.6% |
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 29 September 2026 via checked.be.