MBMC: 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.
MBMC
Largest movements
- Tangible fixed assets -€31,786
down €31,786 (-89.0%), from €35,702 to €3,916
of which Leasing and similar rights: -€30,590
- Receivables within one year +€22,665
up €22,665 (+103%), from €22,078 to €44,743
of which Other amounts receivable: +€19,311
- Cash -€5,983
down €5,983 (-88.1%), from €6,790 to €806
mainly Receivables within one year (-€22,665) and Debts after one year (-€19,507)
- Current investments +€4,046
up €4,046 (+10.9%), from €37,000 to €41,046
- Deferred charges and accrued income +€2,298
up €2,298 (+199%), from €1,156 to €3,453
- Reserves +€31,232
up €31,232 (+59.2%), from €52,736 to €83,968
- Debts after one year -€19,507
down €19,507 (-100%), from €19,507 to €0
- Current portion of long-term debt -€11,662
down €11,662 (-100%), from €11,662 to €0
- Tax, wage and social debts -€8,775
down €8,775 (-79.0%), from €11,111 to €2,336
- Other debts -€1,718
down €1,718 (-100%), from €1,718 to €0
- Depreciation -€10,859
down €10,859 (-90.1%), from €12,055 to €1,196
- Other operating charges +€2,327
up €2,327 (+139%), from €1,680 to €4,007
- Taxes +€1,707
up €1,707 (+21.5%), from €7,931 to €9,638
- Financial income +€957
up €957 (+662%), from €145 to €1,101
- Financial charges +€871
up €871 (+72.8%), from €1,196 to €2,067
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 | €102,726 | €93,965 | -€8,761 | -8.5% |
| Fixed assets | 21/28 | €35,702 | €3,916 | -€31,786 | -89.0% |
| Tangible fixed assets | 22/27 | €35,702 | €3,916 | -€31,786 | -89.0% |
| Furniture and vehicles | 24 | €3,363 | €2,262 | -€1,101 | -32.7% |
| Leasing and similar rights | 25 | €30,590 | €0 | -€30,590 | -100% |
| Other tangible fixed assets | 26 | €1,749 | €1,654 | -€95 | -5.5% |
| Current assets | 29/58 | €67,023 | €90,049 | +€23,026 | +34.4% |
| Amounts receivable within one year | 40/41 | €22,078 | €44,743 | +€22,665 | +103% |
| Trade receivables | 40 | €11,357 | €14,711 | +€3,354 | +29.5% |
| Other amounts receivable | 41 | €10,720 | €30,032 | +€19,311 | +180% |
| Current investments | 50/53 | €37,000 | €41,046 | +€4,046 | +10.9% |
| Cash at bank and in hand | 54/58 | €6,790 | €806 | -€5,983 | -88.1% |
| Deferred charges and accrued income | 490/1 | €1,156 | €3,453 | +€2,298 | +199% |
| Total equity and liabilities | 10/49 | €102,726 | €93,965 | -€8,761 | -8.5% |
| Equity | 10/15 | €57,736 | €88,968 | +€31,232 | +54.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,736 | €83,968 | +€31,232 | +59.2% |
| Distributable reserves | 133 | €52,736 | €83,968 | +€31,232 | +59.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,990 | €4,997 | -€39,992 | -88.9% |
| Amounts payable after more than one year | 17 | €19,507 | €0 | -€19,507 | -100% |
| Financial debts | 170/4 | €19,507 | €0 | -€19,507 | -100% |
| Amounts payable within one year | 42/48 | €25,482 | €4,997 | -€20,485 | -80.4% |
| Current portion of amounts payable after more than one year | 42 | €11,662 | €0 | -€11,662 | -100% |
| Trade debts | 44 | €991 | €2,662 | +€1,670 | +168% |
| Suppliers | 440/4 | €991 | €2,662 | +€1,670 | +168% |
| Taxes, remuneration and social security | 45 | €11,111 | €2,336 | -€8,775 | -79.0% |
| Taxes | 450/3 | €11,111 | €2,336 | -€8,775 | -79.0% |
| Other amounts payable | 47/48 | €1,718 | €0 | -€1,718 | -100% |
| Non-recurring operating income | 76A | - | €2,910 | +€2,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,055 | €1,196 | -€10,859 | -90.1% |
| Other operating charges | 640/8 | €1,680 | €4,007 | +€2,327 | +139% |
| Gross operating margin | 9900 | €47,594 | €47,039 | -€555 | -1.2% |
| Operating profit (loss) | 9901 | €33,859 | €41,836 | +€7,977 | +23.6% |
| Financial income | 75/76B | €145 | €1,101 | +€957 | +662% |
| Recurring financial income | 75 | €145 | €1,101 | +€957 | +662% |
| Financial charges | 65/66B | €1,196 | €2,067 | +€871 | +72.8% |
| Recurring financial charges | 65 | €1,196 | €2,067 | +€871 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €32,807 | €40,870 | +€8,063 | +24.6% |
| Income taxes | 67/77 | €7,931 | €9,638 | +€1,707 | +21.5% |
| Profit (loss) for the period | 9904 | €24,876 | €31,232 | +€6,355 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,876 | €31,232 | +€6,355 | +25.5% |
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 21 October 2026 via checked.be.