MBMK: 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.
MBMK
Largest movements
- Cash +€85,163
up €85,163 (+214.8%), from €39,643 to €124,805
mainly Stocks and contracts (+€53,300) and Receivables within one year (+€45,613)
- Stocks and contracts -€53,300
down €53,300 (-58.1%), from €91,798 to €38,498
- Receivables within one year -€45,613
down €45,613 (-87.6%), from €52,098 to €6,486
of which Trade receivables: -€47,211
- Tangible fixed assets -€4,919
down €4,919 (-30.6%), from €16,103 to €11,183
of which Other tangible fixed assets: -€3,482
- Other debts -€50,000
down €50,000 (-36.7%), from €136,055 to €86,055
- Trade debts +€19,454
up €19,454 (+270.8%), from €7,184 to €26,638
- Profit (loss) carried forward +€10,914
up €10,914 (+67.6%), from €16,145 to €27,059
- Tax, wage and social debts +€10,852
up €10,852 (+150.0%), from €7,233 to €18,085
of which Remuneration and social security: +€7,526
- Current portion of long-term debt -€9,420
down €9,420 (-83.0%), from €11,346 to €1,925
- Gross operating margin +€21,276
up €21,276 (+50.0%), from €42,575 to €63,851
- Staff costs +€16,894
up €16,894 (+90.4%), from €18,683 to €35,577
- Financial charges +€2,745
up €2,745 (+56.5%), from €4,854 to €7,599
- Depreciation -€2,383
down €2,383 (-32.6%), from €7,302 to €4,919
- Taxes +€934
up €934 (+30.0%), from €3,114 to €4,049
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 | €202,058 | €183,102 | -€18,955 | -9.4% |
| Fixed assets | 21/28 | €18,233 | €13,313 | -€4,919 | -27.0% |
| Tangible fixed assets | 22/27 | €16,103 | €11,183 | -€4,919 | -30.6% |
| Plant, machinery and equipment | 23 | €733 | €176 | -€557 | -76.0% |
| Furniture and vehicles | 24 | €1,304 | €424 | -€880 | -67.5% |
| Other tangible fixed assets | 26 | €14,066 | €10,583 | -€3,482 | -24.8% |
| Financial fixed assets | 28 | €2,130 | €2,130 | = | 0.0% |
| Current assets | 29/58 | €183,825 | €169,789 | -€14,036 | -7.6% |
| Stocks and contracts in progress | 3 | €91,798 | €38,498 | -€53,300 | -58.1% |
| Stocks | 30/36 | €91,798 | €38,498 | -€53,300 | -58.1% |
| Amounts receivable within one year | 40/41 | €52,098 | €6,486 | -€45,613 | -87.6% |
| Trade receivables | 40 | €52,098 | €4,887 | -€47,211 | -90.6% |
| Other amounts receivable | 41 | - | €1,598 | +€1,598 | |
| Cash at bank and in hand | 54/58 | €39,643 | €124,805 | +€85,163 | +214.8% |
| Deferred charges and accrued income | 490/1 | €286 | - | -€286 | |
| Total equity and liabilities | 10/49 | €202,058 | €183,102 | -€18,955 | -9.4% |
| Equity | 10/15 | €36,145 | €47,059 | +€10,914 | +30.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,145 | €27,059 | +€10,914 | +67.6% |
| Amounts payable | 17/49 | €165,913 | €136,043 | -€29,870 | -18.0% |
| Amounts payable after more than one year | 17 | €1,925 | - | -€1,925 | |
| Financial debts | 170/4 | €1,925 | - | -€1,925 | |
| Amounts payable within one year | 42/48 | €163,987 | €134,682 | -€29,305 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €11,346 | €1,925 | -€9,420 | -83.0% |
| Financial debts | 43 | €2,170 | €1,979 | -€190 | -8.8% |
| Credit institutions | 430/8 | €2,170 | €1,979 | -€190 | -8.8% |
| Trade debts | 44 | €7,184 | €26,638 | +€19,454 | +270.8% |
| Suppliers | 440/4 | €7,184 | €26,638 | +€19,454 | +270.8% |
| Taxes, remuneration and social security | 45 | €7,233 | €18,085 | +€10,852 | +150.0% |
| Taxes | 450/3 | €5,067 | €8,393 | +€3,326 | +65.6% |
| Remuneration and social security | 454/9 | €2,166 | €9,691 | +€7,526 | +347.5% |
| Other amounts payable | 47/48 | €136,055 | €86,055 | -€50,000 | -36.7% |
| Accrued charges and deferred income | 492/3 | - | €1,361 | +€1,361 | |
| Remuneration, social security and pensions | 62 | €18,683 | €35,577 | +€16,894 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,302 | €4,919 | -€2,383 | -32.6% |
| Other operating charges | 640/8 | €400 | €901 | +€501 | +125.2% |
| Gross operating margin | 9900 | €42,575 | €63,851 | +€21,276 | +50.0% |
| Operating profit (loss) | 9901 | €16,190 | €22,454 | +€6,264 | +38.7% |
| Financial income | 75/76B | €98 | €109 | +€11 | +11.2% |
| Recurring financial income | 75 | €98 | €109 | +€11 | +11.2% |
| Financial charges | 65/66B | €4,854 | €7,599 | +€2,745 | +56.5% |
| Recurring financial charges | 65 | €4,854 | €7,599 | +€2,745 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €11,433 | €14,963 | +€3,530 | +30.9% |
| Income taxes | 67/77 | €3,114 | €4,049 | +€934 | +30.0% |
| Profit (loss) for the period | 9904 | €8,319 | €10,914 | +€2,596 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,319 | €10,914 | +€2,596 | +31.2% |
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.