MBMO: 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.
MBMO
Largest movements
- Tangible fixed assets -€19,225
down €19,225 (-31.9%), from €60,342 to €41,117
of which Furniture and vehicles: -€16,203
- Receivables within one year +€16,520
up €16,520 (+109.8%), from €15,040 to €31,560
of which Trade receivables: +€16,335
- Cash -€14,145
down €14,145 (-6.5%), from €217,935 to €203,790
mainly Tax, wage and social debts (-€18,174) and Receivables within one year (-€16,520)
- Tax, wage and social debts -€18,174
down €18,174 (-96.1%), from €18,904 to €730
- Reserves -€6,375
down €6,375 (-3.2%), from €199,415 to €193,040
- Trade debts +€3,211
up €3,211 (+203.4%), from €1,579 to €4,790
- Gross operating margin -€46,720
down €46,720 (-69.2%), from €67,562 to €20,843
- Taxes -€13,598
down €13,598 (-97.0%), from €14,019 to €421
- Depreciation +€3,334
up €3,334 (+21.0%), from €15,891 to €19,225
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 | €300,357 | €281,720 | -€18,637 | -6.2% |
| Fixed assets | 21/28 | €60,342 | €41,117 | -€19,225 | -31.9% |
| Tangible fixed assets | 22/27 | €60,342 | €41,117 | -€19,225 | -31.9% |
| Plant, machinery and equipment | 23 | €3,828 | €2,216 | -€1,612 | -42.1% |
| Furniture and vehicles | 24 | €49,969 | €33,766 | -€16,203 | -32.4% |
| Other tangible fixed assets | 26 | €6,545 | €5,135 | -€1,410 | -21.5% |
| Current assets | 29/58 | €240,014 | €240,602 | +€588 | +0.2% |
| Stocks and contracts in progress | 3 | €3,250 | €1,098 | -€2,152 | -66.2% |
| Stocks | 30/36 | €3,250 | €1,098 | -€2,152 | -66.2% |
| Amounts receivable within one year | 40/41 | €15,040 | €31,560 | +€16,520 | +109.8% |
| Trade receivables | 40 | €14,707 | €31,042 | +€16,335 | +111.1% |
| Other amounts receivable | 41 | €334 | €518 | +€185 | +55.4% |
| Cash at bank and in hand | 54/58 | €217,935 | €203,790 | -€14,145 | -6.5% |
| Deferred charges and accrued income | 490/1 | €3,788 | €4,154 | +€365 | +9.6% |
| Total equity and liabilities | 10/49 | €300,357 | €281,720 | -€18,637 | -6.2% |
| Equity | 10/15 | €213,824 | €207,449 | -€6,375 | -3.0% |
| Contributions | 10/11 | €14,409 | €14,409 | = | 0.0% |
| Reserves | 13 | €199,415 | €193,040 | -€6,375 | -3.2% |
| Distributable reserves | 133 | €199,415 | €193,040 | -€6,375 | -3.2% |
| Amounts payable | 17/49 | €86,533 | €74,271 | -€12,262 | -14.2% |
| Amounts payable within one year | 42/48 | €86,242 | €74,271 | -€11,971 | -13.9% |
| Trade debts | 44 | €1,579 | €4,790 | +€3,211 | +203.4% |
| Suppliers | 440/4 | €1,579 | €4,790 | +€3,211 | +203.4% |
| Taxes, remuneration and social security | 45 | €18,904 | €730 | -€18,174 | -96.1% |
| Taxes | 450/3 | €18,904 | €730 | -€18,174 | -96.1% |
| Other amounts payable | 47/48 | €65,759 | €68,750 | +€2,991 | +4.5% |
| Accrued charges and deferred income | 492/3 | €291 | - | -€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,891 | €19,225 | +€3,334 | +21.0% |
| Other operating charges | 640/8 | €951 | €1,294 | +€343 | +36.1% |
| Gross operating margin | 9900 | €67,562 | €20,843 | -€46,720 | -69.2% |
| Operating profit (loss) | 9901 | €50,720 | €323 | -€50,397 | -99.4% |
| Financial income | 75/76B | €5 | €71 | +€67 | +1453.4% |
| Recurring financial income | 75 | €5 | €71 | +€67 | +1453.4% |
| Financial charges | 65/66B | €357 | €148 | -€209 | -58.6% |
| Recurring financial charges | 65 | €357 | €148 | -€209 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €50,367 | €246 | -€50,121 | -99.5% |
| Income taxes | 67/77 | €14,019 | €421 | -€13,598 | -97.0% |
| Profit (loss) for the period | 9904 | €36,348 | -€175 | -€36,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,348 | -€175 | -€36,523 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.