MbMp architecture: 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.
MbMp architecture
Largest movements
- Cash +€56,977
up €56,977 (+195%), from €29,242 to €86,219
mainly Net result for the year (+€65,904) and Depreciation (+€56,539)
- Tangible fixed assets -€44,882
down €44,882 (-5.7%), from €782,603 to €737,721
- Intangible fixed assets +€10,445
new in 2025: €10,445
- Profit (loss) carried forward +€65,904
up €65,904 (+148%), from €44,599 to €110,503
- Debts after one year -€49,375
down €49,375 (-7.2%), from €684,474 to €635,099
of which Financial debts: -€29,375
- Trade debts -€8,981
down €8,981 (-39.8%), from €22,571 to €13,590
- Gross operating margin +€46,048
up €46,048 (+37.0%), from €124,377 to €170,425
- Depreciation +€11,676
up €11,676 (+26.0%), from €44,863 to €56,539
- Taxes +€7,629
up €7,629 (+63.2%), from €12,062 to €19,691
- Financial charges +€3,940
up €3,940 (+21.5%), from €18,338 to €22,278
- Financial income -€2,057
down €2,057 (-98.5%), from €2,089 to €32
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 | €825,217 | €841,371 | +€16,154 | +2.0% |
| Fixed assets | 21/28 | €782,603 | €748,166 | -€34,437 | -4.4% |
| Intangible fixed assets | 21 | - | €10,445 | +€10,445 | |
| Tangible fixed assets | 22/27 | €782,603 | €737,721 | -€44,882 | -5.7% |
| Land and buildings | 22 | €683,693 | €666,436 | -€17,257 | -2.5% |
| Furniture and vehicles | 24 | €91,360 | €71,285 | -€20,075 | -22.0% |
| Other tangible fixed assets | 26 | €7,550 | - | -€7,550 | |
| Current assets | 29/58 | €42,614 | €93,205 | +€50,591 | +119% |
| Amounts receivable within one year | 40/41 | €10,402 | €3,765 | -€6,637 | -63.8% |
| Trade receivables | 40 | €10,402 | €3,765 | -€6,637 | -63.8% |
| Cash at bank and in hand | 54/58 | €29,242 | €86,219 | +€56,977 | +195% |
| Deferred charges and accrued income | 490/1 | €2,970 | €3,221 | +€251 | +8.5% |
| Total equity and liabilities | 10/49 | €825,217 | €841,371 | +€16,154 | +2.0% |
| Equity | 10/15 | €54,599 | €120,503 | +€65,904 | +121% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,599 | €110,503 | +€65,904 | +148% |
| Amounts payable | 17/49 | €770,618 | €720,868 | -€49,750 | -6.5% |
| Amounts payable after more than one year | 17 | €684,474 | €635,099 | -€49,375 | -7.2% |
| Financial debts | 170/4 | €594,474 | €565,099 | -€29,375 | -4.9% |
| Other amounts payable | 178/9 | €90,000 | €70,000 | -€20,000 | -22.2% |
| Amounts payable within one year | 42/48 | €85,683 | €85,303 | -€380 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €31,325 | €29,375 | -€1,950 | -6.2% |
| Financial debts | 43 | €3,041 | €3,333 | +€292 | +9.6% |
| Credit institutions | 430/8 | €3,041 | - | -€3,041 | |
| Other loans | 439 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €22,571 | €13,590 | -€8,981 | -39.8% |
| Suppliers | 440/4 | €22,571 | €13,590 | -€8,981 | -39.8% |
| Taxes, remuneration and social security | 45 | €15,634 | €23,458 | +€7,824 | +50.0% |
| Taxes | 450/3 | €15,634 | €23,458 | +€7,824 | +50.0% |
| Other amounts payable | 47/48 | €13,112 | €15,547 | +€2,435 | +18.6% |
| Accrued charges and deferred income | 492/3 | €461 | €466 | +€5 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,863 | €56,539 | +€11,676 | +26.0% |
| Other operating charges | 640/8 | €7,695 | €6,045 | -€1,650 | -21.4% |
| Gross operating margin | 9900 | €124,377 | €170,425 | +€46,048 | +37.0% |
| Operating profit (loss) | 9901 | €71,819 | €107,841 | +€36,022 | +50.2% |
| Financial income | 75/76B | €2,089 | €32 | -€2,057 | -98.5% |
| Recurring financial income | 75 | €2,089 | €32 | -€2,057 | -98.5% |
| Financial charges | 65/66B | €18,338 | €22,278 | +€3,940 | +21.5% |
| Recurring financial charges | 65 | €18,338 | €22,278 | +€3,940 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €55,570 | €85,595 | +€30,025 | +54.0% |
| Income taxes | 67/77 | €12,062 | €19,691 | +€7,629 | +63.2% |
| Profit (loss) for the period | 9904 | €43,508 | €65,904 | +€22,396 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,508 | €65,904 | +€22,396 | +51.5% |
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 19 October 2026 via checked.be.