MBMS - VETE: 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.
MBMS - VETE
Largest movements
- Cash +€39,613
up €39,613 (+318%), from €12,459 to €52,072
mainly Net result for the year (+€39,439) and Depreciation (+€9,144)
- Tangible fixed assets -€9,144
down €9,144 (-7.0%), from €130,248 to €121,104
- Reserves +€35,000
up €35,000 (+112%), from €31,197 to €66,197
of which Distributable reserves: +€35,000
- Debts after one year -€19,443
no longer reported in 2025 (was €19,443)
- Tax, wage and social debts +€8,970
up €8,970 (+88.0%), from €10,188 to €19,158
- Profit (loss) carried forward +€4,439
up €4,439 (+22.7%), from €19,543 to €23,981
- Gross operating margin +€11,579
up €11,579 (+20.3%), from €57,084 to €68,663
- Taxes +€4,545
up €4,545 (+30.9%), from €14,688 to €19,233
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 | €143,065 | €173,176 | +€30,110 | +21.0% |
| Fixed assets | 21/28 | €130,248 | €121,104 | -€9,144 | -7.0% |
| Tangible fixed assets | 22/27 | €130,248 | €121,104 | -€9,144 | -7.0% |
| Land and buildings | 22 | €130,248 | €121,104 | -€9,144 | -7.0% |
| Current assets | 29/58 | €12,817 | €52,072 | +€39,255 | +306% |
| Amounts receivable within one year | 40/41 | €358 | - | -€358 | |
| Other amounts receivable | 41 | €358 | - | -€358 | |
| Cash at bank and in hand | 54/58 | €12,459 | €52,072 | +€39,613 | +318% |
| Total equity and liabilities | 10/49 | €143,065 | €173,176 | +€30,110 | +21.0% |
| Equity | 10/15 | €112,713 | €152,152 | +€39,439 | +35.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €31,197 | €66,197 | +€35,000 | +112% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €60,000 | +€35,000 | +140% |
| Profit (loss) carried forward | 14 | €19,543 | €23,981 | +€4,439 | +22.7% |
| Amounts payable | 17/49 | €30,352 | €21,023 | -€9,329 | -30.7% |
| Amounts payable after more than one year | 17 | €19,443 | - | -€19,443 | |
| Other amounts payable | 178/9 | €19,443 | - | -€19,443 | |
| Amounts payable within one year | 42/48 | €10,649 | €20,729 | +€10,080 | +94.7% |
| Trade debts | 44 | €461 | €66 | -€395 | -85.7% |
| Suppliers | 440/4 | €461 | €66 | -€395 | -85.7% |
| Taxes, remuneration and social security | 45 | €10,188 | €19,158 | +€8,970 | +88.0% |
| Taxes | 450/3 | €10,188 | €19,158 | +€8,970 | +88.0% |
| Other amounts payable | 47/48 | - | €1,505 | +€1,505 | |
| Accrued charges and deferred income | 492/3 | €260 | €294 | +€34 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,144 | €9,144 | = | 0.0% |
| Other operating charges | 640/8 | €1,026 | €623 | -€403 | -39.3% |
| Gross operating margin | 9900 | €57,084 | €68,663 | +€11,579 | +20.3% |
| Operating profit (loss) | 9901 | €46,913 | €58,896 | +€11,983 | +25.5% |
| Financial charges | 65/66B | €205 | €224 | +€20 | +9.6% |
| Recurring financial charges | 65 | €205 | €224 | +€20 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €46,709 | €58,672 | +€11,963 | +25.6% |
| Income taxes | 67/77 | €14,688 | €19,233 | +€4,545 | +30.9% |
| Profit (loss) for the period | 9904 | €32,021 | €39,439 | +€7,418 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,021 | €39,439 | +€7,418 | +23.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.