MBN Construct: 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.
MBN Construct
Largest movements
- Cash -€23,183
down €23,183 (-39.4%), from €58,836 to €35,653
mainly Net result for the year (-€20,842) and Tax, wage and social debts (-€10,916)
- Tangible fixed assets -€9,701
down €9,701 (-69.2%), from €14,017 to €4,315
- Profit (loss) carried forward -€20,842
down €20,842 (-323.3%), from -€6,447 to -€27,289
- Tax, wage and social debts -€10,916
down €10,916 (-100.0%), from €10,916 to €0
- Gross operating margin -€17,038
down €17,038, from €7,612 to -€9,427
- Depreciation -€1,916
down €1,916 (-16.5%), from €11,617 to €9,701
- Other operating charges -€464
down €464 (-22.0%), from €2,112 to €1,648
- Taxes -€171
down €171 (-100.0%), from €171 to €0
- Financial charges -€108
down €108 (-61.9%), from €175 to €67
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 | €77,087 | €44,208 | -€32,879 | -42.7% |
| Fixed assets | 21/28 | €14,017 | €4,315 | -€9,701 | -69.2% |
| Tangible fixed assets | 22/27 | €14,017 | €4,315 | -€9,701 | -69.2% |
| Furniture and vehicles | 24 | €14,017 | €4,315 | -€9,701 | -69.2% |
| Current assets | 29/58 | €63,070 | €39,893 | -€23,177 | -36.7% |
| Amounts receivable within one year | 40/41 | €4,234 | €4,240 | +€6 | +0.2% |
| Other amounts receivable | 41 | €4,234 | €4,240 | +€6 | +0.2% |
| Cash at bank and in hand | 54/58 | €58,836 | €35,653 | -€23,183 | -39.4% |
| Total equity and liabilities | 10/49 | €77,087 | €44,208 | -€32,879 | -42.7% |
| Equity | 10/15 | €63,931 | €43,088 | -€20,842 | -32.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,377 | €67,377 | = | 0.0% |
| Distributable reserves | 133 | €67,377 | €67,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,447 | -€27,289 | -€20,842 | -323.3% |
| Amounts payable | 17/49 | €13,156 | €1,120 | -€12,036 | -91.5% |
| Amounts payable within one year | 42/48 | €13,156 | €1,120 | -€12,036 | -91.5% |
| Trade debts | 44 | €781 | €13 | -€768 | -98.3% |
| Suppliers | 440/4 | €781 | €13 | -€768 | -98.3% |
| Taxes, remuneration and social security | 45 | €10,916 | €0 | -€10,916 | -100.0% |
| Taxes | 450/3 | €10,916 | €0 | -€10,916 | -100.0% |
| Other amounts payable | 47/48 | €1,459 | €1,106 | -€353 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,617 | €9,701 | -€1,916 | -16.5% |
| Other operating charges | 640/8 | €2,112 | €1,648 | -€464 | -22.0% |
| Gross operating margin | 9900 | €7,612 | -€9,427 | -€17,038 | |
| Operating profit (loss) | 9901 | -€6,117 | -€20,776 | -€14,659 | -239.6% |
| Financial income | 75/76B | €17 | €1 | -€16 | -96.9% |
| Recurring financial income | 75 | €17 | €1 | -€16 | -96.9% |
| Financial charges | 65/66B | €175 | €67 | -€108 | -61.9% |
| Recurring financial charges | 65 | €175 | €67 | -€108 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,275 | -€20,842 | -€14,567 | -232.1% |
| Income taxes | 67/77 | €171 | €0 | -€171 | -100.0% |
| Profit (loss) for the period | 9904 | -€6,447 | -€20,842 | -€14,395 | -223.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,447 | -€20,842 | -€14,395 | -223.3% |
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 7 October 2026 via checked.be.