MBN CONSULTING: 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.
MBN CONSULTING
Largest movements
- Tangible fixed assets -€72,929
down €72,929 (-8.4%), from €870,854 to €797,925
of which Land and buildings: -€49,875
- Cash -€21,816
down €21,816 (-83.5%), from €26,140 to €4,324
mainly Debts after one year (-€89,669) and Current portion of long-term debt (-€37,055)
- Deferred charges and accrued income +€15,472
up €15,472 (+171%), from €9,038 to €24,510
- Receivables within one year -€11,109
down €11,109 (-55.7%), from €19,929 to €8,820
- Debts after one year -€89,669
down €89,669 (-22.4%), from €400,178 to €310,509
- Current portion of long-term debt -€37,055
down €37,055 (-29.2%), from €126,725 to €89,669
- Reserves +€26,800
up €26,800 (+15.8%), from €169,635 to €196,435
- Short-term financial debts +€20,729
up €20,729, from €0 to €20,729
- Gross operating margin -€19,049
down €19,049 (-10.4%), from €182,289 to €163,241
- Staff costs +€2,947
up €2,947 (+93.1%), from €3,165 to €6,112
- Taxes -€2,427
down €2,427 (-14.4%), from €16,860 to €14,432
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 | €944,623 | €857,008 | -€87,615 | -9.3% |
| Fixed assets | 21/28 | €871,394 | €798,465 | -€72,929 | -8.4% |
| Tangible fixed assets | 22/27 | €870,854 | €797,925 | -€72,929 | -8.4% |
| Land and buildings | 22 | €783,503 | €733,628 | -€49,875 | -6.4% |
| Plant, machinery and equipment | 23 | €73,110 | €48,403 | -€24,707 | -33.8% |
| Furniture and vehicles | 24 | €14,242 | €15,894 | +€1,652 | +11.6% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €73,229 | €58,543 | -€14,686 | -20.1% |
| Stocks and contracts in progress | 3 | €18,122 | €20,889 | +€2,767 | +15.3% |
| Stocks | 30/36 | €18,122 | €20,889 | +€2,767 | +15.3% |
| Amounts receivable within one year | 40/41 | €19,929 | €8,820 | -€11,109 | -55.7% |
| Other amounts receivable | 41 | €19,929 | €8,820 | -€11,109 | -55.7% |
| Cash at bank and in hand | 54/58 | €26,140 | €4,324 | -€21,816 | -83.5% |
| Deferred charges and accrued income | 490/1 | €9,038 | €24,510 | +€15,472 | +171% |
| Total equity and liabilities | 10/49 | €944,623 | €857,008 | -€87,615 | -9.3% |
| Equity | 10/15 | €339,635 | €366,435 | +€26,800 | +7.9% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €169,635 | €196,435 | +€26,800 | +15.8% |
| Distributable reserves | 133 | €169,635 | €196,435 | +€26,800 | +15.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €604,988 | €490,573 | -€114,415 | -18.9% |
| Amounts payable after more than one year | 17 | €400,178 | €310,509 | -€89,669 | -22.4% |
| Financial debts | 170/4 | €400,178 | €310,509 | -€89,669 | -22.4% |
| Amounts payable within one year | 42/48 | €203,982 | €179,079 | -€24,903 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €126,725 | €89,669 | -€37,055 | -29.2% |
| Financial debts | 43 | €0 | €20,729 | +€20,729 | |
| Credit institutions | 430/8 | €0 | €20,729 | +€20,729 | |
| Trade debts | 44 | €50,559 | €47,130 | -€3,429 | -6.8% |
| Suppliers | 440/4 | €50,559 | €47,130 | -€3,429 | -6.8% |
| Taxes, remuneration and social security | 45 | €8,275 | €7,475 | -€800 | -9.7% |
| Taxes | 450/3 | €7,105 | €6,625 | -€480 | -6.8% |
| Remuneration and social security | 454/9 | €1,170 | €850 | -€320 | -27.3% |
| Other amounts payable | 47/48 | €18,423 | €14,075 | -€4,348 | -23.6% |
| Accrued charges and deferred income | 492/3 | €828 | €985 | +€157 | +19.0% |
| Remuneration, social security and pensions | 62 | €3,165 | €6,112 | +€2,947 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,238 | €89,361 | -€878 | -1.0% |
| Other operating charges | 640/8 | €7,178 | €7,503 | +€326 | +4.5% |
| Gross operating margin | 9900 | €182,289 | €163,241 | -€19,049 | -10.4% |
| Operating profit (loss) | 9901 | €81,708 | €60,265 | -€21,444 | -26.2% |
| Financial income | 75/76B | €1,555 | €121 | -€1,433 | -92.2% |
| Recurring financial income | 75 | €1,555 | €121 | -€1,433 | -92.2% |
| Financial charges | 65/66B | €20,253 | €19,154 | -€1,099 | -5.4% |
| Recurring financial charges | 65 | €20,253 | €19,154 | -€1,099 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €63,010 | €41,232 | -€21,778 | -34.6% |
| Income taxes | 67/77 | €16,860 | €14,432 | -€2,427 | -14.4% |
| Profit (loss) for the period | 9904 | €46,150 | €26,800 | -€19,350 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,150 | €26,800 | -€19,350 | -41.9% |
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 23 October 2026 via checked.be.