MBN Logistics: 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 Logistics
Largest movements
- Receivables within one year +€9,663
up €9,663 (+21.2%), from €45,611 to €55,274
of which Trade receivables: +€9,663
- Cash -€1,725
down €1,725 (-24.3%), from €7,093 to €5,367
mainly Trade debts (-€27,347) and Net result for the year (-€13,765)
- Other debts +€46,242
up €46,242 (+108%), from €42,934 to €89,175
- Trade debts -€27,347
down €27,347 (-24.1%), from €113,462 to €86,115
- Profit (loss) carried forward -€13,765
down €13,765 (-15.5%), from -€88,623 to -€102,389
- Short-term financial debts +€1,420
new in 2025: €1,420
- Tax, wage and social debts +€1,388
new in 2025: €1,388
- Gross operating margin +€6,043
up €6,043 (+31.1%), from -€19,439 to -€13,396
- Depreciation -€2,284
no longer reported in 2025 (was €2,284)
- Other operating charges -€762
down €762 (-84.5%), from €902 to €140
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 | €69,773 | €77,710 | +€7,937 | +11.4% |
| Fixed assets | 21/28 | €17,069 | €17,069 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,884 | €16,884 | = | 0.0% |
| Furniture and vehicles | 24 | €16,884 | €16,884 | = | 0.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €52,704 | €60,641 | +€7,937 | +15.1% |
| Amounts receivable within one year | 40/41 | €45,611 | €55,274 | +€9,663 | +21.2% |
| Trade receivables | 40 | €44,059 | €53,722 | +€9,663 | +21.9% |
| Other amounts receivable | 41 | €1,552 | €1,552 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,093 | €5,367 | -€1,725 | -24.3% |
| Total equity and liabilities | 10/49 | €69,773 | €77,710 | +€7,937 | +11.4% |
| Equity | 10/15 | -€86,623 | -€100,389 | -€13,765 | -15.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,623 | -€102,389 | -€13,765 | -15.5% |
| Amounts payable | 17/49 | €156,396 | €178,099 | +€21,703 | +13.9% |
| Amounts payable within one year | 42/48 | €156,396 | €178,099 | +€21,703 | +13.9% |
| Financial debts | 43 | - | €1,420 | +€1,420 | |
| Credit institutions | 430/8 | - | €1,420 | +€1,420 | |
| Trade debts | 44 | €113,462 | €86,115 | -€27,347 | -24.1% |
| Suppliers | 440/4 | €113,462 | €86,115 | -€27,347 | -24.1% |
| Taxes, remuneration and social security | 45 | - | €1,388 | +€1,388 | |
| Taxes | 450/3 | - | €1,388 | +€1,388 | |
| Other amounts payable | 47/48 | €42,934 | €89,175 | +€46,242 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | - | -€2,284 | |
| Other operating charges | 640/8 | €902 | €140 | -€762 | -84.5% |
| Gross operating margin | 9900 | -€19,439 | -€13,396 | +€6,043 | +31.1% |
| Operating profit (loss) | 9901 | -€22,625 | -€13,536 | +€9,089 | +40.2% |
| Financial charges | 65/66B | €151 | €229 | +€78 | +51.3% |
| Recurring financial charges | 65 | €151 | €229 | +€78 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,776 | -€13,765 | +€9,011 | +39.6% |
| Profit (loss) for the period | 9904 | -€22,776 | -€13,765 | +€9,011 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,776 | -€13,765 | +€9,011 | +39.6% |
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.