MBNC: 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.
MBNC
Largest movements
- Receivables after one year -€58,750
down €58,750 (-22.4%), from €262,500 to €203,750
- Cash +€35,976
up €35,976 (+40.4%), from €89,007 to €124,983
mainly Other debts (+€59,925) and Receivables after one year (+€58,750)
- Tangible fixed assets -€25,454
down €25,454 (-3.6%), from €710,946 to €685,491
of which Land and buildings: -€24,532
- Reserves -€72,326
down €72,326 (-85.5%), from €84,558 to €12,233
- Other debts +€59,925
up €59,925 (+46725.5%), from €128 to €60,054
- Debts after one year -€33,948
down €33,948 (-6.9%), from €489,178 to €455,229
- Gross operating margin -€4,210
down €4,210 (-4.0%), from €105,382 to €101,173
- Taxes -€3,526
down €3,526 (-29.2%), from €12,079 to €8,553
- Depreciation +€2,546
up €2,546 (+11.1%), from €22,909 to €25,454
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 | €1,062,527 | €1,016,068 | -€46,459 | -4.4% |
| Fixed assets | 21/28 | €710,946 | €685,491 | -€25,454 | -3.6% |
| Tangible fixed assets | 22/27 | €710,946 | €685,491 | -€25,454 | -3.6% |
| Land and buildings | 22 | €703,199 | €678,667 | -€24,532 | -3.5% |
| Plant, machinery and equipment | 23 | €7,746 | €6,824 | -€922 | -11.9% |
| Current assets | 29/58 | €351,581 | €330,576 | -€21,005 | -6.0% |
| Amounts receivable after more than one year | 29 | €262,500 | €203,750 | -€58,750 | -22.4% |
| Other amounts receivable | 291 | €262,500 | €203,750 | -€58,750 | -22.4% |
| Amounts receivable within one year | 40/41 | €74 | €0 | -€74 | -100.0% |
| Other amounts receivable | 41 | €74 | €0 | -€74 | -100.0% |
| Cash at bank and in hand | 54/58 | €89,007 | €124,983 | +€35,976 | +40.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,843 | +€1,843 | |
| Total equity and liabilities | 10/49 | €1,062,527 | €1,016,068 | -€46,459 | -4.4% |
| Equity | 10/15 | €494,992 | €422,666 | -€72,326 | -14.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €360,434 | €360,434 | = | 0.0% |
| Reserves | 13 | €84,558 | €12,233 | -€72,326 | -85.5% |
| Distributable reserves | 133 | €84,558 | €12,233 | -€72,326 | -85.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €35,000 | €35,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €35,000 | = | 0.0% |
| Major repairs and maintenance | 162 | - | €35,000 | +€35,000 | |
| Other liabilities and charges | 164/5 | €35,000 | - | -€35,000 | |
| Amounts payable | 17/49 | €532,535 | €558,401 | +€25,866 | +4.9% |
| Amounts payable after more than one year | 17 | €489,178 | €455,229 | -€33,948 | -6.9% |
| Financial debts | 170/4 | €489,178 | €455,229 | -€33,948 | -6.9% |
| Amounts payable within one year | 42/48 | €43,357 | €103,172 | +€59,814 | +138.0% |
| Current portion of amounts payable after more than one year | 42 | €39,567 | €36,992 | -€2,575 | -6.5% |
| Trade debts | 44 | €2,950 | €6,126 | +€3,176 | +107.7% |
| Suppliers | 440/4 | €2,950 | €6,126 | +€3,176 | +107.7% |
| Taxes, remuneration and social security | 45 | €712 | €0 | -€712 | -100.0% |
| Taxes | 450/3 | €712 | €0 | -€712 | -100.0% |
| Other amounts payable | 47/48 | €128 | €60,054 | +€59,925 | +46725.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,909 | €25,454 | +€2,546 | +11.1% |
| Other operating charges | 640/8 | €18,822 | €19,411 | +€589 | +3.1% |
| Gross operating margin | 9900 | €105,382 | €101,173 | -€4,210 | -4.0% |
| Operating profit (loss) | 9901 | €63,652 | €56,307 | -€7,345 | -11.5% |
| Financial income | 75/76B | €8,319 | €7,724 | -€595 | -7.2% |
| Recurring financial income | 75 | €8,319 | €7,724 | -€595 | -7.2% |
| Financial charges | 65/66B | €28,722 | €27,804 | -€918 | -3.2% |
| Recurring financial charges | 65 | €28,722 | €27,804 | -€918 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €43,249 | €36,228 | -€7,022 | -16.2% |
| Income taxes | 67/77 | €12,079 | €8,553 | -€3,526 | -29.2% |
| Profit (loss) for the period | 9904 | €31,170 | €27,674 | -€3,496 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,170 | €27,674 | -€3,496 | -11.2% |
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 9 October 2026 via checked.be.