MBO CONSULT: 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.
MBO CONSULT
Largest movements
- Tangible fixed assets -€11,431
down €11,431 (-23.7%), from €48,247 to €36,816
of which Land and buildings: -€12,059
- Other debts +€151,624
up €151,624 (+2788.8%), from €5,437 to €157,061
- Reserves -€150,000
down €150,000 (-31.6%), from €474,950 to €324,950
of which Distributable reserves: -€150,000
- Trade debts -€31,402
down €31,402 (-30.9%), from €101,678 to €70,276
- Profit (loss) carried forward +€8,014
up €8,014 (+67.2%), from €11,918 to €19,933
- Gross operating margin -€38,215
down €38,215 (-49.4%), from €77,283 to €39,068
- Provisions -€14,000
no longer reported in 2025 (was €14,000)
- Depreciation -€8,043
down €8,043 (-28.3%), from €28,412 to €20,369
- Taxes -€2,969
down €2,969 (-35.0%), from €8,490 to €5,521
- Other operating charges +€1,368
up €1,368 (+24.9%), from €5,504 to €6,873
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 | €636,322 | €616,176 | -€20,145 | -3.2% |
| Fixed assets | 21/28 | €62,699 | €45,537 | -€17,161 | -27.4% |
| Intangible fixed assets | 21 | €14,451 | €8,721 | -€5,730 | -39.7% |
| Tangible fixed assets | 22/27 | €48,247 | €36,816 | -€11,431 | -23.7% |
| Land and buildings | 22 | €41,743 | €29,684 | -€12,059 | -28.9% |
| Furniture and vehicles | 24 | €6,504 | €7,133 | +€628 | +9.7% |
| Current assets | 29/58 | €573,623 | €570,639 | -€2,984 | -0.5% |
| Amounts receivable within one year | 40/41 | €82,315 | €77,093 | -€5,221 | -6.3% |
| Trade receivables | 40 | €73,133 | €71,350 | -€1,783 | -2.4% |
| Other amounts receivable | 41 | €9,182 | €5,743 | -€3,439 | -37.5% |
| Cash at bank and in hand | 54/58 | €491,309 | €493,546 | +€2,237 | +0.5% |
| Total equity and liabilities | 10/49 | €636,322 | €616,176 | -€20,145 | -3.2% |
| Equity | 10/15 | €506,868 | €364,883 | -€141,986 | -28.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €474,950 | €324,950 | -€150,000 | -31.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €300,000 | -€150,000 | -33.3% |
| Profit (loss) carried forward | 14 | €11,918 | €19,933 | +€8,014 | +67.2% |
| Provisions and deferred taxes | 16 | €14,000 | €14,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €14,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable | 17/49 | €115,453 | €237,294 | +€121,840 | +105.5% |
| Amounts payable within one year | 42/48 | €115,453 | €237,294 | +€121,840 | +105.5% |
| Trade debts | 44 | €101,678 | €70,276 | -€31,402 | -30.9% |
| Suppliers | 440/4 | €101,678 | €70,276 | -€31,402 | -30.9% |
| Taxes, remuneration and social security | 45 | €8,338 | €9,957 | +€1,618 | +19.4% |
| Taxes | 450/3 | €8,338 | €8,757 | +€418 | +5.0% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €5,437 | €157,061 | +€151,624 | +2788.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,412 | €20,369 | -€8,043 | -28.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,000 | - | -€14,000 | |
| Other operating charges | 640/8 | €5,504 | €6,873 | +€1,368 | +24.9% |
| Gross operating margin | 9900 | €77,283 | €39,068 | -€38,215 | -49.4% |
| Operating profit (loss) | 9901 | €29,367 | €11,826 | -€17,540 | -59.7% |
| Financial income | 75/76B | €2,415 | €2,010 | -€405 | -16.8% |
| Recurring financial income | 75 | €2,415 | €2,010 | -€405 | -16.8% |
| Financial charges | 65/66B | €939 | €300 | -€639 | -68.0% |
| Recurring financial charges | 65 | €939 | €300 | -€639 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €30,842 | €13,536 | -€17,307 | -56.1% |
| Income taxes | 67/77 | €8,490 | €5,521 | -€2,969 | -35.0% |
| Profit (loss) for the period | 9904 | €22,352 | €8,014 | -€14,338 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,352 | €8,014 | -€14,338 | -64.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.