MBO GROUP: 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 GROUP
Largest movements
- Receivables within one year -€71,329
down €71,329 (-60.6%), from €117,696 to €46,367
of which Trade receivables: -€71,125
- Tangible fixed assets +€10,718
up €10,718 (+46.4%), from €23,081 to €33,799
of which Furniture and vehicles: +€15,918
- Cash +€7,427
up €7,427 (+2,089%), from €355 to €7,782
mainly Receivables within one year (+€71,329) and Depreciation (+€13,602)
- Stocks and contracts -€6,293
down €6,293 (-78.0%), from €8,063 to €1,770
- Profit (loss) carried forward -€39,722
down €39,722, from €16,582 to -€23,140
- Trade debts -€36,680
down €36,680 (-29.8%), from €123,285 to €86,605
- Other debts +€12,589
up €12,589 (+914%), from €1,378 to €13,967
- Accrued charges and deferred income +€4,505
new in 2024: €4,505
- Gross operating margin -€26,455
down €26,455, from €6,957 to -€19,498
- Depreciation +€6,427
up €6,427 (+89.6%), from €7,175 to €13,602
- Other operating charges +€5,027
up €5,027 (+494%), from €1,018 to €6,045
- Staff costs -€3,419
no longer reported in 2024 (was €3,419)
- Financial charges +€339
up €339 (+142%), from €239 to €578
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,082 | €103,501 | -€59,581 | -36.5% |
| Fixed assets | 21/28 | €36,807 | €47,525 | +€10,718 | +29.1% |
| Tangible fixed assets | 22/27 | €23,081 | €33,799 | +€10,718 | +46.4% |
| Land and buildings | 22 | €1,514 | €4,632 | +€3,118 | +206% |
| Plant, machinery and equipment | 23 | €14,579 | €7,100 | -€7,479 | -51.3% |
| Furniture and vehicles | 24 | €1,224 | €17,142 | +€15,918 | +1,300% |
| Other tangible fixed assets | 26 | €5,764 | €4,926 | -€838 | -14.5% |
| Financial fixed assets | 28 | €13,726 | €13,726 | = | 0.0% |
| Current assets | 29/58 | €126,275 | €55,976 | -€70,299 | -55.7% |
| Stocks and contracts in progress | 3 | €8,063 | €1,770 | -€6,293 | -78.0% |
| Stocks | 30/36 | €8,063 | €1,770 | -€6,293 | -78.0% |
| Amounts receivable within one year | 40/41 | €117,696 | €46,367 | -€71,329 | -60.6% |
| Trade receivables | 40 | €110,438 | €39,313 | -€71,125 | -64.4% |
| Other amounts receivable | 41 | €7,258 | €7,054 | -€204 | -2.8% |
| Cash at bank and in hand | 54/58 | €355 | €7,782 | +€7,427 | +2,089% |
| Deferred charges and accrued income | 490/1 | €161 | €57 | -€104 | -64.8% |
| Total equity and liabilities | 10/49 | €163,082 | €103,501 | -€59,581 | -36.5% |
| Equity | 10/15 | €33,082 | -€6,640 | -€39,722 | |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,582 | -€23,140 | -€39,722 | |
| Amounts payable | 17/49 | €130,000 | €110,141 | -€19,859 | -15.3% |
| Amounts payable within one year | 42/48 | €130,000 | €105,636 | -€24,364 | -18.7% |
| Trade debts | 44 | €123,285 | €86,605 | -€36,680 | -29.8% |
| Suppliers | 440/4 | €123,285 | €86,605 | -€36,680 | -29.8% |
| Taxes, remuneration and social security | 45 | €5,337 | €5,064 | -€274 | -5.1% |
| Taxes | 450/3 | €5,337 | €3,269 | -€2,068 | -38.7% |
| Remuneration and social security | 454/9 | €0 | €1,794 | +€1,794 | +2,242,750% |
| Other amounts payable | 47/48 | €1,378 | €13,967 | +€12,589 | +914% |
| Accrued charges and deferred income | 492/3 | - | €4,505 | +€4,505 | |
| Non-recurring operating income | 76A | - | €8,185 | +€8,185 | |
| Remuneration, social security and pensions | 62 | €3,419 | - | -€3,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,175 | €13,602 | +€6,427 | +89.6% |
| Other operating charges | 640/8 | €1,018 | €6,045 | +€5,027 | +494% |
| Gross operating margin | 9900 | €6,957 | -€19,498 | -€26,455 | |
| Operating profit (loss) | 9901 | -€4,655 | -€39,145 | -€34,490 | -741% |
| Financial income | 75/76B | €3 | €0 | -€3 | -95.3% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -95.3% |
| Financial charges | 65/66B | €239 | €578 | +€339 | +142% |
| Recurring financial charges | 65 | €239 | €578 | +€339 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€4,891 | -€39,722 | -€34,832 | -712% |
| Profit (loss) for the period | 9904 | -€4,891 | -€39,722 | -€34,832 | -712% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,891 | -€39,722 | -€34,832 | -712% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.