MBO-Infra: 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-Infra
Largest movements
- Receivables within one year +€31,455
up €31,455 (+189%), from €16,642 to €48,097
of which Trade receivables: +€27,696
- Cash +€20,239
up €20,239 (+143%), from €14,181 to €34,420
mainly Net result for the year (+€39,537) and Tax, wage and social debts (+€35,572)
- Tangible fixed assets +€12,136
up €12,136 (+903%), from €1,343 to €13,480
of which Furniture and vehicles: +€11,234
- Reserves +€39,537
up €39,537 (+372%), from €10,615 to €50,152
- Tax, wage and social debts +€35,572
up €35,572 (+432%), from €8,225 to €43,797
of which Remuneration and social security: +€25,577
- Other debts -€11,799
no longer reported in 2025 (was €11,799)
- Gross operating margin +€194,676
up €194,676 (+927%), from €21,000 to €215,676
- Staff costs +€154,184
up €154,184 (+2,656%), from €5,804 to €159,988
- Taxes +€8,642
up €8,642 (+234%), from €3,689 to €12,331
- Other operating charges +€2,190
up €2,190 (+380%), from €576 to €2,766
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 | €33,376 | €97,053 | +€63,677 | +191% |
| Fixed assets | 21/28 | €1,343 | €13,480 | +€12,136 | +903% |
| Tangible fixed assets | 22/27 | €1,343 | €13,480 | +€12,136 | +903% |
| Plant, machinery and equipment | 23 | €1,343 | €2,246 | +€902 | +67.2% |
| Furniture and vehicles | 24 | - | €11,234 | +€11,234 | |
| Current assets | 29/58 | €32,033 | €83,573 | +€51,541 | +161% |
| Amounts receivable within one year | 40/41 | €16,642 | €48,097 | +€31,455 | +189% |
| Trade receivables | 40 | €16,193 | €43,888 | +€27,696 | +171% |
| Other amounts receivable | 41 | €449 | €4,209 | +€3,760 | +837% |
| Cash at bank and in hand | 54/58 | €14,181 | €34,420 | +€20,239 | +143% |
| Deferred charges and accrued income | 490/1 | €1,210 | €1,057 | -€153 | -12.7% |
| Total equity and liabilities | 10/49 | €33,376 | €97,053 | +€63,677 | +191% |
| Equity | 10/15 | €12,615 | €52,152 | +€39,537 | +313% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,615 | €50,152 | +€39,537 | +372% |
| Distributable reserves | 133 | €10,615 | €50,152 | +€39,537 | +372% |
| Amounts payable | 17/49 | €20,761 | €44,901 | +€24,140 | +116% |
| Amounts payable within one year | 42/48 | €20,761 | €44,901 | +€24,140 | +116% |
| Trade debts | 44 | €737 | €1,104 | +€367 | +49.8% |
| Suppliers | 440/4 | €737 | €1,104 | +€367 | +49.8% |
| Taxes, remuneration and social security | 45 | €8,225 | €43,797 | +€35,572 | +432% |
| Taxes | 450/3 | €4,014 | €14,009 | +€9,995 | +249% |
| Remuneration and social security | 454/9 | €4,211 | €29,788 | +€25,577 | +607% |
| Other amounts payable | 47/48 | €11,799 | - | -€11,799 | |
| Remuneration, social security and pensions | 62 | €5,804 | €159,988 | +€154,184 | +2,656% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €950 | +€629 | +196% |
| Other operating charges | 640/8 | €576 | €2,766 | +€2,190 | +380% |
| Gross operating margin | 9900 | €21,000 | €215,676 | +€194,676 | +927% |
| Operating profit (loss) | 9901 | €14,299 | €51,971 | +€37,672 | +263% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €23 | €103 | +€80 | +349% |
| Recurring financial charges | 65 | €23 | €103 | +€80 | +349% |
| Profit (loss) for the period before taxes | 9903 | €14,304 | €51,868 | +€37,564 | +263% |
| Income taxes | 67/77 | €3,689 | €12,331 | +€8,642 | +234% |
| Profit (loss) for the period | 9904 | €10,615 | €39,537 | +€28,922 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €10,615 | €39,537 | +€28,922 | +272% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.