MBOA 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.
MBOA GROUP
Largest movements
- Receivables within one year +€14,725
up €14,725 (+471%), from €3,127 to €17,852
of which Trade receivables: +€17,242
- Tangible fixed assets -€4,118
down €4,118 (-40.9%), from €10,071 to €5,953
- Profit (loss) carried forward +€11,566
up €11,566, from -€9,732 to €1,834
- Other debts -€525
down €525 (-2.3%), from €22,486 to €21,961
- Trade debts -€365
no longer reported in 2025 (was €365)
- Gross operating margin +€21,363
up €21,363, from -€4,679 to €16,684
- Depreciation +€1,572
up €1,572 (+61.7%), from €2,546 to €4,118
- Other operating charges +€453
up €453 (+115%), from €393 to €846
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 | €15,119 | €25,817 | +€10,698 | +70.8% |
| Fixed assets | 21/28 | €10,071 | €5,953 | -€4,118 | -40.9% |
| Tangible fixed assets | 22/27 | €10,071 | €5,953 | -€4,118 | -40.9% |
| Furniture and vehicles | 24 | €10,071 | €5,953 | -€4,118 | -40.9% |
| Current assets | 29/58 | €5,048 | €19,864 | +€14,816 | +294% |
| Amounts receivable within one year | 40/41 | €3,127 | €17,852 | +€14,725 | +471% |
| Trade receivables | 40 | €606 | €17,848 | +€17,242 | +2,846% |
| Other amounts receivable | 41 | €2,521 | €4 | -€2,517 | -99.8% |
| Cash at bank and in hand | 54/58 | €1,921 | €2,012 | +€91 | +4.7% |
| Total equity and liabilities | 10/49 | €15,119 | €25,817 | +€10,698 | +70.8% |
| Equity | 10/15 | -€7,732 | €3,834 | +€11,566 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,732 | €1,834 | +€11,566 | |
| Amounts payable | 17/49 | €22,851 | €21,983 | -€868 | -3.8% |
| Amounts payable within one year | 42/48 | €22,851 | €21,983 | -€868 | -3.8% |
| Trade debts | 44 | €365 | - | -€365 | |
| Suppliers | 440/4 | €365 | - | -€365 | |
| Taxes, remuneration and social security | 45 | - | €22 | +€22 | |
| Taxes | 450/3 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €22,486 | €21,961 | -€525 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,546 | €4,118 | +€1,572 | +61.7% |
| Other operating charges | 640/8 | €393 | €846 | +€453 | +115% |
| Gross operating margin | 9900 | -€4,679 | €16,684 | +€21,363 | |
| Operating profit (loss) | 9901 | -€7,618 | €11,720 | +€19,338 | |
| Financial charges | 65/66B | €141 | €154 | +€13 | +9.4% |
| Recurring financial charges | 65 | €141 | €154 | +€13 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,759 | €11,566 | +€19,325 | |
| Profit (loss) for the period | 9904 | -€7,759 | €11,566 | +€19,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,759 | €11,566 | +€19,325 |
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 14 October 2026 via checked.be.