MBONFOND: 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.
MBONFOND
Largest movements
- Cash +€17,375
up €17,375 (+43.6%), from €39,832 to €57,207
mainly Net result for the year (+€20,091) and Receivables within one year (+€838)
- Receivables within one year -€838
no longer reported in 2025 (was €838)
- Profit (loss) carried forward +€20,091
up €20,091 (+78.5%), from €25,581 to €45,672
- Other debts -€2,241
down €2,241 (-70.2%), from €3,189 to €949
- Tax, wage and social debts -€2,098
down €2,098 (-26.0%), from €8,076 to €5,978
- Gross operating margin -€8,506
down €8,506 (-23.8%), from €35,792 to €27,286
- Taxes -€2,098
down €2,098 (-26.0%), from €8,076 to €5,978
- Financial charges -€499
down €499 (-35.2%), from €1,419 to €920
- Other operating charges -€418
down €418 (-99.3%), from €421 to €3
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 | €41,847 | €58,090 | +€16,242 | +38.8% |
| Formation expenses | 20 | €1,177 | €883 | -€294 | -25.0% |
| Current assets | 29/58 | €40,670 | €57,207 | +€16,537 | +40.7% |
| Amounts receivable within one year | 40/41 | €838 | - | -€838 | |
| Trade receivables | 40 | €838 | - | -€838 | |
| Cash at bank and in hand | 54/58 | €39,832 | €57,207 | +€17,375 | +43.6% |
| Total equity and liabilities | 10/49 | €41,847 | €58,090 | +€16,242 | +38.8% |
| Equity | 10/15 | €30,581 | €50,672 | +€20,091 | +65.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,581 | €45,672 | +€20,091 | +78.5% |
| Amounts payable | 17/49 | €11,266 | €7,417 | -€3,848 | -34.2% |
| Amounts payable within one year | 42/48 | €11,266 | €7,417 | -€3,848 | -34.2% |
| Trade debts | 44 | - | €490 | +€490 | |
| Suppliers | 440/4 | - | €490 | +€490 | |
| Taxes, remuneration and social security | 45 | €8,076 | €5,978 | -€2,098 | -26.0% |
| Taxes | 450/3 | €8,076 | €5,978 | -€2,098 | -26.0% |
| Other amounts payable | 47/48 | €3,189 | €949 | -€2,241 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €294 | = | 0.0% |
| Other operating charges | 640/8 | €421 | €3 | -€418 | -99.3% |
| Gross operating margin | 9900 | €35,792 | €27,286 | -€8,506 | -23.8% |
| Operating profit (loss) | 9901 | €35,077 | €26,989 | -€8,088 | -23.1% |
| Financial charges | 65/66B | €1,419 | €920 | -€499 | -35.2% |
| Recurring financial charges | 65 | €1,419 | €920 | -€499 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €33,658 | €26,069 | -€7,589 | -22.5% |
| Income taxes | 67/77 | €8,076 | €5,978 | -€2,098 | -26.0% |
| Profit (loss) for the period | 9904 | €25,581 | €20,091 | -€5,490 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,581 | €20,091 | -€5,490 | -21.5% |
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 11 October 2026 via checked.be.