MBP RENOV: 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.
MBP RENOV
Largest movements
- Cash +€63,669
up €63,669 (+691%), from €9,215 to €72,883
mainly Trade debts (+€40,094) and Other debts (+€12,260)
- Receivables within one year +€8,863
up €8,863 (+106%), from €8,397 to €17,261
of which Trade receivables: +€10,773
- Tangible fixed assets -€8,852
down €8,852 (-31.5%), from €28,129 to €19,277
- Deferred charges and accrued income -€1,518
no longer reported in 2025 (was €1,518)
- Trade debts +€40,094
up €40,094 (+219%), from €18,339 to €58,433
- Other debts +€12,260
new in 2025: €12,260
- Tax, wage and social debts +€9,580
up €9,580 (+468%), from €2,048 to €11,628
of which Taxes: +€6,180
- Gross operating margin +€8,313
up €8,313 (+82.3%), from €10,099 to €18,412
- Depreciation +€5,410
up €5,410 (+157%), from €3,442 to €8,852
- Staff costs +€5,027
new in 2025: €5,027
- Taxes +€711
up €711 (+34.7%), from €2,048 to €2,759
- Other operating charges +€391
up €391 (+42.6%), from €919 to €1,310
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 | €47,515 | €109,677 | +€62,162 | +131% |
| Fixed assets | 21/28 | €28,386 | €19,533 | -€8,852 | -31.2% |
| Tangible fixed assets | 22/27 | €28,129 | €19,277 | -€8,852 | -31.5% |
| Furniture and vehicles | 24 | €28,129 | €19,277 | -€8,852 | -31.5% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €19,129 | €90,144 | +€71,014 | +371% |
| Amounts receivable within one year | 40/41 | €8,397 | €17,261 | +€8,863 | +106% |
| Trade receivables | 40 | €2,477 | €13,250 | +€10,773 | +435% |
| Other amounts receivable | 41 | €5,921 | €4,011 | -€1,910 | -32.3% |
| Cash at bank and in hand | 54/58 | €9,215 | €72,883 | +€63,669 | +691% |
| Deferred charges and accrued income | 490/1 | €1,518 | - | -€1,518 | |
| Total equity and liabilities | 10/49 | €47,515 | €109,677 | +€62,162 | +131% |
| Equity | 10/15 | €27,128 | €27,356 | +€228 | +0.8% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €12,434 | €12,660 | +€226 | +1.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €10,579 | €10,805 | +€226 | +2.1% |
| Profit (loss) carried forward | 14 | €7,493 | €7,496 | +€3 | 0.0% |
| Amounts payable | 17/49 | €20,387 | €82,321 | +€61,934 | +304% |
| Amounts payable within one year | 42/48 | €20,387 | €82,321 | +€61,934 | +304% |
| Trade debts | 44 | €18,339 | €58,433 | +€40,094 | +219% |
| Suppliers | 440/4 | €18,339 | €58,433 | +€40,094 | +219% |
| Taxes, remuneration and social security | 45 | €2,048 | €11,628 | +€9,580 | +468% |
| Taxes | 450/3 | €2,048 | €8,228 | +€6,180 | +302% |
| Remuneration and social security | 454/9 | - | €3,400 | +€3,400 | |
| Other amounts payable | 47/48 | - | €12,260 | +€12,260 | |
| Remuneration, social security and pensions | 62 | - | €5,027 | +€5,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,442 | €8,852 | +€5,410 | +157% |
| Other operating charges | 640/8 | €919 | €1,310 | +€391 | +42.6% |
| Gross operating margin | 9900 | €10,099 | €18,412 | +€8,313 | +82.3% |
| Operating profit (loss) | 9901 | €5,738 | €3,223 | -€2,515 | -43.8% |
| Financial income | 75/76B | €0 | €20 | +€20 | +6,191% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +6,191% |
| Financial charges | 65/66B | €176 | €256 | +€79 | +45.1% |
| Recurring financial charges | 65 | €176 | €256 | +€79 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €5,562 | €2,987 | -€2,575 | -46.3% |
| Income taxes | 67/77 | €2,048 | €2,759 | +€711 | +34.7% |
| Profit (loss) for the period | 9904 | €3,514 | €228 | -€3,285 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,514 | €228 | -€3,285 | -93.5% |
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 31 October 2026 via checked.be.