MBR: 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.
MBR
Largest movements
- Current investments +€7,500
new in 2025: €7,500
- Cash -€6,182
down €6,182 (-84.2%), from €7,346 to €1,163
mainly Current investments (-€7,500) and Debts after one year (-€2,998)
- Tangible fixed assets -€5,224
down €5,224 (-56.5%), from €9,247 to €4,023
of which Furniture and vehicles: -€4,810
- Debts after one year -€2,998
down €2,998 (-32.5%), from €9,232 to €6,234
- Profit (loss) carried forward -€1,503
down €1,503 (-43.5%), from -€3,452 to -€4,955
- Tax, wage and social debts +€1,278
up €1,278 (+18.0%), from €7,110 to €8,388
of which Remuneration and social security: +€1,600
- Short-term financial debts -€948
down €948 (-97.9%), from €968 to €20
- Gross operating margin +€2,853
up €2,853 (+70.9%), from €4,026 to €6,879
- Other operating charges +€848
up €848 (+341.8%), from €248 to €1,096
- Depreciation +€341
up €341 (+7.0%), from €4,883 to €5,224
- Financial income +€340
up €340 (+396.2%), from €86 to €425
- Taxes +€176
up €176 (+9.7%), from €1,817 to €1,993
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 | €26,426 | €22,560 | -€3,866 | -14.6% |
| Fixed assets | 21/28 | €9,247 | €4,023 | -€5,224 | -56.5% |
| Tangible fixed assets | 22/27 | €9,247 | €4,023 | -€5,224 | -56.5% |
| Plant, machinery and equipment | 23 | €1,169 | €755 | -€414 | -35.4% |
| Furniture and vehicles | 24 | €8,078 | €3,268 | -€4,810 | -59.5% |
| Current assets | 29/58 | €17,179 | €18,537 | +€1,358 | +7.9% |
| Amounts receivable within one year | 40/41 | €9,833 | €9,874 | +€41 | +0.4% |
| Trade receivables | 40 | €1,857 | €1,911 | +€54 | +2.9% |
| Other amounts receivable | 41 | €7,976 | €7,963 | -€14 | -0.2% |
| Current investments | 50/53 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €7,346 | €1,163 | -€6,182 | -84.2% |
| Total equity and liabilities | 10/49 | €26,426 | €22,560 | -€3,866 | -14.6% |
| Equity | 10/15 | €5,887 | €4,385 | -€1,503 | -25.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,839 | €6,839 | = | 0.0% |
| Distributable reserves | 133 | €6,839 | €6,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,452 | -€4,955 | -€1,503 | -43.5% |
| Amounts payable | 17/49 | €20,538 | €18,176 | -€2,363 | -11.5% |
| Amounts payable after more than one year | 17 | €9,232 | €6,234 | -€2,998 | -32.5% |
| Financial debts | 170/4 | €9,232 | €6,234 | -€2,998 | -32.5% |
| Amounts payable within one year | 42/48 | €11,200 | €11,861 | +€661 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €2,921 | €2,998 | +€77 | +2.6% |
| Financial debts | 43 | €968 | €20 | -€948 | -97.9% |
| Credit institutions | 430/8 | €968 | €20 | -€948 | -97.9% |
| Trade debts | 44 | €201 | €455 | +€254 | +126.6% |
| Suppliers | 440/4 | €201 | €455 | +€254 | +126.6% |
| Taxes, remuneration and social security | 45 | €7,110 | €8,388 | +€1,278 | +18.0% |
| Taxes | 450/3 | €7,110 | €6,788 | -€322 | -4.5% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Accrued charges and deferred income | 492/3 | €106 | €81 | -€26 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,883 | €5,224 | +€341 | +7.0% |
| Other operating charges | 640/8 | €248 | €1,096 | +€848 | +341.8% |
| Gross operating margin | 9900 | €4,026 | €6,879 | +€2,853 | +70.9% |
| Operating profit (loss) | 9901 | -€1,106 | €559 | +€1,665 | |
| Financial income | 75/76B | €86 | €425 | +€340 | +396.2% |
| Recurring financial income | 75 | €86 | €425 | +€340 | +396.2% |
| Financial charges | 65/66B | €615 | €494 | -€121 | -19.7% |
| Recurring financial charges | 65 | €615 | €494 | -€121 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,635 | €490 | +€2,125 | |
| Income taxes | 67/77 | €1,817 | €1,993 | +€176 | +9.7% |
| Profit (loss) for the period | 9904 | -€3,452 | -€1,503 | +€1,949 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,452 | -€1,503 | +€1,949 | +56.5% |
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 12 October 2026 via checked.be.