MBR & Co: what changed
Two fiscal 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 & Co
Largest movements
- Receivables within one year -€3,000
no longer reported in 2025 (was €3,000)
- Deferred charges and accrued income -€2,342
no longer reported in 2025 (was €2,342)
- Intangible fixed assets -€2,000
down €2,000 (-11.1%), from €18,000 to €16,000
- Cash -€573
no longer reported in 2025 (was €573)
mainly Net result for the year (-€13,293) and Advances received (-€6,534)
- Other debts +€14,326
up €14,326 (+68.9%), from €20,807 to €35,134
- Profit (loss) carried forward -€13,293
down €13,293 (-174.4%), from -€7,624 to -€20,917
- Advances received -€6,534
no longer reported in 2025 (was €6,534)
- Trade debts -€1,375
down €1,375 (-55.5%), from €2,479 to €1,104
- Accrued charges and deferred income -€630
no longer reported in 2025 (was €630)
- Gross operating margin -€5,684
down €5,684 (-101.4%), from -€5,608 to -€11,292
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 | €25,115 | €17,200 | -€7,915 | -31.5% |
| Fixed assets | 21/28 | €19,200 | €17,200 | -€2,000 | -10.4% |
| Intangible fixed assets | 21 | €18,000 | €16,000 | -€2,000 | -11.1% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €5,915 | - | -€5,915 | |
| Amounts receivable within one year | 40/41 | €3,000 | - | -€3,000 | |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €573 | - | -€573 | |
| Deferred charges and accrued income | 490/1 | €2,342 | - | -€2,342 | |
| Total equity and liabilities | 10/49 | €25,115 | €17,200 | -€7,915 | -31.5% |
| Equity | 10/15 | -€6,374 | -€19,667 | -€13,293 | -208.6% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,624 | -€20,917 | -€13,293 | -174.4% |
| Amounts payable | 17/49 | €31,489 | €36,867 | +€5,378 | +17.1% |
| Amounts payable within one year | 42/48 | €30,859 | €36,867 | +€6,008 | +19.5% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €2,479 | €1,104 | -€1,375 | -55.5% |
| Suppliers | 440/4 | €2,479 | €1,104 | -€1,375 | -55.5% |
| Advances received on contracts in progress | 46 | €6,534 | - | -€6,534 | |
| Taxes, remuneration and social security | 45 | €1,038 | €629 | -€410 | -39.5% |
| Taxes | 450/3 | €1,038 | €629 | -€410 | -39.5% |
| Other amounts payable | 47/48 | €20,807 | €35,134 | +€14,326 | +68.9% |
| Accrued charges and deferred income | 492/3 | €630 | - | -€630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Gross operating margin | 9900 | -€5,608 | -€11,292 | -€5,684 | -101.4% |
| Operating profit (loss) | 9901 | -€7,608 | -€13,292 | -€5,684 | -74.7% |
| Financial charges | 65/66B | €16 | €1 | -€15 | -93.8% |
| Recurring financial charges | 65 | €16 | €1 | -€15 | -93.8% |
| Non-recurring financial charges | 66B | €16 | €1 | -€15 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,624 | -€13,293 | -€5,669 | -74.4% |
| Profit (loss) for the period | 9904 | -€7,624 | -€13,293 | -€5,669 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,624 | -€13,293 | -€5,669 | -74.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.