MBR Services: 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 Services
Largest movements
- Tangible fixed assets +€227,601
up €227,601 (+310.8%), from €73,233 to €300,833
of which Land and buildings: +€278,499
- Receivables within one year -€44,081
down €44,081 (-85.9%), from €51,298 to €7,218
of which Trade receivables: -€39,856
- Cash -€35,422
no longer reported in 2025 (was €35,422)
mainly Investment in fixed assets (net) (-€238,833) and Net result for the year (-€46,102)
- Debts after one year +€188,312
up €188,312 (+230.4%), from €81,744 to €270,057
- Profit (loss) carried forward -€46,102
down €46,102, from €35,789 to -€10,313
- Gross operating margin -€97,719
down €97,719 (-86.0%), from €113,666 to €15,947
- Depreciation -€26,357
down €26,357 (-69.5%), from €37,943 to €11,587
- Staff costs +€18,566
up €18,566 (+102.4%), from €18,132 to €36,698
- Other operating charges -€9,518
down €9,518 (-55.5%), from €17,157 to €7,639
- Taxes -€7,643
down €7,643 (-86.1%), from €8,879 to €1,236
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 | €160,307 | €308,051 | +€147,744 | +92.2% |
| Formation expenses | 20 | €354 | - | -€354 | |
| Fixed assets | 21/28 | €73,233 | €300,833 | +€227,601 | +310.8% |
| Tangible fixed assets | 22/27 | €73,233 | €300,833 | +€227,601 | +310.8% |
| Land and buildings | 22 | - | €278,499 | +€278,499 | |
| Furniture and vehicles | 24 | €73,233 | €22,334 | -€50,899 | -69.5% |
| Current assets | 29/58 | €86,720 | €7,218 | -€79,503 | -91.7% |
| Amounts receivable within one year | 40/41 | €51,298 | €7,218 | -€44,081 | -85.9% |
| Trade receivables | 40 | €45,449 | €5,594 | -€39,856 | -87.7% |
| Other amounts receivable | 41 | €5,849 | €1,624 | -€4,225 | -72.2% |
| Cash at bank and in hand | 54/58 | €35,422 | - | -€35,422 | |
| Total equity and liabilities | 10/49 | €160,307 | €308,051 | +€147,744 | +92.2% |
| Equity | 10/15 | €39,789 | -€6,313 | -€46,102 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,789 | -€10,313 | -€46,102 | |
| Amounts payable | 17/49 | €120,518 | €314,364 | +€193,846 | +160.8% |
| Amounts payable after more than one year | 17 | €81,744 | €270,057 | +€188,312 | +230.4% |
| Financial debts | 170/4 | €81,744 | €270,057 | +€188,312 | +230.4% |
| Amounts payable within one year | 42/48 | €38,773 | €44,307 | +€5,533 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €19,028 | €20,542 | +€1,514 | +8.0% |
| Financial debts | 43 | - | €1,211 | +€1,211 | |
| Credit institutions | 430/8 | - | €1,211 | +€1,211 | |
| Trade debts | 44 | €4,791 | €7,450 | +€2,659 | +55.5% |
| Suppliers | 440/4 | €4,791 | €7,450 | +€2,659 | +55.5% |
| Taxes, remuneration and social security | 45 | €14,954 | €15,104 | +€150 | +1.0% |
| Taxes | 450/3 | €14,954 | €10,705 | -€4,248 | -28.4% |
| Remuneration and social security | 454/9 | - | €4,398 | +€4,398 | |
| Non-recurring operating income | 76A | €1,640 | - | -€1,640 | |
| Remuneration, social security and pensions | 62 | €18,132 | €36,698 | +€18,566 | +102.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,943 | €11,587 | -€26,357 | -69.5% |
| Other operating charges | 640/8 | €17,157 | €7,639 | -€9,518 | -55.5% |
| Non-recurring operating charges | 66A | €14,666 | - | -€14,666 | |
| Gross operating margin | 9900 | €113,666 | €15,947 | -€97,719 | -86.0% |
| Operating profit (loss) | 9901 | €25,769 | -€39,976 | -€65,745 | |
| Financial income | 75/76B | €10 | €10 | -€0 | -2.2% |
| Recurring financial income | 75 | €10 | €10 | -€0 | -2.2% |
| Financial charges | 65/66B | €459 | €4,899 | +€4,441 | +968.3% |
| Recurring financial charges | 65 | €459 | €4,899 | +€4,441 | +968.3% |
| Profit (loss) for the period before taxes | 9903 | €25,320 | -€44,866 | -€70,186 | |
| Income taxes | 67/77 | €8,879 | €1,236 | -€7,643 | -86.1% |
| Profit (loss) for the period | 9904 | €16,441 | -€46,102 | -€62,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,441 | -€46,102 | -€62,543 |
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 5 October 2026 via checked.be.