MBrace IT: 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.
MBrace IT
Largest movements
- Current investments +€90,000
up €90,000 (+180.0%), from €50,000 to €140,000
- Cash -€41,364
down €41,364 (-43.7%), from €94,660 to €53,296
mainly Current investments (-€90,000) and Receivables within one year (-€19,159)
- Receivables within one year +€19,159
new in 2025: €19,159
- Reserves +€67,875
up €67,875 (+60.0%), from €113,158 to €181,033
- Gross operating margin +€16,523
up €16,523 (+24.2%), from €68,286 to €84,809
- Taxes +€3,461
up €3,461 (+23.4%), from €14,820 to €18,281
- Financial income +€940
up €940 (+99.7%), from €943 to €1,883
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 | €149,151 | €216,808 | +€67,657 | +45.4% |
| Fixed assets | 21/28 | €430 | €67 | -€362 | -84.3% |
| Tangible fixed assets | 22/27 | €430 | €67 | -€362 | -84.3% |
| Plant, machinery and equipment | 23 | €430 | €67 | -€362 | -84.3% |
| Current assets | 29/58 | €148,722 | €216,741 | +€68,019 | +45.7% |
| Amounts receivable within one year | 40/41 | - | €19,159 | +€19,159 | |
| Trade receivables | 40 | - | €19,159 | +€19,159 | |
| Current investments | 50/53 | €50,000 | €140,000 | +€90,000 | +180.0% |
| Cash at bank and in hand | 54/58 | €94,660 | €53,296 | -€41,364 | -43.7% |
| Deferred charges and accrued income | 490/1 | €4,061 | €4,286 | +€224 | +5.5% |
| Total equity and liabilities | 10/49 | €149,151 | €216,808 | +€67,657 | +45.4% |
| Equity | 10/15 | €118,158 | €186,033 | +€67,875 | +57.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,158 | €181,033 | +€67,875 | +60.0% |
| Distributable reserves | 133 | €113,158 | €181,033 | +€67,875 | +60.0% |
| Amounts payable | 17/49 | €30,994 | €30,776 | -€218 | -0.7% |
| Amounts payable within one year | 42/48 | €30,994 | €30,776 | -€218 | -0.7% |
| Trade debts | 44 | €3,264 | €3,330 | +€66 | +2.0% |
| Suppliers | 440/4 | €3,264 | €3,330 | +€66 | +2.0% |
| Taxes, remuneration and social security | 45 | €27,510 | €27,409 | -€101 | -0.4% |
| Taxes | 450/3 | €27,510 | €27,409 | -€101 | -0.4% |
| Other amounts payable | 47/48 | €220 | €37 | -€183 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €362 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €68,286 | €84,809 | +€16,523 | +24.2% |
| Operating profit (loss) | 9901 | €67,806 | €84,327 | +€16,521 | +24.4% |
| Financial income | 75/76B | €943 | €1,883 | +€940 | +99.7% |
| Recurring financial income | 75 | €943 | €1,883 | +€940 | +99.7% |
| Financial charges | 65/66B | €50 | €54 | +€5 | +9.5% |
| Recurring financial charges | 65 | €50 | €54 | +€5 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €68,699 | €86,156 | +€17,456 | +25.4% |
| Income taxes | 67/77 | €14,820 | €18,281 | +€3,461 | +23.4% |
| Profit (loss) for the period | 9904 | €53,880 | €67,875 | +€13,995 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,880 | €67,875 | +€13,995 | +26.0% |
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 6 October 2026 via checked.be.