“MBS HOLDING”: 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.
“MBS HOLDING”
Largest movements
- Stocks and contracts -€41,298
no longer reported in 2025 (was €41,298)
- Receivables within one year -€14,982
down €14,982 (-25.9%), from €57,859 to €42,877
of which Trade receivables: -€10,229
- Cash -€1,870
down €1,870 (-86.7%), from €2,158 to €288
mainly Advances received (-€23,650) and Trade debts (-€20,560)
- Advances received -€23,650
down €23,650 (-81.7%), from €28,950 to €5,300
- Trade debts -€20,560
down €20,560 (-84.4%), from €24,366 to €3,806
- Profit (loss) carried forward -€8,627
down €8,627 (-57.9%), from €14,912 to €6,285
- Tax, wage and social debts -€6,313
no longer reported in 2025 (was €6,313)
- Gross operating margin -€4,052
down €4,052 (-187%), from -€2,163 to -€6,215
- Other operating charges +€1,867
up €1,867 (+482%), from €387 to €2,254
- Financial charges +€129
up €129 (+445%), from €29 to €158
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 | €101,390 | €43,240 | -€58,150 | -57.4% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €101,315 | €43,165 | -€58,150 | -57.4% |
| Stocks and contracts in progress | 3 | €41,298 | - | -€41,298 | |
| Stocks | 30/36 | €41,298 | - | -€41,298 | |
| Amounts receivable within one year | 40/41 | €57,859 | €42,877 | -€14,982 | -25.9% |
| Trade receivables | 40 | €52,435 | €42,206 | -€10,229 | -19.5% |
| Other amounts receivable | 41 | €5,424 | €671 | -€4,753 | -87.6% |
| Cash at bank and in hand | 54/58 | €2,158 | €288 | -€1,870 | -86.7% |
| Total equity and liabilities | 10/49 | €101,390 | €43,240 | -€58,150 | -57.4% |
| Equity | 10/15 | €35,372 | €26,745 | -€8,627 | -24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,912 | €6,285 | -€8,627 | -57.9% |
| Amounts payable | 17/49 | €66,018 | €16,495 | -€49,523 | -75.0% |
| Amounts payable within one year | 42/48 | €66,018 | €16,495 | -€49,523 | -75.0% |
| Trade debts | 44 | €24,366 | €3,806 | -€20,560 | -84.4% |
| Suppliers | 440/4 | €24,366 | €3,806 | -€20,560 | -84.4% |
| Advances received on contracts in progress | 46 | €28,950 | €5,300 | -€23,650 | -81.7% |
| Taxes, remuneration and social security | 45 | €6,313 | - | -€6,313 | |
| Taxes | 450/3 | €6,313 | - | -€6,313 | |
| Other amounts payable | 47/48 | €6,389 | €7,389 | +€1,000 | +15.7% |
| Other operating charges | 640/8 | €387 | €2,254 | +€1,867 | +482% |
| Gross operating margin | 9900 | -€2,163 | -€6,215 | -€4,052 | -187% |
| Operating profit (loss) | 9901 | -€2,550 | -€8,469 | -€5,919 | -232% |
| Financial charges | 65/66B | €29 | €158 | +€129 | +445% |
| Recurring financial charges | 65 | €29 | €158 | +€129 | +445% |
| Profit (loss) for the period before taxes | 9903 | -€2,579 | -€8,627 | -€6,048 | -235% |
| Income taxes | 67/77 | €17 | - | -€17 | |
| Profit (loss) for the period | 9904 | -€2,596 | -€8,627 | -€6,031 | -232% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,596 | -€8,627 | -€6,031 | -232% |
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 17 October 2026 via checked.be.