MBT CONSULT: 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.
MBT CONSULT
Largest movements
- Cash +€197,398
up €197,398 (+39.5%), from €499,439 to €696,838
mainly Other debts (+€629,000) and Net result for the year (+€274,957)
- Financial fixed assets +€151,847
up €151,847 (+73.6%), from €206,346 to €358,193
- Receivables within one year -€84,700
down €84,700 (-100%), from €84,700 to €0
of which Trade receivables: -€84,700
- Tangible fixed assets -€20,650
down €20,650 (-3.2%), from €647,992 to €627,342
- Other debts +€629,000
up €629,000, from €0 to €629,000
- Reserves -€465,043
down €465,043 (-54.1%), from €859,309 to €394,266
- Tax, wage and social debts +€128,219
up €128,219 (+481%), from €26,639 to €154,858
of which Taxes: +€120,905
- Debts after one year -€40,673
down €40,673 (-8.4%), from €484,766 to €444,093
- Gross operating margin -€18,599
down €18,599 (-4.6%), from €403,832 to €385,233
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 | €1,440,899 | €1,684,438 | +€243,539 | +16.9% |
| Fixed assets | 21/28 | €854,338 | €985,535 | +€131,197 | +15.4% |
| Tangible fixed assets | 22/27 | €647,992 | €627,342 | -€20,650 | -3.2% |
| Land and buildings | 22 | €647,992 | €627,342 | -€20,650 | -3.2% |
| Financial fixed assets | 28 | €206,346 | €358,193 | +€151,847 | +73.6% |
| Current assets | 29/58 | €586,561 | €698,903 | +€112,342 | +19.2% |
| Amounts receivable within one year | 40/41 | €84,700 | €0 | -€84,700 | -100% |
| Trade receivables | 40 | €84,700 | €0 | -€84,700 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €499,439 | €696,838 | +€197,398 | +39.5% |
| Deferred charges and accrued income | 490/1 | €2,422 | €2,065 | -€356 | -14.7% |
| Total equity and liabilities | 10/49 | €1,440,899 | €1,684,438 | +€243,539 | +16.9% |
| Equity | 10/15 | €877,909 | €412,866 | -€465,043 | -53.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €859,309 | €394,266 | -€465,043 | -54.1% |
| Distributable reserves | 133 | €859,309 | €394,266 | -€465,043 | -54.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €562,989 | €1,271,571 | +€708,582 | +126% |
| Amounts payable after more than one year | 17 | €484,766 | €444,093 | -€40,673 | -8.4% |
| Financial debts | 170/4 | €484,766 | €444,093 | -€40,673 | -8.4% |
| Amounts payable within one year | 42/48 | €78,224 | €827,479 | +€749,255 | +958% |
| Current portion of amounts payable after more than one year | 42 | €48,775 | €40,673 | -€8,102 | -16.6% |
| Trade debts | 44 | €2,810 | €2,948 | +€138 | +4.9% |
| Suppliers | 440/4 | €2,810 | €2,948 | +€138 | +4.9% |
| Taxes, remuneration and social security | 45 | €26,639 | €154,858 | +€128,219 | +481% |
| Taxes | 450/3 | €26,639 | €147,544 | +€120,905 | +454% |
| Remuneration and social security | 454/9 | - | €7,314 | +€7,314 | |
| Other amounts payable | 47/48 | €0 | €629,000 | +€629,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,650 | €20,650 | = | 0.0% |
| Other operating charges | 640/8 | €2,740 | €4,407 | +€1,668 | +60.9% |
| Gross operating margin | 9900 | €403,832 | €385,233 | -€18,599 | -4.6% |
| Operating profit (loss) | 9901 | €380,443 | €360,176 | -€20,267 | -5.3% |
| Financial income | 75/76B | €11,428 | €11,727 | +€299 | +2.6% |
| Recurring financial income | 75 | €11,428 | €11,727 | +€299 | +2.6% |
| Financial charges | 65/66B | €7,558 | €6,600 | -€958 | -12.7% |
| Recurring financial charges | 65 | €7,558 | €6,600 | -€958 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €384,312 | €365,303 | -€19,010 | -4.9% |
| Income taxes | 67/77 | €89,770 | €90,346 | +€575 | +0.6% |
| Profit (loss) for the period | 9904 | €294,542 | €274,957 | -€19,585 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €294,542 | €274,957 | -€19,585 | -6.6% |
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 18 October 2026 via checked.be.