MBT-GROUP: 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-GROUP
Largest movements
- Current assets +€33,309
up €33,309 (+46.4%), from €71,805 to €105,114
of which Stocks and contracts: +€17,244
- Tangible fixed assets -€15,407
down €15,407 (-41.9%), from €36,790 to €21,383
- Debts within one year +€33,548
up €33,548 (+47.4%), from €70,800 to €104,348
of which Other debts: +€70,661
- Equity -€15,646
down €15,646 (-41.4%), from €37,796 to €22,150
of which Profit (loss) carried forward: -€15,646
- Gross operating margin -€47,815
down €47,815 (-75.3%), from €63,511 to €15,696
- Taxes +€10,855
up €10,855 (+6,478%), from €168 to €11,023
- Other operating charges +€8,962
new in 2021: €8,962
- Financial income +€4,904
new in 2021: €4,904
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,596 | €126,498 | +€17,902 | +16.5% |
| Fixed assets | 21/28 | €36,790 | €21,383 | -€15,407 | -41.9% |
| Tangible fixed assets | 22/27 | €36,790 | €21,383 | -€15,407 | -41.9% |
| Plant, machinery and equipment | 23 | - | €1,921 | +€1,921 | |
| Furniture and vehicles | 24 | - | €19,463 | +€19,463 | |
| Current assets | 29/58 | €71,805 | €105,114 | +€33,309 | +46.4% |
| Stocks and contracts in progress | 3 | - | €17,244 | +€17,244 | |
| Stocks | 30/36 | - | €17,244 | +€17,244 | |
| Amounts receivable within one year | 40/41 | €64,205 | €79,490 | +€15,285 | +23.8% |
| Trade receivables | 40 | - | €79,260 | +€79,260 | |
| Other amounts receivable | 41 | - | €230 | +€230 | |
| Cash at bank and in hand | 54/58 | €6,872 | €7,383 | +€510 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €998 | +€998 | |
| Total equity and liabilities | 10/49 | €108,596 | €126,498 | +€17,902 | +16.5% |
| Equity | 10/15 | €37,796 | €22,150 | -€15,646 | -41.4% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €31,596 | €31,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €595 | +€595 | |
| Reserves not available under the articles | 1311 | - | €595 | +€595 | |
| Distributable reserves | 133 | - | €31,000 | +€31,000 | |
| Profit (loss) carried forward | 14 | - | -€15,646 | -€15,646 | |
| Amounts payable | 17/49 | €70,800 | €104,348 | +€33,548 | +47.4% |
| Amounts payable within one year | 42/48 | €70,800 | €104,348 | +€33,548 | +47.4% |
| Trade debts | 44 | €30,937 | €20,486 | -€10,451 | -33.8% |
| Suppliers | 440/4 | - | €20,486 | +€20,486 | |
| Taxes, remuneration and social security | 45 | - | €13,201 | +€13,201 | |
| Taxes | 450/3 | - | €13,201 | +€13,201 | |
| Other amounts payable | 47/48 | - | €70,661 | +€70,661 | |
| Remuneration, social security and pensions | 62 | - | €620 | +€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,407 | €15,407 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €8,962 | +€8,962 | |
| Gross operating margin | 9900 | €63,511 | €15,696 | -€47,815 | -75.3% |
| Operating profit (loss) | 9901 | €39,837 | -€9,293 | -€49,131 | |
| Financial income | 75/76B | - | €4,904 | +€4,904 | |
| Recurring financial income | 75 | - | €4,904 | +€4,904 | |
| Financial charges | 65/66B | - | €234 | +€234 | |
| Recurring financial charges | 65 | €3,468 | €234 | -€3,234 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €36,370 | -€4,623 | -€40,993 | |
| Income taxes | 67/77 | €168 | €11,023 | +€10,855 | +6,478% |
| Profit (loss) for the period | 9904 | €36,202 | -€15,646 | -€51,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,202 | -€15,646 | -€51,848 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.