MBTEC: 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.
MBTEC
Largest movements
- Receivables within one year +€33,232
up €33,232 (+26.3%), from €126,388 to €159,620
- Debts after one year -€87,965
down €87,965 (-10.6%), from €832,511 to €744,546
- Reserves +€78,462
up €78,462 (+26.9%), from €291,753 to €370,215
of which Distributable reserves: +€78,462
- Trade debts +€25,270
up €25,270 (+503.4%), from €5,020 to €30,290
- Tax, wage and social debts +€22,282
up €22,282 (+75.0%), from €29,699 to €51,981
of which Taxes: +€18,080
- Gross operating margin +€18,091
up €18,091 (+13.9%), from €130,097 to €148,188
- Taxes +€8,723
up €8,723 (+31.3%), from €27,894 to €36,617
- Financial charges -€3,016
down €3,016 (-8.3%), from €36,401 to €33,385
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 | €1,247,178 | €1,296,115 | +€48,937 | +3.9% |
| Fixed assets | 21/28 | €1,085,339 | €1,087,915 | +€2,576 | +0.2% |
| Tangible fixed assets | 22/27 | €211,163 | €212,314 | +€1,151 | +0.5% |
| Land and buildings | 22 | €204,953 | €198,198 | -€6,755 | -3.3% |
| Plant, machinery and equipment | 23 | €2,676 | €6,943 | +€4,267 | +159.5% |
| Furniture and vehicles | 24 | €3,534 | €7,173 | +€3,639 | +103.0% |
| Financial fixed assets | 28 | €874,176 | €875,601 | +€1,425 | +0.2% |
| Current assets | 29/58 | €161,839 | €208,200 | +€46,361 | +28.6% |
| Amounts receivable within one year | 40/41 | €126,388 | €159,620 | +€33,232 | +26.3% |
| Other amounts receivable | 41 | €126,388 | €159,620 | +€33,232 | +26.3% |
| Cash at bank and in hand | 54/58 | €24,855 | €34,832 | +€9,977 | +40.1% |
| Deferred charges and accrued income | 490/1 | €10,596 | €13,748 | +€3,152 | +29.7% |
| Total equity and liabilities | 10/49 | €1,247,178 | €1,296,115 | +€48,937 | +3.9% |
| Equity | 10/15 | €297,953 | €376,415 | +€78,462 | +26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,753 | €370,215 | +€78,462 | +26.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €289,893 | €368,355 | +€78,462 | +27.1% |
| Amounts payable | 17/49 | €949,225 | €919,700 | -€29,525 | -3.1% |
| Amounts payable after more than one year | 17 | €832,511 | €744,546 | -€87,965 | -10.6% |
| Financial debts | 170/4 | €832,511 | €744,546 | -€87,965 | -10.6% |
| Amounts payable within one year | 42/48 | €114,314 | €167,554 | +€53,240 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €79,595 | €85,283 | +€5,688 | +7.1% |
| Trade debts | 44 | €5,020 | €30,290 | +€25,270 | +503.4% |
| Suppliers | 440/4 | €5,020 | €30,290 | +€25,270 | +503.4% |
| Taxes, remuneration and social security | 45 | €29,699 | €51,981 | +€22,282 | +75.0% |
| Taxes | 450/3 | €29,699 | €47,779 | +€18,080 | +60.9% |
| Remuneration and social security | 454/9 | - | €4,202 | +€4,202 | |
| Accrued charges and deferred income | 492/3 | €2,400 | €7,600 | +€5,200 | +216.7% |
| Non-recurring operating income | 76A | - | €850 | +€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,849 | €9,329 | +€480 | +5.4% |
| Other operating charges | 640/8 | €1,656 | €2,037 | +€381 | +23.0% |
| Non-recurring operating charges | 66A | €3,188 | - | -€3,188 | |
| Gross operating margin | 9900 | €130,097 | €148,188 | +€18,091 | +13.9% |
| Operating profit (loss) | 9901 | €116,404 | €136,822 | +€20,418 | +17.5% |
| Financial income | 75/76B | €11,244 | €11,642 | +€398 | +3.5% |
| Recurring financial income | 75 | €11,244 | €11,642 | +€398 | +3.5% |
| Financial charges | 65/66B | €36,401 | €33,385 | -€3,016 | -8.3% |
| Recurring financial charges | 65 | €36,401 | €33,385 | -€3,016 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €91,247 | €115,079 | +€23,832 | +26.1% |
| Income taxes | 67/77 | €27,894 | €36,617 | +€8,723 | +31.3% |
| Profit (loss) for the period | 9904 | €63,353 | €78,462 | +€15,109 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,353 | €78,462 | +€15,109 | +23.8% |
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 28 September 2026 via checked.be.