MLB: 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.
MLB
Largest movements
- Cash -€2,016
down €2,016 (-99.5%), from €2,027 to €10
mainly Net result for the year (-€2,288) and Tax, wage and social debts (-€844)
- Tangible fixed assets -€983
down €983 (-29.7%), from €3,314 to €2,330
- Profit (loss) carried forward -€2,288
down €2,288 (-57.3%), from -€3,991 to -€6,279
- Tax, wage and social debts -€844
down €844 (-21.5%), from €3,917 to €3,073
- Short-term financial debts +€132
new in 2025: €132
- Taxes -€12,429
down €12,429, from €11,838 to -€591
- Gross operating margin -€1,380
down €1,380, from €598 to -€782
- Other operating charges +€1,011
up €1,011 (+2021.2%), from €50 to €1,061
- Financial charges -€116
down €116 (-65.4%), from €177 to €61
- Financial income -€61
down €61 (-88.5%), from €69 to €8
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 | €5,340 | €2,341 | -€2,999 | -56.2% |
| Fixed assets | 21/28 | €3,314 | €2,330 | -€983 | -29.7% |
| Tangible fixed assets | 22/27 | €3,314 | €2,330 | -€983 | -29.7% |
| Furniture and vehicles | 24 | €3,314 | €2,330 | -€983 | -29.7% |
| Current assets | 29/58 | €2,027 | €10 | -€2,016 | -99.5% |
| Cash at bank and in hand | 54/58 | €2,027 | €10 | -€2,016 | -99.5% |
| Total equity and liabilities | 10/49 | €5,340 | €2,341 | -€2,999 | -56.2% |
| Equity | 10/15 | -€991 | -€3,279 | -€2,288 | -230.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,991 | -€6,279 | -€2,288 | -57.3% |
| Amounts payable | 17/49 | €6,331 | €5,619 | -€712 | -11.2% |
| Amounts payable within one year | 42/48 | €6,331 | €5,619 | -€712 | -11.2% |
| Financial debts | 43 | - | €132 | +€132 | |
| Credit institutions | 430/8 | - | €132 | +€132 | |
| Taxes, remuneration and social security | 45 | €3,917 | €3,073 | -€844 | -21.5% |
| Taxes | 450/3 | €3,917 | €3,073 | -€844 | -21.5% |
| Other amounts payable | 47/48 | €2,414 | €2,414 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €983 | = | 0.0% |
| Other operating charges | 640/8 | €50 | €1,061 | +€1,011 | +2021.2% |
| Gross operating margin | 9900 | €598 | -€782 | -€1,380 | |
| Operating profit (loss) | 9901 | -€435 | -€2,826 | -€2,391 | -549.6% |
| Financial income | 75/76B | €69 | €8 | -€61 | -88.5% |
| Recurring financial income | 75 | €69 | €8 | -€61 | -88.5% |
| Financial charges | 65/66B | €177 | €61 | -€116 | -65.4% |
| Recurring financial charges | 65 | €177 | €61 | -€116 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€542 | -€2,879 | -€2,337 | -430.8% |
| Income taxes | 67/77 | €11,838 | -€591 | -€12,429 | |
| Profit (loss) for the period | 9904 | -€12,380 | -€2,288 | +€10,093 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,380 | -€2,288 | +€10,093 | +81.5% |
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 9 October 2026 via checked.be.