MLB INVEST: what changed
What changed
MLB INVEST
NACE 86.940, Nursing and midwifery
filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · €238,845+€4.0m
Equity
€6.7m
2024 · €2.3m+€4.5m
Cash
€269,514
2024 · €270,576-€1,062
Balance sheet total
€6.8m
2024 · €2.9m+€3.9m
Largest movements
Assets
- Current investments +€3.5m
new in 2025: €3.5m
- Receivables after one year +€497,894
new in 2025: €497,894
- Financial fixed assets -€350,950
down €350,950 (-14.3%), from €2.5m to €2.1m
- Receivables within one year +€247,913
up €247,913 (+6,234%), from €3,977 to €251,890
of which Other amounts receivable: +€245,036
Equity and liabilities
- Profit (loss) carried forward +€4.2m
up €4.2m (+443%), from €951,945 to €5.2m
- Debts after one year -€537,502
down €537,502 (-100%), from €537,502 to €0
- Contributions +€250,000
up €250,000 (+33.3%), from €750,000 to €1.0m
Income statement
- Financial income +€4.0m
up €4.0m (+1,391%), from €284,054 to €4.2m
of which Non-recurring financial income: +€4.2m
- Taxes -€17,314
down €17,314 (-74.6%), from €23,202 to €5,888
- Gross operating margin +€7,829
up €7,829 (+51.8%), from €15,109 to €22,938
- Financial charges -€1,756
down €1,756 (-6.9%), from €25,453 to €23,697
- Other operating charges -€396
down €396 (-30.8%), from €1,287 to €891
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€238,845
Gross operating margin
+€7,829
Depreciation
-€144
Other operating charges
+€396
Financial income
+€4.0m
Financial charges
+€1,756
Taxes
+€17,314
Result 2025
€4.2m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.5m
Investment
-€3.1m
Financing
-€350,971
Cash 2024
€270,576
From operations (derived)
+€3.5m
Net result for the year
+€4.2m
Depreciation
+€10,520
Receivables after one year
-€497,894
Receivables within one year
-€247,913
Deferred charges and accrued income
-€10,978
Trade debts
-€259
Other debts
+€44,799
Accrued charges and deferred income
-€17,307
Investment (derived)
-€3.1m
Investment in fixed assets (net)
+€350,950
Current investments
-€3.5m
Financing
-€350,971
Debts after one year
-€537,502
Current portion of long-term debt
-€63,469
Contributions, distributions and other
+€250,000
Cash 2025
€269,514
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,924,133 | €6,818,387 | +€3.9m | +133% |
| Fixed assets | 21/28 | €2,644,316 | €2,282,846 | -€361,470 | -13.7% |
| Tangible fixed assets | 22/27 | €186,616 | €176,096 | -€10,520 | -5.6% |
| Land and buildings | 22 | €166,672 | €160,903 | -€5,769 | -3.5% |
| Plant, machinery and equipment | 23 | €15,800 | €12,186 | -€3,615 | -22.9% |
| Furniture and vehicles | 24 | €4,143 | €3,007 | -€1,136 | -27.4% |
| Financial fixed assets | 28 | €2,457,700 | €2,106,750 | -€350,950 | -14.3% |
| Current assets | 29/58 | €279,817 | €4,535,541 | +€4.3m | +1,521% |
| Amounts receivable after more than one year | 29 | - | €497,894 | +€497,894 | |
| Other amounts receivable | 291 | - | €497,894 | +€497,894 | |
| Amounts receivable within one year | 40/41 | €3,977 | €251,890 | +€247,913 | +6,234% |
| Trade receivables | 40 | €0 | €2,877 | +€2,877 | |
| Other amounts receivable | 41 | €3,977 | €249,013 | +€245,036 | +6,161% |
| Current investments | 50/53 | - | €3,500,000 | +€3.5m | |
| Cash at bank and in hand | 54/58 | €270,576 | €269,514 | -€1,062 | -0.4% |
| Deferred charges and accrued income | 490/1 | €5,264 | €16,242 | +€10,978 | +209% |
| Total equity and liabilities | 10/49 | €2,924,133 | €6,818,387 | +€3.9m | +133% |
| Equity | 10/15 | €2,281,945 | €6,749,936 | +€4.5m | +196% |
| Contributions | 10/11 | €750,000 | €1,000,000 | +€250,000 | +33.3% |
| Reserves | 13 | €580,000 | €580,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €530,000 | €530,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €951,945 | €5,169,936 | +€4.2m | +443% |
| Amounts payable | 17/49 | €642,188 | €68,450 | -€573,738 | -89.3% |
| Amounts payable after more than one year | 17 | €537,502 | €0 | -€537,502 | -100% |
| Financial debts | 170/4 | €537,502 | €0 | -€537,502 | -100% |
| Amounts payable within one year | 42/48 | €86,728 | €67,799 | -€18,929 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €63,469 | €0 | -€63,469 | -100% |
| Trade debts | 44 | €259 | €0 | -€259 | -100% |
| Suppliers | 440/4 | €259 | €0 | -€259 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,000 | €67,799 | +€44,799 | +195% |
| Accrued charges and deferred income | 492/3 | €17,958 | €651 | -€17,307 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,376 | €10,520 | +€144 | +1.4% |
| Other operating charges | 640/8 | €1,287 | €891 | -€396 | -30.8% |
| Gross operating margin | 9900 | €15,109 | €22,938 | +€7,829 | +51.8% |
| Operating profit (loss) | 9901 | €3,446 | €11,527 | +€8,081 | +235% |
| Financial income | 75/76B | €284,054 | €4,236,050 | +€4.0m | +1,391% |
| Recurring financial income | 75 | €284,054 | €48,514 | -€235,541 | -82.9% |
| Non-recurring financial income | 76B | - | €4,187,536 | +€4.2m | |
| Financial charges | 65/66B | €25,453 | €23,697 | -€1,756 | -6.9% |
| Recurring financial charges | 65 | €25,453 | €23,697 | -€1,756 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €262,047 | €4,223,879 | +€4.0m | +1,512% |
| Income taxes | 67/77 | €23,202 | €5,888 | -€17,314 | -74.6% |
| Profit (loss) for the period | 9904 | €238,845 | €4,217,991 | +€4.0m | +1,666% |
| Profit (loss) for the period to be appropriated | 9905 | €238,845 | €4,217,991 | +€4.0m | +1,666% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.