MMBSY: 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.
MMBSY
Largest movements
- Receivables within one year -€88,431
down €88,431 (-8.0%), from €1.1m to €1.0m
of which Trade receivables: -€74,205
- Tangible fixed assets +€84,022
up €84,022 (+104%), from €80,505 to €164,527
of which Other tangible fixed assets: +€77,437
- Financial fixed assets +€15,000
new in 2025: €15,000
- Cash -€14,635
down €14,635 (-7.6%), from €191,623 to €176,988
mainly Investment in fixed assets (net) (-€131,151) and Contributions, distributions and other (-€120,000)
- Other debts +€120,536
up €120,536 (+4,524%), from €2,664 to €123,200
- Accrued charges and deferred income -€83,505
no longer reported in 2025 (was €83,505)
- Current portion of long-term debt -€56,773
down €56,773 (-43.8%), from €129,635 to €72,863
- Tax, wage and social debts -€56,650
down €56,650 (-52.1%), from €108,658 to €52,008
of which Taxes: -€31,961
- Debts after one year +€55,137
new in 2025: €55,137
- Gross operating margin +€157,511
up €157,511 (+17.5%), from €897,986 to €1.1m
- Staff costs +€72,805
up €72,805 (+11.0%), from €664,059 to €736,864
- Write-downs -€25,454
no longer reported in 2025 (was €25,454)
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 | €1,389,061 | €1,378,760 | -€10,301 | -0.7% |
| Fixed assets | 21/28 | €95,134 | €186,755 | +€91,621 | +96.3% |
| Intangible fixed assets | 21 | €14,629 | €7,228 | -€7,401 | -50.6% |
| Tangible fixed assets | 22/27 | €80,505 | €164,527 | +€84,022 | +104% |
| Land and buildings | 22 | €60,620 | €60,940 | +€319 | +0.5% |
| Plant, machinery and equipment | 23 | €9,579 | €6,125 | -€3,455 | -36.1% |
| Furniture and vehicles | 24 | €10,305 | €20,025 | +€9,720 | +94.3% |
| Other tangible fixed assets | 26 | - | €77,437 | +€77,437 | |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €1,293,927 | €1,192,005 | -€101,923 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,098,805 | €1,010,374 | -€88,431 | -8.0% |
| Trade receivables | 40 | €368,030 | €293,825 | -€74,205 | -20.2% |
| Other amounts receivable | 41 | €730,775 | €716,549 | -€14,226 | -1.9% |
| Cash at bank and in hand | 54/58 | €191,623 | €176,988 | -€14,635 | -7.6% |
| Deferred charges and accrued income | 490/1 | €3,500 | €4,643 | +€1,143 | +32.7% |
| Total equity and liabilities | 10/49 | €1,389,061 | €1,378,760 | -€10,301 | -0.7% |
| Equity | 10/15 | €442,841 | €443,418 | +€577 | +0.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €292,575 | €292,575 | = | 0.0% |
| Distributable reserves | 133 | €292,575 | €292,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,806 | €130,383 | +€577 | +0.4% |
| Amounts payable | 17/49 | €946,220 | €935,342 | -€10,878 | -1.1% |
| Amounts payable after more than one year | 17 | - | €55,137 | +€55,137 | |
| Financial debts | 170/4 | - | €55,137 | +€55,137 | |
| Amounts payable within one year | 42/48 | €862,715 | €880,205 | +€17,490 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €129,635 | €72,863 | -€56,773 | -43.8% |
| Financial debts | 43 | €218,128 | €192,568 | -€25,561 | -11.7% |
| Credit institutions | 430/8 | €218,128 | €192,568 | -€25,561 | -11.7% |
| Trade debts | 44 | €403,629 | €439,567 | +€35,937 | +8.9% |
| Suppliers | 440/4 | €403,629 | €439,567 | +€35,937 | +8.9% |
| Taxes, remuneration and social security | 45 | €108,658 | €52,008 | -€56,650 | -52.1% |
| Taxes | 450/3 | €43,289 | €11,328 | -€31,961 | -73.8% |
| Remuneration and social security | 454/9 | €65,369 | €40,679 | -€24,690 | -37.8% |
| Other amounts payable | 47/48 | €2,664 | €123,200 | +€120,536 | +4,524% |
| Accrued charges and deferred income | 492/3 | €83,505 | - | -€83,505 | |
| Remuneration, social security and pensions | 62 | €664,059 | €736,864 | +€72,805 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,289 | €39,529 | +€2,240 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,454 | - | -€25,454 | |
| Other operating charges | 640/8 | €10,911 | €4,982 | -€5,929 | -54.3% |
| Non-recurring operating charges | 66A | €528 | €96,000 | +€95,472 | +18,087% |
| Gross operating margin | 9900 | €897,986 | €1,055,497 | +€157,511 | +17.5% |
| Operating profit (loss) | 9901 | €159,746 | €178,122 | +€18,376 | +11.5% |
| Financial income | 75/76B | €4 | €324 | +€320 | +8,112% |
| Recurring financial income | 75 | €4 | €324 | +€320 | +8,112% |
| Financial charges | 65/66B | €14,237 | €10,929 | -€3,309 | -23.2% |
| Recurring financial charges | 65 | €14,237 | €10,929 | -€3,309 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €145,513 | €167,517 | +€22,004 | +15.1% |
| Income taxes | 67/77 | €45,000 | €46,940 | +€1,940 | +4.3% |
| Profit (loss) for the period | 9904 | €100,513 | €120,577 | +€20,064 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,513 | €120,577 | +€20,064 | +20.0% |
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 27 October 2026 via checked.be.