MNBB: 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.
MNBB
Largest movements
- Receivables within one year +€17,280
up €17,280 (+149.5%), from €11,556 to €28,836
- Cash -€4,427
down €4,427 (-69.2%), from €6,400 to €1,972
mainly Receivables within one year (-€17,280) and Investment in fixed assets (net) (-€1,519)
- Trade debts +€7,330
up €7,330 (+201.8%), from €3,633 to €10,963
- Profit (loss) carried forward +€2,091
up €2,091 (+7.4%), from -€28,209 to -€26,118
- Other debts +€1,850
up €1,850 (+7.0%), from €26,499 to €28,349
- Tax, wage and social debts +€1,371
up €1,371 (+9.6%), from €14,308 to €15,679
- Taxes -€12,633
down €12,633, from €9,152 to -€3,481
- Gross operating margin -€3,392
down €3,392 (-28.2%), from €12,009 to €8,618
- Other operating charges -€1,712
down €1,712 (-35.8%), from €4,789 to €3,076
- Financial charges -€573
down €573 (-10.2%), from €5,640 to €5,066
- Depreciation +€524
up €524 (+39.1%), from €1,341 to €1,864
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 | €22,887 | €35,530 | +€12,643 | +55.2% |
| Fixed assets | 21/28 | €4,877 | €4,531 | -€346 | -7.1% |
| Tangible fixed assets | 22/27 | €4,852 | €4,506 | -€346 | -7.1% |
| Furniture and vehicles | 24 | €4,852 | €4,506 | -€346 | -7.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €18,010 | €30,999 | +€12,988 | +72.1% |
| Amounts receivable within one year | 40/41 | €11,556 | €28,836 | +€17,280 | +149.5% |
| Trade receivables | 40 | €11,556 | €28,836 | +€17,280 | +149.5% |
| Cash at bank and in hand | 54/58 | €6,400 | €1,972 | -€4,427 | -69.2% |
| Deferred charges and accrued income | 490/1 | €55 | €191 | +€135 | +244.8% |
| Total equity and liabilities | 10/49 | €22,887 | €35,530 | +€12,643 | +55.2% |
| Equity | 10/15 | -€21,553 | -€19,462 | +€2,091 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €456 | €456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €456 | €456 | = | 0.0% |
| Reserves not available under the articles | 1311 | €456 | €456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,209 | -€26,118 | +€2,091 | +7.4% |
| Amounts payable | 17/49 | €44,440 | €54,992 | +€10,552 | +23.7% |
| Amounts payable within one year | 42/48 | €44,440 | €54,992 | +€10,552 | +23.7% |
| Trade debts | 44 | €3,633 | €10,963 | +€7,330 | +201.8% |
| Suppliers | 440/4 | €3,633 | €10,963 | +€7,330 | +201.8% |
| Taxes, remuneration and social security | 45 | €14,308 | €15,679 | +€1,371 | +9.6% |
| Taxes | 450/3 | €14,308 | €15,679 | +€1,371 | +9.6% |
| Other amounts payable | 47/48 | €26,499 | €28,349 | +€1,850 | +7.0% |
| Non-recurring operating income | 76A | - | €1,061 | +€1,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €1,864 | +€524 | +39.1% |
| Other operating charges | 640/8 | €4,789 | €3,076 | -€1,712 | -35.8% |
| Gross operating margin | 9900 | €12,009 | €8,618 | -€3,392 | -28.2% |
| Operating profit (loss) | 9901 | €5,880 | €3,677 | -€2,203 | -37.5% |
| Financial charges | 65/66B | €5,640 | €5,066 | -€573 | -10.2% |
| Recurring financial charges | 65 | €5,640 | €5,066 | -€573 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €240 | -€1,390 | -€1,630 | |
| Income taxes | 67/77 | €9,152 | -€3,481 | -€12,633 | |
| Profit (loss) for the period | 9904 | -€8,912 | €2,091 | +€11,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,912 | €2,091 | +€11,003 |
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.