MBE: what changed
What changed
MBE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€7.2m
2024 · €7.8m-€642,463
Equity
€14.1m
2024 · €6.9m+€7.2m
Cash
€110,636
2024 · €41,176+€69,459
Balance sheet total
€14.2m
2024 · €14.2m+€25,991
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€7.2m
down €7.2m (-100.0%), from €7.2m to €63
- Reserves +€7.2m
up €7.2m (+1,193%), from €600,000 to €7.8m
Income statement
- Financial income -€590,001
down €590,001 (-8.4%), from €7.0m to €6.4m
- Taxes +€70,138
up €70,138 (+25.3%), from €277,590 to €347,728
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
€7.8m
Turnover
+€16,045
Other operating income
-€2,913
Services and other goods
+€3,762
Depreciation
-€75
Other operating charges
+€638
Financial income
-€590,001
Financial charges
+€218
Taxes
-€70,138
Result 2025
€7.2m
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
+€69,459
Investment
€0
Financing
€0
Cash 2024
€41,176
From operations (derived)
+€69,459
Net result for the year
+€7.2m
Depreciation
+€24,153
Smaller working-capital items
+€15,622
Tax, wage and social debts
+€71,291
Other debts
-€7.2m
Cash 2025
€110,636
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,167,712 | €14,193,703 | +€25,991 | +0.2% |
| Fixed assets | 21/28 | €14,015,857 | €13,991,704 | -€24,153 | -0.2% |
| Tangible fixed assets | 22/27 | €54,761 | €30,608 | -€24,153 | -44.1% |
| Furniture and vehicles | 24 | €54,761 | €30,608 | -€24,153 | -44.1% |
| Financial fixed assets | 28 | €13,961,096 | €13,961,096 | = | 0.0% |
| Affiliated companies | 280/1 | €13,961,096 | €13,961,096 | = | 0.0% |
| Participating interests | 280 | €13,961,096 | €13,961,096 | = | 0.0% |
| Current assets | 29/58 | €151,855 | €201,999 | +€50,144 | +33.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €101,759 | €88,902 | -€12,857 | -12.6% |
| Trade receivables | 40 | €87,143 | €88,902 | +€1,759 | +2.0% |
| Other amounts receivable | 41 | €14,616 | €0 | -€14,616 | -100% |
| Cash at bank and in hand | 54/58 | €41,176 | €110,636 | +€69,459 | +169% |
| Deferred charges and accrued income | 490/1 | €8,920 | €2,461 | -€6,458 | -72.4% |
| Total equity and liabilities | 10/49 | €14,167,712 | €14,193,703 | +€25,991 | +0.2% |
| Equity | 10/15 | €6,916,466 | €14,074,796 | +€7.2m | +103% |
| Contributions | 10/11 | €6,315,672 | €6,315,672 | = | 0.0% |
| Reserves | 13 | €600,000 | €7,759,000 | +€7.2m | +1,193% |
| Distributable reserves | 133 | €600,000 | €7,759,000 | +€7.2m | +1,193% |
| Profit (loss) carried forward | 14 | €793 | €124 | -€669 | -84.4% |
| Amounts payable | 17/49 | €7,251,247 | €118,907 | -€7.1m | -98.4% |
| Amounts payable within one year | 42/48 | €7,251,070 | €118,907 | -€7.1m | -98.4% |
| Trade debts | 44 | €6,067 | €2,551 | -€3,517 | -58.0% |
| Suppliers | 440/4 | €6,067 | €2,551 | -€3,517 | -58.0% |
| Taxes, remuneration and social security | 45 | €45,002 | €116,293 | +€71,291 | +158% |
| Taxes | 450/3 | €45,002 | €116,293 | +€71,291 | +158% |
| Other amounts payable | 47/48 | €7,200,000 | €63 | -€7.2m | -100.0% |
| Accrued charges and deferred income | 492/3 | €177 | €0 | -€177 | -100% |
| Operating income | 70/76A | €1,624,497 | €1,637,629 | +€13,132 | +0.8% |
| Turnover | 70 | €1,615,234 | €1,631,279 | +€16,045 | +1.0% |
| Other operating income | 74 | €9,263 | €6,350 | -€2,913 | -31.5% |
| Operating charges | 60/66A | €535,466 | €531,140 | -€4,326 | -0.8% |
| Services and other goods | 61 | €509,445 | €505,683 | -€3,762 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,078 | €24,153 | +€75 | +0.3% |
| Other operating charges | 640/8 | €1,943 | €1,305 | -€638 | -32.9% |
| Operating profit (loss) | 9901 | €1,089,030 | €1,106,488 | +€17,458 | +1.6% |
| Financial income | 75/76B | €6,990,001 | €6,400,000 | -€590,001 | -8.4% |
| Recurring financial income | 75 | €6,990,001 | €6,400,000 | -€590,001 | -8.4% |
| Income from financial fixed assets | 750 | €6,990,000 | €6,400,000 | -€590,000 | -8.4% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €648 | €430 | -€218 | -33.7% |
| Recurring financial charges | 65 | €648 | €430 | -€218 | -33.7% |
| Debt charges | 650 | €648 | €430 | -€218 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €8,078,384 | €7,506,059 | -€572,325 | -7.1% |
| Income taxes | 67/77 | €277,590 | €347,728 | +€70,138 | +25.3% |
| Taxes | 670/3 | €277,590 | €347,728 | +€70,138 | +25.3% |
| Profit (loss) for the period | 9904 | €7,800,793 | €7,158,331 | -€642,463 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,800,793 | €7,158,331 | -€642,463 | -8.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.