mb projects: what changed
mb projects
Largest movements
- Tangible fixed assets -€17,243
no longer reported in 2025 (was €17,243)
- Receivables within one year -€2,143
down €2,143 (-70.6%), from €3,034 to €891
of which Other amounts receivable: -€1,248
- Cash +€777
up €777 (+18.3%), from €4,236 to €5,013
mainly Investment in fixed assets (net) (+€17,243) and Receivables within one year (+€2,143)
- Tax, wage and social debts -€6,178
down €6,178 (-97.0%), from €6,372 to €194
of which Remuneration and social security: -€5,700
- Current portion of long-term debt -€4,939
no longer reported in 2025 (was €4,939)
- Other debts -€4,337
no longer reported in 2025 (was €4,337)
- Debts after one year -€3,862
no longer reported in 2025 (was €3,862)
- Profit (loss) carried forward +€745
up €745 (+29.3%), from €2,544 to €3,289
- Financial charges +€1,754
up €1,754 (+412%), from €426 to €2,180
- Depreciation -€1,257
no longer reported in 2025 (was €1,257)
- Gross operating margin -€1,218
down €1,218 (-24.9%), from €4,899 to €3,681
- Other operating charges +€589
new in 2025: €589
- Taxes -€478
down €478 (-71.1%), from €672 to €194
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,554 | €5,983 | -€18,571 | -75.6% |
| Fixed assets | 21/28 | €17,243 | - | -€17,243 | |
| Tangible fixed assets | 22/27 | €17,243 | - | -€17,243 | |
| Plant, machinery and equipment | 23 | €17,243 | - | -€17,243 | |
| Current assets | 29/58 | €7,311 | €5,983 | -€1,328 | -18.2% |
| Amounts receivable within one year | 40/41 | €3,034 | €891 | -€2,143 | -70.6% |
| Trade receivables | 40 | €1,006 | €111 | -€895 | -89.0% |
| Other amounts receivable | 41 | €2,028 | €780 | -€1,248 | -61.5% |
| Cash at bank and in hand | 54/58 | €4,236 | €5,013 | +€777 | +18.3% |
| Deferred charges and accrued income | 490/1 | €41 | €79 | +€38 | +92.1% |
| Total equity and liabilities | 10/49 | €24,554 | €5,983 | -€18,571 | -75.6% |
| Equity | 10/15 | €5,044 | €5,789 | +€745 | +14.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,544 | €3,289 | +€745 | +29.3% |
| Amounts payable | 17/49 | €19,510 | €194 | -€19,316 | -99.0% |
| Amounts payable after more than one year | 17 | €3,862 | - | -€3,862 | |
| Financial debts | 170/4 | €3,862 | - | -€3,862 | |
| Amounts payable within one year | 42/48 | €15,648 | €194 | -€15,454 | -98.8% |
| Current portion of amounts payable after more than one year | 42 | €4,939 | - | -€4,939 | |
| Taxes, remuneration and social security | 45 | €6,372 | €194 | -€6,178 | -97.0% |
| Taxes | 450/3 | €672 | €194 | -€478 | -71.1% |
| Remuneration and social security | 454/9 | €5,700 | - | -€5,700 | |
| Other amounts payable | 47/48 | €4,337 | - | -€4,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,257 | - | -€1,257 | |
| Other operating charges | 640/8 | - | €589 | +€589 | |
| Gross operating margin | 9900 | €4,899 | €3,681 | -€1,218 | -24.9% |
| Operating profit (loss) | 9901 | €3,642 | €3,092 | -€550 | -15.1% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €426 | €2,180 | +€1,754 | +412% |
| Recurring financial charges | 65 | €426 | €2,180 | +€1,754 | +412% |
| Profit (loss) for the period before taxes | 9903 | €3,216 | €939 | -€2,277 | -70.8% |
| Income taxes | 67/77 | €672 | €194 | -€478 | -71.1% |
| Profit (loss) for the period | 9904 | €2,544 | €745 | -€1,799 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,544 | €745 | -€1,799 | -70.7% |
Next steps
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 7 November 2026 via checked.be.