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mb projects: what changed

What changed

mb projects

BE 1012.572.211
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€745
2024 · €2,544-€1,799
Equity
€5,789
2024 · €5,044+€745
Cash
€5,013
2024 · €4,236+€777
Balance sheet total
€5,983
2024 · €24,554-€18,571

Largest movements

2024 to 2025
Assets
  • 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)

Equity and liabilities
  • 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

Income statement
  • 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

effect on the result

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 €2,544
Gross operating margin -€1,218
Depreciation +€1,257
Other operating charges -€589
Financial income +€27
Financial charges -€1,754
Taxes +€478
Result 2025 €745
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 -€7,665
Investment +€17,243
Financing -€8,801
Cash 2024 €4,236
Net result for the year +€745
Receivables within one year +€2,143
Deferred charges and accrued income -€38
Tax, wage and social debts -€6,178
Other debts -€4,337
Investment in fixed assets (net) +€17,243
Debts after one year -€3,862
Current portion of long-term debt -€4,939
Cash 2025 €5,013
brings cash intakes cash out
Every line side by side 37 lines
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%
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.