BE MAO: 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.
BE MAO
Largest movements
- Cash +€31,245
up €31,245 (+324%), from €9,657 to €40,902
mainly Net result for the year (+€14,352) and Receivables within one year (+€12,391)
- Receivables within one year -€12,391
down €12,391 (-22.5%), from €55,007 to €42,616
of which Other amounts receivable: -€6,887
- Stocks and contracts -€2,612
no longer reported in 2025 (was €2,612)
- Intangible fixed assets -€1,608
down €1,608 (-20.0%), from €8,041 to €6,433
- Tangible fixed assets -€1,309
down €1,309 (-28.9%), from €4,525 to €3,216
- Reserves +€13,350
up €13,350 (+36.4%), from €36,660 to €50,010
of which Distributable reserves: +€13,350
- Tax, wage and social debts +€4,628
up €4,628 (+54.9%), from €8,425 to €13,053
- Trade debts -€4,273
down €4,273 (-39.5%), from €10,818 to €6,546
- Gross operating margin +€24,638
up €24,638, from -€1,785 to €22,853
- Taxes +€5,952
up €5,952 (+4,602%), from €129 to €6,081
- Depreciation +€2,356
up €2,356 (+419%), from €562 to €2,917
- Financial charges -€424
down €424 (-57.0%), from €742 to €319
- Financial income -€267
down €267 (-14.5%), from €1,842 to €1,575
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 | €82,714 | €96,421 | +€13,707 | +16.6% |
| Fixed assets | 21/28 | €12,566 | €9,648 | -€2,917 | -23.2% |
| Intangible fixed assets | 21 | €8,041 | €6,433 | -€1,608 | -20.0% |
| Tangible fixed assets | 22/27 | €4,525 | €3,216 | -€1,309 | -28.9% |
| Plant, machinery and equipment | 23 | €4,525 | €3,216 | -€1,309 | -28.9% |
| Current assets | 29/58 | €70,148 | €86,773 | +€16,625 | +23.7% |
| Stocks and contracts in progress | 3 | €2,612 | - | -€2,612 | |
| Stocks | 30/36 | €2,612 | - | -€2,612 | |
| Amounts receivable within one year | 40/41 | €55,007 | €42,616 | -€12,391 | -22.5% |
| Trade receivables | 40 | €21,466 | €15,962 | -€5,504 | -25.6% |
| Other amounts receivable | 41 | €33,540 | €26,654 | -€6,887 | -20.5% |
| Cash at bank and in hand | 54/58 | €9,657 | €40,902 | +€31,245 | +324% |
| Deferred charges and accrued income | 490/1 | €2,872 | €3,255 | +€383 | +13.3% |
| Total equity and liabilities | 10/49 | €82,714 | €96,421 | +€13,707 | +16.6% |
| Equity | 10/15 | €63,470 | €76,822 | +€13,352 | +21.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,660 | €50,010 | +€13,350 | +36.4% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €36,560 | €49,910 | +€13,350 | +36.5% |
| Profit (loss) carried forward | 14 | €25,810 | €25,812 | +€2 | 0.0% |
| Amounts payable | 17/49 | €19,243 | €19,599 | +€355 | +1.8% |
| Amounts payable within one year | 42/48 | €19,243 | €19,599 | +€355 | +1.8% |
| Trade debts | 44 | €10,818 | €6,546 | -€4,273 | -39.5% |
| Suppliers | 440/4 | €10,818 | €6,546 | -€4,273 | -39.5% |
| Taxes, remuneration and social security | 45 | €8,425 | €13,053 | +€4,628 | +54.9% |
| Taxes | 450/3 | €8,425 | €13,053 | +€4,628 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €2,917 | +€2,356 | +419% |
| Other operating charges | 640/8 | €839 | €758 | -€80 | -9.6% |
| Gross operating margin | 9900 | -€1,785 | €22,853 | +€24,638 | |
| Operating profit (loss) | 9901 | -€3,185 | €19,177 | +€22,362 | |
| Financial income | 75/76B | €1,842 | €1,575 | -€267 | -14.5% |
| Recurring financial income | 75 | €1,842 | €1,575 | -€267 | -14.5% |
| Financial charges | 65/66B | €742 | €319 | -€424 | -57.0% |
| Recurring financial charges | 65 | €742 | €319 | -€424 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,085 | €20,433 | +€22,518 | |
| Income taxes | 67/77 | €129 | €6,081 | +€5,952 | +4,602% |
| Profit (loss) for the period | 9904 | -€2,215 | €14,352 | +€16,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,215 | €14,352 | +€16,566 |
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 15 October 2026 via checked.be.