Belgian Management Society: what changed
Belgian Management Society
Largest movements
- Cash -€275,145
down €275,145 (-59.3%), from €463,928 to €188,783
- Tangible fixed assets +€20,222
up €20,222 (+20.1%), from €100,666 to €120,888
of which Furniture and vehicles: +€22,638
- Profit (loss) carried forward -€276,727
down €276,727 (-63.8%), from €433,421 to €156,694
- Tax, wage and social debts +€30,611
up €30,611 (+150%), from €20,376 to €50,987
of which Taxes: +€30,428
- Trade debts -€11,307
down €11,307 (-51.8%), from €21,842 to €10,534
- Gross operating margin +€212,670
up €212,670 (+44.5%), from €478,144 to €690,814
- Staff costs +€97,502
up €97,502 (+50.4%), from €193,597 to €291,099
- Taxes +€33,677
up €33,677 (+55.9%), from €60,207 to €93,884
- Depreciation +€8,060
up €8,060 (+39.7%), from €20,304 to €28,364
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €571,218 | €317,865 | -€253,353 | -44.4% |
| Fixed assets | 21/28 | €100,666 | €120,888 | +€20,222 | +20.1% |
| Tangible fixed assets | 22/27 | €100,666 | €120,888 | +€20,222 | +20.1% |
| Land and buildings | 22 | €34,274 | €34,274 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,558 | €23,142 | -€2,416 | -9.5% |
| Furniture and vehicles | 24 | €40,834 | €63,472 | +€22,638 | +55.4% |
| Current assets | 29/58 | €470,552 | €196,977 | -€273,575 | -58.1% |
| Amounts receivable within one year | 40/41 | €4,287 | €3,229 | -€1,058 | -24.7% |
| Other amounts receivable | 41 | €4,287 | €3,229 | -€1,058 | -24.7% |
| Cash at bank and in hand | 54/58 | €463,928 | €188,783 | -€275,145 | -59.3% |
| Deferred charges and accrued income | 490/1 | €2,337 | €4,965 | +€2,627 | +112% |
| Total equity and liabilities | 10/49 | €571,218 | €317,865 | -€253,353 | -44.4% |
| Equity | 10/15 | €528,623 | €251,897 | -€276,727 | -52.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €33,202 | €33,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €433,421 | €156,694 | -€276,727 | -63.8% |
| Amounts payable | 17/49 | €42,595 | €65,968 | +€23,374 | +54.9% |
| Amounts payable within one year | 42/48 | €42,595 | €65,968 | +€23,374 | +54.9% |
| Trade debts | 44 | €21,842 | €10,534 | -€11,307 | -51.8% |
| Suppliers | 440/4 | €21,842 | €10,534 | -€11,307 | -51.8% |
| Advances received on contracts in progress | 46 | - | €4,084 | +€4,084 | |
| Taxes, remuneration and social security | 45 | €20,376 | €50,987 | +€30,611 | +150% |
| Taxes | 450/3 | €4,313 | €34,741 | +€30,428 | +705% |
| Remuneration and social security | 454/9 | €16,063 | €16,246 | +€183 | +1.1% |
| Other amounts payable | 47/48 | €377 | €363 | -€14 | -3.7% |
| Remuneration, social security and pensions | 62 | €193,597 | €291,099 | +€97,502 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,304 | €28,364 | +€8,060 | +39.7% |
| Other operating charges | 640/8 | €7,499 | €9,271 | +€1,772 | +23.6% |
| Gross operating margin | 9900 | €478,144 | €690,814 | +€212,670 | +44.5% |
| Operating profit (loss) | 9901 | €256,744 | €362,080 | +€105,336 | +41.0% |
| Financial income | 75/76B | - | €5,228 | +€5,228 | |
| Recurring financial income | 75 | - | €5,228 | +€5,228 | |
| Non-recurring financial income | 76B | - | €5,228 | +€5,228 | |
| Financial charges | 65/66B | €84 | €151 | +€67 | +79.1% |
| Recurring financial charges | 65 | €84 | €151 | +€67 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €256,659 | €367,158 | +€110,498 | +43.1% |
| Income taxes | 67/77 | €60,207 | €93,884 | +€33,677 | +55.9% |
| Profit (loss) for the period | 9904 | €196,452 | €273,273 | +€76,821 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €196,452 | €273,273 | +€76,821 | +39.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.