Beter Meubel: 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.
Beter Meubel
Largest movements
- Tangible fixed assets -€2.3m
down €2.3m (-45.8%), from €5.1m to €2.8m
of which Land and buildings: -€2.3m
- Receivables within one year +€601,510
up €601,510 (+250%), from €240,140 to €841,650
- Revaluation surpluses -€2.1m
down €2.1m (-58.4%), from €3.5m to €1.5m
- Reserves +€232,875
up €232,875 (+20.7%), from €1.1m to €1.4m
- Trade debts -€85,132
down €85,132 (-31.5%), from €269,975 to €184,843
- Tax, wage and social debts +€83,132
up €83,132 (+45.1%), from €184,422 to €267,554
of which Taxes: +€84,544
- Gross operating margin -€272,599
down €272,599 (-11.8%), from €2.3m to €2.0m
- Staff costs -€146,871
down €146,871 (-10.0%), from €1.5m to €1.3m
- Financial charges -€77,680
down €77,680 (-57.0%), from €136,381 to €58,702
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 | €6,564,828 | €4,691,971 | -€1.9m | -28.5% |
| Fixed assets | 21/28 | €5,074,904 | €2,751,169 | -€2.3m | -45.8% |
| Tangible fixed assets | 22/27 | €5,074,904 | €2,751,169 | -€2.3m | -45.8% |
| Land and buildings | 22 | €4,897,121 | €2,637,127 | -€2.3m | -46.1% |
| Plant, machinery and equipment | 23 | €177,782 | €114,042 | -€63,741 | -35.9% |
| Current assets | 29/58 | €1,489,924 | €1,940,802 | +€450,878 | +30.3% |
| Stocks and contracts in progress | 3 | €998,893 | €944,940 | -€53,953 | -5.4% |
| Stocks | 30/36 | €998,893 | €944,940 | -€53,953 | -5.4% |
| Amounts receivable within one year | 40/41 | €240,140 | €841,650 | +€601,510 | +250% |
| Other amounts receivable | 41 | €240,140 | €841,650 | +€601,510 | +250% |
| Cash at bank and in hand | 54/58 | €91,125 | €58,210 | -€32,915 | -36.1% |
| Deferred charges and accrued income | 490/1 | €159,767 | €96,002 | -€63,764 | -39.9% |
| Total equity and liabilities | 10/49 | €6,564,828 | €4,691,971 | -€1.9m | -28.5% |
| Equity | 10/15 | €5,421,134 | €3,583,966 | -€1.8m | -33.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,547,000 | €1,476,957 | -€2.1m | -58.4% |
| Reserves | 13 | €1,124,134 | €1,357,009 | +€232,875 | +20.7% |
| Distributable reserves | 133 | €1,124,134 | €1,357,009 | +€232,875 | +20.7% |
| Amounts payable | 17/49 | €1,143,693 | €1,108,005 | -€35,688 | -3.1% |
| Amounts payable within one year | 42/48 | €1,138,754 | €1,106,862 | -€31,893 | -2.8% |
| Trade debts | 44 | €269,975 | €184,843 | -€85,132 | -31.5% |
| Suppliers | 440/4 | €269,975 | €184,843 | -€85,132 | -31.5% |
| Advances received on contracts in progress | 46 | €684,358 | €654,465 | -€29,893 | -4.4% |
| Taxes, remuneration and social security | 45 | €184,422 | €267,554 | +€83,132 | +45.1% |
| Taxes | 450/3 | €135,635 | €220,179 | +€84,544 | +62.3% |
| Remuneration and social security | 454/9 | €48,787 | €47,376 | -€1,411 | -2.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,939 | €1,143 | -€3,796 | -76.9% |
| Remuneration, social security and pensions | 62 | €1,475,385 | €1,328,513 | -€146,871 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,811 | €236,293 | -€17,519 | -6.9% |
| Other operating charges | 640/8 | €102,647 | €102,096 | -€550 | -0.5% |
| Gross operating margin | 9900 | €2,314,548 | €2,041,948 | -€272,599 | -11.8% |
| Operating profit (loss) | 9901 | €482,706 | €375,046 | -€107,660 | -22.3% |
| Financial charges | 65/66B | €136,381 | €58,702 | -€77,680 | -57.0% |
| Recurring financial charges | 65 | €136,381 | €58,702 | -€77,680 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €346,324 | €316,344 | -€29,980 | -8.7% |
| Income taxes | 67/77 | €100,143 | €83,470 | -€16,673 | -16.6% |
| Profit (loss) for the period | 9904 | €246,182 | €232,875 | -€13,307 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €246,182 | €232,875 | -€13,307 | -5.4% |
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 19 October 2026 via checked.be.