DR. MKM BERGOETS: 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.
DR. MKM BERGOETS
Largest movements
- Tangible fixed assets +€84,497
up €84,497 (+52.1%), from €162,169 to €246,666
of which Furniture and vehicles: +€95,954
- Deferred charges and accrued income -€21,660
down €21,660 (-23.4%), from €92,514 to €70,855
- Receivables within one year -€8,269
down €8,269 (-96.5%), from €8,571 to €303
of which Trade receivables: -€8,386
- Cash -€5,123
down €5,123 (-9.4%), from €54,765 to €49,642
mainly Investment in fixed assets (net) (-€107,313) and Contributions, distributions and other (-€48,000)
- Reserves +€22,350
up €22,350 (+11.0%), from €203,838 to €226,189
- Debts after one year +€21,171
up €21,171 (+24.0%), from €88,151 to €109,322
- Current portion of long-term debt +€16,424
up €16,424 (+169%), from €9,744 to €26,168
- Trade debts -€6,961
down €6,961 (-81.8%), from €8,512 to €1,551
- Gross operating margin +€48,126
up €48,126 (+70.2%), from €68,566 to €116,692
- Taxes +€8,355
up €8,355 (+79.4%), from €10,527 to €18,883
- Depreciation +€6,395
up €6,395 (+38.9%), from €16,421 to €22,816
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 | €333,020 | €382,465 | +€49,446 | +14.8% |
| Fixed assets | 21/28 | €177,169 | €261,666 | +€84,497 | +47.7% |
| Tangible fixed assets | 22/27 | €162,169 | €246,666 | +€84,497 | +52.1% |
| Furniture and vehicles | 24 | €22,242 | €118,196 | +€95,954 | +431% |
| Other tangible fixed assets | 26 | €139,927 | €128,470 | -€11,456 | -8.2% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €155,850 | €120,799 | -€35,051 | -22.5% |
| Amounts receivable within one year | 40/41 | €8,571 | €303 | -€8,269 | -96.5% |
| Trade receivables | 40 | €8,571 | €185 | -€8,386 | -97.8% |
| Other amounts receivable | 41 | - | €118 | +€118 | |
| Cash at bank and in hand | 54/58 | €54,765 | €49,642 | -€5,123 | -9.4% |
| Deferred charges and accrued income | 490/1 | €92,514 | €70,855 | -€21,660 | -23.4% |
| Total equity and liabilities | 10/49 | €333,020 | €382,465 | +€49,446 | +14.8% |
| Equity | 10/15 | €222,438 | €244,789 | +€22,350 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,838 | €226,189 | +€22,350 | +11.0% |
| Distributable reserves | 133 | €203,838 | €226,189 | +€22,350 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,581 | €137,677 | +€27,095 | +24.5% |
| Amounts payable after more than one year | 17 | €88,151 | €109,322 | +€21,171 | +24.0% |
| Financial debts | 170/4 | €88,151 | €109,322 | +€21,171 | +24.0% |
| Amounts payable within one year | 42/48 | €22,430 | €28,232 | +€5,802 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €9,744 | €26,168 | +€16,424 | +169% |
| Financial debts | 43 | €3,533 | €0 | -€3,533 | -100% |
| Credit institutions | 430/8 | €3,533 | €0 | -€3,533 | -100% |
| Trade debts | 44 | €8,512 | €1,551 | -€6,961 | -81.8% |
| Suppliers | 440/4 | €8,512 | €1,551 | -€6,961 | -81.8% |
| Taxes, remuneration and social security | 45 | €527 | €0 | -€527 | -100% |
| Taxes | 450/3 | €527 | €0 | -€527 | -100% |
| Other amounts payable | 47/48 | €113 | €513 | +€400 | +353% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Non-recurring operating income | 76A | - | €31,425 | +€31,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,421 | €22,816 | +€6,395 | +38.9% |
| Other operating charges | 640/8 | €1,811 | €2,021 | +€210 | +11.6% |
| Gross operating margin | 9900 | €68,566 | €116,692 | +€48,126 | +70.2% |
| Operating profit (loss) | 9901 | €50,335 | €91,856 | +€41,521 | +82.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,719 | €2,623 | -€97 | -3.6% |
| Recurring financial charges | 65 | €2,719 | €2,623 | -€97 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €47,615 | €89,233 | +€41,617 | +87.4% |
| Income taxes | 67/77 | €10,527 | €18,883 | +€8,355 | +79.4% |
| Profit (loss) for the period | 9904 | €37,088 | €70,350 | +€33,262 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,088 | €70,350 | +€33,262 | +89.7% |
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 25 October 2026 via checked.be.