M.B. BEHEER: 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.
M.B. BEHEER
Largest movements
- Cash -€55,053
down €55,053 (-69.8%), from €78,879 to €23,827
mainly Tax, wage and social debts (-€82,147) and Other debts (-€53,327)
- Receivables within one year -€16,864
down €16,864 (-4.1%), from €413,594 to €396,730
of which Trade receivables: -€16,864
- Reserves +€88,723
up €88,723 (+10.7%), from €832,399 to €921,121
- Tax, wage and social debts -€82,147
down €82,147 (-70.7%), from €116,175 to €34,028
- Other debts -€53,327
down €53,327 (-21.9%), from €243,851 to €190,524
- Debts after one year -€25,286
down €25,286 (-41.2%), from €61,421 to €36,135
- Gross operating margin -€162,971
down €162,971 (-53.8%), from €302,972 to €140,002
- Taxes -€46,791
down €46,791 (-52.7%), from €88,735 to €41,944
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 | €1,292,474 | €1,220,557 | -€71,917 | -5.6% |
| Fixed assets | 21/28 | €800,000 | €800,000 | = | 0.0% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €492,474 | €420,557 | -€71,917 | -14.6% |
| Amounts receivable within one year | 40/41 | €413,594 | €396,730 | -€16,864 | -4.1% |
| Trade receivables | 40 | €412,909 | €396,045 | -€16,864 | -4.1% |
| Other amounts receivable | 41 | €685 | €685 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,879 | €23,827 | -€55,053 | -69.8% |
| Total equity and liabilities | 10/49 | €1,292,474 | €1,220,557 | -€71,917 | -5.6% |
| Equity | 10/15 | €844,799 | €933,521 | +€88,723 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €832,399 | €921,121 | +€88,723 | +10.7% |
| Distributable reserves | 133 | €832,399 | €921,121 | +€88,723 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €447,675 | €287,036 | -€160,640 | -35.9% |
| Amounts payable after more than one year | 17 | €61,421 | €36,135 | -€25,286 | -41.2% |
| Financial debts | 170/4 | €61,421 | €36,135 | -€25,286 | -41.2% |
| Amounts payable within one year | 42/48 | €386,254 | €250,900 | -€135,354 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €25,104 | €25,286 | +€182 | +0.7% |
| Trade debts | 44 | €1,124 | €1,062 | -€62 | -5.5% |
| Suppliers | 440/4 | €1,124 | €1,062 | -€62 | -5.5% |
| Taxes, remuneration and social security | 45 | €116,175 | €34,028 | -€82,147 | -70.7% |
| Taxes | 450/3 | €116,175 | €34,028 | -€82,147 | -70.7% |
| Other amounts payable | 47/48 | €243,851 | €190,524 | -€53,327 | -21.9% |
| Other operating charges | 640/8 | €1,093 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €302,972 | €140,002 | -€162,971 | -53.8% |
| Operating profit (loss) | 9901 | €301,879 | €138,875 | -€163,004 | -54.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,713 | €8,209 | -€504 | -5.8% |
| Recurring financial charges | 65 | €8,713 | €8,209 | -€504 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €293,166 | €130,667 | -€162,500 | -55.4% |
| Income taxes | 67/77 | €88,735 | €41,944 | -€46,791 | -52.7% |
| Profit (loss) for the period | 9904 | €204,432 | €88,723 | -€115,709 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €204,432 | €88,723 | -€115,709 | -56.6% |
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.