M BÉTON CONSTRUCT: 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 BÉTON CONSTRUCT
Largest movements
- Tangible fixed assets +€74,051
up €74,051 (+373%), from €19,859 to €93,909
of which Furniture and vehicles: +€80,266
- Receivables within one year -€17,270
down €17,270 (-23.7%), from €73,006 to €55,736
of which Trade receivables: -€22,807
- Deferred charges and accrued income +€1,993
up €1,993 (+101%), from €1,970 to €3,963
- Debts after one year +€38,834
new in 2025: €38,834
- Trade debts +€15,542
up €15,542 (+420%), from €3,701 to €19,244
- Current portion of long-term debt +€10,636
new in 2025: €10,636
- Profit (loss) carried forward -€4,787
down €4,787 (-8.3%), from €57,393 to €52,606
- Tax, wage and social debts -€1,757
down €1,757 (-5.9%), from €29,818 to €28,061
- Depreciation +€22,182
up €22,182 (+186%), from €11,949 to €34,131
- Gross operating margin -€19,895
down €19,895 (-16.9%), from €117,421 to €97,525
- Write-downs +€6,965
new in 2025: €6,965
- Taxes -€6,300
down €6,300 (-42.0%), from €15,000 to €8,700
- Other operating charges +€3,010
up €3,010 (+137%), from €2,192 to €5,202
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 | €100,913 | €159,381 | +€58,468 | +57.9% |
| Fixed assets | 21/28 | €19,859 | €93,909 | +€74,051 | +373% |
| Tangible fixed assets | 22/27 | €19,859 | €93,909 | +€74,051 | +373% |
| Plant, machinery and equipment | 23 | €12,245 | €6,030 | -€6,215 | -50.8% |
| Furniture and vehicles | 24 | €7,614 | €87,879 | +€80,266 | +1,054% |
| Current assets | 29/58 | €81,054 | €65,472 | -€15,582 | -19.2% |
| Amounts receivable within one year | 40/41 | €73,006 | €55,736 | -€17,270 | -23.7% |
| Trade receivables | 40 | €47,977 | €25,170 | -€22,807 | -47.5% |
| Other amounts receivable | 41 | €25,030 | €30,566 | +€5,536 | +22.1% |
| Cash at bank and in hand | 54/58 | €6,078 | €5,773 | -€305 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,970 | €3,963 | +€1,993 | +101% |
| Total equity and liabilities | 10/49 | €100,913 | €159,381 | +€58,468 | +57.9% |
| Equity | 10/15 | €67,393 | €62,606 | -€4,787 | -7.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,393 | €52,606 | -€4,787 | -8.3% |
| Amounts payable | 17/49 | €33,520 | €96,775 | +€63,256 | +189% |
| Amounts payable after more than one year | 17 | - | €38,834 | +€38,834 | |
| Financial debts | 170/4 | - | €38,834 | +€38,834 | |
| Amounts payable within one year | 42/48 | €33,520 | €57,941 | +€24,422 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,636 | +€10,636 | |
| Trade debts | 44 | €3,701 | €19,244 | +€15,542 | +420% |
| Suppliers | 440/4 | €3,701 | €19,244 | +€15,542 | +420% |
| Taxes, remuneration and social security | 45 | €29,818 | €28,061 | -€1,757 | -5.9% |
| Taxes | 450/3 | €29,818 | €28,061 | -€1,757 | -5.9% |
| Remuneration, social security and pensions | 62 | €12,225 | €14,091 | +€1,866 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,949 | €34,131 | +€22,182 | +186% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,965 | +€6,965 | |
| Other operating charges | 640/8 | €2,192 | €5,202 | +€3,010 | +137% |
| Non-recurring operating charges | 66A | €25,471 | - | -€25,471 | |
| Gross operating margin | 9900 | €117,421 | €97,525 | -€19,895 | -16.9% |
| Operating profit (loss) | 9901 | €65,583 | €37,137 | -€28,446 | -43.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €286 | €3,225 | +€2,939 | +1,027% |
| Recurring financial charges | 65 | €286 | €3,225 | +€2,939 | +1,027% |
| Profit (loss) for the period before taxes | 9903 | €65,297 | €33,913 | -€31,385 | -48.1% |
| Income taxes | 67/77 | €15,000 | €8,700 | -€6,300 | -42.0% |
| Profit (loss) for the period | 9904 | €50,297 | €25,213 | -€25,085 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,297 | €25,213 | -€25,085 | -49.9% |
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 17 October 2026 via checked.be.