M Building: what changed
M Building
Largest movements
- Tangible fixed assets +€259,503
up €259,503 (+631%), from €41,136 to €300,639
of which Land and buildings: +€268,826
- Receivables within one year +€10,794
up €10,794 (+8.6%), from €125,242 to €136,036
of which Trade receivables: +€5,804
- Cash +€6,818
up €6,818 (+22.7%), from €29,969 to €36,787
mainly Debts after one year (+€210,291) and Net result for the year (+€55,037)
- Debts after one year +€210,291
up €210,291 (+7,236%), from €2,906 to €213,197
- Reserves +€54,204
up €54,204 (+46.8%), from €115,754 to €169,958
- Tax, wage and social debts -€31,229
down €31,229 (-70.5%), from €44,306 to €13,077
of which Taxes: -€37,539
- Other debts +€21,855
up €21,855 (+194%), from €11,291 to €33,146
- Trade debts +€12,690
up €12,690 (+76.9%), from €16,497 to €29,188
- Gross operating margin +€29,095
up €29,095 (+21.1%), from €137,839 to €166,934
- Other operating charges +€11,405
up €11,405 (+1,896%), from €602 to €12,007
- Depreciation +€11,188
up €11,188 (+89.8%), from €12,463 to €23,651
- Staff costs +€8,121
up €8,121 (+17.5%), from €46,373 to €54,494
- Financial charges +€3,952
up €3,952 (+186%), from €2,128 to €6,081
Change in the result, 2024 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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,241 | €474,898 | +€277,657 | +141% |
| Fixed assets | 21/28 | €41,136 | €300,639 | +€259,503 | +631% |
| Tangible fixed assets | 22/27 | €41,136 | €300,639 | +€259,503 | +631% |
| Land and buildings | 22 | - | €268,826 | +€268,826 | |
| Plant, machinery and equipment | 23 | €10,503 | €6,855 | -€3,649 | -34.7% |
| Furniture and vehicles | 24 | €30,632 | €24,958 | -€5,674 | -18.5% |
| Current assets | 29/58 | €156,105 | €174,259 | +€18,154 | +11.6% |
| Amounts receivable within one year | 40/41 | €125,242 | €136,036 | +€10,794 | +8.6% |
| Trade receivables | 40 | €124,742 | €130,546 | +€5,804 | +4.7% |
| Other amounts receivable | 41 | €500 | €5,490 | +€4,990 | +998% |
| Cash at bank and in hand | 54/58 | €29,969 | €36,787 | +€6,818 | +22.7% |
| Deferred charges and accrued income | 490/1 | €894 | €1,436 | +€542 | +60.7% |
| Total equity and liabilities | 10/49 | €197,241 | €474,898 | +€277,657 | +141% |
| Equity | 10/15 | €118,254 | €172,458 | +€54,204 | +45.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €115,754 | €169,958 | +€54,204 | +46.8% |
| Distributable reserves | 133 | €115,754 | €169,958 | +€54,204 | +46.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €78,987 | €302,440 | +€223,453 | +283% |
| Amounts payable after more than one year | 17 | €2,906 | €213,197 | +€210,291 | +7,236% |
| Financial debts | 170/4 | €2,906 | €213,197 | +€210,291 | +7,236% |
| Amounts payable within one year | 42/48 | €76,081 | €89,243 | +€13,162 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €2,358 | €13,739 | +€11,381 | +483% |
| Financial debts | 43 | €1,628 | €93 | -€1,536 | -94.3% |
| Credit institutions | 430/8 | €1,628 | €93 | -€1,536 | -94.3% |
| Trade debts | 44 | €16,497 | €29,188 | +€12,690 | +76.9% |
| Suppliers | 440/4 | €16,497 | €29,188 | +€12,690 | +76.9% |
| Taxes, remuneration and social security | 45 | €44,306 | €13,077 | -€31,229 | -70.5% |
| Taxes | 450/3 | €43,516 | €5,978 | -€37,539 | -86.3% |
| Remuneration and social security | 454/9 | €789 | €7,100 | +€6,310 | +799% |
| Other amounts payable | 47/48 | €11,291 | €33,146 | +€21,855 | +194% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100% |
| Remuneration, social security and pensions | 62 | €46,373 | €54,494 | +€8,121 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,463 | €23,651 | +€11,188 | +89.8% |
| Other operating charges | 640/8 | €602 | €12,007 | +€11,405 | +1,896% |
| Non-recurring operating charges | 66A | €688 | €445 | -€243 | -35.3% |
| Gross operating margin | 9900 | €137,839 | €166,934 | +€29,095 | +21.1% |
| Operating profit (loss) | 9901 | €77,714 | €76,337 | -€1,377 | -1.8% |
| Financial income | 75/76B | €44 | €7 | -€36 | -82.9% |
| Recurring financial income | 75 | €44 | €7 | -€36 | -82.9% |
| Financial charges | 65/66B | €2,128 | €6,081 | +€3,952 | +186% |
| Recurring financial charges | 65 | €2,128 | €6,081 | +€3,952 | +186% |
| Profit (loss) for the period before taxes | 9903 | €75,629 | €70,264 | -€5,365 | -7.1% |
| Income taxes | 67/77 | €15,930 | €15,227 | -€703 | -4.4% |
| Profit (loss) for the period | 9904 | €59,699 | €55,037 | -€4,662 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,699 | €55,037 | -€4,662 | -7.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.