M.C. 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.C. BEHEER
Largest movements
- Tangible fixed assets +€59,100
up €59,100 (+372%), from €15,886 to €74,986
of which Land and buildings: +€59,100
- Cash -€3,860
down €3,860 (-8.4%), from €46,206 to €42,346
mainly Investment in fixed assets (net) (-€59,100) and Net result for the year (-€11,769)
- Debts after one year +€70,000
new in 2025: €70,000
- Profit (loss) carried forward -€11,769
down €11,769 (-28.9%), from €40,719 to €28,950
- Gross operating margin -€79,028
down €79,028, from €67,201 to -€11,827
- Taxes -€13,695
no longer reported in 2025 (was €13,695)
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 | €233,272 | €290,585 | +€57,313 | +24.6% |
| Fixed assets | 21/28 | €15,886 | €74,986 | +€59,100 | +372% |
| Tangible fixed assets | 22/27 | €15,886 | €74,986 | +€59,100 | +372% |
| Land and buildings | 22 | €6,900 | €66,000 | +€59,100 | +857% |
| Other tangible fixed assets | 26 | €8,986 | €8,986 | = | 0.0% |
| Current assets | 29/58 | €217,386 | €215,599 | -€1,787 | -0.8% |
| Amounts receivable after more than one year | 29 | €145,000 | €145,000 | = | 0.0% |
| Other amounts receivable | 291 | €145,000 | €145,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,985 | €28,085 | +€2,100 | +8.1% |
| Other amounts receivable | 41 | €25,985 | €28,085 | +€2,100 | +8.1% |
| Cash at bank and in hand | 54/58 | €46,206 | €42,346 | -€3,860 | -8.4% |
| Deferred charges and accrued income | 490/1 | €195 | €168 | -€27 | -13.8% |
| Total equity and liabilities | 10/49 | €233,272 | €290,585 | +€57,313 | +24.6% |
| Equity | 10/15 | €231,858 | €220,089 | -€11,769 | -5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €129,139 | €129,139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,125 | €46,125 | = | 0.0% |
| Distributable reserves | 133 | €76,814 | €76,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,719 | €28,950 | -€11,769 | -28.9% |
| Amounts payable | 17/49 | €1,414 | €70,496 | +€69,082 | +4,886% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Financial debts | 170/4 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €1,414 | €496 | -€918 | -64.9% |
| Trade debts | 44 | €85 | €83 | -€2 | -2.4% |
| Suppliers | 440/4 | €85 | €83 | -€2 | -2.4% |
| Taxes, remuneration and social security | 45 | €995 | - | -€995 | |
| Taxes | 450/3 | €995 | - | -€995 | |
| Other amounts payable | 47/48 | €334 | €413 | +€79 | +23.7% |
| Other operating charges | 640/8 | €663 | €694 | +€31 | +4.7% |
| Gross operating margin | 9900 | €67,201 | -€11,827 | -€79,028 | |
| Operating profit (loss) | 9901 | €66,538 | -€12,521 | -€79,059 | |
| Financial income | 75/76B | €2,100 | €2,100 | = | 0.0% |
| Recurring financial income | 75 | €2,100 | €2,100 | = | 0.0% |
| Financial charges | 65/66B | €1,313 | €1,348 | +€35 | +2.7% |
| Recurring financial charges | 65 | €1,313 | €1,348 | +€35 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €67,325 | -€11,769 | -€79,094 | |
| Income taxes | 67/77 | €13,695 | - | -€13,695 | |
| Profit (loss) for the period | 9904 | €53,630 | -€11,769 | -€65,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,630 | -€11,769 | -€65,399 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.