M.C. BEURMS: what changed
What changed
M.C. BEURMS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€115,970
2024 · €240,603-€124,633
Equity
€2.7m
2024 · €2.6m+€115,970
Cash
€283,607
2024 · €185,353+€98,254
Balance sheet total
€3.0m
2024 · €2.9m+€105,555
Largest movements
Assets
- Cash +€98,254
up €98,254 (+53.0%), from €185,353 to €283,607
mainly Net result for the year (+€115,970) and Depreciation (+€20,725)
Equity and liabilities
- Reserves +€115,970
up €115,970 (+4.4%), from €2.6m to €2.7m
Income statement
- Gross operating margin -€186,488
down €186,488 (-47.8%), from €390,301 to €203,812
- Taxes -€58,193
down €58,193 (-54.8%), from €106,110 to €47,917
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.
Result 2024
€240,603
Gross operating margin
-€186,488
Other operating charges
-€31
Financial income
-€136
Financial charges
+€3,828
Taxes
+€58,193
Result 2025
€115,970
raises the resultlowers the result
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.
From operations
+€98,254
Investment
€0
Financing
€0
Cash 2024
€185,353
From operations (derived)
+€98,254
Net result for the year
+€115,970
Depreciation
+€20,725
Receivables within one year
-€27,986
Smaller working-capital items
+€146
Tax, wage and social debts
-€4,429
Other debts
-€6,171
Cash 2025
€283,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,918,084 | €3,023,639 | +€105,555 | +3.6% |
| Fixed assets | 21/28 | €1,988,679 | €1,967,954 | -€20,725 | -1.0% |
| Tangible fixed assets | 22/27 | €85,087 | €64,363 | -€20,725 | -24.4% |
| Land and buildings | 22 | €16,838 | €16,838 | = | 0.0% |
| Furniture and vehicles | 24 | €68,250 | €47,525 | -€20,725 | -30.4% |
| Financial fixed assets | 28 | €1,903,591 | €1,903,591 | = | 0.0% |
| Current assets | 29/58 | €929,405 | €1,055,685 | +€126,280 | +13.6% |
| Amounts receivable within one year | 40/41 | €743,331 | €771,318 | +€27,986 | +3.8% |
| Trade receivables | 40 | €10 | €27,680 | +€27,670 | +276,981% |
| Other amounts receivable | 41 | €743,321 | €743,637 | +€316 | 0.0% |
| Cash at bank and in hand | 54/58 | €185,353 | €283,607 | +€98,254 | +53.0% |
| Deferred charges and accrued income | 490/1 | €721 | €761 | +€40 | +5.5% |
| Total equity and liabilities | 10/49 | €2,918,084 | €3,023,639 | +€105,555 | +3.6% |
| Equity | 10/15 | €2,618,629 | €2,734,599 | +€115,970 | +4.4% |
| Contributions | 10/11 | €12,497 | €12,497 | = | 0.0% |
| Reserves | 13 | €2,606,132 | €2,722,101 | +€115,970 | +4.4% |
| Distributable reserves | 133 | €2,606,132 | €2,722,101 | +€115,970 | +4.4% |
| Amounts payable | 17/49 | €299,455 | €289,041 | -€10,415 | -3.5% |
| Amounts payable within one year | 42/48 | €299,455 | €288,971 | -€10,485 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9 | €125 | +€116 | +1,272% |
| Suppliers | 440/4 | €9 | €125 | +€116 | +1,272% |
| Taxes, remuneration and social security | 45 | €19,766 | €15,336 | -€4,429 | -22.4% |
| Taxes | 450/3 | €19,766 | €12,711 | -€7,054 | -35.7% |
| Remuneration and social security | 454/9 | - | €2,625 | +€2,625 | |
| Other amounts payable | 47/48 | €279,680 | €273,509 | -€6,171 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,725 | €20,725 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €390,301 | €203,812 | -€186,488 | -47.8% |
| Operating profit (loss) | 9901 | €368,608 | €182,089 | -€186,519 | -50.6% |
| Financial income | 75/76B | €976 | €841 | -€136 | -13.9% |
| Recurring financial income | 75 | €976 | €841 | -€136 | -13.9% |
| Financial charges | 65/66B | €22,871 | €19,043 | -€3,828 | -16.7% |
| Recurring financial charges | 65 | €22,871 | €19,043 | -€3,828 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €346,713 | €163,887 | -€182,827 | -52.7% |
| Income taxes | 67/77 | €106,110 | €47,917 | -€58,193 | -54.8% |
| Profit (loss) for the period | 9904 | €240,603 | €115,970 | -€124,633 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €240,603 | €115,970 | -€124,633 | -51.8% |
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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 6 November 2026 via checked.be.