MAISON BEGHUIN: what changed
Two fiscal 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.
MAISON BEGHUIN
Largest movements
- Tangible fixed assets -€28,977
down €28,977 (-15.7%), from €185,083 to €156,107
of which Furniture and vehicles: -€15,981
- Stocks and contracts +€15,045
up €15,045 (+27.4%), from €54,862 to €69,907
- Receivables within one year +€6,579
up €6,579 (+3.2%), from €204,298 to €210,876
of which Trade receivables: +€5,555
- Profit (loss) carried forward +€26,019
up €26,019 (+17.9%), from €145,105 to €171,124
- Current portion of long-term debt -€17,053
down €17,053 (-32.6%), from €52,346 to €35,293
- Debts after one year -€11,168
down €11,168 (-17.6%), from €63,594 to €52,426
- Depreciation +€3,093
up €3,093 (+5.9%), from €52,145 to €55,238
- Gross operating margin +€2,795
up €2,795 (+1.5%), from €192,387 to €195,182
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.
Cash bridge derived
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 | €581,324 | €574,013 | -€7,311 | -1.3% |
| Fixed assets | 21/28 | €185,383 | €156,407 | -€28,977 | -15.6% |
| Tangible fixed assets | 22/27 | €185,083 | €156,107 | -€28,977 | -15.7% |
| Land and buildings | 22 | €29,019 | €28,020 | -€999 | -3.4% |
| Plant, machinery and equipment | 23 | €99,236 | €87,240 | -€11,996 | -12.1% |
| Furniture and vehicles | 24 | €56,828 | €40,847 | -€15,981 | -28.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €395,941 | €417,606 | +€21,666 | +5.5% |
| Stocks and contracts in progress | 3 | €54,862 | €69,907 | +€15,045 | +27.4% |
| Stocks | 30/36 | €54,862 | €69,907 | +€15,045 | +27.4% |
| Amounts receivable within one year | 40/41 | €204,298 | €210,876 | +€6,579 | +3.2% |
| Trade receivables | 40 | €169,087 | €174,642 | +€5,555 | +3.3% |
| Other amounts receivable | 41 | €35,211 | €36,234 | +€1,023 | +2.9% |
| Cash at bank and in hand | 54/58 | €136,780 | €136,823 | +€43 | 0.0% |
| Total equity and liabilities | 10/49 | €581,324 | €574,013 | -€7,311 | -1.3% |
| Equity | 10/15 | €413,455 | €435,179 | +€21,723 | +5.3% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €186,860 | €186,860 | = | 0.0% |
| Distributable reserves | 133 | €186,860 | €186,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,105 | €171,124 | +€26,019 | +17.9% |
| Investment grants | 15 | €12,891 | €8,595 | -€4,296 | -33.3% |
| Amounts payable | 17/49 | €167,868 | €138,834 | -€29,034 | -17.3% |
| Amounts payable after more than one year | 17 | €63,594 | €52,426 | -€11,168 | -17.6% |
| Financial debts | 170/4 | €63,594 | €52,426 | -€11,168 | -17.6% |
| Amounts payable within one year | 42/48 | €103,411 | €85,546 | -€17,865 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €52,346 | €35,293 | -€17,053 | -32.6% |
| Trade debts | 44 | €24,233 | €22,770 | -€1,464 | -6.0% |
| Suppliers | 440/4 | €24,233 | €22,770 | -€1,464 | -6.0% |
| Taxes, remuneration and social security | 45 | €26,832 | €27,483 | +€652 | +2.4% |
| Remuneration and social security | 454/9 | €26,832 | €27,483 | +€652 | +2.4% |
| Accrued charges and deferred income | 492/3 | €863 | €862 | -€1 | -0.1% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €101,603 | €100,104 | -€1,499 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,145 | €55,238 | +€3,093 | +5.9% |
| Other operating charges | 640/8 | €5,987 | €6,039 | +€52 | +0.9% |
| Gross operating margin | 9900 | €192,387 | €195,182 | +€2,795 | +1.5% |
| Operating profit (loss) | 9901 | €32,651 | €33,801 | +€1,150 | +3.5% |
| Financial income | 75/76B | €4,582 | €4,826 | +€244 | +5.3% |
| Recurring financial income | 75 | €4,582 | €4,826 | +€244 | +5.3% |
| Financial charges | 65/66B | €3,072 | €4,197 | +€1,125 | +36.6% |
| Recurring financial charges | 65 | €3,072 | €4,197 | +€1,125 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €34,161 | €34,429 | +€268 | +0.8% |
| Income taxes | 67/77 | €8,206 | €8,410 | +€204 | +2.5% |
| Profit (loss) for the period | 9904 | €25,955 | €26,019 | +€64 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,955 | €26,019 | +€64 | +0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.