MBeke Mgmt: 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.
MBeke Mgmt
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+200,000%), from €250 to €500,250
- Tangible fixed assets -€189,513
down €189,513 (-99.3%), from €190,867 to €1,354
of which Other tangible fixed assets: -€187,550
- Receivables within one year -€29,100
down €29,100 (-83.8%), from €34,711 to €5,611
of which Trade receivables: -€30,092
- Cash +€23,029
up €23,029 (+64.3%), from €35,836 to €58,865
mainly Other debts (+€493,706) and Receivables within one year (+€29,100)
- Other debts +€493,706
up €493,706 (+461%), from €107,101 to €600,807
- Profit (loss) carried forward -€147,998
down €147,998, from €92,140 to -€55,858
- Trade debts -€19,390
down €19,390 (-75.9%), from €25,558 to €6,168
- Tax, wage and social debts -€10,478
down €10,478 (-40.1%), from €26,143 to €15,665
of which Taxes: -€5,374
- Accrued charges and deferred income -€8,658
down €8,658 (-100%), from €8,658 to €0
- Gross operating margin +€36,896
up €36,896 (+48.3%), from €76,399 to €113,295
- Financial charges -€8,869
down €8,869 (-68.2%), from €13,011 to €4,142
- Taxes +€5,307
up €5,307 (+933%), from €569 to €5,876
- Staff costs +€1,850
up €1,850 (+3.2%), from €58,434 to €60,284
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 | €262,101 | €569,282 | +€307,181 | +117% |
| Fixed assets | 21/28 | €191,117 | €501,604 | +€310,487 | +162% |
| Tangible fixed assets | 22/27 | €190,867 | €1,354 | -€189,513 | -99.3% |
| Plant, machinery and equipment | 23 | €3,317 | €1,354 | -€1,963 | -59.2% |
| Other tangible fixed assets | 26 | €187,550 | €0 | -€187,550 | -100% |
| Financial fixed assets | 28 | €250 | €500,250 | +€500,000 | +200,000% |
| Current assets | 29/58 | €70,984 | €67,677 | -€3,306 | -4.7% |
| Amounts receivable within one year | 40/41 | €34,711 | €5,611 | -€29,100 | -83.8% |
| Trade receivables | 40 | €34,692 | €4,600 | -€30,092 | -86.7% |
| Other amounts receivable | 41 | €19 | €1,011 | +€992 | +5,360% |
| Cash at bank and in hand | 54/58 | €35,836 | €58,865 | +€23,029 | +64.3% |
| Deferred charges and accrued income | 490/1 | €437 | €3,201 | +€2,764 | +632% |
| Total equity and liabilities | 10/49 | €262,101 | €569,282 | +€307,181 | +117% |
| Equity | 10/15 | €94,640 | -€53,358 | -€147,998 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,140 | -€55,858 | -€147,998 | |
| Amounts payable | 17/49 | €167,460 | €622,640 | +€455,180 | +272% |
| Amounts payable within one year | 42/48 | €158,802 | €622,640 | +€463,838 | +292% |
| Trade debts | 44 | €25,558 | €6,168 | -€19,390 | -75.9% |
| Suppliers | 440/4 | €25,558 | €6,168 | -€19,390 | -75.9% |
| Taxes, remuneration and social security | 45 | €26,143 | €15,665 | -€10,478 | -40.1% |
| Taxes | 450/3 | €13,143 | €7,769 | -€5,374 | -40.9% |
| Remuneration and social security | 454/9 | €13,000 | €7,897 | -€5,103 | -39.3% |
| Other amounts payable | 47/48 | €107,101 | €600,807 | +€493,706 | +461% |
| Accrued charges and deferred income | 492/3 | €8,658 | €0 | -€8,658 | -100% |
| Non-recurring operating income | 76A | - | €16,500 | +€16,500 | |
| Remuneration, social security and pensions | 62 | €58,434 | €60,284 | +€1,850 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,490 | €1,963 | +€473 | +31.7% |
| Other operating charges | 640/8 | €1,667 | €1,504 | -€163 | -9.8% |
| Non-recurring operating charges | 66A | - | €187,550 | +€187,550 | |
| Gross operating margin | 9900 | €76,399 | €113,295 | +€36,896 | +48.3% |
| Operating profit (loss) | 9901 | €14,809 | -€138,006 | -€152,814 | |
| Financial income | 75/76B | €0 | €25 | +€25 | |
| Recurring financial income | 75 | €0 | €25 | +€25 | |
| Financial charges | 65/66B | €13,011 | €4,142 | -€8,869 | -68.2% |
| Recurring financial charges | 65 | €13,011 | €4,142 | -€8,869 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €1,798 | -€142,123 | -€143,920 | |
| Income taxes | 67/77 | €569 | €5,876 | +€5,307 | +933% |
| Profit (loss) for the period | 9904 | €1,229 | -€147,998 | -€149,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,229 | -€147,998 | -€149,228 |
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 21 October 2026 via checked.be.