MBeton: 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.
MBeton
Largest movements
- Receivables within one year +€74,894
up €74,894 (+204.5%), from €36,623 to €111,517
of which Trade receivables: +€79,031
- Tangible fixed assets -€12,852
down €12,852 (-11.9%), from €108,218 to €95,366
- Cash +€4,376
up €4,376 (+14.9%), from €29,422 to €33,797
mainly Short-term financial debts (+€50,000) and Trade debts (+€37,357)
- Deferred charges and accrued income +€2,714
up €2,714, from €0 to €2,714
- Short-term financial debts +€50,000
new in 2025: €50,000
- Trade debts +€37,357
up €37,357 (+47.8%), from €78,128 to €115,485
- Debts after one year -€15,281
down €15,281 (-21.5%), from €70,986 to €55,705
- Accrued charges and deferred income -€6,350
down €6,350 (-90.2%), from €7,040 to €690
- Reserves +€2,522
up €2,522 (+268.8%), from €938 to €3,461
- Gross operating margin +€17,680
up €17,680 (+97.1%), from €18,200 to €35,880
- Depreciation +€1,764
up €1,764 (+8.6%), from €20,465 to €22,229
- Other operating charges +€1,168
up €1,168 (+47.1%), from €2,478 to €3,646
- Financial charges +€479
up €479 (+7.1%), from €6,731 to €7,210
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 | €174,953 | €243,394 | +€68,442 | +39.1% |
| Fixed assets | 21/28 | €108,908 | €95,366 | -€13,542 | -12.4% |
| Tangible fixed assets | 22/27 | €108,218 | €95,366 | -€12,852 | -11.9% |
| Plant, machinery and equipment | 23 | €108,218 | €95,366 | -€12,852 | -11.9% |
| Financial fixed assets | 28 | €690 | €0 | -€690 | -100.0% |
| Current assets | 29/58 | €66,045 | €148,028 | +€81,984 | +124.1% |
| Amounts receivable within one year | 40/41 | €36,623 | €111,517 | +€74,894 | +204.5% |
| Trade receivables | 40 | €1,000 | €80,031 | +€79,031 | +7903.1% |
| Other amounts receivable | 41 | €35,623 | €31,487 | -€4,136 | -11.6% |
| Cash at bank and in hand | 54/58 | €29,422 | €33,797 | +€4,376 | +14.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,714 | +€2,714 | |
| Total equity and liabilities | 10/49 | €174,953 | €243,394 | +€68,442 | +39.1% |
| Equity | 10/15 | €3,438 | €5,961 | +€2,522 | +73.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €938 | €3,461 | +€2,522 | +268.8% |
| Distributable reserves | 133 | €938 | €3,461 | +€2,522 | +268.8% |
| Amounts payable | 17/49 | €171,514 | €237,434 | +€65,919 | +38.4% |
| Amounts payable after more than one year | 17 | €70,986 | €55,705 | -€15,281 | -21.5% |
| Financial debts | 170/4 | €70,986 | €55,705 | -€15,281 | -21.5% |
| Amounts payable within one year | 42/48 | €93,489 | €181,038 | +€87,550 | +93.6% |
| Current portion of amounts payable after more than one year | 42 | €14,667 | €15,281 | +€614 | +4.2% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €78,128 | €115,485 | +€37,357 | +47.8% |
| Suppliers | 440/4 | €78,128 | €115,485 | +€37,357 | +47.8% |
| Taxes, remuneration and social security | 45 | €694 | €273 | -€421 | -60.7% |
| Taxes | 450/3 | €694 | €273 | -€421 | -60.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,040 | €690 | -€6,350 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,465 | €22,229 | +€1,764 | +8.6% |
| Other operating charges | 640/8 | €2,478 | €3,646 | +€1,168 | +47.1% |
| Gross operating margin | 9900 | €18,200 | €35,880 | +€17,680 | +97.1% |
| Operating profit (loss) | 9901 | -€4,743 | €10,005 | +€14,747 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +6800.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6800.0% |
| Financial charges | 65/66B | €6,731 | €7,210 | +€479 | +7.1% |
| Recurring financial charges | 65 | €6,731 | €7,210 | +€479 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,474 | €2,795 | +€14,269 | |
| Income taxes | 67/77 | €66 | €273 | +€207 | +312.3% |
| Profit (loss) for the period | 9904 | -€11,540 | €2,522 | +€14,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,540 | €2,522 | +€14,062 |
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 3 October 2026 via checked.be.