MBO 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.
MBO BEHEER
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+69.0%), from €145,000 to €245,000
- Cash +€22,311
up €22,311 (+338%), from €6,591 to €28,903
mainly Debts after one year (+€70,397) and Net result for the year (+€26,481)
- Tangible fixed assets -€11,761
down €11,761 (-24.7%), from €47,673 to €35,913
- Debts after one year +€70,397
up €70,397 (+262%), from €26,880 to €97,277
- Reserves +€41,217
up €41,217 (+31.7%), from €130,213 to €171,430
of which Distributable reserves: +€41,217
- Current portion of long-term debt +€15,533
up €15,533 (+124%), from €12,540 to €28,072
- Profit (loss) carried forward -€14,736
no longer reported in 2025 (was €14,736)
- Accrued charges and deferred income -€4,181
no longer reported in 2025 (was €4,181)
- Gross operating margin +€18,577
up €18,577 (+56.5%), from €32,864 to €51,441
- Taxes +€3,144
up €3,144 (+47.5%), from €6,613 to €9,757
- Depreciation +€2,591
up €2,591 (+28.3%), from €9,170 to €11,761
- Financial charges +€1,073
up €1,073 (+49.9%), from €2,151 to €3,223
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 | €213,792 | €325,265 | +€111,473 | +52.1% |
| Fixed assets | 21/28 | €192,673 | €280,913 | +€88,239 | +45.8% |
| Tangible fixed assets | 22/27 | €47,673 | €35,913 | -€11,761 | -24.7% |
| Furniture and vehicles | 24 | €47,673 | €35,913 | -€11,761 | -24.7% |
| Financial fixed assets | 28 | €145,000 | €245,000 | +€100,000 | +69.0% |
| Current assets | 29/58 | €21,119 | €44,353 | +€23,234 | +110% |
| Amounts receivable within one year | 40/41 | €14,527 | €13,133 | -€1,395 | -9.6% |
| Trade receivables | 40 | €7,865 | €10,890 | +€3,025 | +38.5% |
| Other amounts receivable | 41 | €6,662 | €2,243 | -€4,420 | -66.3% |
| Cash at bank and in hand | 54/58 | €6,591 | €28,903 | +€22,311 | +338% |
| Deferred charges and accrued income | 490/1 | - | €2,317 | +€2,317 | |
| Total equity and liabilities | 10/49 | €213,792 | €325,265 | +€111,473 | +52.1% |
| Equity | 10/15 | €164,949 | €191,430 | +€26,481 | +16.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €130,213 | €171,430 | +€41,217 | +31.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €128,213 | €169,430 | +€41,217 | +32.1% |
| Profit (loss) carried forward | 14 | €14,736 | - | -€14,736 | |
| Amounts payable | 17/49 | €48,843 | €133,835 | +€84,992 | +174% |
| Amounts payable after more than one year | 17 | €26,880 | €97,277 | +€70,397 | +262% |
| Financial debts | 170/4 | €26,880 | €97,277 | +€70,397 | +262% |
| Amounts payable within one year | 42/48 | €17,783 | €36,558 | +€18,776 | +106% |
| Current portion of amounts payable after more than one year | 42 | €12,540 | €28,072 | +€15,533 | +124% |
| Trade debts | 44 | - | €24 | +€24 | |
| Suppliers | 440/4 | - | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €5,243 | €6,372 | +€1,129 | +21.5% |
| Taxes | 450/3 | €3,343 | €4,472 | +€1,129 | +33.8% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,091 | +€2,091 | |
| Accrued charges and deferred income | 492/3 | €4,181 | - | -€4,181 | |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,170 | €11,761 | +€2,591 | +28.3% |
| Other operating charges | 640/8 | €194 | €218 | +€24 | +12.2% |
| Gross operating margin | 9900 | €32,864 | €51,441 | +€18,577 | +56.5% |
| Operating profit (loss) | 9901 | €23,500 | €39,462 | +€15,962 | +67.9% |
| Financial charges | 65/66B | €2,151 | €3,223 | +€1,073 | +49.9% |
| Recurring financial charges | 65 | €2,151 | €3,223 | +€1,073 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €21,349 | €36,238 | +€14,889 | +69.7% |
| Income taxes | 67/77 | €6,613 | €9,757 | +€3,144 | +47.5% |
| Profit (loss) for the period | 9904 | €14,736 | €26,481 | +€11,746 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,736 | €26,481 | +€11,746 | +79.7% |
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 20 October 2026 via checked.be.