Mr & Ms: what changed
Mr & Ms
Largest movements
- Stocks and contracts +€15,000
up €15,000 (+150%), from €10,000 to €25,000
of which Contracts in progress: +€10,000
- Receivables within one year -€7,913
down €7,913 (-17.2%), from €45,990 to €38,078
of which Trade receivables: -€15,081
- Tangible fixed assets -€5,051
down €5,051 (-11.8%), from €42,877 to €37,826
of which Other tangible fixed assets: -€4,583
- Cash -€5,009
down €5,009 (-64.7%), from €7,742 to €2,732
mainly Contributions, distributions and other (-€60,114) and Stocks and contracts (-€15,000)
- Other debts +€21,527
up €21,527 (+73.0%), from €29,486 to €51,013
- Reserves -€14,833
down €14,833 (-93.5%), from €15,860 to €1,027
- Debts after one year -€10,639
no longer reported in 2025 (was €10,639)
- Tax, wage and social debts +€6,466
up €6,466 (+76.4%), from €8,459 to €14,925
- Trade debts -€4,752
down €4,752 (-26.3%), from €18,035 to €13,283
- Staff costs -€6,753
no longer reported in 2025 (was €6,753)
- Gross operating margin +€5,750
up €5,750 (+9.0%), from €63,808 to €69,558
- Taxes +€3,529
up €3,529 (+26.6%), from €13,281 to €16,810
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,470 | €114,260 | -€3,210 | -2.7% |
| Fixed assets | 21/28 | €45,288 | €40,236 | -€5,051 | -11.2% |
| Tangible fixed assets | 22/27 | €42,877 | €37,826 | -€5,051 | -11.8% |
| Plant, machinery and equipment | 23 | €3,355 | €1,851 | -€1,504 | -44.8% |
| Furniture and vehicles | 24 | €873 | €1,908 | +€1,036 | +119% |
| Other tangible fixed assets | 26 | €38,649 | €34,066 | -€4,583 | -11.9% |
| Financial fixed assets | 28 | €2,411 | €2,411 | = | 0.0% |
| Current assets | 29/58 | €72,183 | €74,024 | +€1,841 | +2.6% |
| Amounts receivable after more than one year | 29 | €7,182 | €7,182 | = | 0.0% |
| Other amounts receivable | 291 | €7,182 | €7,182 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,000 | €25,000 | +€15,000 | +150% |
| Stocks | 30/36 | €5,000 | €10,000 | +€5,000 | +100% |
| Contracts in progress | 37 | €5,000 | €15,000 | +€10,000 | +200% |
| Amounts receivable within one year | 40/41 | €45,990 | €38,078 | -€7,913 | -17.2% |
| Trade receivables | 40 | €29,084 | €14,003 | -€15,081 | -51.9% |
| Other amounts receivable | 41 | €16,906 | €24,074 | +€7,168 | +42.4% |
| Cash at bank and in hand | 54/58 | €7,742 | €2,732 | -€5,009 | -64.7% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,032 | -€237 | -18.7% |
| Total equity and liabilities | 10/49 | €117,470 | €114,260 | -€3,210 | -2.7% |
| Equity | 10/15 | €34,460 | €19,627 | -€14,833 | -43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,860 | €1,027 | -€14,833 | -93.5% |
| Distributable reserves | 133 | €15,860 | €1,027 | -€14,833 | -93.5% |
| Amounts payable | 17/49 | €83,010 | €94,633 | +€11,623 | +14.0% |
| Amounts payable after more than one year | 17 | €10,639 | - | -€10,639 | |
| Financial debts | 170/4 | €10,639 | - | -€10,639 | |
| Amounts payable within one year | 42/48 | €72,142 | €94,633 | +€22,491 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €12,105 | €10,639 | -€1,466 | -12.1% |
| Financial debts | 43 | €4,057 | €4,773 | +€716 | +17.7% |
| Credit institutions | 430/8 | €4,057 | €4,773 | +€716 | +17.7% |
| Trade debts | 44 | €18,035 | €13,283 | -€4,752 | -26.3% |
| Suppliers | 440/4 | €18,035 | €13,283 | -€4,752 | -26.3% |
| Taxes, remuneration and social security | 45 | €8,459 | €14,925 | +€6,466 | +76.4% |
| Taxes | 450/3 | €8,459 | €14,925 | +€6,466 | +76.4% |
| Other amounts payable | 47/48 | €29,486 | €51,013 | +€21,527 | +73.0% |
| Accrued charges and deferred income | 492/3 | €229 | - | -€229 | |
| Remuneration, social security and pensions | 62 | €6,753 | - | -€6,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,956 | €6,572 | -€384 | -5.5% |
| Other operating charges | 640/8 | €733 | €752 | +€19 | +2.6% |
| Gross operating margin | 9900 | €63,808 | €69,558 | +€5,750 | +9.0% |
| Operating profit (loss) | 9901 | €49,367 | €62,234 | +€12,868 | +26.1% |
| Financial income | 75/76B | €742 | €1,358 | +€616 | +83.0% |
| Recurring financial income | 75 | €742 | €1,358 | +€616 | +83.0% |
| Financial charges | 65/66B | €2,138 | €1,502 | -€637 | -29.8% |
| Recurring financial charges | 65 | €2,138 | €1,502 | -€637 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €47,971 | €62,091 | +€14,120 | +29.4% |
| Income taxes | 67/77 | €13,281 | €16,810 | +€3,529 | +26.6% |
| Profit (loss) for the period | 9904 | €34,690 | €45,281 | +€10,591 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,690 | €45,281 | +€10,591 | +30.5% |
Next steps
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 2 November 2026 via checked.be.