A-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.
A-BEHEER
Largest movements
- Intangible fixed assets -€50,000
down €50,000 (-39.8%), from €125,753 to €75,753
- Cash -€30,637
down €30,637 (-44.8%), from €68,426 to €37,790
mainly Debts after one year (-€164,611) and Investment in fixed assets (net) (-€2,609)
- Receivables within one year -€17,747
down €17,747 (-50.9%), from €34,867 to €17,121
of which Trade receivables: -€19,778
- Tangible fixed assets -€11,893
down €11,893 (-3.2%), from €377,152 to €365,260
of which Land and buildings: -€6,551
- Debts after one year -€164,611
down €164,611 (-33.6%), from €490,432 to €325,821
- Trade debts +€42,315
up €42,315 (+3,514%), from €1,204 to €43,519
- Reserves +€14,029
up €14,029 (+17.3%), from €81,322 to €95,351
- Gross operating margin +€10,463
up €10,463 (+7.5%), from €138,813 to €149,276
- Staff costs -€3,679
down €3,679 (-6.0%), from €60,990 to €57,311
- Taxes +€3,322
up €3,322 (+179%), from €1,856 to €5,178
- Financial income -€2,410
down €2,410 (-85.4%), from €2,822 to €412
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,649 | €499,389 | -€110,261 | -18.1% |
| Fixed assets | 21/28 | €502,906 | €441,013 | -€61,893 | -12.3% |
| Intangible fixed assets | 21 | €125,753 | €75,753 | -€50,000 | -39.8% |
| Tangible fixed assets | 22/27 | €377,152 | €365,260 | -€11,893 | -3.2% |
| Land and buildings | 22 | €343,812 | €337,261 | -€6,551 | -1.9% |
| Plant, machinery and equipment | 23 | €1,489 | €667 | -€822 | -55.2% |
| Furniture and vehicles | 24 | €31,851 | €27,332 | -€4,520 | -14.2% |
| Current assets | 29/58 | €106,744 | €58,376 | -€48,368 | -45.3% |
| Amounts receivable within one year | 40/41 | €34,867 | €17,121 | -€17,747 | -50.9% |
| Trade receivables | 40 | €32,578 | €12,800 | -€19,778 | -60.7% |
| Other amounts receivable | 41 | €2,290 | €4,321 | +€2,031 | +88.7% |
| Cash at bank and in hand | 54/58 | €68,426 | €37,790 | -€30,637 | -44.8% |
| Deferred charges and accrued income | 490/1 | €3,450 | €3,465 | +€16 | +0.5% |
| Total equity and liabilities | 10/49 | €609,649 | €499,389 | -€110,261 | -18.1% |
| Equity | 10/15 | €86,322 | €100,351 | +€14,029 | +16.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,322 | €95,351 | +€14,029 | +17.3% |
| Distributable reserves | 133 | €81,322 | €95,351 | +€14,029 | +17.3% |
| Amounts payable | 17/49 | €523,327 | €399,037 | -€124,290 | -23.7% |
| Amounts payable after more than one year | 17 | €490,432 | €325,821 | -€164,611 | -33.6% |
| Financial debts | 170/4 | €490,432 | €325,821 | -€164,611 | -33.6% |
| Amounts payable within one year | 42/48 | €30,120 | €70,918 | +€40,798 | +135% |
| Current portion of amounts payable after more than one year | 42 | €16,617 | €14,611 | -€2,006 | -12.1% |
| Trade debts | 44 | €1,204 | €43,519 | +€42,315 | +3,514% |
| Suppliers | 440/4 | €1,204 | €43,519 | +€42,315 | +3,514% |
| Taxes, remuneration and social security | 45 | €11,866 | €12,463 | +€597 | +5.0% |
| Taxes | 450/3 | €2,344 | €1,107 | -€1,237 | -52.8% |
| Remuneration and social security | 454/9 | €9,522 | €11,356 | +€1,834 | +19.3% |
| Other amounts payable | 47/48 | €432 | €324 | -€108 | -24.9% |
| Accrued charges and deferred income | 492/3 | €2,775 | €2,299 | -€477 | -17.2% |
| Remuneration, social security and pensions | 62 | €60,990 | €57,311 | -€3,679 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,716 | €64,501 | -€214 | -0.3% |
| Other operating charges | 640/8 | €1,257 | €1,295 | +€38 | +3.0% |
| Gross operating margin | 9900 | €138,813 | €149,276 | +€10,463 | +7.5% |
| Operating profit (loss) | 9901 | €11,851 | €26,169 | +€14,318 | +121% |
| Financial income | 75/76B | €2,822 | €412 | -€2,410 | -85.4% |
| Recurring financial income | 75 | €2,822 | €412 | -€2,410 | -85.4% |
| Financial charges | 65/66B | €7,854 | €7,375 | -€479 | -6.1% |
| Recurring financial charges | 65 | €7,854 | €7,375 | -€479 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €6,820 | €19,207 | +€12,387 | +182% |
| Income taxes | 67/77 | €1,856 | €5,178 | +€3,322 | +179% |
| Profit (loss) for the period | 9904 | €4,964 | €14,029 | +€9,066 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €4,964 | €14,029 | +€9,066 | +183% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.