AC BEHEER: what changed
What changed
AC BEHEER
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €295,134+€1.0m
Equity
€2.3m
2024 · €986,630+€1.3m
Cash
€472,399
2024 · €27,144+€445,255
Balance sheet total
€4.6m
2024 · €3.2m+€1.3m
Largest movements
Assets
- Receivables within one year +€668,181
up €668,181 (+2,721%), from €24,553 to €692,734
of which Other amounts receivable: +€510,734
- Receivables after one year +€450,000
new in 2025: €450,000
- Cash +€445,255
up €445,255 (+1,640%), from €27,144 to €472,399
mainly Net result for the year (+€1.3m) and Depreciation (+€170,300)
- Financial fixed assets -€425,000
no longer reported in 2025 (was €425,000)
- Tangible fixed assets +€201,289
up €201,289 (+7.4%), from €2.7m to €2.9m
of which Furniture and vehicles: +€101,740
Equity and liabilities
- Profit (loss) carried forward +€1.4m
up €1.4m (+184%), from €734,283 to €2.1m
- Debts after one year -€146,023
down €146,023 (-8.4%), from €1.7m to €1.6m
of which Financial debts: -€146,023
- Tax, wage and social debts +€59,191
up €59,191 (+2,700%), from €2,192 to €61,383
of which Taxes: +€61,234
Income statement
- Financial income +€1.2m
up €1.2m (+18,399%), from €6,545 to €1.2m
- Gross operating margin -€245,406
down €245,406 (-32.8%), from €747,745 to €502,340
- Depreciation -€73,619
down €73,619 (-30.2%), from €243,919 to €170,300
- Taxes +€35,991
up €35,991 (+159%), from €22,626 to €58,617
- Other operating charges +€28,892
up €28,892 (+75.7%), from €38,182 to €67,074
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.
Result 2024
€295,134
Gross operating margin
-€245,406
Depreciation
+€73,619
Other operating charges
-€28,892
Other operating items
-€223
Financial income
+€1.2m
Financial charges
+€1,694
Taxes
-€35,991
Deferred taxes and other
+€79,164
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€507,499
Investment
+€47,520
Financing
-€109,764
Cash 2024
€27,144
From operations (derived)
+€507,499
Net result for the year
+€1.3m
Depreciation
+€170,300
Receivables after one year
-€450,000
Receivables within one year
-€668,181
Smaller working-capital items
-€5,475
Trade debts
+€14,377
Tax, wage and social debts
+€59,191
Other debts
+€27,801
Accrued charges and deferred income
+€16,230
Investment (derived)
+€47,520
Investment in fixed assets (net)
+€47,520
Financing
-€109,764
Debts after one year
-€146,023
Current portion of long-term debt
+€36,259
Cash 2025
€472,399
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,215,926 | €4,563,873 | +€1.3m | +41.9% |
| Fixed assets | 21/28 | €3,161,214 | €2,943,395 | -€217,819 | -6.9% |
| Intangible fixed assets | 21 | - | €5,891 | +€5,891 | |
| Tangible fixed assets | 22/27 | €2,736,214 | €2,937,503 | +€201,289 | +7.4% |
| Plant, machinery and equipment | 23 | €1,288 | €19,658 | +€18,369 | +1,426% |
| Furniture and vehicles | 24 | - | €101,740 | +€101,740 | |
| Other tangible fixed assets | 26 | €2,734,926 | €2,816,106 | +€81,180 | +3.0% |
| Financial fixed assets | 28 | €425,000 | - | -€425,000 | |
| Current assets | 29/58 | €54,712 | €1,620,479 | +€1.6m | +2,862% |
| Amounts receivable after more than one year | 29 | - | €450,000 | +€450,000 | |
| Other amounts receivable | 291 | - | €450,000 | +€450,000 | |
| Amounts receivable within one year | 40/41 | €24,553 | €692,734 | +€668,181 | +2,721% |
| Trade receivables | 40 | €7,000 | €164,447 | +€157,447 | +2,249% |
| Other amounts receivable | 41 | €17,553 | €528,286 | +€510,734 | +2,910% |
| Cash at bank and in hand | 54/58 | €27,144 | €472,399 | +€445,255 | +1,640% |
| Deferred charges and accrued income | 490/1 | €3,015 | €5,346 | +€2,331 | +77.3% |
| Total equity and liabilities | 10/49 | €3,215,926 | €4,563,873 | +€1.3m | +41.9% |
| Equity | 10/15 | €986,630 | €2,329,886 | +€1.3m | +136% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €232,348 | €225,202 | -€7,145 | -3.1% |
| Tax-exempt reserves | 132 | €230,348 | €223,202 | -€7,145 | -3.1% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €734,283 | €2,084,684 | +€1.4m | +184% |
| Provisions and deferred taxes | 16 | €288,846 | €285,703 | -€3,143 | -1.1% |
| Provisions for liabilities and charges | 160/5 | €212,064 | €211,302 | -€762 | -0.4% |
| Pensions and similar obligations | 160 | €95,757 | €95,757 | = | 0.0% |
| Other liabilities and charges | 164/5 | €116,306 | €115,545 | -€762 | -0.7% |
| Deferred taxes | 168 | €76,783 | €74,401 | -€2,382 | -3.1% |
| Amounts payable | 17/49 | €1,940,449 | €1,948,285 | +€7,835 | +0.4% |
| Amounts payable after more than one year | 17 | €1,729,213 | €1,583,191 | -€146,023 | -8.4% |
| Financial debts | 170/4 | €1,719,213 | €1,573,191 | -€146,023 | -8.5% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,728 | €343,356 | +€137,628 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €163,763 | €200,022 | +€36,259 | +22.1% |
| Trade debts | 44 | €34,709 | €49,086 | +€14,377 | +41.4% |
| Suppliers | 440/4 | €34,709 | €49,086 | +€14,377 | +41.4% |
| Taxes, remuneration and social security | 45 | €2,192 | €61,383 | +€59,191 | +2,700% |
| Taxes | 450/3 | €148 | €61,383 | +€61,234 | +41,291% |
| Remuneration and social security | 454/9 | €2,044 | - | -€2,044 | |
| Other amounts payable | 47/48 | €5,064 | €32,865 | +€27,801 | +549% |
| Accrued charges and deferred income | 492/3 | €5,508 | €21,738 | +€16,230 | +295% |
| Non-recurring operating income | 76A | €314,393 | - | -€314,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,919 | €170,300 | -€73,619 | -30.2% |
| Other operating charges | 640/8 | €38,182 | €67,074 | +€28,892 | +75.7% |
| Non-recurring operating charges | 66A | - | €223 | +€223 | |
| Gross operating margin | 9900 | €747,745 | €502,340 | -€245,406 | -32.8% |
| Operating profit (loss) | 9901 | €465,645 | €264,744 | -€200,901 | -43.1% |
| Financial income | 75/76B | €6,545 | €1,210,700 | +€1.2m | +18,399% |
| Recurring financial income | 75 | €6,545 | €1,210,700 | +€1.2m | +18,399% |
| Financial charges | 65/66B | €77,646 | €75,952 | -€1,694 | -2.2% |
| Recurring financial charges | 65 | €77,481 | €75,952 | -€1,528 | -2.0% |
| Non-recurring financial charges | 66B | €165 | - | -€165 | |
| Profit (loss) for the period before taxes | 9903 | €394,543 | €1,399,491 | +€1.0m | +255% |
| Transfer from deferred taxes | 780 | €1,816 | €2,382 | +€566 | +31.2% |
| Transfer to deferred taxes | 680 | €78,598 | - | -€78,598 | |
| Income taxes | 67/77 | €22,626 | €58,617 | +€35,991 | +159% |
| Profit (loss) for the period | 9904 | €295,134 | €1,343,256 | +€1.0m | +355% |
| Transfer from tax-exempt reserves | 789 | €5,447 | €7,145 | +€1,698 | +31.2% |
| Transfer to tax-exempt reserves | 689 | €235,794 | - | -€235,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,787 | €1,350,401 | +€1.3m | +1,984% |
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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 5 November 2026 via checked.be.