AMJ 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.
What changed
AMJ BEHEER
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€67,367
2024 · €67,477-€110
Equity
€527,169
2024 · €514,668+€12,501
Cash
€42,463
2024 · €45,719-€3,256
Balance sheet total
€639,680
2024 · €601,979+€37,701
Largest movements
Assets
- Receivables within one year +€45,788
up €45,788 (+23.3%), from €196,923 to €242,711
of which Other amounts receivable: +€44,998
Equity and liabilities
- Other debts +€60,000
new in 2025: €60,000
- Tax, wage and social debts -€34,716
down €34,716 (-73.0%), from €47,588 to €12,872
- Profit (loss) carried forward +€12,501
up €12,501 (+2.5%), from €506,608 to €519,109
Income statement
- Gross operating margin -€21,425
down €21,425 (-19.5%), from €109,737 to €88,312
- Taxes -€20,533
down €20,533 (-52.1%), from €39,404 to €18,871
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.
Result 2024
€67,477
Gross operating margin
-€21,425
Other operating charges
-€100
Financial income
+€365
Financial charges
+€517
Taxes
+€20,533
Result 2025
€67,367
raises the resultlowers the result
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.
From operations
+€51,066
Investment
-€1
Financing
-€54,321
Cash 2024
€45,719
From operations (derived)
+€51,066
Net result for the year
+€67,367
Depreciation
+€5,197
Receivables within one year
-€45,788
Deferred charges and accrued income
-€365
Trade debts
+€369
Tax, wage and social debts
-€34,716
Other debts
+€60,000
Accrued charges and deferred income
-€998
Investment (derived)
-€1
Investment in fixed assets (net)
-€1
Financing
-€54,321
Short-term financial debts
+€545
Contributions, distributions and other
-€54,866
Cash 2025
€42,463
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,979 | €639,680 | +€37,701 | +6.3% |
| Fixed assets | 21/28 | €340,001 | €334,805 | -€5,196 | -1.5% |
| Tangible fixed assets | 22/27 | €90,001 | €84,805 | -€5,196 | -5.8% |
| Land and buildings | 22 | €89,330 | €84,335 | -€4,995 | -5.6% |
| Furniture and vehicles | 24 | €671 | €470 | -€201 | -30.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €261,978 | €304,875 | +€42,897 | +16.4% |
| Amounts receivable within one year | 40/41 | €196,923 | €242,711 | +€45,788 | +23.3% |
| Trade receivables | 40 | €24,406 | €25,196 | +€790 | +3.2% |
| Other amounts receivable | 41 | €172,517 | €217,515 | +€44,998 | +26.1% |
| Cash at bank and in hand | 54/58 | €45,719 | €42,463 | -€3,256 | -7.1% |
| Deferred charges and accrued income | 490/1 | €19,336 | €19,701 | +€365 | +1.9% |
| Total equity and liabilities | 10/49 | €601,979 | €639,680 | +€37,701 | +6.3% |
| Equity | 10/15 | €514,668 | €527,169 | +€12,501 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €506,608 | €519,109 | +€12,501 | +2.5% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €67,311 | €92,511 | +€25,200 | +37.4% |
| Amounts payable within one year | 42/48 | €66,313 | €92,511 | +€26,198 | +39.5% |
| Financial debts | 43 | €14,110 | €14,655 | +€545 | +3.9% |
| Credit institutions | 430/8 | €14,110 | €14,655 | +€545 | +3.9% |
| Trade debts | 44 | €4,615 | €4,984 | +€369 | +8.0% |
| Suppliers | 440/4 | €4,615 | €4,984 | +€369 | +8.0% |
| Taxes, remuneration and social security | 45 | €47,588 | €12,872 | -€34,716 | -73.0% |
| Taxes | 450/3 | €47,588 | €12,872 | -€34,716 | -73.0% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | €998 | - | -€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,197 | €5,197 | = | 0.0% |
| Other operating charges | 640/8 | €1,936 | €2,036 | +€100 | +5.2% |
| Gross operating margin | 9900 | €109,737 | €88,312 | -€21,425 | -19.5% |
| Operating profit (loss) | 9901 | €102,604 | €81,079 | -€21,525 | -21.0% |
| Financial income | 75/76B | €10,036 | €10,401 | +€365 | +3.6% |
| Recurring financial income | 75 | €10,036 | €10,401 | +€365 | +3.6% |
| Financial charges | 65/66B | €5,759 | €5,242 | -€517 | -9.0% |
| Recurring financial charges | 65 | €5,759 | €5,242 | -€517 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €106,881 | €86,238 | -€20,643 | -19.3% |
| Income taxes | 67/77 | €39,404 | €18,871 | -€20,533 | -52.1% |
| Profit (loss) for the period | 9904 | €67,477 | €67,367 | -€110 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,477 | €67,367 | -€110 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.