AS - 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.
AS - BEHEER
Largest movements
- Current investments +€135,585
up €135,585 (+78.3%), from €173,077 to €308,662
- Receivables within one year -€125,003
down €125,003 (-72.8%), from €171,687 to €46,684
of which Other amounts receivable: -€125,003
- Reserves +€63,000
up €63,000 (+17.9%), from €351,500 to €414,500
- Other debts -€52,900
down €52,900 (-97.1%), from €54,500 to €1,600
- Gross operating margin -€10,230
down €10,230 (-10.8%), from €94,417 to €84,187
- Financial income +€5,112
up €5,112 (+156%), from €3,279 to €8,391
- Taxes -€1,207
down €1,207 (-4.7%), from €25,566 to €24,359
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 | €422,981 | €432,365 | +€9,384 | +2.2% |
| Fixed assets | 21/28 | €54,048 | €52,357 | -€1,691 | -3.1% |
| Tangible fixed assets | 22/27 | €54,048 | €52,357 | -€1,691 | -3.1% |
| Land and buildings | 22 | €52,588 | €51,811 | -€777 | -1.5% |
| Plant, machinery and equipment | 23 | €1,460 | €546 | -€914 | -62.6% |
| Current assets | 29/58 | €368,933 | €380,008 | +€11,075 | +3.0% |
| Amounts receivable within one year | 40/41 | €171,687 | €46,684 | -€125,003 | -72.8% |
| Trade receivables | 40 | €204 | €204 | = | 0.0% |
| Other amounts receivable | 41 | €171,483 | €46,480 | -€125,003 | -72.9% |
| Current investments | 50/53 | €173,077 | €308,662 | +€135,585 | +78.3% |
| Cash at bank and in hand | 54/58 | €23,836 | €24,662 | +€826 | +3.5% |
| Deferred charges and accrued income | 490/1 | €333 | - | -€333 | |
| Total equity and liabilities | 10/49 | €422,981 | €432,365 | +€9,384 | +2.2% |
| Equity | 10/15 | €352,533 | €415,316 | +€62,783 | +17.8% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €351,500 | €414,500 | +€63,000 | +17.9% |
| Distributable reserves | 133 | €351,500 | €414,500 | +€63,000 | +17.9% |
| Profit (loss) carried forward | 14 | €433 | €216 | -€217 | -50.1% |
| Amounts payable | 17/49 | €70,448 | €17,049 | -€53,399 | -75.8% |
| Amounts payable within one year | 42/48 | €70,448 | €17,049 | -€53,399 | -75.8% |
| Trade debts | 44 | €2,572 | €2,085 | -€487 | -18.9% |
| Suppliers | 440/4 | €2,572 | €2,085 | -€487 | -18.9% |
| Taxes, remuneration and social security | 45 | €13,376 | €13,364 | -€12 | -0.1% |
| Taxes | 450/3 | €13,376 | €13,364 | -€12 | -0.1% |
| Other amounts payable | 47/48 | €54,500 | €1,600 | -€52,900 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,949 | €1,691 | -€258 | -13.2% |
| Other operating charges | 640/8 | €1,547 | €1,401 | -€146 | -9.4% |
| Gross operating margin | 9900 | €94,417 | €84,187 | -€10,230 | -10.8% |
| Operating profit (loss) | 9901 | €90,921 | €81,095 | -€9,826 | -10.8% |
| Financial income | 75/76B | €3,279 | €8,391 | +€5,112 | +156% |
| Recurring financial income | 75 | €3,279 | €8,391 | +€5,112 | +156% |
| Financial charges | 65/66B | €858 | €744 | -€114 | -13.3% |
| Recurring financial charges | 65 | €858 | €744 | -€114 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €93,342 | €88,742 | -€4,600 | -4.9% |
| Income taxes | 67/77 | €25,566 | €24,359 | -€1,207 | -4.7% |
| Profit (loss) for the period | 9904 | €67,776 | €64,383 | -€3,393 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,776 | €64,383 | -€3,393 | -5.0% |
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 18 October 2026 via checked.be.