BAILY 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.
BAILY BEHEER
Largest movements
- Cash +€2.6m
up €2.6m (+166%), from €1.5m to €4.1m
mainly Current investments (+€1.5m) and Debts after one year (+€893,695)
- Current investments -€1.5m
down €1.5m (-13.9%), from €10.9m to €9.4m
- Receivables within one year +€845,706
up €845,706 (+164%), from €514,746 to €1.4m
of which Other amounts receivable: +€986,712
- Deferred charges and accrued income -€566,967
down €566,967 (-97.4%), from €582,018 to €15,051
- Receivables after one year -€500,000
down €500,000 (-7.7%), from €6.5m to €6.0m
- Debts after one year +€893,695
up €893,695 (+3.5%), from €25.6m to €26.5m
- Short-term financial debts -€323,339
no longer reported in 2025 (was €323,339)
- Financial income +€537,339
up €537,339 (+82.7%), from €649,616 to €1.2m
- Gross operating margin -€393,869
down €393,869 (-29.8%), from €1.3m to €928,900
- Financial charges -€350,615
down €350,615 (-25.0%), from €1.4m to €1.1m
- Taxes -€25,820
down €25,820 (-50.8%), from €50,820 to €25,000
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 | €29,699,530 | €30,299,313 | +€599,784 | +2.0% |
| Fixed assets | 21/28 | €9,614,108 | €9,402,030 | -€212,077 | -2.2% |
| Tangible fixed assets | 22/27 | €4,665,933 | €4,453,856 | -€212,077 | -4.5% |
| Land and buildings | 22 | €4,523,608 | €4,328,524 | -€195,084 | -4.3% |
| Plant, machinery and equipment | 23 | €142,325 | €125,332 | -€16,993 | -11.9% |
| Financial fixed assets | 28 | €4,948,175 | €4,948,175 | = | 0.0% |
| Current assets | 29/58 | €20,085,422 | €20,897,283 | +€811,861 | +4.0% |
| Amounts receivable after more than one year | 29 | €6,500,000 | €6,000,000 | -€500,000 | -7.7% |
| Other amounts receivable | 291 | €6,500,000 | €6,000,000 | -€500,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €514,746 | €1,360,452 | +€845,706 | +164% |
| Trade receivables | 40 | €179,539 | €38,533 | -€141,006 | -78.5% |
| Other amounts receivable | 41 | €335,207 | €1,321,919 | +€986,712 | +294% |
| Current investments | 50/53 | €10,949,700 | €9,425,572 | -€1.5m | -13.9% |
| Cash at bank and in hand | 54/58 | €1,538,959 | €4,096,208 | +€2.6m | +166% |
| Deferred charges and accrued income | 490/1 | €582,018 | €15,051 | -€566,967 | -97.4% |
| Total equity and liabilities | 10/49 | €29,699,530 | €30,299,313 | +€599,784 | +2.0% |
| Equity | 10/15 | €3,447,331 | €3,686,066 | +€238,735 | +6.9% |
| Contributions | 10/11 | €2,525,000 | €2,525,000 | = | 0.0% |
| Reserves | 13 | €922,331 | €1,161,066 | +€238,735 | +25.9% |
| Distributable reserves | 133 | €922,331 | €1,161,066 | +€238,735 | +25.9% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Environmental obligations | 163 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €26,246,198 | €26,607,247 | +€361,049 | +1.4% |
| Amounts payable after more than one year | 17 | €25,604,302 | €26,497,997 | +€893,695 | +3.5% |
| Financial debts | 170/4 | €25,604,302 | €26,497,997 | +€893,695 | +3.5% |
| Amounts payable within one year | 42/48 | €635,855 | €102,300 | -€533,555 | -83.9% |
| Financial debts | 43 | €323,339 | - | -€323,339 | |
| Credit institutions | 430/8 | €323,339 | - | -€323,339 | |
| Trade debts | 44 | €49,412 | €62,679 | +€13,266 | +26.8% |
| Suppliers | 440/4 | €49,412 | €62,679 | +€13,266 | +26.8% |
| Advances received on contracts in progress | 46 | €125,000 | - | -€125,000 | |
| Taxes, remuneration and social security | 45 | €136,510 | €39,622 | -€96,888 | -71.0% |
| Taxes | 450/3 | €106,556 | €20,245 | -€86,311 | -81.0% |
| Remuneration and social security | 454/9 | €29,954 | €19,377 | -€10,577 | -35.3% |
| Other amounts payable | 47/48 | €1,594 | - | -€1,594 | |
| Accrued charges and deferred income | 492/3 | €6,042 | €6,950 | +€908 | +15.0% |
| Remuneration, social security and pensions | 62 | €549,024 | €560,006 | +€10,982 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,114 | €227,118 | +€3,004 | +1.3% |
| Other operating charges | 640/8 | €11,944 | €12,330 | +€386 | +3.2% |
| Gross operating margin | 9900 | €1,322,769 | €928,900 | -€393,869 | -29.8% |
| Operating profit (loss) | 9901 | €537,688 | €129,447 | -€408,241 | -75.9% |
| Financial income | 75/76B | €649,616 | €1,186,955 | +€537,339 | +82.7% |
| Recurring financial income | 75 | €649,616 | €1,186,955 | +€537,339 | +82.7% |
| Financial charges | 65/66B | €1,403,283 | €1,052,667 | -€350,615 | -25.0% |
| Recurring financial charges | 65 | €1,403,283 | €1,052,667 | -€350,615 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€215,979 | €263,735 | +€479,713 | |
| Income taxes | 67/77 | €50,820 | €25,000 | -€25,820 | -50.8% |
| Profit (loss) for the period | 9904 | -€266,799 | €238,735 | +€505,533 | |
| Profit (loss) for the period to be appropriated | 9905 | -€266,799 | €238,735 | +€505,533 |
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 21 October 2026 via checked.be.