Baver 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.
Baver Beheer
Largest movements
- Financial fixed assets -€477,856
down €477,856 (-2.6%), from €18.7m to €18.2m
- Cash -€321,829
down €321,829 (-41.7%), from €771,148 to €449,318
mainly Contributions, distributions and other (-€3.3m) and Tax, wage and social debts (-€17,621)
- Contributions -€3.3m
down €3.3m (-98.1%), from €3.3m to €62,000
- Other debts +€1.9m
up €1.9m (+3,013%), from €64,093 to €2.0m
- Reserves +€377,691
up €377,691 (+11.7%), from €3.2m to €3.6m
of which Distributable reserves: +€377,691
- Financial charges +€78,092
up €78,092 (+379%), from €20,620 to €98,711
- Financial income +€75,465
up €75,465 (+11.6%), from €651,235 to €726,700
- Taxes +€44,277
up €44,277 (+27.4%), from €161,723 to €206,000
- Gross operating margin +€12,704
up €12,704 (+24.5%), from -€51,830 to -€39,126
- Other operating charges -€631
down €631 (-13.3%), from €4,735 to €4,104
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 | €22,129,372 | €21,150,752 | -€978,620 | -4.4% |
| Fixed assets | 21/28 | €18,674,618 | €18,195,694 | -€478,924 | -2.6% |
| Tangible fixed assets | 22/27 | €2,809 | €1,742 | -€1,068 | -38.0% |
| Furniture and vehicles | 24 | €2,809 | €1,742 | -€1,068 | -38.0% |
| Financial fixed assets | 28 | €18,671,809 | €18,193,952 | -€477,856 | -2.6% |
| Current assets | 29/58 | €3,454,754 | €2,955,058 | -€499,696 | -14.5% |
| Amounts receivable within one year | 40/41 | €154,938 | €155,938 | +€1,000 | +0.6% |
| Other amounts receivable | 41 | €154,938 | €155,938 | +€1,000 | +0.6% |
| Current investments | 50/53 | €2,525,088 | €2,348,637 | -€176,451 | -7.0% |
| Cash at bank and in hand | 54/58 | €771,148 | €449,318 | -€321,829 | -41.7% |
| Deferred charges and accrued income | 490/1 | €3,581 | €1,164 | -€2,417 | -67.5% |
| Total equity and liabilities | 10/49 | €22,129,372 | €21,150,752 | -€978,620 | -4.4% |
| Equity | 10/15 | €22,025,380 | €19,131,530 | -€2.9m | -13.1% |
| Contributions | 10/11 | €3,333,541 | €62,000 | -€3.3m | -98.1% |
| Capital | 10 | €3,333,541 | €62,000 | -€3.3m | -98.1% |
| Issued capital | 100 | €3,333,541 | €62,000 | -€3.3m | -98.1% |
| Reserves | 13 | €3,216,617 | €3,594,308 | +€377,691 | +11.7% |
| Non-distributable reserves | 130/1 | €333,354 | €333,354 | = | 0.0% |
| Legal reserve | 130 | €333,354 | €333,354 | = | 0.0% |
| Distributable reserves | 133 | €2,883,263 | €3,260,954 | +€377,691 | +13.1% |
| Profit (loss) carried forward | 14 | €15,475,222 | €15,475,222 | = | 0.0% |
| Amounts payable | 17/49 | €103,992 | €2,019,222 | +€1.9m | +1,842% |
| Amounts payable within one year | 42/48 | €99,992 | €2,011,579 | +€1.9m | +1,912% |
| Trade debts | 44 | €2,318 | €150 | -€2,168 | -93.5% |
| Suppliers | 440/4 | €2,318 | €150 | -€2,168 | -93.5% |
| Taxes, remuneration and social security | 45 | €33,580 | €15,960 | -€17,621 | -52.5% |
| Taxes | 450/3 | €33,580 | €15,960 | -€17,621 | -52.5% |
| Other amounts payable | 47/48 | €64,093 | €1,995,469 | +€1.9m | +3,013% |
| Accrued charges and deferred income | 492/3 | €4,000 | €7,643 | +€3,643 | +91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €1,068 | = | 0.0% |
| Other operating charges | 640/8 | €4,735 | €4,104 | -€631 | -13.3% |
| Gross operating margin | 9900 | -€51,830 | -€39,126 | +€12,704 | +24.5% |
| Operating profit (loss) | 9901 | -€57,633 | -€44,298 | +€13,335 | +23.1% |
| Financial income | 75/76B | €651,235 | €726,700 | +€75,465 | +11.6% |
| Recurring financial income | 75 | €651,235 | €726,700 | +€75,465 | +11.6% |
| Financial charges | 65/66B | €20,620 | €98,711 | +€78,092 | +379% |
| Recurring financial charges | 65 | €20,620 | €98,711 | +€78,092 | +379% |
| Profit (loss) for the period before taxes | 9903 | €572,982 | €583,691 | +€10,708 | +1.9% |
| Income taxes | 67/77 | €161,723 | €206,000 | +€44,277 | +27.4% |
| Profit (loss) for the period | 9904 | €411,259 | €377,691 | -€33,569 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €411,259 | €377,691 | -€33,569 | -8.2% |
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 23 October 2026 via checked.be.