BEH²: 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.
BEH²
Largest movements
- Intangible fixed assets -€374,369
down €374,369 (-11.8%), from €3.2m to €2.8m
- Deferred charges and accrued income +€129,657
up €129,657 (+18.1%), from €716,777 to €846,433
- Cash -€121,332
down €121,332 (-45.4%), from €267,116 to €145,783
mainly Contributions, distributions and other (-€570,000) and Debts after one year (-€352,851)
- Current investments +€50,000
new in 2025: €50,000
- Debts after one year -€352,851
down €352,851 (-11.6%), from €3.0m to €2.7m
- Other debts +€68,724
up €68,724 (+13.7%), from €501,276 to €570,000
- Gross operating margin -€794,553
down €794,553 (-27.7%), from €2.9m to €2.1m
- Staff costs -€545,185
down €545,185 (-35.4%), from €1.5m to €993,295
- Depreciation -€188,556
down €188,556 (-33.3%), from €565,979 to €377,423
- Financial charges -€101,247
down €101,247 (-45.9%), from €220,460 to €119,214
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.
Cash bridge derived
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 | €4,181,382 | €3,862,284 | -€319,098 | -7.6% |
| Fixed assets | 21/28 | €3,197,490 | €2,820,067 | -€377,423 | -11.8% |
| Intangible fixed assets | 21 | €3,184,193 | €2,809,824 | -€374,369 | -11.8% |
| Tangible fixed assets | 22/27 | €13,297 | €10,243 | -€3,054 | -23.0% |
| Furniture and vehicles | 24 | €13,297 | €10,243 | -€3,054 | -23.0% |
| Current assets | 29/58 | €983,892 | €1,042,217 | +€58,325 | +5.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €267,116 | €145,783 | -€121,332 | -45.4% |
| Deferred charges and accrued income | 490/1 | €716,777 | €846,433 | +€129,657 | +18.1% |
| Total equity and liabilities | 10/49 | €4,181,382 | €3,862,284 | -€319,098 | -7.6% |
| Equity | 10/15 | €20,508 | €20,969 | +€460 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €508 | €969 | +€460 | +90.6% |
| Amounts payable | 17/49 | €4,160,874 | €3,841,315 | -€319,558 | -7.7% |
| Amounts payable after more than one year | 17 | €3,045,034 | €2,692,183 | -€352,851 | -11.6% |
| Financial debts | 170/4 | €3,045,034 | €2,692,183 | -€352,851 | -11.6% |
| Amounts payable within one year | 42/48 | €1,012,199 | €1,081,010 | +€68,811 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €345,189 | €352,851 | +€7,662 | +2.2% |
| Financial debts | 43 | €9,282 | - | -€9,282 | |
| Credit institutions | 430/8 | €9,282 | - | -€9,282 | |
| Trade debts | 44 | €4,183 | €5,491 | +€1,308 | +31.3% |
| Suppliers | 440/4 | €4,183 | €5,491 | +€1,308 | +31.3% |
| Taxes, remuneration and social security | 45 | €152,270 | €152,668 | +€399 | +0.3% |
| Taxes | 450/3 | €45,328 | €22,356 | -€22,973 | -50.7% |
| Remuneration and social security | 454/9 | €106,941 | €130,313 | +€23,371 | +21.9% |
| Other amounts payable | 47/48 | €501,276 | €570,000 | +€68,724 | +13.7% |
| Accrued charges and deferred income | 492/3 | €103,641 | €68,122 | -€35,518 | -34.3% |
| Remuneration, social security and pensions | 62 | €1,538,480 | €993,295 | -€545,185 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565,979 | €377,423 | -€188,556 | -33.3% |
| Other operating charges | 640/8 | €1,227 | €1,008 | -€219 | -17.9% |
| Non-recurring operating charges | 66A | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €2,867,517 | €2,072,964 | -€794,553 | -27.7% |
| Operating profit (loss) | 9901 | €759,331 | €701,239 | -€58,092 | -7.7% |
| Financial income | 75/76B | €2,545 | €3,320 | +€775 | +30.4% |
| Recurring financial income | 75 | €2,545 | €3,320 | +€775 | +30.4% |
| Financial charges | 65/66B | €220,460 | €119,214 | -€101,247 | -45.9% |
| Recurring financial charges | 65 | €220,460 | €119,214 | -€101,247 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €541,416 | €585,345 | +€43,930 | +8.1% |
| Income taxes | 67/77 | €39,632 | €14,885 | -€24,747 | -62.4% |
| Profit (loss) for the period | 9904 | €501,784 | €570,460 | +€68,676 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €501,784 | €570,460 | +€68,676 | +13.7% |
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 11 October 2026 via checked.be.