BEHAEGEL: 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.
BEHAEGEL
Largest movements
- Cash +€58,602
up €58,602 (+127%), from €46,249 to €104,851
mainly Net result for the year (+€52,673) and Depreciation (+€18,400)
- Tangible fixed assets -€18,400
down €18,400 (-4.0%), from €457,227 to €438,827
- Reserves +€52,673
up €52,673 (+123%), from €42,970 to €95,644
of which Distributable reserves: +€52,673
- Debts after one year -€25,729
down €25,729 (-6.1%), from €422,843 to €397,113
- Trade debts +€9,100
new in 2025: €9,100
- Gross operating margin +€75,521
up €75,521 (+341%), from €22,143 to €97,664
- Depreciation -€39,751
down €39,751 (-68.4%), from €58,151 to €18,400
- Taxes +€9,396
up €9,396, from -€51 to €9,345
- Financial charges +€9,377
up €9,377 (+494%), from €1,897 to €11,273
- Other operating charges +€2,321
up €2,321 (+59.3%), from €3,911 to €6,231
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 | €510,583 | €549,309 | +€38,726 | +7.6% |
| Fixed assets | 21/28 | €457,227 | €438,827 | -€18,400 | -4.0% |
| Tangible fixed assets | 22/27 | €457,227 | €438,827 | -€18,400 | -4.0% |
| Other tangible fixed assets | 26 | €457,227 | €438,827 | -€18,400 | -4.0% |
| Current assets | 29/58 | €53,356 | €110,482 | +€57,126 | +107% |
| Amounts receivable within one year | 40/41 | €7,107 | €4,550 | -€2,557 | -36.0% |
| Trade receivables | 40 | €5,000 | €4,550 | -€450 | -9.0% |
| Other amounts receivable | 41 | €2,107 | €0 | -€2,107 | -100% |
| Cash at bank and in hand | 54/58 | €46,249 | €104,851 | +€58,602 | +127% |
| Deferred charges and accrued income | 490/1 | €0 | €1,081 | +€1,081 | |
| Total equity and liabilities | 10/49 | €510,583 | €549,309 | +€38,726 | +7.6% |
| Equity | 10/15 | €48,926 | €101,600 | +€52,673 | +108% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,970 | €95,644 | +€52,673 | +123% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €42,970 | €95,644 | +€52,673 | +123% |
| Profit (loss) carried forward | 14 | -€12,644 | -€12,644 | = | 0.0% |
| Amounts payable | 17/49 | €461,656 | €447,709 | -€13,947 | -3.0% |
| Amounts payable after more than one year | 17 | €422,843 | €397,113 | -€25,729 | -6.1% |
| Financial debts | 170/4 | €422,843 | €397,113 | -€25,729 | -6.1% |
| Amounts payable within one year | 42/48 | €37,912 | €49,744 | +€11,833 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €27,157 | €25,729 | -€1,428 | -5.3% |
| Trade debts | 44 | - | €9,100 | +€9,100 | |
| Suppliers | 440/4 | - | €9,100 | +€9,100 | |
| Taxes, remuneration and social security | 45 | €2,441 | €7,282 | +€4,841 | +198% |
| Taxes | 450/3 | €2,441 | €7,282 | +€4,841 | +198% |
| Other amounts payable | 47/48 | €8,313 | €7,634 | -€680 | -8.2% |
| Accrued charges and deferred income | 492/3 | €902 | €852 | -€51 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,151 | €18,400 | -€39,751 | -68.4% |
| Other operating charges | 640/8 | €3,911 | €6,231 | +€2,321 | +59.3% |
| Gross operating margin | 9900 | €22,143 | €97,664 | +€75,521 | +341% |
| Operating profit (loss) | 9901 | -€39,918 | €73,033 | +€112,951 | |
| Financial income | 75/76B | €356 | €259 | -€97 | -27.2% |
| Recurring financial income | 75 | €356 | €259 | -€97 | -27.2% |
| Financial charges | 65/66B | €1,897 | €11,273 | +€9,377 | +494% |
| Recurring financial charges | 65 | €1,897 | €11,273 | +€9,377 | +494% |
| Profit (loss) for the period before taxes | 9903 | -€41,459 | €62,019 | +€103,478 | |
| Income taxes | 67/77 | -€51 | €9,345 | +€9,396 | |
| Profit (loss) for the period | 9904 | -€41,408 | €52,673 | +€94,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,408 | €52,673 | +€94,081 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.