BEHATELLO: what changed
Two fiscal 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.
What changed
BEHATELLO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12,903
2024 · €33,591-€46,494
Equity
-€181,350
2024 · -€168,447-€12,903
Cash
€68,943
2024 · €118,758-€49,815
Balance sheet total
€7.8m
2024 · €6.8m+€1.0m
Largest movements
Assets
- Receivables after one year +€710,000
up €710,000 (+21.8%), from €3.3m to €4.0m
- Tangible fixed assets +€372,418
up €372,418 (+13.0%), from €2.9m to €3.2m
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+14.8%), from €6.8m to €7.8m
Income statement
- Gross operating margin -€24,429
down €24,429 (-10.1%), from €242,169 to €217,740
- Depreciation +€11,868
up €11,868 (+8.3%), from €142,740 to €154,607
- Other operating charges +€7,564
up €7,564 (+17.7%), from €42,675 to €50,239
- Financial charges +€2,628
up €2,628 (+11.3%), from €23,168 to €25,796
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.
Result 2024
€33,591
Gross operating margin
-€24,429
Depreciation
-€11,868
Other operating charges
-€7,564
Financial income
-€4
Financial charges
-€2,628
Result 2025
-€12,903
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.
From operations
-€550,671
Investment
-€527,025
Financing
+€1.0m
Cash 2024
€118,758
From operations (derived)
-€550,671
Net result for the year
-€12,903
Depreciation
+€154,607
Receivables after one year
-€710,000
Receivables within one year
+€2,842
Smaller working-capital items
+€1,762
Advances received
+€2,730
Accrued charges and deferred income
+€10,290
Investment (derived)
-€527,025
Investment in fixed assets (net)
-€527,025
Financing
+€1.0m
Debts after one year
+€1.0m
Current portion of long-term debt
+€17,393
Cash 2025
€68,943
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,773,217 | €7,800,545 | +€1.0m | +15.2% |
| Fixed assets | 21/28 | €3,389,046 | €3,761,464 | +€372,418 | +11.0% |
| Tangible fixed assets | 22/27 | €2,872,046 | €3,244,464 | +€372,418 | +13.0% |
| Land and buildings | 22 | €2,872,046 | €3,244,464 | +€372,418 | +13.0% |
| Financial fixed assets | 28 | €517,000 | €517,000 | = | 0.0% |
| Current assets | 29/58 | €3,384,171 | €4,039,081 | +€654,910 | +19.4% |
| Amounts receivable after more than one year | 29 | €3,258,442 | €3,968,442 | +€710,000 | +21.8% |
| Other amounts receivable | 291 | €3,258,442 | €3,968,442 | +€710,000 | +21.8% |
| Amounts receivable within one year | 40/41 | €4,538 | €1,696 | -€2,842 | -62.6% |
| Trade receivables | 40 | €2,842 | - | -€2,842 | |
| Other amounts receivable | 41 | €1,696 | €1,696 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,758 | €68,943 | -€49,815 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,432 | - | -€2,432 | |
| Total equity and liabilities | 10/49 | €6,773,217 | €7,800,545 | +€1.0m | +15.2% |
| Equity | 10/15 | -€168,447 | -€181,350 | -€12,903 | -7.7% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€618,447 | -€631,350 | -€12,903 | -2.1% |
| Amounts payable | 17/49 | €6,941,664 | €7,981,895 | +€1.0m | +15.0% |
| Amounts payable after more than one year | 17 | €6,806,891 | €7,817,379 | +€1.0m | +14.8% |
| Financial debts | 170/4 | €6,806,891 | €7,817,379 | +€1.0m | +14.8% |
| Amounts payable within one year | 42/48 | €128,498 | €147,951 | +€19,453 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €89,539 | €106,932 | +€17,393 | +19.4% |
| Trade debts | 44 | - | €387 | +€387 | |
| Suppliers | 440/4 | - | €387 | +€387 | |
| Advances received on contracts in progress | 46 | €17,940 | €20,670 | +€2,730 | +15.2% |
| Other amounts payable | 47/48 | €21,020 | €19,963 | -€1,057 | -5.0% |
| Accrued charges and deferred income | 492/3 | €6,275 | €16,565 | +€10,290 | +164.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,740 | €154,607 | +€11,868 | +8.3% |
| Other operating charges | 640/8 | €42,675 | €50,239 | +€7,564 | +17.7% |
| Gross operating margin | 9900 | €242,169 | €217,740 | -€24,429 | -10.1% |
| Operating profit (loss) | 9901 | €56,755 | €12,893 | -€43,861 | -77.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €23,168 | €25,796 | +€2,628 | +11.3% |
| Recurring financial charges | 65 | €23,168 | €25,796 | +€2,628 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €33,591 | -€12,903 | -€46,494 | |
| Profit (loss) for the period | 9904 | €33,591 | -€12,903 | -€46,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,591 | -€12,903 | -€46,494 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.