BEHEER AM: 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.
BEHEER AM
Largest movements
- Cash -€314,802
down €314,802 (-88.8%), from €354,570 to €39,768
mainly Stocks and contracts (-€228,445) and Short-term financial debts (-€50,000)
- Stocks and contracts +€228,445
up €228,445 (+63.3%), from €360,675 to €589,120
- Tangible fixed assets -€51,155
down €51,155 (-4.0%), from €1.3m to €1.2m
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts -€30,823
down €30,823 (-80.0%), from €38,512 to €7,688
- Reserves -€30,068
down €30,068 (-7.6%), from €393,914 to €363,846
of which Tax-exempt reserves: -€76,567
- Provisions -€25,522
down €25,522 (-24.9%), from €102,498 to €76,976
- Gross operating margin -€231,549
down €231,549 (-90.7%), from €255,368 to €23,819
- Taxes -€15,687
down €15,687 (-41.0%), from €38,257 to €22,570
- Financial charges -€6,328
down €6,328 (-56.4%), from €11,222 to €4,894
- Other operating charges +€2,922
up €2,922 (+37.3%), from €7,837 to €10,759
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 | €2,408,548 | €2,263,101 | -€145,447 | -6.0% |
| Fixed assets | 21/28 | €1,284,684 | €1,233,529 | -€51,155 | -4.0% |
| Tangible fixed assets | 22/27 | €1,284,684 | €1,233,529 | -€51,155 | -4.0% |
| Land and buildings | 22 | €1,284,684 | €1,233,529 | -€51,155 | -4.0% |
| Current assets | 29/58 | €1,123,864 | €1,029,572 | -€94,292 | -8.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €360,675 | €589,120 | +€228,445 | +63.3% |
| Stocks | 30/36 | €360,675 | €589,120 | +€228,445 | +63.3% |
| Amounts receivable within one year | 40/41 | €404,293 | €395,943 | -€8,349 | -2.1% |
| Other amounts receivable | 41 | €404,293 | €395,943 | -€8,349 | -2.1% |
| Cash at bank and in hand | 54/58 | €354,570 | €39,768 | -€314,802 | -88.8% |
| Deferred charges and accrued income | 490/1 | €4,326 | €4,740 | +€414 | +9.6% |
| Total equity and liabilities | 10/49 | €2,408,548 | €2,263,101 | -€145,447 | -6.0% |
| Equity | 10/15 | €1,274,514 | €1,244,446 | -€30,068 | -2.4% |
| Contributions | 10/11 | €880,600 | €880,600 | = | 0.0% |
| Reserves | 13 | €393,914 | €363,846 | -€30,068 | -7.6% |
| Tax-exempt reserves | 132 | €307,495 | €230,928 | -€76,567 | -24.9% |
| Distributable reserves | 133 | €86,419 | €132,918 | +€46,499 | +53.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €102,498 | €76,976 | -€25,522 | -24.9% |
| Deferred taxes | 168 | €102,498 | €76,976 | -€25,522 | -24.9% |
| Amounts payable | 17/49 | €1,031,536 | €941,679 | -€89,857 | -8.7% |
| Amounts payable after more than one year | 17 | €818,766 | €804,644 | -€14,122 | -1.7% |
| Financial debts | 170/4 | €818,766 | €804,644 | -€14,122 | -1.7% |
| Amounts payable within one year | 42/48 | €209,657 | €133,796 | -€75,861 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €13,434 | €14,122 | +€688 | +5.1% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €4,842 | €10,143 | +€5,301 | +109% |
| Suppliers | 440/4 | €4,842 | €10,143 | +€5,301 | +109% |
| Taxes, remuneration and social security | 45 | €38,512 | €7,688 | -€30,823 | -80.0% |
| Taxes | 450/3 | €38,512 | €7,688 | -€30,823 | -80.0% |
| Other amounts payable | 47/48 | €102,869 | €101,843 | -€1,027 | -1.0% |
| Accrued charges and deferred income | 492/3 | €3,113 | €3,239 | +€126 | +4.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,615 | €41,982 | -€1,633 | -3.7% |
| Other operating charges | 640/8 | €7,837 | €10,759 | +€2,922 | +37.3% |
| Gross operating margin | 9900 | €255,368 | €23,819 | -€231,549 | -90.7% |
| Operating profit (loss) | 9901 | €203,916 | -€28,922 | -€232,837 | |
| Financial income | 75/76B | €15 | €795 | +€781 | +5,332% |
| Recurring financial income | 75 | €15 | €795 | +€781 | +5,332% |
| Financial charges | 65/66B | €11,222 | €4,894 | -€6,328 | -56.4% |
| Recurring financial charges | 65 | €11,222 | €4,894 | -€6,328 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €192,708 | -€33,020 | -€225,728 | |
| Transfer from deferred taxes | 780 | €821 | €25,522 | +€24,701 | +3,009% |
| Income taxes | 67/77 | €38,257 | €22,570 | -€15,687 | -41.0% |
| Profit (loss) for the period | 9904 | €155,273 | -€30,068 | -€185,340 | |
| Transfer from tax-exempt reserves | 789 | €2,463 | €76,567 | +€74,104 | +3,009% |
| Profit (loss) for the period to be appropriated | 9905 | €157,735 | €46,499 | -€111,236 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.