BEHEER DE DREEF: 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 DE DREEF
Largest movements
- Current investments -€300,198
down €300,198 (-66.6%), from €450,485 to €150,287
- Cash +€234,323
up €234,323 (+134%), from €174,659 to €408,982
mainly Current investments (+€300,198) and Net result for the year (+€254,744)
- Tangible fixed assets -€104,812
down €104,812 (-9.3%), from €1.1m to €1.0m
of which Land and buildings: -€87,809
- Other debts -€312,498
down €312,498 (-72.6%), from €430,238 to €117,740
- Reserves +€169,744
up €169,744 (+19.0%), from €894,060 to €1.1m
of which Distributable reserves: +€169,744
- Depreciation +€18,317
up €18,317 (+20.4%), from €89,795 to €108,112
- Financial charges -€8,492
down €8,492 (-44.4%), from €19,107 to €10,615
- Financial income -€6,724
down €6,724 (-44.5%), from €15,096 to €8,372
- Taxes -€6,678
down €6,678 (-5.3%), from €125,931 to €119,252
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 | €1,759,314 | €1,586,865 | -€172,448 | -9.8% |
| Fixed assets | 21/28 | €1,130,614 | €1,025,803 | -€104,812 | -9.3% |
| Tangible fixed assets | 22/27 | €1,130,614 | €1,025,803 | -€104,812 | -9.3% |
| Land and buildings | 22 | €1,032,268 | €944,459 | -€87,809 | -8.5% |
| Furniture and vehicles | 24 | €98,346 | €81,344 | -€17,003 | -17.3% |
| Current assets | 29/58 | €628,699 | €561,063 | -€67,637 | -10.8% |
| Current investments | 50/53 | €450,485 | €150,287 | -€300,198 | -66.6% |
| Cash at bank and in hand | 54/58 | €174,659 | €408,982 | +€234,323 | +134% |
| Deferred charges and accrued income | 490/1 | €3,555 | €1,794 | -€1,761 | -49.5% |
| Total equity and liabilities | 10/49 | €1,759,314 | €1,586,865 | -€172,448 | -9.8% |
| Equity | 10/15 | €1,242,365 | €1,412,109 | +€169,744 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €894,060 | €1,063,804 | +€169,744 | +19.0% |
| Tax-exempt reserves | 132 | €4,730 | €4,730 | = | 0.0% |
| Distributable reserves | 133 | €889,330 | €1,059,074 | +€169,744 | +19.1% |
| Profit (loss) carried forward | 14 | €329,705 | €329,705 | = | 0.0% |
| Amounts payable | 17/49 | €516,949 | €174,756 | -€342,193 | -66.2% |
| Amounts payable within one year | 42/48 | €504,266 | €174,756 | -€329,510 | -65.3% |
| Trade debts | 44 | €3,180 | €3,227 | +€47 | +1.5% |
| Suppliers | 440/4 | €3,180 | €3,227 | +€47 | +1.5% |
| Taxes, remuneration and social security | 45 | €70,848 | €53,789 | -€17,059 | -24.1% |
| Taxes | 450/3 | €70,848 | €53,789 | -€17,059 | -24.1% |
| Other amounts payable | 47/48 | €430,238 | €117,740 | -€312,498 | -72.6% |
| Accrued charges and deferred income | 492/3 | €12,683 | - | -€12,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,795 | €108,112 | +€18,317 | +20.4% |
| Other operating charges | 640/8 | €54,879 | €56,600 | +€1,721 | +3.1% |
| Gross operating margin | 9900 | €542,020 | €540,951 | -€1,069 | -0.2% |
| Operating profit (loss) | 9901 | €397,346 | €376,239 | -€21,107 | -5.3% |
| Financial income | 75/76B | €15,096 | €8,372 | -€6,724 | -44.5% |
| Recurring financial income | 75 | €15,096 | €8,372 | -€6,724 | -44.5% |
| Financial charges | 65/66B | €19,107 | €10,615 | -€8,492 | -44.4% |
| Recurring financial charges | 65 | €19,107 | €10,615 | -€8,492 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €393,335 | €373,997 | -€19,338 | -4.9% |
| Income taxes | 67/77 | €125,931 | €119,252 | -€6,678 | -5.3% |
| Profit (loss) for the period | 9904 | €267,404 | €254,744 | -€12,660 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €267,404 | €254,744 | -€12,660 | -4.7% |
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 20 October 2026 via checked.be.