Beheer-VE: 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.
Beheer-VE
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€44,276
down €44,276 (-27.4%), from €161,555 to €117,279
mainly Current investments (-€120,000) and Other debts (-€45,603)
- Tangible fixed assets -€22,605
down €22,605 (-24.7%), from €91,470 to €68,865
- Reserves +€84,778
up €84,778 (+63.6%), from €133,270 to €218,048
- Other debts -€45,603
down €45,603 (-83.2%), from €54,839 to €9,237
- Tax, wage and social debts +€13,499
up €13,499 (+22.9%), from €58,905 to €72,404
- Gross operating margin +€8,331
up €8,331 (+6.1%), from €135,834 to €144,164
- Taxes +€2,280
up €2,280 (+7.3%), from €31,095 to €33,375
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 | €253,025 | €306,144 | +€53,119 | +21.0% |
| Fixed assets | 21/28 | €91,470 | €68,865 | -€22,605 | -24.7% |
| Tangible fixed assets | 22/27 | €91,470 | €68,865 | -€22,605 | -24.7% |
| Furniture and vehicles | 24 | €91,470 | €68,865 | -€22,605 | -24.7% |
| Current assets | 29/58 | €161,555 | €237,279 | +€75,724 | +46.9% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €161,555 | €117,279 | -€44,276 | -27.4% |
| Total equity and liabilities | 10/49 | €253,025 | €306,144 | +€53,119 | +21.0% |
| Equity | 10/15 | €136,870 | €221,648 | +€84,778 | +61.9% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €133,270 | €218,048 | +€84,778 | +63.6% |
| Distributable reserves | 133 | €133,270 | €218,048 | +€84,778 | +63.6% |
| Amounts payable | 17/49 | €116,155 | €84,495 | -€31,659 | -27.3% |
| Amounts payable within one year | 42/48 | €113,953 | €82,227 | -€31,726 | -27.8% |
| Trade debts | 44 | €209 | €586 | +€378 | +181.2% |
| Suppliers | 440/4 | €209 | €586 | +€378 | +181.2% |
| Taxes, remuneration and social security | 45 | €58,905 | €72,404 | +€13,499 | +22.9% |
| Taxes | 450/3 | €58,905 | €72,404 | +€13,499 | +22.9% |
| Other amounts payable | 47/48 | €54,839 | €9,237 | -€45,603 | -83.2% |
| Accrued charges and deferred income | 492/3 | €2,202 | €2,268 | +€67 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,555 | €22,605 | +€1,050 | +4.9% |
| Other operating charges | 640/8 | €970 | €1,091 | +€121 | +12.5% |
| Gross operating margin | 9900 | €135,834 | €144,164 | +€8,331 | +6.1% |
| Operating profit (loss) | 9901 | €113,309 | €120,469 | +€7,160 | +6.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €2,250 | €2,315 | +€65 | +2.9% |
| Recurring financial charges | 65 | €2,250 | €2,315 | +€65 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €111,059 | €118,153 | +€7,095 | +6.4% |
| Income taxes | 67/77 | €31,095 | €33,375 | +€2,280 | +7.3% |
| Profit (loss) for the period | 9904 | €79,963 | €84,778 | +€4,815 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,963 | €84,778 | +€4,815 | +6.0% |
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 5 October 2026 via checked.be.