BEHOKO: 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.
What changed
BEHOKO
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,389
2024 · €322,079-€273,689
Equity
€2.3m
2024 · €2.3m-€44,416
Cash
€286,908
2024 · €231,587+€55,321
Balance sheet total
€2.6m
2024 · €2.7m-€90,820
Largest movements
Assets
- Tangible fixed assets -€127,058
down €127,058 (-5.3%), from €2.4m to €2.3m
of which Land and buildings: -€110,584
- Cash +€55,321
up €55,321 (+23.9%), from €231,587 to €286,908
mainly Depreciation (+€133,183) and Other debts (+€92,806)
Equity and liabilities
- Current portion of long-term debt -€94,286
down €94,286 (-91.7%), from €102,857 to €8,571
- Other debts +€92,806
new in 2025: €92,806
- Reserves -€89,956
down €89,956 (-8.3%), from €1.1m to €998,657
of which Tax-exempt reserves: -€47,150
- Profit (loss) carried forward +€45,539
up €45,539 (+3.8%), from €1.2m to €1.2m
Income statement
- Gross operating margin -€432,252
down €432,252 (-62.6%), from €690,211 to €257,959
- Depreciation -€54,339
down €54,339 (-29.0%), from €187,522 to €133,183
- Other operating charges -€8,286
down €8,286 (-14.7%), from €56,319 to €48,032
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
€322,079
Gross operating margin
-€432,252
Staff costs
-€2,445
Depreciation
+€54,339
Other operating charges
+€8,286
Financial income
-€4,725
Financial charges
+€3,251
Taxes
+€5,707
Deferred taxes and other
+€94,149
Result 2025
€48,389
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€257,109
Investment
-€6,125
Financing
-€195,663
Cash 2024
€231,587
From operations (derived)
+€257,109
Net result for the year
+€48,389
Depreciation
+€133,183
Receivables within one year
+€21,682
Deferred charges and accrued income
-€2,600
Provisions
-€15,717
Tax, wage and social debts
-€19,491
Other debts
+€92,806
Accrued charges and deferred income
-€1,144
Investment (derived)
-€6,125
Investment in fixed assets (net)
-€6,125
Financing
-€195,663
Debts after one year
-€8,571
Current portion of long-term debt
-€94,286
Contributions, distributions and other
-€92,806
Cash 2025
€286,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,677,387 | €2,586,567 | -€90,820 | -3.4% |
| Fixed assets | 21/28 | €2,396,840 | €2,269,782 | -€127,058 | -5.3% |
| Tangible fixed assets | 22/27 | €2,396,840 | €2,269,782 | -€127,058 | -5.3% |
| Land and buildings | 22 | €2,280,900 | €2,170,316 | -€110,584 | -4.8% |
| Plant, machinery and equipment | 23 | €115,940 | €98,757 | -€17,183 | -14.8% |
| Furniture and vehicles | 24 | €0 | €709 | +€709 | |
| Current assets | 29/58 | €280,547 | €316,786 | +€36,239 | +12.9% |
| Amounts receivable within one year | 40/41 | €46,198 | €24,516 | -€21,682 | -46.9% |
| Trade receivables | 40 | €7,144 | €11,018 | +€3,875 | +54.2% |
| Other amounts receivable | 41 | €39,054 | €13,497 | -€25,556 | -65.4% |
| Cash at bank and in hand | 54/58 | €231,587 | €286,908 | +€55,321 | +23.9% |
| Deferred charges and accrued income | 490/1 | €2,762 | €5,362 | +€2,600 | +94.1% |
| Total equity and liabilities | 10/49 | €2,677,387 | €2,586,567 | -€90,820 | -3.4% |
| Equity | 10/15 | €2,339,471 | €2,295,054 | -€44,416 | -1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,088,613 | €998,657 | -€89,956 | -8.3% |
| Non-distributable reserves | 130/1 | €260,206 | €217,400 | -€42,806 | -16.5% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €254,006 | €211,200 | -€42,806 | -16.9% |
| Tax-exempt reserves | 132 | €554,324 | €507,174 | -€47,150 | -8.5% |
| Distributable reserves | 133 | €274,083 | €274,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,188,857 | €1,234,397 | +€45,539 | +3.8% |
| Provisions and deferred taxes | 16 | €184,668 | €168,951 | -€15,717 | -8.5% |
| Deferred taxes | 168 | €184,668 | €168,951 | -€15,717 | -8.5% |
| Amounts payable | 17/49 | €153,248 | €122,562 | -€30,687 | -20.0% |
| Amounts payable after more than one year | 17 | €8,571 | - | -€8,571 | |
| Financial debts | 170/4 | €8,571 | - | -€8,571 | |
| Amounts payable within one year | 42/48 | €136,657 | €115,686 | -€20,971 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €102,857 | €8,571 | -€94,286 | -91.7% |
| Taxes, remuneration and social security | 45 | €33,800 | €14,309 | -€19,491 | -57.7% |
| Taxes | 450/3 | €33,800 | €13,755 | -€20,045 | -59.3% |
| Remuneration and social security | 454/9 | - | €554 | +€554 | |
| Other amounts payable | 47/48 | - | €92,806 | +€92,806 | |
| Accrued charges and deferred income | 492/3 | €8,020 | €6,876 | -€1,144 | -14.3% |
| Remuneration, social security and pensions | 62 | - | €2,445 | +€2,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,522 | €133,183 | -€54,339 | -29.0% |
| Other operating charges | 640/8 | €56,319 | €48,032 | -€8,286 | -14.7% |
| Gross operating margin | 9900 | €690,211 | €257,959 | -€432,252 | -62.6% |
| Operating profit (loss) | 9901 | €446,370 | €74,298 | -€372,072 | -83.4% |
| Financial income | 75/76B | €5,966 | €1,242 | -€4,725 | -79.2% |
| Recurring financial income | 75 | €5,966 | €1,242 | -€4,725 | -79.2% |
| Financial charges | 65/66B | €6,055 | €2,804 | -€3,251 | -53.7% |
| Recurring financial charges | 65 | €6,055 | €2,804 | -€3,251 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €446,281 | €72,736 | -€373,545 | -83.7% |
| Transfer from deferred taxes | 780 | €13,963 | €15,717 | +€1,753 | +12.6% |
| Transfer to deferred taxes | 680 | €92,396 | - | -€92,396 | |
| Income taxes | 67/77 | €45,770 | €40,063 | -€5,707 | -12.5% |
| Profit (loss) for the period | 9904 | €322,079 | €48,389 | -€273,689 | -85.0% |
| Transfer from tax-exempt reserves | 789 | €41,570 | €47,150 | +€5,580 | +13.4% |
| Transfer to tax-exempt reserves | 689 | €277,188 | - | -€277,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,460 | €95,539 | +€9,079 | +10.5% |
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 16 October 2026 via checked.be.