D & R BEHEER: 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.
D & R BEHEER
Largest movements
- Tangible fixed assets -€25,892
down €25,892 (-6.3%), from €410,526 to €384,634
of which Furniture and vehicles: -€16,910
- Cash -€15,717
down €15,717 (-15.4%), from €102,157 to €86,440
mainly Other debts (-€42,830) and Tax, wage and social debts (-€2,961)
- Other debts -€42,830
down €42,830 (-82.2%), from €52,116 to €9,287
- Gross operating margin -€7,584
down €7,584 (-17.3%), from €43,880 to €36,295
- Taxes -€2,612
down €2,612 (-40.7%), from €6,419 to €3,807
- Depreciation +€1,563
up €1,563 (+5.9%), from €26,567 to €28,130
- Financial charges -€848
down €848 (-26.1%), from €3,248 to €2,400
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 | €518,634 | €473,912 | -€44,722 | -8.6% |
| Fixed assets | 21/28 | €410,526 | €384,634 | -€25,892 | -6.3% |
| Tangible fixed assets | 22/27 | €410,526 | €384,634 | -€25,892 | -6.3% |
| Land and buildings | 22 | €331,175 | €321,329 | -€9,846 | -3.0% |
| Plant, machinery and equipment | 23 | €31,554 | €32,418 | +€864 | +2.7% |
| Furniture and vehicles | 24 | €47,797 | €30,887 | -€16,910 | -35.4% |
| Current assets | 29/58 | €108,108 | €89,278 | -€18,830 | -17.4% |
| Amounts receivable within one year | 40/41 | €1,042 | €1,968 | +€926 | +88.9% |
| Trade receivables | 40 | €169 | €865 | +€696 | +412% |
| Other amounts receivable | 41 | €873 | €1,103 | +€230 | +26.4% |
| Cash at bank and in hand | 54/58 | €102,157 | €86,440 | -€15,717 | -15.4% |
| Deferred charges and accrued income | 490/1 | €4,910 | €870 | -€4,040 | -82.3% |
| Total equity and liabilities | 10/49 | €518,634 | €473,912 | -€44,722 | -8.6% |
| Equity | 10/15 | €394,732 | €397,947 | +€3,215 | +0.8% |
| Contributions | 10/11 | €118,989 | €118,989 | = | 0.0% |
| Capital | 10 | €118,989 | €118,989 | = | 0.0% |
| Issued capital | 100 | €118,989 | €118,989 | = | 0.0% |
| Reserves | 13 | €275,743 | €278,958 | +€3,215 | +1.2% |
| Non-distributable reserves | 130/1 | €11,900 | €11,900 | = | 0.0% |
| Legal reserve | 130 | €11,900 | €11,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,366 | €155,618 | -€4,747 | -3.0% |
| Distributable reserves | 133 | €103,477 | €111,439 | +€7,962 | +7.7% |
| Provisions and deferred taxes | 16 | €67,362 | €65,368 | -€1,994 | -3.0% |
| Deferred taxes | 168 | €67,362 | €65,368 | -€1,994 | -3.0% |
| Amounts payable | 17/49 | €56,541 | €10,598 | -€45,943 | -81.3% |
| Amounts payable within one year | 42/48 | €56,277 | €10,334 | -€45,943 | -81.6% |
| Trade debts | 44 | €152 | - | -€152 | |
| Suppliers | 440/4 | €152 | - | -€152 | |
| Taxes, remuneration and social security | 45 | €4,008 | €1,048 | -€2,961 | -73.9% |
| Taxes | 450/3 | €4,008 | €1,048 | -€2,961 | -73.9% |
| Other amounts payable | 47/48 | €52,116 | €9,287 | -€42,830 | -82.2% |
| Accrued charges and deferred income | 492/3 | €264 | €264 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €67 | - | -€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,567 | €28,130 | +€1,563 | +5.9% |
| Other operating charges | 640/8 | €763 | €738 | -€25 | -3.3% |
| Gross operating margin | 9900 | €43,880 | €36,295 | -€7,584 | -17.3% |
| Operating profit (loss) | 9901 | €16,482 | €7,427 | -€9,055 | -54.9% |
| Financial income | 75/76B | €1 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €3,248 | €2,400 | -€848 | -26.1% |
| Recurring financial charges | 65 | €3,248 | €2,400 | -€848 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €13,236 | €5,028 | -€8,208 | -62.0% |
| Transfer from deferred taxes | 780 | €1,994 | €1,994 | = | 0.0% |
| Income taxes | 67/77 | €6,419 | €3,807 | -€2,612 | -40.7% |
| Profit (loss) for the period | 9904 | €8,811 | €3,215 | -€5,596 | -63.5% |
| Transfer from tax-exempt reserves | 789 | €4,747 | €4,747 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,558 | €7,962 | -€5,596 | -41.3% |
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 19 October 2026 via checked.be.