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
- Current investments +€70,440
up €70,440 (+3.4%), from €2.1m to €2.1m
- Cash -€66,408
down €66,408 (-52.0%), from €127,770 to €61,362
mainly Debts after one year (-€750,000) and Current investments (-€70,440)
- Tangible fixed assets -€44,099
down €44,099 (-4.9%), from €901,160 to €857,061
of which Land and buildings: -€25,084
- Debts after one year -€750,000
down €750,000 (-100%), from €750,000 to €0
- Current portion of long-term debt +€750,000
new in 2025: €750,000
- Financial income -€362,658
down €362,658 (-88.6%), from €409,481 to €46,823
- Gross operating margin -€39,761
down €39,761 (-99.0%), from €40,150 to €389
- Taxes -€37,461
down €37,461, from €36,642 to -€819
- Other operating charges +€1,711
up €1,711 (+49.5%), from €3,455 to €5,166
- Financial charges +€565
up €565 (+4.7%), from €12,090 to €12,655
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 | €3,103,309 | €3,065,843 | -€37,466 | -1.2% |
| Fixed assets | 21/28 | €909,159 | €863,062 | -€46,097 | -5.1% |
| Intangible fixed assets | 21 | €8,000 | €6,001 | -€1,998 | -25.0% |
| Tangible fixed assets | 22/27 | €901,160 | €857,061 | -€44,099 | -4.9% |
| Land and buildings | 22 | €825,227 | €800,144 | -€25,084 | -3.0% |
| Plant, machinery and equipment | 23 | €12 | €0 | -€12 | -100% |
| Furniture and vehicles | 24 | €75,920 | €56,918 | -€19,003 | -25.0% |
| Current assets | 29/58 | €2,194,150 | €2,202,780 | +€8,631 | +0.4% |
| Amounts receivable within one year | 40/41 | €7,254 | €11,383 | +€4,130 | +56.9% |
| Other amounts receivable | 41 | €7,254 | €11,383 | +€4,130 | +56.9% |
| Current investments | 50/53 | €2,057,137 | €2,127,576 | +€70,440 | +3.4% |
| Cash at bank and in hand | 54/58 | €127,770 | €61,362 | -€66,408 | -52.0% |
| Deferred charges and accrued income | 490/1 | €1,990 | €2,458 | +€469 | +23.6% |
| Total equity and liabilities | 10/49 | €3,103,309 | €3,065,843 | -€37,466 | -1.2% |
| Equity | 10/15 | €2,190,071 | €2,168,017 | -€22,054 | -1.0% |
| Contributions | 10/11 | €37,192 | €37,192 | = | 0.0% |
| Reserves | 13 | €2,118,087 | €2,118,087 | = | 0.0% |
| Distributable reserves | 133 | €2,118,087 | €2,118,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,792 | €12,738 | -€22,054 | -63.4% |
| Amounts payable | 17/49 | €913,238 | €897,826 | -€15,413 | -1.7% |
| Amounts payable after more than one year | 17 | €750,000 | €0 | -€750,000 | -100% |
| Financial debts | 170/4 | €750,000 | €0 | -€750,000 | -100% |
| Amounts payable within one year | 42/48 | €163,238 | €897,826 | +€734,588 | +450% |
| Current portion of amounts payable after more than one year | 42 | - | €750,000 | +€750,000 | |
| Trade debts | 44 | €1,871 | €5,860 | +€3,989 | +213% |
| Suppliers | 440/4 | €1,871 | €5,860 | +€3,989 | +213% |
| Taxes, remuneration and social security | 45 | €30,180 | €30,674 | +€494 | +1.6% |
| Taxes | 450/3 | €30,180 | €30,674 | +€494 | +1.6% |
| Other amounts payable | 47/48 | €131,187 | €111,292 | -€19,895 | -15.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,100 | €52,263 | +€163 | +0.3% |
| Other operating charges | 640/8 | €3,455 | €5,166 | +€1,711 | +49.5% |
| Gross operating margin | 9900 | €40,150 | €389 | -€39,761 | -99.0% |
| Operating profit (loss) | 9901 | -€15,404 | -€57,040 | -€41,636 | -270% |
| Financial income | 75/76B | €409,481 | €46,823 | -€362,658 | -88.6% |
| Recurring financial income | 75 | €409,481 | €46,823 | -€362,658 | -88.6% |
| Financial charges | 65/66B | €12,090 | €12,655 | +€565 | +4.7% |
| Recurring financial charges | 65 | €12,090 | €12,655 | +€565 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €381,986 | -€22,873 | -€404,859 | |
| Income taxes | 67/77 | €36,642 | -€819 | -€37,461 | |
| Profit (loss) for the period | 9904 | €345,344 | -€22,054 | -€367,397 | |
| Profit (loss) for the period to be appropriated | 9905 | €345,344 | -€22,054 | -€367,397 |
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 21 October 2026 via checked.be.