NICK 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.
NICK BEHEER
Largest movements
- Financial fixed assets +€350,000
up €350,000 (+134%), from €261,500 to €611,500
- Receivables after one year -€248,909
down €248,909 (-75.6%), from €329,230 to €80,322
- Current investments -€144,624
down €144,624 (-52.7%), from €274,624 to €130,000
- Cash -€124,396
down €124,396 (-91.3%), from €136,226 to €11,830
mainly Investment in fixed assets (net) (-€350,000) and Contributions, distributions and other (-€283,062)
- Receivables within one year +€28,622
up €28,622 (+34.2%), from €83,631 to €112,252
of which Other amounts receivable: +€30,185
- Reserves -€123,799
down €123,799 (-11.8%), from €1.1m to €927,074
of which Distributable reserves: -€123,799
- Gross operating margin -€85,877
down €85,877 (-79.3%), from €108,330 to €22,454
- Taxes -€18,110
down €18,110 (-29.7%), from €61,060 to €42,950
- Financial income -€17,035
down €17,035 (-7.4%), from €230,405 to €213,370
- Financial charges +€14,937
up €14,937 (+115%), from €12,989 to €27,926
- Other operating charges -€5,483
down €5,483 (-83.1%), from €6,600 to €1,118
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 | €1,125,908 | €994,394 | -€131,514 | -11.7% |
| Fixed assets | 21/28 | €292,979 | €639,752 | +€346,773 | +118% |
| Tangible fixed assets | 22/27 | €31,479 | €28,252 | -€3,227 | -10.3% |
| Furniture and vehicles | 24 | €3,323 | €96 | -€3,227 | -97.1% |
| Other tangible fixed assets | 26 | €28,156 | €28,156 | = | 0.0% |
| Financial fixed assets | 28 | €261,500 | €611,500 | +€350,000 | +134% |
| Current assets | 29/58 | €832,929 | €354,642 | -€478,287 | -57.4% |
| Amounts receivable after more than one year | 29 | €329,230 | €80,322 | -€248,909 | -75.6% |
| Other amounts receivable | 291 | €329,230 | €80,322 | -€248,909 | -75.6% |
| Amounts receivable within one year | 40/41 | €83,631 | €112,252 | +€28,622 | +34.2% |
| Trade receivables | 40 | €51,828 | €50,265 | -€1,563 | -3.0% |
| Other amounts receivable | 41 | €31,803 | €61,987 | +€30,185 | +94.9% |
| Current investments | 50/53 | €274,624 | €130,000 | -€144,624 | -52.7% |
| Cash at bank and in hand | 54/58 | €136,226 | €11,830 | -€124,396 | -91.3% |
| Deferred charges and accrued income | 490/1 | €9,218 | €20,238 | +€11,020 | +120% |
| Total equity and liabilities | 10/49 | €1,125,908 | €994,394 | -€131,514 | -11.7% |
| Equity | 10/15 | €1,069,723 | €945,924 | -€123,799 | -11.6% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Reserves | 13 | €1,050,873 | €927,074 | -€123,799 | -11.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,050,873 | €927,074 | -€123,799 | -11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,185 | €48,470 | -€7,715 | -13.7% |
| Amounts payable within one year | 42/48 | €55,645 | €47,975 | -€7,670 | -13.8% |
| Trade debts | 44 | €15,383 | €7,627 | -€7,757 | -50.4% |
| Suppliers | 440/4 | €15,383 | €7,627 | -€7,757 | -50.4% |
| Advances received on contracts in progress | 46 | €256 | €0 | -€256 | -100% |
| Taxes, remuneration and social security | 45 | €40,006 | €40,348 | +€342 | +0.9% |
| Taxes | 450/3 | €40,006 | €40,348 | +€342 | +0.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €540 | €495 | -€45 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,378 | €3,227 | -€150 | -4.5% |
| Other operating charges | 640/8 | €6,600 | €1,118 | -€5,483 | -83.1% |
| Non-recurring operating charges | 66A | - | €1,341 | +€1,341 | |
| Gross operating margin | 9900 | €108,330 | €22,454 | -€85,877 | -79.3% |
| Operating profit (loss) | 9901 | €98,353 | €16,768 | -€81,585 | -83.0% |
| Financial income | 75/76B | €230,405 | €213,370 | -€17,035 | -7.4% |
| Recurring financial income | 75 | €230,405 | €213,370 | -€17,035 | -7.4% |
| Financial charges | 65/66B | €12,989 | €27,926 | +€14,937 | +115% |
| Recurring financial charges | 65 | €12,989 | €27,926 | +€14,937 | +115% |
| Profit (loss) for the period before taxes | 9903 | €315,769 | €202,212 | -€113,557 | -36.0% |
| Income taxes | 67/77 | €61,060 | €42,950 | -€18,110 | -29.7% |
| Profit (loss) for the period | 9904 | €254,709 | €159,263 | -€95,446 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €254,709 | €159,263 | -€95,446 | -37.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.