P & P 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.
P & P BEHEER
Largest movements
- Cash +€30,792
up €30,792 (+513%), from €5,999 to €36,791
mainly Net result for the year (+€12,308) and Depreciation (+€9,894)
- Tangible fixed assets -€7,244
down €7,244 (-2.7%), from €271,258 to €264,014
of which Land and buildings: -€9,840
- Reserves +€12,308
up €12,308 (+17.2%), from €71,694 to €84,002
- Other debts +€5,560
up €5,560 (+5.2%), from €107,606 to €113,166
- Tax, wage and social debts +€5,304
up €5,304 (+187%), from €2,833 to €8,137
- Financial charges -€619
down €619 (-15.7%), from €3,932 to €3,313
- Gross operating margin -€444
down €444 (-1.2%), from €38,057 to €37,613
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 | €281,133 | €304,305 | +€23,172 | +8.2% |
| Fixed assets | 21/28 | €271,258 | €264,014 | -€7,244 | -2.7% |
| Tangible fixed assets | 22/27 | €271,258 | €264,014 | -€7,244 | -2.7% |
| Land and buildings | 22 | €271,258 | €261,418 | -€9,840 | -3.6% |
| Plant, machinery and equipment | 23 | - | €2,596 | +€2,596 | |
| Current assets | 29/58 | €9,875 | €40,291 | +€30,416 | +308% |
| Amounts receivable within one year | 40/41 | €376 | €0 | -€376 | -100% |
| Trade receivables | 40 | €376 | €0 | -€376 | -100% |
| Cash at bank and in hand | 54/58 | €5,999 | €36,791 | +€30,792 | +513% |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €281,133 | €304,305 | +€23,172 | +8.2% |
| Equity | 10/15 | €91,694 | €104,002 | +€12,308 | +13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €71,694 | €84,002 | +€12,308 | +17.2% |
| Distributable reserves | 133 | €71,694 | €84,002 | +€12,308 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €189,439 | €200,303 | +€10,864 | +5.7% |
| Amounts payable after more than one year | 17 | €79,000 | €79,000 | = | 0.0% |
| Financial debts | 170/4 | €79,000 | €79,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,439 | €121,303 | +€10,864 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,833 | €8,137 | +€5,304 | +187% |
| Taxes | 450/3 | €2,833 | €8,137 | +€5,304 | +187% |
| Other amounts payable | 47/48 | €107,606 | €113,166 | +€5,560 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,840 | €9,894 | +€54 | +0.5% |
| Other operating charges | 640/8 | €5,760 | €5,939 | +€179 | +3.1% |
| Gross operating margin | 9900 | €38,057 | €37,613 | -€444 | -1.2% |
| Operating profit (loss) | 9901 | €22,457 | €21,780 | -€677 | -3.0% |
| Financial charges | 65/66B | €3,932 | €3,313 | -€619 | -15.7% |
| Recurring financial charges | 65 | €3,932 | €3,313 | -€619 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €18,525 | €18,467 | -€58 | -0.3% |
| Income taxes | 67/77 | €5,978 | €6,159 | +€181 | +3.0% |
| Profit (loss) for the period | 9904 | €12,547 | €12,308 | -€239 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,547 | €12,308 | -€239 | -1.9% |
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 26 October 2026 via checked.be.