V.H. BEHEER: what changed
What changed
V.H. BEHEER
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1,057
2024 · €60,077-€59,020
Equity
€11.4m
2024 · €11.4m+€1,057
Cash
€643,243
2024 · €515,861+€127,382
Balance sheet total
€17.8m
2024 · €17.6m+€159,462
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€251,736
up €251,736 (+8.3%), from €3.0m to €3.3m
Income statement
- Financial income -€500,699
down €500,699 (-87.8%), from €570,378 to €69,678
- Turnover +€224,972
up €224,972 (+13.0%), from €1.7m to €2.0m
- Services and other goods -€122,964
down €122,964 (-16.6%), from €739,915 to €616,951
- Goods and materials -€78,098
down €78,098 (-11.6%), from €674,892 to €596,794
- Staff costs -€44,603
down €44,603 (-8.9%), from €498,460 to €453,857
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€60,077
Turnover
+€224,972
Other operating income
+€1,143
Goods and materials
+€78,098
Services and other goods
+€122,964
Staff costs
+€44,603
Depreciation
-€9,650
Other operating charges
-€503
Other operating items
+€3,500
Financial income
-€500,699
Financial charges
-€23,587
Taxes
+€139
Result 2025
€1,057
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€180,039
Investment
-€52,658
Financing
€0
Cash 2024
€515,861
From operations (derived)
+€180,039
Net result for the year
+€1,057
Depreciation
+€31,890
Receivables within one year
-€10,852
Deferred charges and accrued income
-€461
Trade debts
-€90,560
Tax, wage and social debts
-€2,771
Other debts
+€251,736
Investment (derived)
-€52,658
Investment in fixed assets (net)
-€52,658
Cash 2025
€643,243
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,631,554 | €17,791,016 | +€159,462 | +0.9% |
| Fixed assets | 21/28 | €14,467,570 | €14,488,338 | +€20,767 | +0.1% |
| Intangible fixed assets | 21 | €20,795 | €8,995 | -€11,800 | -56.7% |
| Tangible fixed assets | 22/27 | €58,908 | €91,475 | +€32,567 | +55.3% |
| Furniture and vehicles | 24 | €46,296 | €80,225 | +€33,930 | +73.3% |
| Other tangible fixed assets | 26 | €12,612 | €11,250 | -€1,362 | -10.8% |
| Financial fixed assets | 28 | €14,387,868 | €14,387,868 | = | 0.0% |
| Affiliated companies | 280/1 | €14,387,868 | €14,387,868 | = | 0.0% |
| Participating interests | 280 | €14,387,868 | €14,387,868 | = | 0.0% |
| Current assets | 29/58 | €3,163,983 | €3,302,678 | +€138,695 | +4.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,647,495 | €2,658,347 | +€10,852 | +0.4% |
| Trade receivables | 40 | €178,845 | €346,440 | +€167,595 | +93.7% |
| Other amounts receivable | 41 | €2,468,650 | €2,311,907 | -€156,743 | -6.3% |
| Cash at bank and in hand | 54/58 | €515,861 | €643,243 | +€127,382 | +24.7% |
| Deferred charges and accrued income | 490/1 | €627 | €1,088 | +€461 | +73.5% |
| Total equity and liabilities | 10/49 | €17,631,554 | €17,791,016 | +€159,462 | +0.9% |
| Equity | 10/15 | €11,392,312 | €11,393,369 | +€1,057 | 0.0% |
| Contributions | 10/11 | €6,961,000 | €6,961,000 | = | 0.0% |
| Capital | 10 | €6,961,000 | €6,961,000 | = | 0.0% |
| Issued capital | 100 | €6,961,000 | €6,961,000 | = | 0.0% |
| Reserves | 13 | €3,071,312 | €3,072,369 | +€1,057 | 0.0% |
| Non-distributable reserves | 130/1 | €696,100 | €696,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €696,100 | €696,100 | = | 0.0% |
| Distributable reserves | 133 | €2,375,212 | €2,376,269 | +€1,057 | 0.0% |
| Profit (loss) carried forward | 14 | €1,360,000 | €1,360,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,239,242 | €6,397,647 | +€158,405 | +2.5% |
| Amounts payable after more than one year | 17 | €2,980,200 | €2,980,200 | = | 0.0% |
| Financial debts | 170/4 | €2,980,200 | €2,980,200 | = | 0.0% |
| Other loans | 174 | €2,980,200 | €2,980,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,259,042 | €3,417,447 | +€158,405 | +4.9% |
| Trade debts | 44 | €110,601 | €20,041 | -€90,560 | -81.9% |
| Suppliers | 440/4 | €110,601 | €20,041 | -€90,560 | -81.9% |
| Taxes, remuneration and social security | 45 | €114,772 | €112,002 | -€2,771 | -2.4% |
| Taxes | 450/3 | €26,354 | €26,003 | -€350 | -1.3% |
| Remuneration and social security | 454/9 | €88,419 | €85,998 | -€2,420 | -2.7% |
| Other amounts payable | 47/48 | €3,033,668 | €3,285,404 | +€251,736 | +8.3% |
| Operating income | 70/76A | €1,745,479 | €1,975,094 | +€229,616 | +13.2% |
| Turnover | 70 | €1,728,988 | €1,953,960 | +€224,972 | +13.0% |
| Other operating income | 74 | €16,491 | €17,635 | +€1,143 | +6.9% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Operating charges | 60/66A | €1,937,479 | €1,701,968 | -€235,511 | -12.2% |
| Goods for resale, raw materials and consumables | 60 | €674,892 | €596,794 | -€78,098 | -11.6% |
| Purchases | 600/8 | €674,892 | €596,794 | -€78,098 | -11.6% |
| Services and other goods | 61 | €739,915 | €616,951 | -€122,964 | -16.6% |
| Remuneration, social security and pensions | 62 | €498,460 | €453,857 | -€44,603 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,240 | €31,890 | +€9,650 | +43.4% |
| Other operating charges | 640/8 | €1,973 | €2,477 | +€503 | +25.5% |
| Operating profit (loss) | 9901 | -€192,000 | €273,126 | +€465,127 | |
| Financial income | 75/76B | €570,378 | €69,678 | -€500,699 | -87.8% |
| Recurring financial income | 75 | €570,378 | €69,678 | -€500,699 | -87.8% |
| Income from financial fixed assets | 750 | €500,000 | €0 | -€500,000 | -100% |
| Income from current assets | 751 | €49,351 | €48,260 | -€1,092 | -2.2% |
| Other financial income | 752/9 | €21,026 | €21,419 | +€392 | +1.9% |
| Financial charges | 65/66B | €317,820 | €341,406 | +€23,587 | +7.4% |
| Recurring financial charges | 65 | €317,820 | €341,406 | +€23,587 | +7.4% |
| Debt charges | 650 | €316,957 | €340,668 | +€23,711 | +7.5% |
| Other financial charges | 652/9 | €862 | €739 | -€124 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €60,558 | €1,398 | -€59,160 | -97.7% |
| Income taxes | 67/77 | €481 | €341 | -€139 | -29.0% |
| Taxes | 670/3 | €481 | €341 | -€139 | -29.0% |
| Profit (loss) for the period | 9904 | €60,077 | €1,057 | -€59,020 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,077 | €1,057 | -€59,020 | -98.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.