V & 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.
What changed
V & P BEHEER
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,362
2024 · €155,921-€154,559
Equity
€2.3m
2024 · €2.3m+€1,362
Cash
€27,573
2024 · €13,142+€14,431
Balance sheet total
€4.4m
2024 · €5.0m-€671,268
Largest movements
Assets
- Receivables within one year -€651,729
down €651,729 (-69.1%), from €942,925 to €291,197
of which Trade receivables: -€934,260
Equity and liabilities
- Other debts -€540,568
down €540,568 (-26.0%), from €2.1m to €1.5m
- Debts after one year -€59,272
down €59,272 (-14.5%), from €408,503 to €349,231
- Tax, wage and social debts -€52,289
down €52,289 (-43.4%), from €120,523 to €68,234
Income statement
- Other operating income -€279,264
down €279,264 (-65.3%), from €427,778 to €148,514
- Taxes -€56,749
down €56,749 (-87.7%), from €64,687 to €7,938
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.
Result 2024
€155,921
Depreciation
+€12,924
Other operating charges
+€16,266
Other operating items
-€244,248
Financial income
-€977
Financial charges
+€4,727
Taxes
+€56,749
Result 2025
€1,362
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€77,609
Investment
-€4,454
Financing
-€58,724
Cash 2024
€13,142
From operations (derived)
+€77,609
Net result for the year
+€1,362
Depreciation
+€36,523
Receivables within one year
+€651,729
Deferred charges and accrued income
+€1,901
Trade debts
-€20,041
Tax, wage and social debts
-€52,289
Smaller working-capital items
-€1,007
Other debts
-€540,568
Investment (derived)
-€4,454
Investment in fixed assets (net)
-€4,454
Financing
-€58,724
Debts after one year
-€59,272
Current portion of long-term debt
+€548
Cash 2025
€27,573
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,034,031 | €4,362,763 | -€671,268 | -13.3% |
| Fixed assets | 21/28 | €4,072,888 | €4,040,819 | -€32,069 | -0.8% |
| Tangible fixed assets | 22/27 | €1,229,689 | €1,197,620 | -€32,069 | -2.6% |
| Land and buildings | 22 | €1,183,941 | €1,164,834 | -€19,107 | -1.6% |
| Furniture and vehicles | 24 | €95 | - | -€95 | |
| Leasing and similar rights | 25 | €45,654 | €32,786 | -€12,868 | -28.2% |
| Financial fixed assets | 28 | €2,843,199 | €2,843,199 | = | 0.0% |
| Affiliated companies | 280/1 | €2,840,964 | €2,840,964 | = | 0.0% |
| Participating interests | 280 | €2,840,964 | €2,840,964 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,235 | €2,235 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,235 | €2,235 | = | 0.0% |
| Current assets | 29/58 | €961,143 | €321,944 | -€639,199 | -66.5% |
| Amounts receivable within one year | 40/41 | €942,925 | €291,197 | -€651,729 | -69.1% |
| Trade receivables | 40 | €942,602 | €8,342 | -€934,260 | -99.1% |
| Other amounts receivable | 41 | €323 | €282,854 | +€282,531 | +87,363% |
| Cash at bank and in hand | 54/58 | €13,142 | €27,573 | +€14,431 | +110% |
| Deferred charges and accrued income | 490/1 | €5,075 | €3,174 | -€1,901 | -37.5% |
| Total equity and liabilities | 10/49 | €5,034,031 | €4,362,763 | -€671,268 | -13.3% |
| Equity | 10/15 | €2,332,942 | €2,334,303 | +€1,362 | +0.1% |
| Contributions | 10/11 | €312,011 | €312,011 | = | 0.0% |
| Capital | 10 | €312,011 | €312,011 | = | 0.0% |
| Issued capital | 100 | €312,011 | €312,011 | = | 0.0% |
| Reserves | 13 | €31,207 | €31,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,202 | €31,202 | = | 0.0% |
| Legal reserve | 130 | €31,202 | €31,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €1 | €1 | = | 0.0% |
| Distributable reserves | 133 | €4 | €4 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,989,724 | €1,991,086 | +€1,362 | +0.1% |
| Amounts payable | 17/49 | €2,701,089 | €2,028,460 | -€672,629 | -24.9% |
| Amounts payable after more than one year | 17 | €408,503 | €349,231 | -€59,272 | -14.5% |
| Financial debts | 170/4 | €408,503 | €349,231 | -€59,272 | -14.5% |
| Other loans | 174 | €408,503 | €349,231 | -€59,272 | -14.5% |
| Amounts payable within one year | 42/48 | €2,292,586 | €1,679,091 | -€613,495 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €58,724 | €59,272 | +€548 | +0.9% |
| Trade debts | 44 | €29,227 | €9,186 | -€20,041 | -68.6% |
| Suppliers | 440/4 | €29,227 | €9,186 | -€20,041 | -68.6% |
| Advances received on contracts in progress | 46 | €1,145 | - | -€1,145 | |
| Taxes, remuneration and social security | 45 | €120,523 | €68,234 | -€52,289 | -43.4% |
| Taxes | 450/3 | €120,523 | €68,234 | -€52,289 | -43.4% |
| Other amounts payable | 47/48 | €2,082,967 | €1,542,399 | -€540,568 | -26.0% |
| Accrued charges and deferred income | 492/3 | - | €138 | +€138 | |
| Operating income | 70/76A | €427,778 | €148,514 | -€279,264 | -65.3% |
| Other operating income | 74 | €427,778 | €148,514 | -€279,264 | -65.3% |
| Operating charges | 60/66A | €188,353 | €124,147 | -€64,206 | -34.1% |
| Services and other goods | 61 | €99,613 | €64,597 | -€35,016 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,446 | €36,523 | -€12,924 | -26.1% |
| Other operating charges | 640/8 | €39,294 | €23,028 | -€16,266 | -41.4% |
| Operating profit (loss) | 9901 | €239,425 | €24,367 | -€215,058 | -89.8% |
| Financial income | 75/76B | €1,084 | €107 | -€977 | -90.1% |
| Recurring financial income | 75 | €1,084 | €107 | -€977 | -90.1% |
| Income from current assets | 751 | - | €100 | +€100 | |
| Other financial income | 752/9 | €1,084 | €7 | -€1,077 | -99.4% |
| Financial charges | 65/66B | €19,901 | €15,174 | -€4,727 | -23.8% |
| Recurring financial charges | 65 | €19,901 | €15,174 | -€4,727 | -23.8% |
| Debt charges | 650 | €10,185 | €6,897 | -€3,288 | -32.3% |
| Other financial charges | 652/9 | €9,715 | €8,277 | -€1,438 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €220,608 | €9,300 | -€211,308 | -95.8% |
| Income taxes | 67/77 | €64,687 | €7,938 | -€56,749 | -87.7% |
| Taxes | 670/3 | €64,687 | €7,938 | -€56,749 | -87.7% |
| Profit (loss) for the period | 9904 | €155,921 | €1,362 | -€154,559 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,921 | €1,362 | -€154,559 | -99.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.