VAL DU BEKE: what changed
VAL DU BEKE
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-100.0%), from €1.2m to €125
- Tangible fixed assets -€130,635
down €130,635 (-6.3%), from €2.1m to €1.9m
of which Land and buildings: -€130,366
- Cash +€67,244
up €67,244 (+212%), from €31,730 to €98,974
mainly Investment in fixed assets (net) (+€1.2m) and Net result for the year (+€502,394)
- Contributions -€1.6m
down €1.6m (-90.3%), from €1.8m to €172,570
- Reserves +€227,917
up €227,917 (+17.8%), from €1.3m to €1.5m
of which Distributable reserves: +€326,601
- Other debts +€133,908
up €133,908 (+65,958%), from €203 to €134,111
- Tax, wage and social debts +€100,259
up €100,259 (+3,298%), from €3,040 to €103,299
of which Taxes: +€100,259
- Debts after one year -€95,955
down €95,955 (-24.7%), from €387,766 to €291,811
- Financial income +€594,470
up €594,470 (+25,498%), from €2,331 to €596,801
of which Non-recurring financial income: +€576,527
- Taxes +€59,709
up €59,709 (+386%), from €15,454 to €75,162
- Gross operating margin +€6,110
up €6,110 (+5.6%), from €108,326 to €114,436
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,863,632 | €2,597,984 | -€1.3m | -32.8% |
| Fixed assets | 21/28 | €3,226,603 | €1,927,701 | -€1.3m | -40.3% |
| Tangible fixed assets | 22/27 | €2,058,212 | €1,927,576 | -€130,635 | -6.3% |
| Land and buildings | 22 | €2,057,610 | €1,927,245 | -€130,366 | -6.3% |
| Furniture and vehicles | 24 | €601 | €332 | -€270 | -44.9% |
| Financial fixed assets | 28 | €1,168,391 | €125 | -€1.2m | -100.0% |
| Current assets | 29/58 | €637,030 | €670,283 | +€33,253 | +5.2% |
| Amounts receivable within one year | 40/41 | €5,300 | €406 | -€4,894 | -92.3% |
| Trade receivables | 40 | €54 | €406 | +€352 | +648% |
| Other amounts receivable | 41 | €5,246 | €0 | -€5,246 | -100% |
| Current investments | 50/53 | €600,000 | €570,903 | -€29,097 | -4.8% |
| Cash at bank and in hand | 54/58 | €31,730 | €98,974 | +€67,244 | +212% |
| Total equity and liabilities | 10/49 | €3,863,632 | €2,597,984 | -€1.3m | -32.8% |
| Equity | 10/15 | €3,064,043 | €1,682,530 | -€1.4m | -45.1% |
| Contributions | 10/11 | €1,782,000 | €172,570 | -€1.6m | -90.3% |
| Capital | 10 | €1,782,000 | - | -€1.8m | |
| Issued capital | 100 | €1,782,000 | - | -€1.8m | |
| Reserves | 13 | €1,282,043 | €1,509,959 | +€227,917 | +17.8% |
| Non-distributable reserves | 130/1 | €29,721 | €0 | -€29,721 | -100% |
| Legal reserve | 130 | €29,721 | - | -€29,721 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €912,349 | €843,386 | -€68,963 | -7.6% |
| Distributable reserves | 133 | €339,972 | €666,573 | +€326,601 | +96.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €304,116 | €281,129 | -€22,988 | -7.6% |
| Deferred taxes | 168 | €304,116 | €281,129 | -€22,988 | -7.6% |
| Amounts payable | 17/49 | €495,473 | €634,326 | +€138,853 | +28.0% |
| Amounts payable after more than one year | 17 | €387,766 | €291,811 | -€95,955 | -24.7% |
| Financial debts | 170/4 | €387,766 | €291,811 | -€95,955 | -24.7% |
| Amounts payable within one year | 42/48 | €107,429 | €342,291 | +€234,862 | +219% |
| Current portion of amounts payable after more than one year | 42 | €103,218 | €103,922 | +€704 | +0.7% |
| Trade debts | 44 | €968 | €958 | -€9 | -0.9% |
| Suppliers | 440/4 | €968 | €958 | -€9 | -0.9% |
| Taxes, remuneration and social security | 45 | €3,040 | €103,299 | +€100,259 | +3,298% |
| Taxes | 450/3 | €3,040 | €103,299 | +€100,259 | +3,298% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €203 | €134,111 | +€133,908 | +65,958% |
| Accrued charges and deferred income | 492/3 | €278 | €224 | -€54 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,190 | €135,071 | +€882 | +0.7% |
| Other operating charges | 640/8 | €17,505 | €18,199 | +€694 | +4.0% |
| Gross operating margin | 9900 | €108,326 | €114,436 | +€6,110 | +5.6% |
| Operating profit (loss) | 9901 | -€43,368 | -€38,835 | +€4,534 | +10.5% |
| Financial income | 75/76B | €2,331 | €596,801 | +€594,470 | +25,498% |
| Recurring financial income | 75 | €2,331 | €20,274 | +€17,942 | +770% |
| Non-recurring financial income | 76B | - | €576,527 | +€576,527 | |
| Financial charges | 65/66B | €3,895 | €3,398 | -€497 | -12.8% |
| Recurring financial charges | 65 | €3,895 | €3,398 | -€497 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,932 | €554,569 | +€599,500 | |
| Transfer from deferred taxes | 780 | €22,988 | €22,988 | = | 0.0% |
| Income taxes | 67/77 | €15,454 | €75,162 | +€59,709 | +386% |
| Profit (loss) for the period | 9904 | -€37,397 | €502,394 | +€539,792 | |
| Transfer from tax-exempt reserves | 789 | €68,963 | €68,963 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,566 | €571,357 | +€539,792 | +1,710% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.