ANDRE BENS: what changed
Two fiscal 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.
ANDRE BENS
Largest movements
- Tangible fixed assets +€123,224
up €123,224 (+55.4%), from €222,414 to €345,637
- Cash -€6,070
down €6,070 (-5.2%), from €116,698 to €110,627
mainly Investment in fixed assets (net) (-€133,935) and Deferred charges and accrued income (-€2,530)
- Reserves +€84,598
up €84,598 (+28.9%), from €292,383 to €376,981
of which Distributable reserves: +€84,598
- Accrued charges and deferred income +€16,500
new in 2025: €16,500
- Tax, wage and social debts +€8,564
up €8,564 (+149.9%), from €5,711 to €14,275
- Trade debts +€6,380
new in 2025: €6,380
- Gross operating margin +€46,686
up €46,686 (+56.4%), from €82,807 to €129,493
- Taxes +€11,200
up €11,200 (+61.8%), from €18,111 to €29,312
- Depreciation +€6,697
up €6,697 (+166.8%), from €4,014 to €10,711
- Financial income +€1,500
up €1,500 (+14999900.0%), from €0 to €1,500
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.
Cash bridge derived
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 | €443,694 | €559,736 | +€116,042 | +26.2% |
| Fixed assets | 21/28 | €222,414 | €345,637 | +€123,224 | +55.4% |
| Tangible fixed assets | 22/27 | €222,414 | €345,637 | +€123,224 | +55.4% |
| Land and buildings | 22 | €222,414 | €345,637 | +€123,224 | +55.4% |
| Current assets | 29/58 | €221,281 | €214,098 | -€7,182 | -3.2% |
| Amounts receivable within one year | 40/41 | €103,643 | €100,000 | -€3,643 | -3.5% |
| Trade receivables | 40 | €3,643 | - | -€3,643 | |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,698 | €110,627 | -€6,070 | -5.2% |
| Deferred charges and accrued income | 490/1 | €941 | €3,471 | +€2,530 | +269.0% |
| Total equity and liabilities | 10/49 | €443,694 | €559,736 | +€116,042 | +26.2% |
| Equity | 10/15 | €437,983 | €522,581 | +€84,598 | +19.3% |
| Contributions | 10/11 | €145,600 | €145,600 | = | 0.0% |
| Capital | 10 | €145,600 | €145,600 | = | 0.0% |
| Issued capital | 100 | €145,600 | €145,600 | = | 0.0% |
| Reserves | 13 | €292,383 | €376,981 | +€84,598 | +28.9% |
| Non-distributable reserves | 130/1 | €14,560 | €14,560 | = | 0.0% |
| Legal reserve | 130 | €14,560 | €14,560 | = | 0.0% |
| Distributable reserves | 133 | €277,823 | €362,421 | +€84,598 | +30.5% |
| Amounts payable | 17/49 | €5,711 | €37,155 | +€31,444 | +550.6% |
| Amounts payable within one year | 42/48 | €5,711 | €20,655 | +€14,944 | +261.7% |
| Trade debts | 44 | - | €6,380 | +€6,380 | |
| Suppliers | 440/4 | - | €6,380 | +€6,380 | |
| Taxes, remuneration and social security | 45 | €5,711 | €14,275 | +€8,564 | +149.9% |
| Taxes | 450/3 | €5,711 | €14,275 | +€8,564 | +149.9% |
| Accrued charges and deferred income | 492/3 | - | €16,500 | +€16,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,014 | €10,711 | +€6,697 | +166.8% |
| Other operating charges | 640/8 | €6,137 | €6,327 | +€191 | +3.1% |
| Gross operating margin | 9900 | €82,807 | €129,493 | +€46,686 | +56.4% |
| Operating profit (loss) | 9901 | €72,657 | €112,455 | +€39,799 | +54.8% |
| Financial income | 75/76B | €0 | €1,500 | +€1,500 | +14999900.0% |
| Recurring financial income | 75 | €0 | €1,500 | +€1,500 | +14999900.0% |
| Financial charges | 65/66B | €345 | €46 | -€299 | -86.8% |
| Recurring financial charges | 65 | €345 | €46 | -€299 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €72,312 | €113,909 | +€41,598 | +57.5% |
| Income taxes | 67/77 | €18,111 | €29,312 | +€11,200 | +61.8% |
| Profit (loss) for the period | 9904 | €54,200 | €84,598 | +€30,398 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,200 | €84,598 | +€30,398 | +56.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.