Ben: 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.
Ben
Largest movements
- Current investments +€1.9m
up €1.9m (+728%), from €256,085 to €2.1m
- Tangible fixed assets -€1.1m
down €1.1m (-90.7%), from €1.2m to €109,915
of which Land and buildings: -€1.1m
- Cash +€146,283
up €146,283 (+227%), from €64,485 to €210,769
mainly Other debts (+€2.0m) and Net result for the year (+€1.9m)
- Other debts +€2.0m
up €2.0m, from €0 to €2.0m
- Debts after one year -€908,286
down €908,286 (-95.7%), from €948,856 to €40,570
of which Financial debts: -€908,286
- Revaluation surpluses -€158,768
down €158,768 (-100%), from €158,768 to €0
- Tax, wage and social debts +€141,393
up €141,393 (+2,464%), from €5,737 to €147,131
- Current portion of long-term debt -€85,872
down €85,872 (-100%), from €85,872 to €0
- Gross operating margin +€2.4m
up €2.4m (+1,464%), from €165,278 to €2.6m
- Taxes +€654,206
up €654,206 (+10,898%), from €6,003 to €660,209
- Depreciation -€123,457
down €123,457 (-100%), from €123,457 to €0
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 | €1,772,858 | €2,685,459 | +€912,601 | +51.5% |
| Fixed assets | 21/28 | €1,185,447 | €113,640 | -€1.1m | -90.4% |
| Tangible fixed assets | 22/27 | €1,181,722 | €109,915 | -€1.1m | -90.7% |
| Land and buildings | 22 | €1,119,605 | €54,615 | -€1.1m | -95.1% |
| Plant, machinery and equipment | 23 | €6,817 | €0 | -€6,817 | -100% |
| Furniture and vehicles | 24 | €55,300 | €55,300 | = | 0.0% |
| Financial fixed assets | 28 | €3,725 | €3,725 | = | 0.0% |
| Current assets | 29/58 | €587,411 | €2,571,819 | +€2.0m | +338% |
| Amounts receivable after more than one year | 29 | €136,667 | €136,667 | = | 0.0% |
| Other amounts receivable | 291 | €136,667 | €136,667 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,582 | €102,404 | -€23,178 | -18.5% |
| Trade receivables | 40 | €72,489 | €33,971 | -€38,518 | -53.1% |
| Other amounts receivable | 41 | €53,093 | €68,433 | +€15,340 | +28.9% |
| Current investments | 50/53 | €256,085 | €2,119,679 | +€1.9m | +728% |
| Cash at bank and in hand | 54/58 | €64,485 | €210,769 | +€146,283 | +227% |
| Deferred charges and accrued income | 490/1 | €4,592 | €2,300 | -€2,292 | -49.9% |
| Total equity and liabilities | 10/49 | €1,772,858 | €2,685,459 | +€912,601 | +51.5% |
| Equity | 10/15 | €715,469 | €494,730 | -€220,739 | -30.9% |
| Contributions | 10/11 | €33,300 | €33,300 | = | 0.0% |
| Revaluation surpluses | 12 | €158,768 | €0 | -€158,768 | -100% |
| Reserves | 13 | €523,401 | €461,430 | -€61,972 | -11.8% |
| Tax-exempt reserves | 132 | €23,044 | €0 | -€23,044 | -100% |
| Distributable reserves | 133 | €500,358 | €461,430 | -€38,928 | -7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €10,255 | €0 | -€10,255 | -100% |
| Deferred taxes | 168 | €10,255 | €0 | -€10,255 | -100% |
| Amounts payable | 17/49 | €1,047,134 | €2,190,729 | +€1.1m | +109% |
| Amounts payable after more than one year | 17 | €948,856 | €40,570 | -€908,286 | -95.7% |
| Financial debts | 170/4 | €908,286 | €0 | -€908,286 | -100% |
| Other amounts payable | 178/9 | €40,570 | €40,570 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,278 | €2,150,159 | +€2.1m | +2,088% |
| Current portion of amounts payable after more than one year | 42 | €85,872 | €0 | -€85,872 | -100% |
| Trade debts | 44 | €6,669 | €4,465 | -€2,203 | -33.0% |
| Suppliers | 440/4 | €6,669 | €4,465 | -€2,203 | -33.0% |
| Taxes, remuneration and social security | 45 | €5,737 | €147,131 | +€141,393 | +2,464% |
| Taxes | 450/3 | €5,737 | €147,131 | +€141,393 | +2,464% |
| Other amounts payable | 47/48 | €0 | €1,998,563 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,556,961 | +€2.6m | |
| Remuneration, social security and pensions | 62 | €2,104 | €2,200 | +€95 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,457 | €0 | -€123,457 | -100% |
| Other operating charges | 640/8 | €20,217 | €9,078 | -€11,139 | -55.1% |
| Gross operating margin | 9900 | €165,278 | €2,584,679 | +€2.4m | +1,464% |
| Operating profit (loss) | 9901 | €19,500 | €2,573,402 | +€2.6m | +13,097% |
| Financial income | 75/76B | €3,805 | €28,272 | +€24,467 | +643% |
| Recurring financial income | 75 | €3,805 | €28,272 | +€24,467 | +643% |
| Financial charges | 65/66B | €18,288 | €15,128 | -€3,160 | -17.3% |
| Recurring financial charges | 65 | €18,288 | €15,128 | -€3,160 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €5,016 | €2,586,546 | +€2.6m | +51,466% |
| Transfer from deferred taxes | 780 | €3,548 | €10,255 | +€6,706 | +189% |
| Income taxes | 67/77 | €6,003 | €660,209 | +€654,206 | +10,898% |
| Profit (loss) for the period | 9904 | €2,561 | €1,936,591 | +€1.9m | +75,509% |
| Transfer from tax-exempt reserves | 789 | €8,447 | €23,044 | +€14,597 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €11,008 | €1,959,635 | +€1.9m | +17,702% |
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 14 October 2026 via checked.be.