BEN BOONE: 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 BOONE
Largest movements
- Current investments +€163,500
new in 2025: €163,500
- Cash -€57,906
down €57,906 (-80.7%), from €71,741 to €13,835
mainly Current investments (-€163,500) and Debts after one year (-€44,669)
- Receivables within one year +€18,525
up €18,525 (+168%), from €11,004 to €29,528
of which Trade receivables: +€17,244
- Other debts +€103,037
up €103,037 (+14,240%), from €724 to €103,761
- Reserves +€70,660
up €70,660 (+21.1%), from €335,544 to €406,204
of which Distributable reserves: +€70,660
- Debts after one year -€44,669
down €44,669 (-18.8%), from €237,509 to €192,840
- Tax, wage and social debts -€9,299
down €9,299 (-33.5%), from €27,734 to €18,435
- Depreciation -€2,055
down €2,055 (-80.8%), from €2,544 to €489
- Gross operating margin -€1,469
down €1,469 (-1.4%), from €105,876 to €104,407
- Financial charges +€1,357
up €1,357 (+26.4%), from €5,141 to €6,499
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 | €747,970 | €869,116 | +€121,146 | +16.2% |
| Fixed assets | 21/28 | €662,685 | €662,196 | -€489 | -0.1% |
| Tangible fixed assets | 22/27 | €3,055 | €2,565 | -€489 | -16.0% |
| Furniture and vehicles | 24 | €2,480 | €1,990 | -€489 | -19.7% |
| Other tangible fixed assets | 26 | €575 | €575 | = | 0.0% |
| Financial fixed assets | 28 | €659,630 | €659,630 | = | 0.0% |
| Current assets | 29/58 | €85,286 | €206,921 | +€121,635 | +143% |
| Amounts receivable within one year | 40/41 | €11,004 | €29,528 | +€18,525 | +168% |
| Trade receivables | 40 | €11,004 | €28,247 | +€17,244 | +157% |
| Other amounts receivable | 41 | - | €1,281 | +€1,281 | |
| Current investments | 50/53 | - | €163,500 | +€163,500 | |
| Cash at bank and in hand | 54/58 | €71,741 | €13,835 | -€57,906 | -80.7% |
| Deferred charges and accrued income | 490/1 | €2,541 | €58 | -€2,483 | -97.7% |
| Total equity and liabilities | 10/49 | €747,970 | €869,116 | +€121,146 | +16.2% |
| Equity | 10/15 | €433,319 | €503,979 | +€70,660 | +16.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €335,544 | €406,204 | +€70,660 | +21.1% |
| Non-distributable reserves | 130/1 | €699 | €699 | = | 0.0% |
| Reserves not available under the articles | 1311 | €699 | €699 | = | 0.0% |
| Tax-exempt reserves | 132 | €157 | €157 | = | 0.0% |
| Distributable reserves | 133 | €334,687 | €405,347 | +€70,660 | +21.1% |
| Profit (loss) carried forward | 14 | €79,225 | €79,225 | = | 0.0% |
| Amounts payable | 17/49 | €314,652 | €365,137 | +€50,486 | +16.0% |
| Amounts payable after more than one year | 17 | €237,509 | €192,840 | -€44,669 | -18.8% |
| Financial debts | 170/4 | €237,509 | €192,840 | -€44,669 | -18.8% |
| Amounts payable within one year | 42/48 | €77,143 | €172,297 | +€95,154 | +123% |
| Current portion of amounts payable after more than one year | 42 | €44,062 | €44,669 | +€607 | +1.4% |
| Financial debts | 43 | €1,660 | €1,677 | +€17 | +1.0% |
| Credit institutions | 430/8 | €1,660 | €1,677 | +€17 | +1.0% |
| Trade debts | 44 | €2,963 | €3,756 | +€793 | +26.8% |
| Suppliers | 440/4 | €2,963 | €3,756 | +€793 | +26.8% |
| Taxes, remuneration and social security | 45 | €27,734 | €18,435 | -€9,299 | -33.5% |
| Taxes | 450/3 | €27,734 | €18,435 | -€9,299 | -33.5% |
| Other amounts payable | 47/48 | €724 | €103,761 | +€103,037 | +14,240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,544 | €489 | -€2,055 | -80.8% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | €105,876 | €104,407 | -€1,469 | -1.4% |
| Operating profit (loss) | 9901 | €102,797 | €103,368 | +€572 | +0.6% |
| Financial income | 75/76B | €1,680 | €728 | -€951 | -56.6% |
| Recurring financial income | 75 | €1,680 | €728 | -€951 | -56.6% |
| Financial charges | 65/66B | €5,141 | €6,499 | +€1,357 | +26.4% |
| Recurring financial charges | 65 | €5,141 | €6,499 | +€1,357 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €99,335 | €97,598 | -€1,737 | -1.7% |
| Income taxes | 67/77 | €27,594 | €26,938 | -€656 | -2.4% |
| Profit (loss) for the period | 9904 | €71,741 | €70,660 | -€1,081 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,741 | €70,660 | -€1,081 | -1.5% |
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 15 October 2026 via checked.be.