Ben Bouwmanagement: 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 Bouwmanagement
Largest movements
- Receivables within one year +€363,278
up €363,278 (+224%), from €161,877 to €525,155
of which Trade receivables: +€363,278
- Cash +€28,508
up €28,508 (+175%), from €16,284 to €44,792
mainly Trade debts (+€244,677) and Net result for the year (+€122,561)
- Receivables after one year +€14,130
up €14,130 (+10.3%), from €137,849 to €151,980
- Trade debts +€244,677
up €244,677 (+181%), from €135,023 to €379,700
- Reserves +€122,561
up €122,561 (+42.4%), from €288,882 to €411,444
- Tax, wage and social debts +€28,301
up €28,301 (+88.7%), from €31,911 to €60,213
of which Taxes: +€28,301
- Gross operating margin +€109,117
up €109,117 (+172%), from €63,357 to €172,474
- Taxes +€39,460
up €39,460 (+787%), from €5,017 to €44,477
- Other operating charges -€4,725
down €4,725 (-61.9%), from €7,627 to €2,903
- Write-downs +€2,366
new in 2025: €2,366
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 | €468,985 | €870,077 | +€401,092 | +85.5% |
| Fixed assets | 21/28 | €143,559 | €140,645 | -€2,914 | -2.0% |
| Intangible fixed assets | 21 | €4,457 | €3,408 | -€1,049 | -23.5% |
| Tangible fixed assets | 22/27 | €2,602 | €737 | -€1,865 | -71.7% |
| Plant, machinery and equipment | 23 | €2,154 | €578 | -€1,576 | -73.2% |
| Furniture and vehicles | 24 | €447 | €158 | -€289 | -64.6% |
| Financial fixed assets | 28 | €136,500 | €136,500 | = | 0.0% |
| Current assets | 29/58 | €325,426 | €729,432 | +€404,007 | +124% |
| Amounts receivable after more than one year | 29 | €137,849 | €151,980 | +€14,130 | +10.3% |
| Other amounts receivable | 291 | €137,849 | €151,980 | +€14,130 | +10.3% |
| Stocks and contracts in progress | 3 | €3,158 | €3,158 | = | 0.0% |
| Stocks | 30/36 | €3,158 | €3,158 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €161,877 | €525,155 | +€363,278 | +224% |
| Trade receivables | 40 | €161,877 | €525,155 | +€363,278 | +224% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,284 | €44,792 | +€28,508 | +175% |
| Deferred charges and accrued income | 490/1 | €6,258 | €4,347 | -€1,910 | -30.5% |
| Total equity and liabilities | 10/49 | €468,985 | €870,077 | +€401,092 | +85.5% |
| Equity | 10/15 | €301,282 | €423,844 | +€122,561 | +40.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,882 | €411,444 | +€122,561 | +42.4% |
| Distributable reserves | 133 | €288,882 | €411,444 | +€122,561 | +42.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,702 | €446,234 | +€278,531 | +166% |
| Amounts payable within one year | 42/48 | €167,702 | €446,234 | +€278,531 | +166% |
| Trade debts | 44 | €135,023 | €379,700 | +€244,677 | +181% |
| Suppliers | 440/4 | €135,023 | €379,700 | +€244,677 | +181% |
| Advances received on contracts in progress | 46 | €0 | €6,154 | +€6,154 | |
| Taxes, remuneration and social security | 45 | €31,911 | €60,213 | +€28,301 | +88.7% |
| Taxes | 450/3 | €31,911 | €60,213 | +€28,301 | +88.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €768 | €167 | -€601 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,501 | €2,914 | +€414 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,366 | +€2,366 | |
| Other operating charges | 640/8 | €7,627 | €2,903 | -€4,725 | -61.9% |
| Gross operating margin | 9900 | €63,357 | €172,474 | +€109,117 | +172% |
| Operating profit (loss) | 9901 | €53,229 | €164,291 | +€111,062 | +209% |
| Financial income | 75/76B | €4,697 | €4,352 | -€345 | -7.3% |
| Recurring financial income | 75 | €4,697 | €4,352 | -€345 | -7.3% |
| Financial charges | 65/66B | €2,739 | €1,605 | -€1,135 | -41.4% |
| Recurring financial charges | 65 | €2,739 | €1,605 | -€1,135 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €55,187 | €167,038 | +€111,852 | +203% |
| Income taxes | 67/77 | €5,017 | €44,477 | +€39,460 | +787% |
| Profit (loss) for the period | 9904 | €50,170 | €122,561 | +€72,392 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €50,170 | €122,561 | +€72,392 | +144% |
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 25 October 2026 via checked.be.