BEN DE BOECK: 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 DE BOECK
Largest movements
- Cash -€113,244
down €113,244 (-33.0%), from €343,457 to €230,213
mainly Other debts (-€110,000) and Contributions, distributions and other (-€50,000)
- Receivables within one year -€32,766
down €32,766 (-49.4%), from €66,310 to €33,544
of which Trade receivables: -€36,616
- Receivables after one year +€4,373
up €4,373 (+60.3%), from €7,247 to €11,620
- Other debts -€110,000
down €110,000 (-68.8%), from €160,000 to €50,000
- Trade debts -€45,734
down €45,734 (-74.1%), from €61,685 to €15,951
- Reserves +€8,469
up €8,469 (+7.3%), from €116,292 to €124,761
- Gross operating margin -€100,419
down €100,419 (-53.2%), from €188,697 to €88,278
- Taxes +€2,887
up €2,887 (+14.7%), from €19,576 to €22,463
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 | €430,708 | €285,905 | -€144,803 | -33.6% |
| Fixed assets | 21/28 | €13,694 | €10,528 | -€3,166 | -23.1% |
| Tangible fixed assets | 22/27 | €13,694 | €10,528 | -€3,166 | -23.1% |
| Plant, machinery and equipment | 23 | €13,694 | €10,528 | -€3,166 | -23.1% |
| Current assets | 29/58 | €417,014 | €275,377 | -€141,637 | -34.0% |
| Amounts receivable after more than one year | 29 | €7,247 | €11,620 | +€4,373 | +60.3% |
| Other amounts receivable | 291 | €7,247 | €11,620 | +€4,373 | +60.3% |
| Amounts receivable within one year | 40/41 | €66,310 | €33,544 | -€32,766 | -49.4% |
| Trade receivables | 40 | €64,776 | €28,160 | -€36,616 | -56.5% |
| Other amounts receivable | 41 | €1,534 | €5,384 | +€3,850 | +251% |
| Cash at bank and in hand | 54/58 | €343,457 | €230,213 | -€113,244 | -33.0% |
| Total equity and liabilities | 10/49 | €430,708 | €285,905 | -€144,803 | -33.6% |
| Equity | 10/15 | €209,023 | €217,492 | +€8,469 | +4.1% |
| Contributions | 10/11 | €92,731 | €92,731 | = | 0.0% |
| Capital | 10 | €92,731 | €92,731 | = | 0.0% |
| Issued capital | 100 | €92,731 | €92,731 | = | 0.0% |
| Reserves | 13 | €116,292 | €124,761 | +€8,469 | +7.3% |
| Distributable reserves | 133 | €116,292 | €124,761 | +€8,469 | +7.3% |
| Amounts payable | 17/49 | €221,685 | €68,413 | -€153,272 | -69.1% |
| Amounts payable within one year | 42/48 | €221,685 | €68,413 | -€153,272 | -69.1% |
| Trade debts | 44 | €61,685 | €15,951 | -€45,734 | -74.1% |
| Suppliers | 440/4 | €61,685 | €15,951 | -€45,734 | -74.1% |
| Taxes, remuneration and social security | 45 | - | €2,462 | +€2,462 | |
| Taxes | 450/3 | - | €2,462 | +€2,462 | |
| Other amounts payable | 47/48 | €160,000 | €50,000 | -€110,000 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,353 | €7,039 | +€686 | +10.8% |
| Other operating charges | 640/8 | €289 | €240 | -€49 | -17.0% |
| Gross operating margin | 9900 | €188,697 | €88,278 | -€100,419 | -53.2% |
| Operating profit (loss) | 9901 | €182,055 | €80,999 | -€101,056 | -55.5% |
| Financial charges | 65/66B | €68 | €67 | -€1 | -1.5% |
| Recurring financial charges | 65 | €68 | €67 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €181,987 | €80,932 | -€101,055 | -55.5% |
| Income taxes | 67/77 | €19,576 | €22,463 | +€2,887 | +14.7% |
| Profit (loss) for the period | 9904 | €162,411 | €58,469 | -€103,942 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,411 | €58,469 | -€103,942 | -64.0% |
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 28 October 2026 via checked.be.