BEN DE BORGER: 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 BORGER
Largest movements
- Cash -€13,556
down €13,556 (-23.6%), from €57,453 to €43,897
mainly Other debts (-€18,268) and Current portion of long-term debt (-€3,750)
- Tangible fixed assets -€5,191
no longer reported in 2025 (was €5,191)
- Other debts -€18,268
down €18,268 (-58.9%), from €31,004 to €12,736
- Reserves +€3,942
up €3,942 (+212%), from €1,860 to €5,802
of which Distributable reserves: +€3,942
- Current portion of long-term debt -€3,750
no longer reported in 2025 (was €3,750)
- Debts after one year -€1,888
no longer reported in 2025 (was €1,888)
- Gross operating margin -€5,074
down €5,074 (-51.2%), from €9,915 to €4,841
- Financial charges -€5,047
down €5,047 (-98.0%), from €5,152 to €106
- Depreciation -€3,775
no longer reported in 2025 (was €3,775)
- Taxes +€394
new in 2025: €394
- Other operating charges -€305
down €305 (-43.3%), from €705 to €400
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 | €63,917 | €44,747 | -€19,170 | -30.0% |
| Fixed assets | 21/28 | €5,191 | - | -€5,191 | |
| Tangible fixed assets | 22/27 | €5,191 | - | -€5,191 | |
| Furniture and vehicles | 24 | €5,191 | - | -€5,191 | |
| Current assets | 29/58 | €58,726 | €44,747 | -€13,978 | -23.8% |
| Amounts receivable within one year | 40/41 | €1,272 | €850 | -€422 | -33.2% |
| Other amounts receivable | 41 | €1,272 | €850 | -€422 | -33.2% |
| Cash at bank and in hand | 54/58 | €57,453 | €43,897 | -€13,556 | -23.6% |
| Total equity and liabilities | 10/49 | €63,917 | €44,747 | -€19,170 | -30.0% |
| Equity | 10/15 | €26,824 | €30,765 | +€3,942 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,802 | +€3,942 | +212% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €3,942 | +€3,942 | |
| Profit (loss) carried forward | 14 | €6,364 | €6,364 | = | 0.0% |
| Amounts payable | 17/49 | €37,093 | €13,982 | -€23,111 | -62.3% |
| Amounts payable after more than one year | 17 | €1,888 | - | -€1,888 | |
| Financial debts | 170/4 | €1,888 | - | -€1,888 | |
| Amounts payable within one year | 42/48 | €35,206 | €13,982 | -€21,224 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €3,750 | - | -€3,750 | |
| Trade debts | 44 | €452 | €852 | +€400 | +88.5% |
| Suppliers | 440/4 | €452 | €852 | +€400 | +88.5% |
| Taxes, remuneration and social security | 45 | - | €394 | +€394 | |
| Taxes | 450/3 | - | €394 | +€394 | |
| Other amounts payable | 47/48 | €31,004 | €12,736 | -€18,268 | -58.9% |
| Non-recurring operating income | 76A | €26,851 | €5,139 | -€21,712 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,775 | - | -€3,775 | |
| Other operating charges | 640/8 | €705 | €400 | -€305 | -43.3% |
| Non-recurring operating charges | 66A | €5,830 | - | -€5,830 | |
| Gross operating margin | 9900 | €9,915 | €4,841 | -€5,074 | -51.2% |
| Operating profit (loss) | 9901 | -€394 | €4,441 | +€4,836 | |
| Financial charges | 65/66B | €5,152 | €106 | -€5,047 | -98.0% |
| Recurring financial charges | 65 | €5,152 | €106 | -€5,047 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,547 | €4,336 | +€9,883 | |
| Income taxes | 67/77 | - | €394 | +€394 | |
| Profit (loss) for the period | 9904 | -€5,547 | €3,942 | +€9,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,547 | €3,942 | +€9,488 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.