Ben Goldman: 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 Goldman
Largest movements
- Cash +€108,222
up €108,222 (+81.8%), from €132,328 to €240,550
mainly Net result for the year (+€108,737) and Receivables within one year (+€3,785)
- Receivables within one year -€3,785
down €3,785 (-23.0%), from €16,444 to €12,659
of which Trade receivables: -€9,108
- Profit (loss) carried forward +€108,737
up €108,737 (+96.3%), from €112,939 to €221,676
- Tax, wage and social debts -€4,300
down €4,300 (-12.3%), from €34,833 to €30,533
- Gross operating margin -€19,922
down €19,922 (-12.6%), from €158,450 to €138,528
- Taxes -€4,900
down €4,900 (-14.1%), from €34,833 to €29,933
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 | €148,772 | €253,209 | +€104,437 | +70.2% |
| Current assets | 29/58 | €148,772 | €253,209 | +€104,437 | +70.2% |
| Amounts receivable within one year | 40/41 | €16,444 | €12,659 | -€3,785 | -23.0% |
| Trade receivables | 40 | €9,108 | - | -€9,108 | |
| Other amounts receivable | 41 | €7,336 | €12,659 | +€5,323 | +72.6% |
| Cash at bank and in hand | 54/58 | €132,328 | €240,550 | +€108,222 | +81.8% |
| Total equity and liabilities | 10/49 | €148,772 | €253,209 | +€104,437 | +70.2% |
| Equity | 10/15 | €113,939 | €222,676 | +€108,737 | +95.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,939 | €221,676 | +€108,737 | +96.3% |
| Amounts payable | 17/49 | €34,833 | €30,533 | -€4,300 | -12.3% |
| Amounts payable within one year | 42/48 | €34,833 | €30,533 | -€4,300 | -12.3% |
| Taxes, remuneration and social security | 45 | €34,833 | €30,533 | -€4,300 | -12.3% |
| Taxes | 450/3 | €34,833 | €30,533 | -€4,300 | -12.3% |
| Gross operating margin | 9900 | €158,450 | €138,528 | -€19,922 | -12.6% |
| Operating profit (loss) | 9901 | €158,450 | €138,528 | -€19,922 | -12.6% |
| Financial income | 75/76B | - | €546 | +€546 | |
| Recurring financial income | 75 | - | €546 | +€546 | |
| Financial charges | 65/66B | €346 | €404 | +€58 | +16.8% |
| Recurring financial charges | 65 | €346 | €404 | +€58 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €158,104 | €138,670 | -€19,434 | -12.3% |
| Income taxes | 67/77 | €34,833 | €29,933 | -€4,900 | -14.1% |
| Profit (loss) for the period | 9904 | €123,271 | €108,737 | -€14,534 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,271 | €108,737 | -€14,534 | -11.8% |
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 22 October 2026 via checked.be.