BEN HOUMANNE: 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 HOUMANNE
Largest movements
- Receivables after one year -€167,130
down €167,130 (-32.7%), from €511,645 to €344,516
- Receivables within one year -€150,140
down €150,140 (-37.8%), from €396,985 to €246,845
of which Trade receivables: -€166,794
- Cash +€35,649
up €35,649 (+32.8%), from €108,536 to €144,185
mainly Receivables after one year (+€167,130) and Receivables within one year (+€150,140)
- Other debts -€200,000
no longer reported in 2025 (was €200,000)
- Trade debts -€114,817
down €114,817 (-25.3%), from €453,685 to €338,868
- Profit (loss) carried forward +€39,797
up €39,797 (+10.7%), from €371,675 to €411,472
- Tax, wage and social debts +€15,623
up €15,623 (+52.6%), from €29,719 to €45,342
of which Taxes: +€19,875
- Depreciation -€21,753
down €21,753 (-49.8%), from €43,663 to €21,910
- Gross operating margin -€16,311
down €16,311 (-13.4%), from €121,576 to €105,264
- Taxes -€12,178
down €12,178 (-28.9%), from €42,096 to €29,918
- Staff costs +€3,187
up €3,187 (+133%), from €2,400 to €5,587
- Other operating charges +€1,242
up €1,242 (+105%), from €1,183 to €2,425
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 | €1,098,686 | €814,528 | -€284,159 | -25.9% |
| Fixed assets | 21/28 | €64,681 | €59,131 | -€5,550 | -8.6% |
| Tangible fixed assets | 22/27 | €64,631 | €58,721 | -€5,910 | -9.1% |
| Furniture and vehicles | 24 | - | €13,589 | +€13,589 | |
| Other tangible fixed assets | 26 | €64,631 | €45,132 | -€19,499 | -30.2% |
| Financial fixed assets | 28 | €50 | €410 | +€360 | +720% |
| Current assets | 29/58 | €1,034,005 | €755,396 | -€278,609 | -26.9% |
| Amounts receivable after more than one year | 29 | €511,645 | €344,516 | -€167,130 | -32.7% |
| Other amounts receivable | 291 | €511,645 | €344,516 | -€167,130 | -32.7% |
| Stocks and contracts in progress | 3 | €16,838 | €19,850 | +€3,012 | +17.9% |
| Stocks | 30/36 | €16,838 | €19,850 | +€3,012 | +17.9% |
| Amounts receivable within one year | 40/41 | €396,985 | €246,845 | -€150,140 | -37.8% |
| Trade receivables | 40 | €396,848 | €230,054 | -€166,794 | -42.0% |
| Other amounts receivable | 41 | €137 | €16,791 | +€16,654 | +12,152% |
| Cash at bank and in hand | 54/58 | €108,536 | €144,185 | +€35,649 | +32.8% |
| Total equity and liabilities | 10/49 | €1,098,686 | €814,528 | -€284,159 | -25.9% |
| Equity | 10/15 | €379,785 | €419,582 | +€39,797 | +10.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,675 | €411,472 | +€39,797 | +10.7% |
| Amounts payable | 17/49 | €718,902 | €394,946 | -€323,956 | -45.1% |
| Amounts payable after more than one year | 17 | €5,062 | - | -€5,062 | |
| Financial debts | 170/4 | €5,062 | - | -€5,062 | |
| Amounts payable within one year | 42/48 | €713,840 | €394,946 | -€318,894 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €20,679 | €10,736 | -€9,943 | -48.1% |
| Trade debts | 44 | €453,685 | €338,868 | -€114,817 | -25.3% |
| Suppliers | 440/4 | €453,685 | €338,868 | -€114,817 | -25.3% |
| Advances received on contracts in progress | 46 | €9,757 | - | -€9,757 | |
| Taxes, remuneration and social security | 45 | €29,719 | €45,342 | +€15,623 | +52.6% |
| Taxes | 450/3 | €19,354 | €39,229 | +€19,875 | +103% |
| Remuneration and social security | 454/9 | €10,365 | €6,113 | -€4,252 | -41.0% |
| Other amounts payable | 47/48 | €200,000 | - | -€200,000 | |
| Remuneration, social security and pensions | 62 | €2,400 | €5,587 | +€3,187 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,663 | €21,910 | -€21,753 | -49.8% |
| Other operating charges | 640/8 | €1,183 | €2,425 | +€1,242 | +105% |
| Gross operating margin | 9900 | €121,576 | €105,264 | -€16,311 | -13.4% |
| Operating profit (loss) | 9901 | €74,330 | €75,342 | +€1,012 | +1.4% |
| Financial income | 75/76B | €40 | €206 | +€166 | +410% |
| Recurring financial income | 75 | €40 | €3 | -€38 | -93.0% |
| Non-recurring financial income | 76B | - | €203 | +€203 | |
| Financial charges | 65/66B | €7,016 | €5,833 | -€1,183 | -16.9% |
| Recurring financial charges | 65 | €7,016 | €5,833 | -€1,183 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €67,355 | €69,716 | +€2,361 | +3.5% |
| Income taxes | 67/77 | €42,096 | €29,918 | -€12,178 | -28.9% |
| Profit (loss) for the period | 9904 | €25,259 | €39,797 | +€14,539 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,259 | €39,797 | +€14,539 | +57.6% |
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 20 October 2026 via checked.be.