BEN & LAU: 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 & LAU
Largest movements
- Tangible fixed assets -€29,248
down €29,248 (-31.3%), from €93,450 to €64,202
of which Other tangible fixed assets: -€25,843
- Debts after one year -€146,044
no longer reported in 2025 (was €146,044)
of which Other amounts payable: -€126,993
- Other debts +€128,593
up €128,593 (+2,034%), from €6,324 to €134,917
- Current portion of long-term debt -€13,138
down €13,138 (-40.8%), from €32,189 to €19,051
- Profit (loss) carried forward +€1,373
up €1,373 (+1.3%), from -€108,192 to -€106,819
- Depreciation -€3,748
down €3,748 (-11.4%), from €32,994 to €29,246
- Gross operating margin +€1,818
up €1,818 (+5.8%), from €31,143 to €32,961
- Other operating charges +€1,389
new in 2025: €1,389
- Financial charges -€615
down €615 (-39.2%), from €1,568 to €953
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 | €96,445 | €67,259 | -€29,186 | -30.3% |
| Fixed assets | 21/28 | €93,450 | €64,202 | -€29,248 | -31.3% |
| Tangible fixed assets | 22/27 | €93,450 | €64,202 | -€29,248 | -31.3% |
| Land and buildings | 22 | €45,400 | €41,995 | -€3,405 | -7.5% |
| Other tangible fixed assets | 26 | €48,050 | €22,207 | -€25,843 | -53.8% |
| Current assets | 29/58 | €2,996 | €3,057 | +€61 | +2.1% |
| Cash at bank and in hand | 54/58 | €2,996 | €3,057 | +€61 | +2.1% |
| Total equity and liabilities | 10/49 | €96,445 | €67,259 | -€29,186 | -30.3% |
| Equity | 10/15 | -€88,192 | -€86,819 | +€1,373 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | -€108,192 | -€106,819 | +€1,373 | +1.3% |
| Amounts payable | 17/49 | €184,638 | €154,078 | -€30,560 | -16.6% |
| Amounts payable after more than one year | 17 | €146,044 | - | -€146,044 | |
| Financial debts | 170/4 | €19,051 | - | -€19,051 | |
| Other amounts payable | 178/9 | €126,993 | - | -€126,993 | |
| Amounts payable within one year | 42/48 | €38,593 | €154,078 | +€115,485 | +299% |
| Current portion of amounts payable after more than one year | 42 | €32,189 | €19,051 | -€13,138 | -40.8% |
| Trade debts | 44 | €80 | €110 | +€30 | +37.0% |
| Suppliers | 440/4 | €80 | €110 | +€30 | +37.0% |
| Other amounts payable | 47/48 | €6,324 | €134,917 | +€128,593 | +2,034% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,994 | €29,246 | -€3,748 | -11.4% |
| Other operating charges | 640/8 | - | €1,389 | +€1,389 | |
| Gross operating margin | 9900 | €31,143 | €32,961 | +€1,818 | +5.8% |
| Operating profit (loss) | 9901 | -€1,852 | €2,326 | +€4,178 | |
| Financial charges | 65/66B | €1,568 | €953 | -€615 | -39.2% |
| Recurring financial charges | 65 | €1,568 | €953 | -€615 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,420 | €1,373 | +€4,793 | |
| Profit (loss) for the period | 9904 | -€3,420 | €1,373 | +€4,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,420 | €1,373 | +€4,793 |
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 15 October 2026 via checked.be.