Ben Storms: what changed
Two fiscal 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 Storms
Largest movements
- Receivables within one year -€60,845
down €60,845 (-53.9%), from €112,807 to €51,962
of which Trade receivables: -€77,347
- Cash +€48,660
up €48,660 (+183.4%), from €26,536 to €75,196
mainly Net result for the year (+€110,796) and Depreciation (+€72,205)
- Tangible fixed assets -€28,837
down €28,837 (-6.7%), from €431,363 to €402,526
of which Leasing and similar rights: -€38,241
- Reserves +€110,796
up €110,796 (+19.9%), from €555,587 to €666,383
of which Distributable reserves: +€110,796
- Trade debts -€96,567
down €96,567 (-81.8%), from €118,068 to €21,501
- Tax, wage and social debts -€52,553
down €52,553 (-35.0%), from €149,957 to €97,404
of which Taxes: -€54,115
- Other debts +€47,893
up €47,893 (+60.2%), from €79,563 to €127,456
- Current portion of long-term debt -€42,966
down €42,966 (-47.2%), from €90,937 to €47,971
- Gross operating margin -€258,394
down €258,394 (-41.4%), from €624,258 to €365,864
- Taxes -€76,185
down €76,185 (-68.8%), from €110,749 to €34,564
- Staff costs +€44,829
up €44,829 (+51.4%), from €87,209 to €132,038
- Financial income +€11,451
up €11,451 (+327.7%), from €3,494 to €14,945
- Financial charges +€8,102
up €8,102 (+57.3%), from €14,133 to €22,235
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.
Cash bridge derived
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 | €1,273,246 | €1,231,488 | -€41,758 | -3.3% |
| Fixed assets | 21/28 | €433,113 | €407,876 | -€25,237 | -5.8% |
| Tangible fixed assets | 22/27 | €431,363 | €402,526 | -€28,837 | -6.7% |
| Plant, machinery and equipment | 23 | €21,020 | €30,304 | +€9,284 | +44.2% |
| Furniture and vehicles | 24 | €45,850 | €45,970 | +€120 | +0.3% |
| Leasing and similar rights | 25 | €364,493 | €326,252 | -€38,241 | -10.5% |
| Financial fixed assets | 28 | €1,750 | €5,350 | +€3,600 | +205.7% |
| Current assets | 29/58 | €840,134 | €823,612 | -€16,522 | -2.0% |
| Stocks and contracts in progress | 3 | €699,560 | €696,407 | -€3,153 | -0.5% |
| Stocks | 30/36 | €77,160 | €159,403 | +€82,243 | +106.6% |
| Contracts in progress | 37 | €622,400 | €537,004 | -€85,396 | -13.7% |
| Amounts receivable within one year | 40/41 | €112,807 | €51,962 | -€60,845 | -53.9% |
| Trade receivables | 40 | €89,274 | €11,927 | -€77,347 | -86.6% |
| Other amounts receivable | 41 | €23,533 | €40,034 | +€16,502 | +70.1% |
| Cash at bank and in hand | 54/58 | €26,536 | €75,196 | +€48,660 | +183.4% |
| Deferred charges and accrued income | 490/1 | €1,231 | €48 | -€1,183 | -96.1% |
| Total equity and liabilities | 10/49 | €1,273,246 | €1,231,488 | -€41,758 | -3.3% |
| Equity | 10/15 | €574,187 | €684,983 | +€110,796 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €555,587 | €666,383 | +€110,796 | +19.9% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €550,587 | €661,383 | +€110,796 | +20.1% |
| Amounts payable | 17/49 | €699,059 | €546,505 | -€152,554 | -21.8% |
| Amounts payable after more than one year | 17 | €229,984 | €212,014 | -€17,971 | -7.8% |
| Financial debts | 170/4 | €229,984 | €212,014 | -€17,971 | -7.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €468,525 | €334,118 | -€134,407 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €90,937 | €47,971 | -€42,966 | -47.2% |
| Financial debts | 43 | €30,000 | €39,786 | +€9,786 | +32.6% |
| Credit institutions | 430/8 | €30,000 | €39,786 | +€9,786 | +32.6% |
| Trade debts | 44 | €118,068 | €21,501 | -€96,567 | -81.8% |
| Suppliers | 440/4 | €118,068 | €21,501 | -€96,567 | -81.8% |
| Taxes, remuneration and social security | 45 | €149,957 | €97,404 | -€52,553 | -35.0% |
| Taxes | 450/3 | €134,864 | €80,749 | -€54,115 | -40.1% |
| Remuneration and social security | 454/9 | €15,093 | €16,655 | +€1,562 | +10.4% |
| Other amounts payable | 47/48 | €79,563 | €127,456 | +€47,893 | +60.2% |
| Accrued charges and deferred income | 492/3 | €550 | €373 | -€177 | -32.1% |
| Remuneration, social security and pensions | 62 | €87,209 | €132,038 | +€44,829 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,809 | €72,205 | +€5,396 | +8.1% |
| Other operating charges | 640/8 | €16,605 | €9,859 | -€6,747 | -40.6% |
| Non-recurring operating charges | 66A | - | -€887 | -€887 | |
| Gross operating margin | 9900 | €624,258 | €365,864 | -€258,394 | -41.4% |
| Operating profit (loss) | 9901 | €453,635 | €152,650 | -€300,985 | -66.3% |
| Financial income | 75/76B | €3,494 | €14,945 | +€11,451 | +327.7% |
| Recurring financial income | 75 | €3,494 | €14,945 | +€11,451 | +327.7% |
| Financial charges | 65/66B | €14,133 | €22,235 | +€8,102 | +57.3% |
| Recurring financial charges | 65 | €14,133 | €22,235 | +€8,102 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €442,996 | €145,360 | -€297,636 | -67.2% |
| Income taxes | 67/77 | €110,749 | €34,564 | -€76,185 | -68.8% |
| Profit (loss) for the period | 9904 | €332,247 | €110,796 | -€221,451 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €332,247 | €110,796 | -€221,451 | -66.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.