BEN THAMI: 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 THAMI
Largest movements
- Financial fixed assets -€327,820
no longer reported in 2025 (was €327,820)
- Receivables within one year +€326,393
up €326,393 (+114.1%), from €286,118 to €612,511
of which Other amounts receivable: +€318,850
- Tangible fixed assets -€23,481
down €23,481 (-22.5%), from €104,563 to €81,082
- Cash -€13,383
down €13,383 (-48.3%), from €27,702 to €14,319
mainly Receivables within one year (-€326,393) and Debts after one year (-€29,895)
- Accrued charges and deferred income +€33,000
new in 2025: €33,000
- Debts after one year -€29,895
down €29,895 (-86.5%), from €34,571 to €4,676
- Tax, wage and social debts -€22,504
down €22,504 (-30.8%), from €73,161 to €50,657
of which Remuneration and social security: -€20,218
- Other debts -€17,627
no longer reported in 2025 (was €17,627)
- Trade debts -€12,891
down €12,891 (-8.8%), from €146,716 to €133,825
- Gross operating margin -€63,919
down €63,919 (-13.0%), from €489,942 to €426,023
- Staff costs -€52,252
down €52,252 (-12.3%), from €426,314 to €374,062
- Other operating charges +€14,627
up €14,627 (+4302.1%), from €340 to €14,967
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 | €753,577 | €719,247 | -€34,330 | -4.6% |
| Fixed assets | 21/28 | €432,383 | €81,082 | -€351,301 | -81.2% |
| Tangible fixed assets | 22/27 | €104,563 | €81,082 | -€23,481 | -22.5% |
| Furniture and vehicles | 24 | €104,563 | €81,082 | -€23,481 | -22.5% |
| Financial fixed assets | 28 | €327,820 | - | -€327,820 | |
| Current assets | 29/58 | €321,194 | €638,165 | +€316,971 | +98.7% |
| Amounts receivable within one year | 40/41 | €286,118 | €612,511 | +€326,393 | +114.1% |
| Trade receivables | 40 | €283,227 | €290,770 | +€7,543 | +2.7% |
| Other amounts receivable | 41 | €2,891 | €321,741 | +€318,850 | +11029.1% |
| Cash at bank and in hand | 54/58 | €27,702 | €14,319 | -€13,383 | -48.3% |
| Deferred charges and accrued income | 490/1 | €7,374 | €11,335 | +€3,961 | +53.7% |
| Total equity and liabilities | 10/49 | €753,577 | €719,247 | -€34,330 | -4.6% |
| Equity | 10/15 | €428,877 | €443,464 | +€14,587 | +3.4% |
| Contributions | 10/11 | €126,197 | €138,592 | +€12,395 | +9.8% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,860 | €13,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,820 | €291,012 | +€2,192 | +0.8% |
| Amounts payable | 17/49 | €324,700 | €275,783 | -€48,917 | -15.1% |
| Amounts payable after more than one year | 17 | €34,571 | €4,676 | -€29,895 | -86.5% |
| Financial debts | 170/4 | €34,571 | €4,676 | -€29,895 | -86.5% |
| Amounts payable within one year | 42/48 | €290,129 | €238,107 | -€52,022 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €39,922 | €40,965 | +€1,043 | +2.6% |
| Financial debts | 43 | €12,703 | €12,660 | -€43 | -0.3% |
| Credit institutions | 430/8 | €12,703 | €12,660 | -€43 | -0.3% |
| Trade debts | 44 | €146,716 | €133,825 | -€12,891 | -8.8% |
| Suppliers | 440/4 | €146,716 | €133,825 | -€12,891 | -8.8% |
| Taxes, remuneration and social security | 45 | €73,161 | €50,657 | -€22,504 | -30.8% |
| Taxes | 450/3 | €2,286 | - | -€2,286 | |
| Remuneration and social security | 454/9 | €70,875 | €50,657 | -€20,218 | -28.5% |
| Other amounts payable | 47/48 | €17,627 | - | -€17,627 | |
| Accrued charges and deferred income | 492/3 | - | €33,000 | +€33,000 | |
| Remuneration, social security and pensions | 62 | €426,314 | €374,062 | -€52,252 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,699 | €23,481 | +€3,782 | +19.2% |
| Other operating charges | 640/8 | €340 | €14,967 | +€14,627 | +4302.1% |
| Gross operating margin | 9900 | €489,942 | €426,023 | -€63,919 | -13.0% |
| Operating profit (loss) | 9901 | €43,589 | €13,513 | -€30,076 | -69.0% |
| Financial charges | 65/66B | €13,154 | €11,321 | -€1,833 | -13.9% |
| Recurring financial charges | 65 | €13,154 | €11,321 | -€1,833 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €30,435 | €2,192 | -€28,243 | -92.8% |
| Profit (loss) for the period | 9904 | €30,435 | €2,192 | -€28,243 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,435 | €2,192 | -€28,243 | -92.8% |
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 8 October 2026 via checked.be.