Ben Van Houdt: 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 Van Houdt
Largest movements
- Receivables within one year -€224,568
down €224,568 (-73.5%), from €305,603 to €81,036
of which Other amounts receivable: -€212,377
- Cash -€90,072
down €90,072 (-58.6%), from €153,750 to €63,678
mainly Other debts (-€294,785) and Contributions, distributions and other (-€23,529)
- Tangible fixed assets -€13,948
down €13,948 (-4.8%), from €292,538 to €278,590
of which Furniture and vehicles: -€7,039
- Other debts -€294,785
down €294,785 (-92.1%), from €320,000 to €25,215
- Profit (loss) carried forward -€21,408
down €21,408 (-15.6%), from €137,002 to €115,594
- Debts after one year -€15,486
down €15,486 (-6.8%), from €228,655 to €213,169
- Tax, wage and social debts +€8,672
up €8,672 (+49.7%), from €17,441 to €26,113
of which Remuneration and social security: +€11,625
- Financial income -€111,694
down €111,694 (-99.7%), from €112,074 to €380
- Gross operating margin -€59,270
down €59,270 (-68.4%), from €86,646 to €27,376
- Depreciation +€3,606
up €3,606 (+34.9%), from €10,342 to €13,948
- Other operating charges +€3,598
up €3,598 (+651%), from €552 to €4,150
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 | €751,891 | €423,303 | -€328,587 | -43.7% |
| Fixed assets | 21/28 | €292,538 | €278,590 | -€13,948 | -4.8% |
| Tangible fixed assets | 22/27 | €292,538 | €278,590 | -€13,948 | -4.8% |
| Land and buildings | 22 | €281,697 | €274,788 | -€6,909 | -2.5% |
| Furniture and vehicles | 24 | €10,841 | €3,802 | -€7,039 | -64.9% |
| Current assets | 29/58 | €459,353 | €144,714 | -€314,639 | -68.5% |
| Amounts receivable within one year | 40/41 | €305,603 | €81,036 | -€224,568 | -73.5% |
| Trade receivables | 40 | €12,191 | - | -€12,191 | |
| Other amounts receivable | 41 | €293,413 | €81,036 | -€212,377 | -72.4% |
| Cash at bank and in hand | 54/58 | €153,750 | €63,678 | -€90,072 | -58.6% |
| Total equity and liabilities | 10/49 | €751,891 | €423,303 | -€328,587 | -43.7% |
| Equity | 10/15 | €167,002 | €145,594 | -€21,408 | -12.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,002 | €115,594 | -€21,408 | -15.6% |
| Amounts payable | 17/49 | €584,889 | €277,710 | -€307,180 | -52.5% |
| Amounts payable after more than one year | 17 | €228,655 | €213,169 | -€15,486 | -6.8% |
| Financial debts | 170/4 | €228,655 | €213,169 | -€15,486 | -6.8% |
| Amounts payable within one year | 42/48 | €356,234 | €64,541 | -€291,693 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €18,679 | €13,213 | -€5,466 | -29.3% |
| Trade debts | 44 | €114 | - | -€114 | |
| Suppliers | 440/4 | €114 | - | -€114 | |
| Taxes, remuneration and social security | 45 | €17,441 | €26,113 | +€8,672 | +49.7% |
| Taxes | 450/3 | €17,441 | €14,488 | -€2,953 | -16.9% |
| Remuneration and social security | 454/9 | - | €11,625 | +€11,625 | |
| Other amounts payable | 47/48 | €320,000 | €25,215 | -€294,785 | -92.1% |
| Non-recurring operating income | 76A | €99,554 | - | -€99,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,342 | €13,948 | +€3,606 | +34.9% |
| Other operating charges | 640/8 | €552 | €4,150 | +€3,598 | +651% |
| Non-recurring operating charges | 66A | €4,880 | - | -€4,880 | |
| Gross operating margin | 9900 | €86,646 | €27,376 | -€59,270 | -68.4% |
| Operating profit (loss) | 9901 | €70,872 | €9,278 | -€61,594 | -86.9% |
| Financial income | 75/76B | €112,074 | €380 | -€111,694 | -99.7% |
| Recurring financial income | 75 | €112,074 | €380 | -€111,694 | -99.7% |
| Financial charges | 65/66B | €7,239 | €6,910 | -€328 | -4.5% |
| Recurring financial charges | 65 | €7,239 | €6,910 | -€328 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €175,707 | €2,747 | -€172,959 | -98.4% |
| Income taxes | 67/77 | - | €626 | +€626 | |
| Profit (loss) for the period | 9904 | €175,707 | €2,122 | -€173,585 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €175,707 | €2,122 | -€173,585 | -98.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.