BEN VAN SANDE: 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 SANDE
Largest movements
- Receivables within one year +€73,966
up €73,966 (+177%), from €41,894 to €115,860
of which Other amounts receivable: +€64,219
- Tangible fixed assets -€37,954
down €37,954 (-7.4%), from €512,938 to €474,984
of which Furniture and vehicles: -€21,117
- Cash -€13,226
down €13,226 (-71.7%), from €18,441 to €5,215
mainly Receivables within one year (-€73,966) and Debts after one year (-€18,419)
- Reserves +€41,685
up €41,685 (+11.7%), from €355,220 to €396,905
- Debts after one year -€18,419
down €18,419 (-12.3%), from €150,001 to €131,582
- Tax, wage and social debts +€12,574
up €12,574 (+280%), from €4,493 to €17,067
of which Taxes: +€12,574
- Trade debts -€12,554
down €12,554 (-70.9%), from €17,699 to €5,145
- Gross operating margin +€56,800
up €56,800 (+194%), from €29,213 to €86,013
- Depreciation -€17,631
down €17,631 (-46.4%), from €37,993 to €20,362
- Taxes +€14,067
up €14,067, from €0 to €14,067
- Staff costs -€5,745
down €5,745 (-93.2%), from €6,166 to €422
- Financial income +€2,671
up €2,671 (+45,656%), from €6 to €2,677
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 | €577,815 | €598,720 | +€20,904 | +3.6% |
| Fixed assets | 21/28 | €512,938 | €474,984 | -€37,954 | -7.4% |
| Tangible fixed assets | 22/27 | €512,938 | €474,984 | -€37,954 | -7.4% |
| Land and buildings | 22 | €462,455 | €447,607 | -€14,848 | -3.2% |
| Plant, machinery and equipment | 23 | €0 | €1,749 | +€1,749 | |
| Furniture and vehicles | 24 | €33,397 | €12,280 | -€21,117 | -63.2% |
| Other tangible fixed assets | 26 | €17,086 | €13,348 | -€3,738 | -21.9% |
| Current assets | 29/58 | €64,877 | €123,735 | +€58,858 | +90.7% |
| Stocks and contracts in progress | 3 | €1,740 | €635 | -€1,105 | -63.5% |
| Stocks | 30/36 | €1,740 | €635 | -€1,105 | -63.5% |
| Amounts receivable within one year | 40/41 | €41,894 | €115,860 | +€73,966 | +177% |
| Trade receivables | 40 | €22,172 | €31,919 | +€9,747 | +44.0% |
| Other amounts receivable | 41 | €19,721 | €83,941 | +€64,219 | +326% |
| Cash at bank and in hand | 54/58 | €18,441 | €5,215 | -€13,226 | -71.7% |
| Deferred charges and accrued income | 490/1 | €2,803 | €2,026 | -€777 | -27.7% |
| Total equity and liabilities | 10/49 | €577,815 | €598,720 | +€20,904 | +3.6% |
| Equity | 10/15 | €369,420 | €411,105 | +€41,685 | +11.3% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €355,220 | €396,905 | +€41,685 | +11.7% |
| Distributable reserves | 133 | €355,220 | €396,905 | +€41,685 | +11.7% |
| Amounts payable | 17/49 | €208,396 | €187,615 | -€20,781 | -10.0% |
| Amounts payable after more than one year | 17 | €150,001 | €131,582 | -€18,419 | -12.3% |
| Financial debts | 170/4 | €150,001 | €131,582 | -€18,419 | -12.3% |
| Amounts payable within one year | 42/48 | €58,395 | €56,033 | -€2,362 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €36,203 | €33,822 | -€2,381 | -6.6% |
| Trade debts | 44 | €17,699 | €5,145 | -€12,554 | -70.9% |
| Suppliers | 440/4 | €17,699 | €5,145 | -€12,554 | -70.9% |
| Taxes, remuneration and social security | 45 | €4,493 | €17,067 | +€12,574 | +280% |
| Taxes | 450/3 | €4,493 | €17,067 | +€12,574 | +280% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,166 | €422 | -€5,745 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,993 | €20,362 | -€17,631 | -46.4% |
| Other operating charges | 640/8 | €2,879 | €2,847 | -€32 | -1.1% |
| Non-recurring operating charges | 66A | - | €90 | +€90 | |
| Gross operating margin | 9900 | €29,213 | €86,013 | +€56,800 | +194% |
| Operating profit (loss) | 9901 | -€17,824 | €62,293 | +€80,117 | |
| Financial income | 75/76B | €6 | €2,677 | +€2,671 | +45,656% |
| Recurring financial income | 75 | €6 | €2,677 | +€2,671 | +45,656% |
| Financial charges | 65/66B | €8,701 | €9,218 | +€517 | +5.9% |
| Recurring financial charges | 65 | €8,701 | €9,218 | +€517 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,520 | €55,752 | +€82,271 | |
| Income taxes | 67/77 | €0 | €14,067 | +€14,067 | |
| Profit (loss) for the period | 9904 | -€26,520 | €41,685 | +€68,205 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,520 | €41,685 | +€68,205 |
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 17 October 2026 via checked.be.