BENCE MORTIER: 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.
BENCE MORTIER
Largest movements
- Receivables within one year +€4,202
up €4,202 (+818%), from €514 to €4,716
of which Trade receivables: +€4,224
- Cash -€3,761
down €3,761 (-14.5%), from €25,899 to €22,138
mainly Other debts (-€25,445) and Investment in fixed assets (net) (-€9,720)
- Stocks and contracts -€3,054
down €3,054 (-12.1%), from €25,267 to €22,213
- Intangible fixed assets -€2,572
down €2,572 (-16.7%), from €15,428 to €12,856
- Tangible fixed assets -€2,457
down €2,457 (-5.5%), from €44,966 to €42,510
of which Furniture and vehicles: -€1,287
- Other debts -€25,445
down €25,445 (-44.3%), from €57,419 to €31,973
- Reserves +€18,177
up €18,177 (+99.3%), from €18,298 to €36,475
- Trade debts +€5,777
up €5,777 (+81.5%), from €7,087 to €12,864
- Debts after one year -€3,565
down €3,565 (-74.5%), from €4,783 to €1,219
- Tax, wage and social debts -€2,223
down €2,223 (-11.9%), from €18,753 to €16,531
of which Remuneration and social security: -€2,109
- Depreciation +€3,602
up €3,602 (+32.3%), from €11,147 to €14,749
- Gross operating margin +€3,066
up €3,066 (+3.7%), from €82,563 to €85,629
- Staff costs -€1,115
down €1,115 (-2.5%), from €44,432 to €43,318
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 | €114,928 | €107,627 | -€7,301 | -6.4% |
| Fixed assets | 21/28 | €60,589 | €55,560 | -€5,029 | -8.3% |
| Intangible fixed assets | 21 | €15,428 | €12,856 | -€2,572 | -16.7% |
| Tangible fixed assets | 22/27 | €44,966 | €42,510 | -€2,457 | -5.5% |
| Plant, machinery and equipment | 23 | €41,068 | €39,899 | -€1,169 | -2.8% |
| Furniture and vehicles | 24 | €3,898 | €2,611 | -€1,287 | -33.0% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €54,339 | €52,067 | -€2,273 | -4.2% |
| Stocks and contracts in progress | 3 | €25,267 | €22,213 | -€3,054 | -12.1% |
| Stocks | 30/36 | €25,267 | €22,213 | -€3,054 | -12.1% |
| Amounts receivable within one year | 40/41 | €514 | €4,716 | +€4,202 | +818% |
| Trade receivables | 40 | €25 | €4,249 | +€4,224 | +16,917% |
| Other amounts receivable | 41 | €489 | €467 | -€22 | -4.4% |
| Cash at bank and in hand | 54/58 | €25,899 | €22,138 | -€3,761 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,659 | €3,000 | +€340 | +12.8% |
| Total equity and liabilities | 10/49 | €114,928 | €107,627 | -€7,301 | -6.4% |
| Equity | 10/15 | €23,298 | €41,475 | +€18,177 | +78.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,298 | €36,475 | +€18,177 | +99.3% |
| Distributable reserves | 133 | €18,298 | €36,475 | +€18,177 | +99.3% |
| Amounts payable | 17/49 | €91,630 | €66,152 | -€25,479 | -27.8% |
| Amounts payable after more than one year | 17 | €4,783 | €1,219 | -€3,565 | -74.5% |
| Financial debts | 170/4 | €4,783 | €1,219 | -€3,565 | -74.5% |
| Amounts payable within one year | 42/48 | €86,689 | €64,933 | -€21,756 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €3,430 | €3,565 | +€134 | +3.9% |
| Trade debts | 44 | €7,087 | €12,864 | +€5,777 | +81.5% |
| Suppliers | 440/4 | €7,087 | €12,864 | +€5,777 | +81.5% |
| Taxes, remuneration and social security | 45 | €18,753 | €16,531 | -€2,223 | -11.9% |
| Taxes | 450/3 | €12,126 | €12,012 | -€114 | -0.9% |
| Remuneration and social security | 454/9 | €6,628 | €4,519 | -€2,109 | -31.8% |
| Other amounts payable | 47/48 | €57,419 | €31,973 | -€25,445 | -44.3% |
| Accrued charges and deferred income | 492/3 | €158 | €0 | -€158 | -100% |
| Remuneration, social security and pensions | 62 | €44,432 | €43,318 | -€1,115 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,147 | €14,749 | +€3,602 | +32.3% |
| Other operating charges | 640/8 | €643 | €690 | +€47 | +7.3% |
| Gross operating margin | 9900 | €82,563 | €85,629 | +€3,066 | +3.7% |
| Operating profit (loss) | 9901 | €26,340 | €26,872 | +€531 | +2.0% |
| Financial income | 75/76B | €440 | €393 | -€48 | -10.8% |
| Recurring financial income | 75 | €440 | €393 | -€48 | -10.8% |
| Financial charges | 65/66B | €1,623 | €1,735 | +€112 | +6.9% |
| Recurring financial charges | 65 | €1,623 | €1,735 | +€112 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €25,158 | €25,530 | +€372 | +1.5% |
| Income taxes | 67/77 | €6,860 | €7,352 | +€492 | +7.2% |
| Profit (loss) for the period | 9904 | €18,298 | €18,177 | -€121 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,298 | €18,177 | -€121 | -0.7% |
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 21 October 2026 via checked.be.