BENCH MARKETING: 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.
BENCH MARKETING
Largest movements
- Cash -€120,159
down €120,159 (-75.9%), from €158,263 to €38,105
mainly Accrued charges and deferred income (-€79,667) and Other debts (-€45,299)
- Receivables within one year -€12,975
down €12,975 (-6.5%), from €199,950 to €186,975
of which Other amounts receivable: -€43,424
- Deferred charges and accrued income +€10,885
up €10,885 (+148%), from €7,378 to €18,264
- Tangible fixed assets -€9,847
down €9,847 (-4.8%), from €203,521 to €193,674
of which Land and buildings: -€8,522
- Accrued charges and deferred income -€79,667
down €79,667 (-53.0%), from €150,230 to €70,564
- Other debts -€45,299
down €45,299 (-100%), from €45,299 to €0
- Trade debts -€36,861
down €36,861 (-56.8%), from €64,938 to €28,076
- Reserves +€33,500
up €33,500 (+30.2%), from €111,035 to €144,535
of which Distributable reserves: +€33,500
- Debts after one year -€10,865
down €10,865 (-7.8%), from €139,456 to €128,590
- Gross operating margin +€51,402
up €51,402 (+70.9%), from €72,496 to €123,898
- Depreciation +€12,885
up €12,885 (+136%), from €9,497 to €22,382
- Taxes +€12,444
up €12,444 (+629%), from €1,979 to €14,423
- Financial charges -€2,644
down €2,644 (-4.7%), from €56,068 to €53,424
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 | €576,163 | €444,068 | -€132,095 | -22.9% |
| Fixed assets | 21/28 | €210,571 | €200,724 | -€9,847 | -4.7% |
| Tangible fixed assets | 22/27 | €203,521 | €193,674 | -€9,847 | -4.8% |
| Land and buildings | 22 | €200,852 | €192,329 | -€8,522 | -4.2% |
| Plant, machinery and equipment | 23 | €515 | €331 | -€184 | -35.7% |
| Furniture and vehicles | 24 | €1,971 | €1,014 | -€957 | -48.6% |
| Other tangible fixed assets | 26 | €184 | €0 | -€184 | -100% |
| Financial fixed assets | 28 | €7,050 | €7,050 | = | 0.0% |
| Current assets | 29/58 | €365,592 | €243,344 | -€122,248 | -33.4% |
| Amounts receivable within one year | 40/41 | €199,950 | €186,975 | -€12,975 | -6.5% |
| Trade receivables | 40 | €140,954 | €171,403 | +€30,449 | +21.6% |
| Other amounts receivable | 41 | €58,996 | €15,572 | -€43,424 | -73.6% |
| Cash at bank and in hand | 54/58 | €158,263 | €38,105 | -€120,159 | -75.9% |
| Deferred charges and accrued income | 490/1 | €7,378 | €18,264 | +€10,885 | +148% |
| Total equity and liabilities | 10/49 | €576,163 | €444,068 | -€132,095 | -22.9% |
| Equity | 10/15 | €155,293 | €188,874 | +€33,581 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,035 | €144,535 | +€33,500 | +30.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,175 | €142,675 | +€33,500 | +30.7% |
| Profit (loss) carried forward | 14 | €38,058 | €38,139 | +€81 | +0.2% |
| Amounts payable | 17/49 | €420,870 | €255,193 | -€165,677 | -39.4% |
| Amounts payable after more than one year | 17 | €139,456 | €128,590 | -€10,865 | -7.8% |
| Financial debts | 170/4 | €139,456 | €128,590 | -€10,865 | -7.8% |
| Amounts payable within one year | 42/48 | €131,184 | €56,039 | -€75,145 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €10,544 | €10,865 | +€321 | +3.0% |
| Trade debts | 44 | €64,938 | €28,076 | -€36,861 | -56.8% |
| Suppliers | 440/4 | €64,938 | €28,076 | -€36,861 | -56.8% |
| Taxes, remuneration and social security | 45 | €10,403 | €17,098 | +€6,694 | +64.3% |
| Taxes | 450/3 | €3,302 | €17,098 | +€13,796 | +418% |
| Remuneration and social security | 454/9 | €7,102 | €0 | -€7,102 | -100% |
| Other amounts payable | 47/48 | €45,299 | €0 | -€45,299 | -100% |
| Accrued charges and deferred income | 492/3 | €150,230 | €70,564 | -€79,667 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,497 | €22,382 | +€12,885 | +136% |
| Other operating charges | 640/8 | €875 | €993 | +€118 | +13.5% |
| Gross operating margin | 9900 | €72,496 | €123,898 | +€51,402 | +70.9% |
| Operating profit (loss) | 9901 | €62,124 | €100,524 | +€38,399 | +61.8% |
| Financial income | 75/76B | €270 | €905 | +€635 | +236% |
| Recurring financial income | 75 | €270 | €905 | +€635 | +236% |
| Financial charges | 65/66B | €56,068 | €53,424 | -€2,644 | -4.7% |
| Recurring financial charges | 65 | €56,068 | €53,424 | -€2,644 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €6,326 | €48,004 | +€41,678 | +659% |
| Income taxes | 67/77 | €1,979 | €14,423 | +€12,444 | +629% |
| Profit (loss) for the period | 9904 | €4,347 | €33,581 | +€29,234 | +672% |
| Profit (loss) for the period to be appropriated | 9905 | €4,347 | €33,581 | +€29,234 | +672% |
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 15 October 2026 via checked.be.