BENCH MARKS CREATION: 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.
BENCH MARKS CREATION
Largest movements
- Cash +€24,868
up €24,868 (+60.1%), from €41,345 to €66,213
mainly Other debts (+€34,210) and Depreciation (+€11,923)
- Tangible fixed assets -€10,428
down €10,428 (-4.0%), from €262,539 to €252,111
of which Land and buildings: -€11,296
- Other debts +€34,210
up €34,210 (+19.1%), from €179,246 to €213,456
- Debts after one year -€14,609
down €14,609 (-62.2%), from €23,505 to €8,896
of which Financial debts: -€21,216
- Trade debts -€5,360
down €5,360 (-70.9%), from €7,564 to €2,204
- Gross operating margin +€44,212
up €44,212, from -€27,891 to €16,321
- Depreciation -€1,721
down €1,721 (-12.6%), from €13,644 to €11,923
- Other operating charges +€837
up €837 (+71.7%), from €1,167 to €2,003
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 | €313,007 | €329,182 | +€16,176 | +5.2% |
| Fixed assets | 21/28 | €262,539 | €252,111 | -€10,428 | -4.0% |
| Tangible fixed assets | 22/27 | €262,539 | €252,111 | -€10,428 | -4.0% |
| Land and buildings | 22 | €261,549 | €250,254 | -€11,296 | -4.3% |
| Furniture and vehicles | 24 | €990 | €1,857 | +€868 | +87.7% |
| Current assets | 29/58 | €50,468 | €77,071 | +€26,603 | +52.7% |
| Amounts receivable within one year | 40/41 | €9,123 | €10,858 | +€1,736 | +19.0% |
| Trade receivables | 40 | €1,868 | €9,876 | +€8,008 | +428.7% |
| Other amounts receivable | 41 | €7,254 | €982 | -€6,272 | -86.5% |
| Cash at bank and in hand | 54/58 | €41,345 | €66,213 | +€24,868 | +60.1% |
| Total equity and liabilities | 10/49 | €313,007 | €329,182 | +€16,176 | +5.2% |
| Equity | 10/15 | €81,755 | €83,410 | +€1,655 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,695 | €75,350 | +€1,655 | +2.2% |
| Amounts payable | 17/49 | €231,252 | €245,772 | +€14,520 | +6.3% |
| Amounts payable after more than one year | 17 | €23,505 | €8,896 | -€14,609 | -62.2% |
| Financial debts | 170/4 | €21,216 | - | -€21,216 | |
| Other amounts payable | 178/9 | €2,289 | €8,896 | +€6,607 | +288.6% |
| Amounts payable within one year | 42/48 | €207,746 | €236,876 | +€29,130 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €20,937 | €21,216 | +€280 | +1.3% |
| Trade debts | 44 | €7,564 | €2,204 | -€5,360 | -70.9% |
| Suppliers | 440/4 | €7,564 | €2,204 | -€5,360 | -70.9% |
| Other amounts payable | 47/48 | €179,246 | €213,456 | +€34,210 | +19.1% |
| Non-recurring operating income | 76A | €2,251 | - | -€2,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,644 | €11,923 | -€1,721 | -12.6% |
| Other operating charges | 640/8 | €1,167 | €2,003 | +€837 | +71.7% |
| Gross operating margin | 9900 | -€27,891 | €16,321 | +€44,212 | |
| Operating profit (loss) | 9901 | -€42,702 | €2,395 | +€45,096 | |
| Financial charges | 65/66B | €947 | €740 | -€208 | -21.9% |
| Recurring financial charges | 65 | €947 | €740 | -€208 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,649 | €1,655 | +€45,304 | |
| Profit (loss) for the period | 9904 | -€43,649 | €1,655 | +€45,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,649 | €1,655 | +€45,304 |
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 1 October 2026 via checked.be.