Bendelcom: 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.
Bendelcom
Largest movements
- Receivables within one year -€3,005
down €3,005 (-58.0%), from €5,183 to €2,177
of which Trade receivables: -€3,005
- Other debts -€9,480
down €9,480 (-27.8%), from €34,070 to €24,590
- Tax, wage and social debts +€6,641
up €6,641 (+48.0%), from €13,825 to €20,466
- Trade debts -€5,742
down €5,742 (-80.4%), from €7,142 to €1,400
- Reserves +€4,765
up €4,765 (+11.7%), from €40,560 to €45,325
of which Distributable reserves: +€4,765
- Gross operating margin +€10,809
up €10,809 (+48.8%), from €22,136 to €32,945
- Taxes +€1,617
up €1,617 (+25.7%), from €6,297 to €7,914
- Depreciation -€819
down €819 (-42.8%), from €1,917 to €1,097
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 | €102,719 | €99,483 | -€3,235 | -3.1% |
| Fixed assets | 21/28 | €1,817 | €1,210 | -€607 | -33.4% |
| Tangible fixed assets | 22/27 | €1,817 | €1,210 | -€607 | -33.4% |
| Plant, machinery and equipment | 23 | €126 | €0 | -€126 | -100% |
| Furniture and vehicles | 24 | €1,692 | €1,210 | -€482 | -28.5% |
| Current assets | 29/58 | €100,901 | €98,273 | -€2,628 | -2.6% |
| Amounts receivable within one year | 40/41 | €5,183 | €2,177 | -€3,005 | -58.0% |
| Trade receivables | 40 | €3,205 | €200 | -€3,005 | -93.8% |
| Other amounts receivable | 41 | €1,977 | €1,977 | = | 0.0% |
| Current investments | 50/53 | €3,371 | €3,403 | +€32 | +1.0% |
| Cash at bank and in hand | 54/58 | €91,014 | €91,489 | +€475 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,334 | €1,205 | -€129 | -9.7% |
| Total equity and liabilities | 10/49 | €102,719 | €99,483 | -€3,235 | -3.1% |
| Equity | 10/15 | €46,862 | €51,532 | +€4,670 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,560 | €45,325 | +€4,765 | +11.7% |
| 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 | €38,700 | €43,465 | +€4,765 | +12.3% |
| Profit (loss) carried forward | 14 | €102 | €7 | -€95 | -93.0% |
| Amounts payable | 17/49 | €55,857 | €47,951 | -€7,906 | -14.2% |
| Amounts payable within one year | 42/48 | €55,037 | €46,699 | -€8,338 | -15.2% |
| Trade debts | 44 | €7,142 | €1,400 | -€5,742 | -80.4% |
| Suppliers | 440/4 | €7,142 | €1,400 | -€5,742 | -80.4% |
| Advances received on contracts in progress | 46 | - | €242 | +€242 | |
| Taxes, remuneration and social security | 45 | €13,825 | €20,466 | +€6,641 | +48.0% |
| Taxes | 450/3 | €13,825 | €20,466 | +€6,641 | +48.0% |
| Other amounts payable | 47/48 | €34,070 | €24,590 | -€9,480 | -27.8% |
| Accrued charges and deferred income | 492/3 | €820 | €1,253 | +€433 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €1,097 | -€819 | -42.8% |
| Other operating charges | 640/8 | €749 | €631 | -€118 | -15.7% |
| Gross operating margin | 9900 | €22,136 | €32,945 | +€10,809 | +48.8% |
| Operating profit (loss) | 9901 | €19,471 | €31,216 | +€11,746 | +60.3% |
| Financial income | 75/76B | €81 | €38 | -€43 | -53.3% |
| Recurring financial income | 75 | €81 | €38 | -€43 | -53.3% |
| Financial charges | 65/66B | €1,542 | €1,670 | +€128 | +8.3% |
| Recurring financial charges | 65 | €1,542 | €1,670 | +€128 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €18,010 | €29,584 | +€11,574 | +64.3% |
| Income taxes | 67/77 | €6,297 | €7,914 | +€1,617 | +25.7% |
| Profit (loss) for the period | 9904 | €11,713 | €21,670 | +€9,957 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,713 | €21,670 | +€9,957 | +85.0% |
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.