BENEDICTE DARGENT: 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.
BENEDICTE DARGENT
Largest movements
- Tangible fixed assets -€25,366
down €25,366 (-17.7%), from €143,370 to €118,004
of which Plant, machinery and equipment: -€23,859
- Receivables within one year -€7,981
down €7,981 (-98.2%), from €8,127 to €146
- Cash -€5,140
down €5,140 (-62.4%), from €8,243 to €3,103
mainly Debts after one year (-€30,287) and Trade debts (-€8,050)
- Debts after one year -€30,287
down €30,287 (-57.6%), from €52,541 to €22,254
- Profit (loss) carried forward +€10,074
up €10,074 (+4,430%), from €227 to €10,302
- Trade debts -€8,050
down €8,050 (-24.3%), from €33,073 to €25,023
- Short-term financial debts -€5,929
down €5,929 (-31.7%), from €18,708 to €12,778
- Other debts -€2,347
down €2,347 (-30.1%), from €7,810 to €5,463
- Gross operating margin -€12,750
down €12,750 (-20.9%), from €60,892 to €48,142
- Depreciation -€2,135
down €2,135 (-7.8%), from €27,501 to €25,366
- Financial charges -€1,135
down €1,135 (-14.6%), from €7,797 to €6,662
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 | €163,001 | €125,257 | -€37,744 | -23.2% |
| Fixed assets | 21/28 | €143,370 | €118,004 | -€25,366 | -17.7% |
| Tangible fixed assets | 22/27 | €143,370 | €118,004 | -€25,366 | -17.7% |
| Plant, machinery and equipment | 23 | €141,173 | €117,315 | -€23,859 | -16.9% |
| Furniture and vehicles | 24 | €2,197 | €690 | -€1,507 | -68.6% |
| Current assets | 29/58 | €19,631 | €7,252 | -€12,378 | -63.1% |
| Stocks and contracts in progress | 3 | €3,260 | €4,004 | +€743 | +22.8% |
| Stocks | 30/36 | €3,260 | €4,004 | +€743 | +22.8% |
| Amounts receivable within one year | 40/41 | €8,127 | €146 | -€7,981 | -98.2% |
| Trade receivables | 40 | €8,127 | €146 | -€7,981 | -98.2% |
| Cash at bank and in hand | 54/58 | €8,243 | €3,103 | -€5,140 | -62.4% |
| Total equity and liabilities | 10/49 | €163,001 | €125,257 | -€37,744 | -23.2% |
| Equity | 10/15 | €6,488 | €16,562 | +€10,074 | +155% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Distributable reserves | 133 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227 | €10,302 | +€10,074 | +4,430% |
| Amounts payable | 17/49 | €156,513 | €108,694 | -€47,819 | -30.6% |
| Amounts payable after more than one year | 17 | €52,541 | €22,254 | -€30,287 | -57.6% |
| Financial debts | 170/4 | €52,541 | €22,254 | -€30,287 | -57.6% |
| Amounts payable within one year | 42/48 | €103,972 | €86,440 | -€17,532 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €29,497 | €30,287 | +€790 | +2.7% |
| Financial debts | 43 | €18,708 | €12,778 | -€5,929 | -31.7% |
| Credit institutions | 430/8 | €18,708 | €12,778 | -€5,929 | -31.7% |
| Trade debts | 44 | €33,073 | €25,023 | -€8,050 | -24.3% |
| Suppliers | 440/4 | €33,073 | €25,023 | -€8,050 | -24.3% |
| Taxes, remuneration and social security | 45 | €14,885 | €12,890 | -€1,995 | -13.4% |
| Taxes | 450/3 | €14,824 | €10,990 | -€3,835 | -25.9% |
| Remuneration and social security | 454/9 | €61 | €1,900 | +€1,839 | +3,036% |
| Other amounts payable | 47/48 | €7,810 | €5,463 | -€2,347 | -30.1% |
| Remuneration, social security and pensions | 62 | €553 | €656 | +€103 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,501 | €25,366 | -€2,135 | -7.8% |
| Other operating charges | 640/8 | €1,012 | €1,218 | +€206 | +20.3% |
| Non-recurring operating charges | 66A | €423 | €50 | -€373 | -88.2% |
| Gross operating margin | 9900 | €60,892 | €48,142 | -€12,750 | -20.9% |
| Operating profit (loss) | 9901 | €31,402 | €20,852 | -€10,550 | -33.6% |
| Financial charges | 65/66B | €7,797 | €6,662 | -€1,135 | -14.6% |
| Recurring financial charges | 65 | €7,797 | €6,662 | -€1,135 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €23,606 | €14,190 | -€9,416 | -39.9% |
| Income taxes | 67/77 | €4,674 | €4,115 | -€559 | -12.0% |
| Profit (loss) for the period | 9904 | €18,931 | €10,074 | -€8,857 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,931 | €10,074 | -€8,857 | -46.8% |
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.