Bénédicte De Beys: 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.
Bénédicte De Beys
Largest movements
- Receivables within one year -€145,114
down €145,114 (-83.3%), from €174,234 to €29,120
of which Other amounts receivable: -€112,648
- Tangible fixed assets +€21,486
up €21,486 (+158%), from €13,635 to €35,121
of which Furniture and vehicles: +€16,319
- Cash +€3,239
up €3,239 (+28.2%), from €11,479 to €14,718
mainly Receivables within one year (+€145,114) and Other debts (+€55,606)
- Financial fixed assets +€3,000
new in 2025: €3,000
- Profit (loss) carried forward -€180,410
down €180,410 (-95.9%), from €188,161 to €7,751
- Other debts +€55,606
new in 2025: €55,606
- Tax, wage and social debts +€3,760
up €3,760 (+125%), from €3,000 to €6,760
- Trade debts +€3,401
up €3,401 (+473%), from €719 to €4,120
- Gross operating margin +€20,708
up €20,708, from -€4,984 to €15,724
- Financial income -€4,558
down €4,558 (-98.5%), from €4,630 to €72
- Depreciation +€2,807
up €2,807 (+144%), from €1,952 to €4,759
- Taxes +€2,108
up €2,108 (+3,874%), from €54 to €2,162
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 | €201,880 | €84,888 | -€116,993 | -58.0% |
| Fixed assets | 21/28 | €13,635 | €38,121 | +€24,486 | +180% |
| Tangible fixed assets | 22/27 | €13,635 | €35,121 | +€21,486 | +158% |
| Land and buildings | 22 | - | €1,029 | +€1,029 | |
| Plant, machinery and equipment | 23 | €1,142 | €6,468 | +€5,326 | +466% |
| Furniture and vehicles | 24 | €11,305 | €27,623 | +€16,319 | +144% |
| Other tangible fixed assets | 26 | €1,188 | - | -€1,188 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €188,245 | €46,766 | -€141,478 | -75.2% |
| Amounts receivable within one year | 40/41 | €174,234 | €29,120 | -€145,114 | -83.3% |
| Trade receivables | 40 | €51,780 | €19,314 | -€32,466 | -62.7% |
| Other amounts receivable | 41 | €122,454 | €9,806 | -€112,648 | -92.0% |
| Cash at bank and in hand | 54/58 | €11,479 | €14,718 | +€3,239 | +28.2% |
| Deferred charges and accrued income | 490/1 | €2,531 | €2,928 | +€397 | +15.7% |
| Total equity and liabilities | 10/49 | €201,880 | €84,888 | -€116,993 | -58.0% |
| Equity | 10/15 | €198,161 | €17,751 | -€180,410 | -91.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,161 | €7,751 | -€180,410 | -95.9% |
| Amounts payable | 17/49 | €3,719 | €67,136 | +€63,417 | +1,705% |
| Amounts payable within one year | 42/48 | €3,719 | €66,486 | +€62,767 | +1,688% |
| Trade debts | 44 | €719 | €4,120 | +€3,401 | +473% |
| Suppliers | 440/4 | €719 | €4,120 | +€3,401 | +473% |
| Taxes, remuneration and social security | 45 | €3,000 | €6,760 | +€3,760 | +125% |
| Taxes | 450/3 | €3,000 | €6,760 | +€3,760 | +125% |
| Other amounts payable | 47/48 | - | €55,606 | +€55,606 | |
| Accrued charges and deferred income | 492/3 | - | €650 | +€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,952 | €4,759 | +€2,807 | +144% |
| Other operating charges | 640/8 | €975 | €977 | +€2 | +0.2% |
| Non-recurring operating charges | 66A | - | €261 | +€261 | |
| Gross operating margin | 9900 | -€4,984 | €15,724 | +€20,708 | |
| Operating profit (loss) | 9901 | -€7,910 | €9,727 | +€17,638 | |
| Financial income | 75/76B | €4,630 | €72 | -€4,558 | -98.5% |
| Recurring financial income | 75 | €4,630 | €72 | -€4,558 | -98.5% |
| Financial charges | 65/66B | €72 | €47 | -€25 | -34.9% |
| Recurring financial charges | 65 | €72 | €47 | -€25 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,352 | €9,752 | +€13,104 | |
| Income taxes | 67/77 | €54 | €2,162 | +€2,108 | +3,874% |
| Profit (loss) for the period | 9904 | -€3,407 | €7,590 | +€10,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,407 | €7,590 | +€10,997 |
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 19 October 2026 via checked.be.