BENEDIKTE TIMMERMANS: 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.
BENEDIKTE TIMMERMANS
Largest movements
- Receivables within one year +€20,131
up €20,131 (+115%), from €17,528 to €37,659
of which Other amounts receivable: +€19,084
- Cash -€10,600
down €10,600 (-36.2%), from €29,319 to €18,719
mainly Contributions, distributions and other (-€48,415) and Receivables within one year (-€20,131)
- Tangible fixed assets -€1,988
down €1,988 (-43.8%), from €4,537 to €2,549
- Other debts +€4,377
up €4,377 (+8.6%), from €51,165 to €55,542
- Tax, wage and social debts +€4,064
up €4,064 (+140%), from €2,912 to €6,976
- Accrued charges and deferred income -€1,580
down €1,580 (-94.6%), from €1,670 to €90
- Gross operating margin +€15,828
up €15,828 (+28.5%), from €55,459 to €71,287
- Taxes +€3,909
up €3,909 (+25.2%), from €15,532 to €19,441
- Financial charges -€1,466
down €1,466 (-69.9%), from €2,096 to €630
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 | €82,193 | €89,411 | +€7,217 | +8.8% |
| Fixed assets | 21/28 | €34,912 | €32,924 | -€1,988 | -5.7% |
| Tangible fixed assets | 22/27 | €4,537 | €2,549 | -€1,988 | -43.8% |
| Furniture and vehicles | 24 | €4,537 | €2,549 | -€1,988 | -43.8% |
| Financial fixed assets | 28 | €30,375 | €30,375 | = | 0.0% |
| Current assets | 29/58 | €47,282 | €56,487 | +€9,205 | +19.5% |
| Amounts receivable within one year | 40/41 | €17,528 | €37,659 | +€20,131 | +115% |
| Trade receivables | 40 | €11,052 | €12,100 | +€1,048 | +9.5% |
| Other amounts receivable | 41 | €6,475 | €25,559 | +€19,084 | +295% |
| Cash at bank and in hand | 54/58 | €29,319 | €18,719 | -€10,600 | -36.2% |
| Deferred charges and accrued income | 490/1 | €435 | €109 | -€326 | -74.8% |
| Total equity and liabilities | 10/49 | €82,193 | €89,411 | +€7,217 | +8.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,733 | €68,951 | +€7,217 | +11.7% |
| Amounts payable within one year | 42/48 | €60,064 | €68,861 | +€8,797 | +14.6% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €987 | €1,342 | +€356 | +36.1% |
| Suppliers | 440/4 | €987 | €1,342 | +€356 | +36.1% |
| Taxes, remuneration and social security | 45 | €2,912 | €6,976 | +€4,064 | +140% |
| Taxes | 450/3 | €2,912 | €6,976 | +€4,064 | +140% |
| Other amounts payable | 47/48 | €51,165 | €55,542 | +€4,377 | +8.6% |
| Accrued charges and deferred income | 492/3 | €1,670 | €90 | -€1,580 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,721 | €1,988 | +€267 | +15.5% |
| Other operating charges | 640/8 | €404 | €817 | +€413 | +102% |
| Gross operating margin | 9900 | €55,459 | €71,287 | +€15,828 | +28.5% |
| Operating profit (loss) | 9901 | €53,333 | €68,482 | +€15,148 | +28.4% |
| Financial income | 75/76B | €4 | €4 | -€0 | -8.8% |
| Recurring financial income | 75 | €4 | €4 | -€0 | -8.8% |
| Financial charges | 65/66B | €2,096 | €630 | -€1,466 | -69.9% |
| Recurring financial charges | 65 | €2,096 | €630 | -€1,466 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €51,241 | €67,856 | +€16,614 | +32.4% |
| Income taxes | 67/77 | €15,532 | €19,441 | +€3,909 | +25.2% |
| Profit (loss) for the period | 9904 | €35,709 | €48,415 | +€12,705 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,709 | €48,415 | +€12,705 | +35.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.