BENGELTJE: 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.
BENGELTJE
Largest movements
- Cash +€248,246
up €248,246 (+47,495%), from €523 to €248,769
mainly Net result for the year (+€244,511) and Investment in fixed assets (net) (+€146,850)
- Receivables within one year +€144,170
up €144,170 (+7,581%), from €1,902 to €146,072
of which Other amounts receivable: +€143,001
- Financial fixed assets -€120,500
down €120,500 (-100%), from €120,500 to €0
- Tangible fixed assets -€28,902
down €28,902 (-75.7%), from €38,195 to €9,293
of which Land and buildings: -€38,195
- Reserves +€243,678
up €243,678 (+382%), from €63,791 to €307,469
of which Distributable reserves: +€243,678
- Other debts -€81,624
down €81,624 (-99.3%), from €82,207 to €583
- Tax, wage and social debts +€72,212
up €72,212 (+3,503%), from €2,062 to €74,274
- Debts after one year +€6,788
new in 2026: €6,788
- Gross operating margin +€223,413
up €223,413 (+2,385%), from €9,369 to €232,782
- Financial income +€91,265
up €91,265 (+2,963,163%), from €3 to €91,269
- Taxes +€72,692
up €72,692 (+14,808%), from €491 to €73,183
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,119 | €404,254 | +€243,134 | +151% |
| Fixed assets | 21/28 | €158,695 | €9,293 | -€149,402 | -94.1% |
| Tangible fixed assets | 22/27 | €38,195 | €9,293 | -€28,902 | -75.7% |
| Land and buildings | 22 | €38,195 | €0 | -€38,195 | -100% |
| Furniture and vehicles | 24 | - | €9,293 | +€9,293 | |
| Financial fixed assets | 28 | €120,500 | €0 | -€120,500 | -100% |
| Current assets | 29/58 | €2,424 | €394,961 | +€392,536 | +16,191% |
| Amounts receivable within one year | 40/41 | €1,902 | €146,072 | +€144,170 | +7,581% |
| Trade receivables | 40 | €1,338 | €2,507 | +€1,170 | +87.4% |
| Other amounts receivable | 41 | €564 | €143,565 | +€143,001 | +25,341% |
| Cash at bank and in hand | 54/58 | €523 | €248,769 | +€248,246 | +47,495% |
| Deferred charges and accrued income | 490/1 | €0 | €120 | +€120 | |
| Total equity and liabilities | 10/49 | €161,119 | €404,254 | +€243,134 | +151% |
| Equity | 10/15 | €76,191 | €319,869 | +€243,678 | +320% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,791 | €307,469 | +€243,678 | +382% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €61,932 | €305,610 | +€243,678 | +393% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,929 | €84,385 | -€544 | -0.6% |
| Amounts payable after more than one year | 17 | - | €6,788 | +€6,788 | |
| Financial debts | 170/4 | - | €6,788 | +€6,788 | |
| Amounts payable within one year | 42/48 | €84,889 | €77,597 | -€7,292 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,893 | +€1,893 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €621 | €847 | +€226 | +36.5% |
| Suppliers | 440/4 | €621 | €847 | +€226 | +36.5% |
| Taxes, remuneration and social security | 45 | €2,062 | €74,274 | +€72,212 | +3,503% |
| Taxes | 450/3 | €2,062 | €74,274 | +€72,212 | +3,503% |
| Other amounts payable | 47/48 | €82,207 | €583 | -€81,624 | -99.3% |
| Accrued charges and deferred income | 492/3 | €40 | €0 | -€40 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,030 | €2,552 | +€1,522 | +148% |
| Other operating charges | 640/8 | €3,822 | €2,878 | -€944 | -24.7% |
| Gross operating margin | 9900 | €9,369 | €232,782 | +€223,413 | +2,385% |
| Operating profit (loss) | 9901 | €4,517 | €227,351 | +€222,835 | +4,934% |
| Financial income | 75/76B | €3 | €91,269 | +€91,265 | +2,963,163% |
| Recurring financial income | 75 | €3 | €91,269 | +€91,265 | +2,963,163% |
| Financial charges | 65/66B | €633 | €926 | +€292 | +46.2% |
| Recurring financial charges | 65 | €633 | €926 | +€292 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €3,887 | €317,694 | +€313,808 | +8,074% |
| Income taxes | 67/77 | €491 | €73,183 | +€72,692 | +14,808% |
| Profit (loss) for the period | 9904 | €3,396 | €244,511 | +€241,115 | +7,101% |
| Profit (loss) for the period to be appropriated | 9905 | €3,396 | €244,511 | +€241,115 | +7,101% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.