Benjamin Boddez: 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.
Benjamin Boddez
Largest movements
- Cash +€88,474
up €88,474 (+31.1%), from €284,660 to €373,133
mainly Net result for the year (+€415,902) and Other debts (+€90,116)
- Receivables within one year +€35,321
up €35,321 (+71.5%), from €49,379 to €84,700
of which Trade receivables: +€36,300
- Tangible fixed assets -€12,343
down €12,343 (-27.9%), from €44,282 to €31,939
- Other debts +€90,116
up €90,116 (+28.1%), from €320,972 to €411,088
- Tax, wage and social debts +€15,274
up €15,274 (+50.6%), from €30,161 to €45,435
- Profit (loss) carried forward +€5,902
up €5,902 (+87.3%), from €6,759 to €12,661
- Gross operating margin +€153,113
up €153,113 (+37.5%), from €408,537 to €561,649
- Taxes +€33,514
up €33,514 (+33.5%), from €100,059 to €133,573
- Financial income -€28,890
down €28,890 (-94.2%), from €30,664 to €1,774
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 | €379,668 | €491,130 | +€111,462 | +29.4% |
| Fixed assets | 21/28 | €44,282 | €31,939 | -€12,343 | -27.9% |
| Tangible fixed assets | 22/27 | €44,282 | €31,939 | -€12,343 | -27.9% |
| Furniture and vehicles | 24 | €44,282 | €31,939 | -€12,343 | -27.9% |
| Current assets | 29/58 | €335,386 | €459,191 | +€123,805 | +36.9% |
| Amounts receivable within one year | 40/41 | €49,379 | €84,700 | +€35,321 | +71.5% |
| Trade receivables | 40 | €48,400 | €84,700 | +€36,300 | +75.0% |
| Other amounts receivable | 41 | €979 | - | -€979 | |
| Cash at bank and in hand | 54/58 | €284,660 | €373,133 | +€88,474 | +31.1% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,357 | +€10 | +0.7% |
| Total equity and liabilities | 10/49 | €379,668 | €491,130 | +€111,462 | +29.4% |
| Equity | 10/15 | €27,219 | €33,121 | +€5,902 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,759 | €12,661 | +€5,902 | +87.3% |
| Amounts payable | 17/49 | €352,449 | €458,008 | +€105,559 | +30.0% |
| Amounts payable within one year | 42/48 | €352,449 | €457,815 | +€105,366 | +29.9% |
| Trade debts | 44 | €1,316 | €1,292 | -€24 | -1.8% |
| Suppliers | 440/4 | €1,316 | €1,292 | -€24 | -1.8% |
| Taxes, remuneration and social security | 45 | €30,161 | €45,435 | +€15,274 | +50.6% |
| Taxes | 450/3 | €30,161 | €45,435 | +€15,274 | +50.6% |
| Other amounts payable | 47/48 | €320,972 | €411,088 | +€90,116 | +28.1% |
| Accrued charges and deferred income | 492/3 | - | €193 | +€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,018 | €12,343 | +€326 | +2.7% |
| Other operating charges | 640/8 | €1,361 | €782 | -€579 | -42.6% |
| Gross operating margin | 9900 | €408,537 | €561,649 | +€153,113 | +37.5% |
| Operating profit (loss) | 9901 | €395,158 | €548,525 | +€153,367 | +38.8% |
| Financial income | 75/76B | €30,664 | €1,774 | -€28,890 | -94.2% |
| Recurring financial income | 75 | €30,664 | €1,774 | -€28,890 | -94.2% |
| Financial charges | 65/66B | €290 | €823 | +€534 | +184% |
| Recurring financial charges | 65 | €290 | €823 | +€534 | +184% |
| Profit (loss) for the period before taxes | 9903 | €425,532 | €549,475 | +€123,943 | +29.1% |
| Income taxes | 67/77 | €100,059 | €133,573 | +€33,514 | +33.5% |
| Profit (loss) for the period | 9904 | €325,473 | €415,902 | +€90,429 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €325,473 | €415,902 | +€90,429 | +27.8% |
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 13 October 2026 via checked.be.