BENJAMIN FRANKLIN: what changed
Two fiscal 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 FRANKLIN
Largest movements
- Receivables within one year +€291,530
up €291,530 (+469.5%), from €62,092 to €353,622
of which Other amounts receivable: +€297,571
- Tangible fixed assets -€100,905
down €100,905 (-3.1%), from €3.3m to €3.2m
- Stocks and contracts +€36,291
up €36,291 (+73.6%), from €49,304 to €85,596
- Short-term financial debts +€1.3m
up €1.3m (+13426.8%), from €9,313 to €1.3m
- Other debts -€682,799
down €682,799 (-96.7%), from €705,879 to €23,080
- Profit (loss) carried forward -€197,741
down €197,741 (-168.5%), from -€117,367 to -€315,108
- Debts after one year -€126,000
down €126,000 (-4.8%), from €2.6m to €2.5m
- Other operating charges +€73,754
up €73,754 (+89.4%), from €82,464 to €156,218
- Gross operating margin -€6,788
down €6,788 (-10.3%), from €66,170 to €59,382
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.
Cash bridge derived
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 | €3,366,898 | €3,611,758 | +€244,860 | +7.3% |
| Fixed assets | 21/28 | €3,255,502 | €3,154,598 | -€100,905 | -3.1% |
| Tangible fixed assets | 22/27 | €3,255,502 | €3,154,598 | -€100,905 | -3.1% |
| Land and buildings | 22 | €3,255,502 | €3,154,598 | -€100,905 | -3.1% |
| Current assets | 29/58 | €111,396 | €457,161 | +€345,764 | +310.4% |
| Stocks and contracts in progress | 3 | €49,304 | €85,596 | +€36,291 | +73.6% |
| Stocks | 30/36 | €49,304 | €85,596 | +€36,291 | +73.6% |
| Amounts receivable within one year | 40/41 | €62,092 | €353,622 | +€291,530 | +469.5% |
| Trade receivables | 40 | €14,311 | €8,269 | -€6,041 | -42.2% |
| Other amounts receivable | 41 | €47,781 | €345,353 | +€297,571 | +622.8% |
| Cash at bank and in hand | 54/58 | - | €17,943 | +€17,943 | |
| Total equity and liabilities | 10/49 | €3,366,898 | €3,611,758 | +€244,860 | +7.3% |
| Equity | 10/15 | -€111,367 | -€309,108 | -€197,741 | -177.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,367 | -€315,108 | -€197,741 | -168.5% |
| Amounts payable | 17/49 | €3,478,265 | €3,920,866 | +€442,601 | +12.7% |
| Amounts payable after more than one year | 17 | €2,637,000 | €2,511,000 | -€126,000 | -4.8% |
| Financial debts | 170/4 | €2,637,000 | €2,511,000 | -€126,000 | -4.8% |
| Amounts payable within one year | 42/48 | €841,265 | €1,408,868 | +€567,602 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €126,000 | €126,000 | = | 0.0% |
| Financial debts | 43 | €9,313 | €1,259,787 | +€1.3m | +13426.8% |
| Credit institutions | 430/8 | €9,313 | €1,259,787 | +€1.3m | +13426.8% |
| Trade debts | 44 | €73 | - | -€73 | |
| Suppliers | 440/4 | €73 | - | -€73 | |
| Other amounts payable | 47/48 | €705,879 | €23,080 | -€682,799 | -96.7% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,905 | €100,905 | = | 0.0% |
| Other operating charges | 640/8 | €82,464 | €156,218 | +€73,754 | +89.4% |
| Gross operating margin | 9900 | €66,170 | €59,382 | -€6,788 | -10.3% |
| Operating profit (loss) | 9901 | -€117,199 | -€197,741 | -€80,542 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | -€117,199 | -€197,741 | -€80,542 | -68.7% |
| Profit (loss) for the period | 9904 | -€117,199 | -€197,741 | -€80,542 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€117,199 | -€197,741 | -€80,542 | -68.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.