BENJAMIN GOEBELS: 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 GOEBELS
Largest movements
- Cash +€27,094
up €27,094 (+1244.4%), from €2,177 to €29,271
mainly Net result for the year (+€32,260) and Depreciation (+€30,012)
- Tangible fixed assets -€18,363
down €18,363 (-23.1%), from €79,657 to €61,294
of which Furniture and vehicles: -€13,532
- Stocks and contracts +€5,633
up €5,633 (+32.2%), from €17,495 to €23,128
- Receivables within one year -€5,154
down €5,154 (-6.0%), from €85,974 to €80,820
of which Other amounts receivable: -€10,244
- Profit (loss) carried forward +€31,689
up €31,689 (+59.3%), from €53,444 to €85,133
- Tax, wage and social debts -€10,199
down €10,199 (-80.5%), from €12,662 to €2,464
of which Taxes: -€11,651
- Debts after one year -€9,719
down €9,719 (-28.9%), from €33,627 to €23,908
- Trade debts -€2,395
down €2,395 (-4.1%), from €58,779 to €56,385
- Gross operating margin +€21,873
up €21,873 (+35.4%), from €61,706 to €83,578
- Staff costs +€10,670
new in 2025: €10,670
- Depreciation +€5,877
up €5,877 (+24.3%), from €24,135 to €30,012
- Taxes +€2,109
up €2,109 (+34.3%), from €6,153 to €8,262
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 | €185,703 | €195,082 | +€9,379 | +5.1% |
| Fixed assets | 21/28 | €79,657 | €61,294 | -€18,363 | -23.1% |
| Tangible fixed assets | 22/27 | €79,657 | €61,294 | -€18,363 | -23.1% |
| Land and buildings | 22 | €1,904 | €1,428 | -€476 | -25.0% |
| Plant, machinery and equipment | 23 | €17,397 | €13,042 | -€4,355 | -25.0% |
| Furniture and vehicles | 24 | €60,356 | €46,824 | -€13,532 | -22.4% |
| Current assets | 29/58 | €106,045 | €133,788 | +€27,742 | +26.2% |
| Stocks and contracts in progress | 3 | €17,495 | €23,128 | +€5,633 | +32.2% |
| Stocks | 30/36 | €17,495 | €23,128 | +€5,633 | +32.2% |
| Amounts receivable within one year | 40/41 | €85,974 | €80,820 | -€5,154 | -6.0% |
| Trade receivables | 40 | €70,366 | €75,456 | +€5,090 | +7.2% |
| Other amounts receivable | 41 | €15,608 | €5,364 | -€10,244 | -65.6% |
| Cash at bank and in hand | 54/58 | €2,177 | €29,271 | +€27,094 | +1244.4% |
| Deferred charges and accrued income | 490/1 | €400 | €570 | +€170 | +42.4% |
| Total equity and liabilities | 10/49 | €185,703 | €195,082 | +€9,379 | +5.1% |
| Equity | 10/15 | €63,444 | €95,133 | +€31,689 | +49.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,444 | €85,133 | +€31,689 | +59.3% |
| Amounts payable | 17/49 | €122,258 | €99,949 | -€22,310 | -18.2% |
| Amounts payable after more than one year | 17 | €33,627 | €23,908 | -€9,719 | -28.9% |
| Financial debts | 170/4 | €33,627 | €23,908 | -€9,719 | -28.9% |
| Amounts payable within one year | 42/48 | €88,632 | €76,041 | -€12,591 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €9,203 | €9,719 | +€517 | +5.6% |
| Trade debts | 44 | €58,779 | €56,385 | -€2,395 | -4.1% |
| Suppliers | 440/4 | €58,779 | €56,385 | -€2,395 | -4.1% |
| Taxes, remuneration and social security | 45 | €12,662 | €2,464 | -€10,199 | -80.5% |
| Taxes | 450/3 | €12,662 | €1,011 | -€11,651 | -92.0% |
| Remuneration and social security | 454/9 | - | €1,453 | +€1,453 | |
| Other amounts payable | 47/48 | €7,987 | €7,473 | -€514 | -6.4% |
| Remuneration, social security and pensions | 62 | - | €10,670 | +€10,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,135 | €30,012 | +€5,877 | +24.3% |
| Other operating charges | 640/8 | €373 | €282 | -€91 | -24.3% |
| Gross operating margin | 9900 | €61,706 | €83,578 | +€21,873 | +35.4% |
| Operating profit (loss) | 9901 | €37,197 | €42,614 | +€5,417 | +14.6% |
| Financial income | 75/76B | €247 | €171 | -€75 | -30.6% |
| Recurring financial income | 75 | €247 | €171 | -€75 | -30.6% |
| Financial charges | 65/66B | €2,040 | €2,264 | +€224 | +11.0% |
| Recurring financial charges | 65 | €2,040 | €2,264 | +€224 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €35,404 | €40,521 | +€5,117 | +14.5% |
| Income taxes | 67/77 | €6,153 | €8,262 | +€2,109 | +34.3% |
| Profit (loss) for the period | 9904 | €29,251 | €32,260 | +€3,009 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,251 | €32,260 | +€3,009 | +10.3% |
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 9 October 2026 via checked.be.