BENJAMIN GRESSENS: 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 GRESSENS
Largest movements
- Receivables within one year +€12,554
up €12,554 (+295%), from €4,255 to €16,809
- Cash -€11,005
down €11,005 (-2.8%), from €392,849 to €381,843
mainly Contributions, distributions and other (-€73,796) and Receivables within one year (-€12,554)
- Tangible fixed assets -€10,477
down €10,477 (-25.4%), from €41,329 to €30,852
- Reserves -€38,796
down €38,796 (-11.3%), from €342,870 to €304,074
- Other debts +€29,770
up €29,770 (+64.3%), from €46,285 to €76,055
- Gross operating margin -€64,444
down €64,444 (-30.5%), from €210,994 to €146,551
- Taxes -€22,903
down €22,903 (-61.8%), from €37,089 to €14,186
- Financial charges +€11,284
up €11,284 (+14.3%), from €78,822 to €90,106
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 | €459,617 | €451,080 | -€8,536 | -1.9% |
| Fixed assets | 21/28 | €41,379 | €30,902 | -€10,477 | -25.3% |
| Tangible fixed assets | 22/27 | €41,329 | €30,852 | -€10,477 | -25.4% |
| Furniture and vehicles | 24 | €41,329 | €30,852 | -€10,477 | -25.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €418,237 | €420,178 | +€1,941 | +0.5% |
| Amounts receivable within one year | 40/41 | €4,255 | €16,809 | +€12,554 | +295% |
| Other amounts receivable | 41 | €4,255 | €16,809 | +€12,554 | +295% |
| Cash at bank and in hand | 54/58 | €392,849 | €381,843 | -€11,005 | -2.8% |
| Deferred charges and accrued income | 490/1 | €21,133 | €21,526 | +€392 | +1.9% |
| Total equity and liabilities | 10/49 | €459,617 | €451,080 | -€8,536 | -1.9% |
| Equity | 10/15 | €400,971 | €361,364 | -€39,607 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,870 | €304,074 | -€38,796 | -11.3% |
| Distributable reserves | 133 | €342,870 | €304,074 | -€38,796 | -11.3% |
| Profit (loss) carried forward | 14 | €39,501 | €38,690 | -€811 | -2.1% |
| Amounts payable | 17/49 | €58,646 | €89,716 | +€31,071 | +53.0% |
| Amounts payable within one year | 42/48 | €58,646 | €89,252 | +€30,607 | +52.2% |
| Trade debts | 44 | €3,271 | €4,108 | +€837 | +25.6% |
| Suppliers | 440/4 | €3,271 | €4,108 | +€837 | +25.6% |
| Taxes, remuneration and social security | 45 | €9,089 | €9,089 | = | 0.0% |
| Taxes | 450/3 | €9,089 | €9,089 | = | 0.0% |
| Other amounts payable | 47/48 | €46,285 | €76,055 | +€29,770 | +64.3% |
| Accrued charges and deferred income | 492/3 | - | €464 | +€464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,752 | €11,386 | +€634 | +5.9% |
| Gross operating margin | 9900 | €210,994 | €146,551 | -€64,444 | -30.5% |
| Operating profit (loss) | 9901 | €200,243 | €135,165 | -€65,078 | -32.5% |
| Financial income | 75/76B | €5,261 | €3,317 | -€1,945 | -37.0% |
| Recurring financial income | 75 | €5,261 | €3,317 | -€1,945 | -37.0% |
| Financial charges | 65/66B | €78,822 | €90,106 | +€11,284 | +14.3% |
| Recurring financial charges | 65 | €78,822 | €90,106 | +€11,284 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €126,682 | €48,375 | -€78,307 | -61.8% |
| Income taxes | 67/77 | €37,089 | €14,186 | -€22,903 | -61.8% |
| Profit (loss) for the period | 9904 | €89,592 | €34,189 | -€55,403 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,592 | €34,189 | -€55,403 | -61.8% |
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.