BENJAMIN HENRION: 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 HENRION
Largest movements
- Cash -€76,628
down €76,628 (-57.3%), from €133,804 to €57,176
mainly Contributions, distributions and other (-€105,000) and Other debts (-€60,007)
- Tangible fixed assets +€2,599
up €2,599 (+71.3%), from €3,645 to €6,244
- Receivables within one year -€2,229
down €2,229 (-97.0%), from €2,297 to €69
- Deferred charges and accrued income -€1,497
down €1,497 (-94.0%), from €1,593 to €96
- Other debts -€60,007
down €60,007 (-71.5%), from €83,883 to €23,876
- Profit (loss) carried forward -€18,727
down €18,727 (-96.3%), from €19,442 to €714
- Gross operating margin +€5,817
up €5,817 (+5.4%), from €107,844 to €113,661
- Financial charges +€1,397
up €1,397 (+145%), from €961 to €2,358
- Other operating charges -€1,150
down €1,150 (-89.8%), from €1,281 to €131
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 | €141,781 | €63,885 | -€77,896 | -54.9% |
| Formation expenses | 20 | €141 | - | -€141 | |
| Fixed assets | 21/28 | €3,945 | €6,544 | +€2,599 | +65.9% |
| Tangible fixed assets | 22/27 | €3,645 | €6,244 | +€2,599 | +71.3% |
| Furniture and vehicles | 24 | €3,645 | €6,244 | +€2,599 | +71.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €137,695 | €57,340 | -€80,355 | -58.4% |
| Amounts receivable within one year | 40/41 | €2,297 | €69 | -€2,229 | -97.0% |
| Other amounts receivable | 41 | €2,297 | €69 | -€2,229 | -97.0% |
| Cash at bank and in hand | 54/58 | €133,804 | €57,176 | -€76,628 | -57.3% |
| Deferred charges and accrued income | 490/1 | €1,593 | €96 | -€1,497 | -94.0% |
| Total equity and liabilities | 10/49 | €141,781 | €63,885 | -€77,896 | -54.9% |
| Equity | 10/15 | €34,442 | €15,714 | -€18,727 | -54.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,442 | €714 | -€18,727 | -96.3% |
| Amounts payable | 17/49 | €107,339 | €48,170 | -€59,169 | -55.1% |
| Amounts payable within one year | 42/48 | €107,339 | €48,038 | -€59,301 | -55.2% |
| Trade debts | 44 | €3,024 | €2,646 | -€377 | -12.5% |
| Suppliers | 440/4 | €2,184 | €2,646 | +€463 | +21.2% |
| Bills of exchange payable | 441 | €840 | - | -€840 | |
| Taxes, remuneration and social security | 45 | €20,432 | €21,516 | +€1,084 | +5.3% |
| Taxes | 450/3 | €15,718 | €16,703 | +€985 | +6.3% |
| Remuneration and social security | 454/9 | €4,714 | €4,813 | +€99 | +2.1% |
| Other amounts payable | 47/48 | €83,883 | €23,876 | -€60,007 | -71.5% |
| Accrued charges and deferred income | 492/3 | - | €132 | +€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,466 | €1,929 | +€463 | +31.6% |
| Other operating charges | 640/8 | €1,281 | €131 | -€1,150 | -89.8% |
| Gross operating margin | 9900 | €107,844 | €113,661 | +€5,817 | +5.4% |
| Operating profit (loss) | 9901 | €105,097 | €111,601 | +€6,504 | +6.2% |
| Financial income | 75/76B | €498 | €2 | -€496 | -99.6% |
| Recurring financial income | 75 | €498 | €2 | -€496 | -99.6% |
| Financial charges | 65/66B | €961 | €2,358 | +€1,397 | +145% |
| Recurring financial charges | 65 | €961 | €2,358 | +€1,397 | +145% |
| Profit (loss) for the period before taxes | 9903 | €104,634 | €109,245 | +€4,611 | +4.4% |
| Income taxes | 67/77 | €22,697 | €22,972 | +€275 | +1.2% |
| Profit (loss) for the period | 9904 | €81,937 | €86,273 | +€4,336 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,937 | €86,273 | +€4,336 | +5.3% |
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 15 October 2026 via checked.be.