Benny Linden: 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.
Benny Linden
Largest movements
- Tangible fixed assets -€9,455
down €9,455 (-29.1%), from €32,474 to €23,020
of which Furniture and vehicles: -€10,274
- Receivables within one year -€8,581
down €8,581 (-38.1%), from €22,530 to €13,949
- Profit (loss) carried forward -€17,552
new in 2025: -€17,552
- Other debts +€10,702
up €10,702 (+14.4%), from €74,271 to €84,973
- Tax, wage and social debts -€8,927
down €8,927 (-79.8%), from €11,191 to €2,264
of which Taxes: -€6,912
- Reserves -€6,031
down €6,031 (-35.0%), from €17,207 to €11,176
- Trade debts +€4,182
up €4,182 (+148%), from €2,830 to €7,012
- Gross operating margin -€22,718
down €22,718, from €13,763 to -€8,955
- Depreciation +€1,366
up €1,366 (+12.5%), from €10,939 to €12,305
- Other operating charges +€1,268
up €1,268 (+169%), from €751 to €2,019
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 | €113,696 | €94,373 | -€19,323 | -17.0% |
| Fixed assets | 21/28 | €35,771 | €25,217 | -€10,555 | -29.5% |
| Intangible fixed assets | 21 | €3,297 | €2,197 | -€1,100 | -33.4% |
| Tangible fixed assets | 22/27 | €32,474 | €23,020 | -€9,455 | -29.1% |
| Plant, machinery and equipment | 23 | €0 | €1,167 | +€1,167 | |
| Furniture and vehicles | 24 | €30,737 | €20,463 | -€10,274 | -33.4% |
| Other tangible fixed assets | 26 | €1,737 | €1,390 | -€348 | -20.0% |
| Current assets | 29/58 | €77,925 | €69,156 | -€8,768 | -11.3% |
| Stocks and contracts in progress | 3 | €47,500 | €47,500 | = | 0.0% |
| Contracts in progress | 37 | €47,500 | €47,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,530 | €13,949 | -€8,581 | -38.1% |
| Trade receivables | 40 | €22,530 | €13,949 | -€8,581 | -38.1% |
| Cash at bank and in hand | 54/58 | €7,895 | €7,708 | -€187 | -2.4% |
| Total equity and liabilities | 10/49 | €113,696 | €94,373 | -€19,323 | -17.0% |
| Equity | 10/15 | €23,707 | €124 | -€23,583 | -99.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €17,207 | €11,176 | -€6,031 | -35.0% |
| Distributable reserves | 133 | €17,207 | €11,176 | -€6,031 | -35.0% |
| Profit (loss) carried forward | 14 | - | -€17,552 | -€17,552 | |
| Amounts payable | 17/49 | €89,989 | €94,249 | +€4,260 | +4.7% |
| Amounts payable within one year | 42/48 | €89,989 | €94,249 | +€4,260 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €1,697 | €0 | -€1,697 | -100% |
| Trade debts | 44 | €2,830 | €7,012 | +€4,182 | +148% |
| Suppliers | 440/4 | €2,830 | €7,012 | +€4,182 | +148% |
| Taxes, remuneration and social security | 45 | €11,191 | €2,264 | -€8,927 | -79.8% |
| Taxes | 450/3 | €9,175 | €2,264 | -€6,912 | -75.3% |
| Remuneration and social security | 454/9 | €2,015 | €0 | -€2,015 | -100% |
| Other amounts payable | 47/48 | €74,271 | €84,973 | +€10,702 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,939 | €12,305 | +€1,366 | +12.5% |
| Other operating charges | 640/8 | €751 | €2,019 | +€1,268 | +169% |
| Gross operating margin | 9900 | €13,763 | -€8,955 | -€22,718 | |
| Operating profit (loss) | 9901 | €2,074 | -€23,279 | -€25,352 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.5% |
| Financial charges | 65/66B | €216 | €188 | -€29 | -13.3% |
| Recurring financial charges | 65 | €216 | €188 | -€29 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €1,858 | -€23,466 | -€25,324 | |
| Income taxes | 67/77 | €115 | €116 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €1,743 | -€23,583 | -€25,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,743 | -€23,583 | -€25,325 |
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 27 October 2026 via checked.be.