Benoit Collienne: 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.
Benoit Collienne
Largest movements
- Current investments +€93,473
new in 2025: €93,473
- Financial fixed assets -€68,970
down €68,970 (-100%), from €68,970 to €0
- Receivables after one year +€47,827
new in 2025: €47,827
- Cash -€40,076
down €40,076 (-36.5%), from €109,900 to €69,824
mainly Current investments (-€93,473) and Receivables after one year (-€47,827)
- Receivables within one year +€11,763
up €11,763 (+38.1%), from €30,843 to €42,606
of which Trade receivables: +€11,806
- Other debts +€42,846
up €42,846 (+2,991%), from €1,432 to €44,279
- Tax, wage and social debts +€8,137
up €8,137 (+47.2%), from €17,246 to €25,383
of which Remuneration and social security: +€6,739
- Trade debts -€3,279
down €3,279 (-21.4%), from €15,341 to €12,061
- Staff costs +€29,667
up €29,667 (+535%), from €5,546 to €35,213
- Gross operating margin +€25,286
up €25,286 (+36.5%), from €69,242 to €94,528
- Financial income +€1,187
up €1,187 (+208%), from €571 to €1,759
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 | €220,281 | €270,505 | +€50,225 | +22.8% |
| Fixed assets | 21/28 | €76,691 | €5,260 | -€71,431 | -93.1% |
| Tangible fixed assets | 22/27 | €7,722 | €5,260 | -€2,461 | -31.9% |
| Furniture and vehicles | 24 | €7,722 | €5,260 | -€2,461 | -31.9% |
| Financial fixed assets | 28 | €68,970 | €0 | -€68,970 | -100% |
| Current assets | 29/58 | €143,590 | €265,245 | +€121,656 | +84.7% |
| Amounts receivable after more than one year | 29 | - | €47,827 | +€47,827 | |
| Other amounts receivable | 291 | - | €47,827 | +€47,827 | |
| Amounts receivable within one year | 40/41 | €30,843 | €42,606 | +€11,763 | +38.1% |
| Trade receivables | 40 | €28,126 | €39,932 | +€11,806 | +42.0% |
| Other amounts receivable | 41 | €2,717 | €2,674 | -€43 | -1.6% |
| Current investments | 50/53 | - | €93,473 | +€93,473 | |
| Cash at bank and in hand | 54/58 | €109,900 | €69,824 | -€40,076 | -36.5% |
| Deferred charges and accrued income | 490/1 | €2,847 | €11,515 | +€8,668 | +305% |
| Total equity and liabilities | 10/49 | €220,281 | €270,505 | +€50,225 | +22.8% |
| Equity | 10/15 | €185,757 | €187,987 | +€2,229 | +1.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,257 | €185,487 | +€2,229 | +1.2% |
| Amounts payable | 17/49 | €34,523 | €82,519 | +€47,996 | +139% |
| Amounts payable within one year | 42/48 | €34,414 | €82,157 | +€47,744 | +139% |
| Financial debts | 43 | €394 | €434 | +€40 | +10.2% |
| Credit institutions | 430/8 | €394 | €434 | +€40 | +10.2% |
| Trade debts | 44 | €15,341 | €12,061 | -€3,279 | -21.4% |
| Suppliers | 440/4 | €15,341 | €12,061 | -€3,279 | -21.4% |
| Taxes, remuneration and social security | 45 | €17,246 | €25,383 | +€8,137 | +47.2% |
| Taxes | 450/3 | €17,246 | €18,644 | +€1,397 | +8.1% |
| Remuneration and social security | 454/9 | €0 | €6,739 | +€6,739 | |
| Other amounts payable | 47/48 | €1,432 | €44,279 | +€42,846 | +2,991% |
| Accrued charges and deferred income | 492/3 | €110 | €361 | +€252 | +230% |
| Remuneration, social security and pensions | 62 | €5,546 | €35,213 | +€29,667 | +535% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,341 | €2,461 | -€880 | -26.3% |
| Other operating charges | 640/8 | €618 | €727 | +€110 | +17.7% |
| Gross operating margin | 9900 | €69,242 | €94,528 | +€25,286 | +36.5% |
| Operating profit (loss) | 9901 | €59,738 | €56,126 | -€3,611 | -6.0% |
| Financial income | 75/76B | €571 | €1,759 | +€1,187 | +208% |
| Recurring financial income | 75 | €571 | €1,759 | +€1,187 | +208% |
| Financial charges | 65/66B | €824 | €765 | -€59 | -7.2% |
| Recurring financial charges | 65 | €824 | €765 | -€59 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €59,485 | €57,120 | -€2,365 | -4.0% |
| Income taxes | 67/77 | €12,465 | €11,891 | -€574 | -4.6% |
| Profit (loss) for the period | 9904 | €47,020 | €45,229 | -€1,791 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,020 | €45,229 | -€1,791 | -3.8% |
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 16 October 2026 via checked.be.