BENOIT DEFOURT: what changed
Two fiscal 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 DEFOURT
Largest movements
- Cash -€961
down €961 (-60.3%), from €1,594 to €633
mainly Net result for the year (-€6,383)
- Profit (loss) carried forward -€6,383
down €6,383 (-7.0%), from -€91,704 to -€98,087
- Other debts +€5,364
up €5,364 (+7.3%), from €73,168 to €78,532
- Tax, wage and social debts +€58
up €58 (+72.5%), from €80 to €138
- Gross operating margin -€261
down €261 (-6.2%), from -€4,235 to -€4,496
- Depreciation -€76
no longer reported in 2025 (was €76)
- Other operating charges +€56
up €56 (+3.4%), from €1,646 to €1,702
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 | €1,594 | €633 | -€961 | -60.3% |
| Current assets | 29/58 | €1,594 | €633 | -€961 | -60.3% |
| Cash at bank and in hand | 54/58 | €1,594 | €633 | -€961 | -60.3% |
| Total equity and liabilities | 10/49 | €1,594 | €633 | -€961 | -60.3% |
| Equity | 10/15 | -€71,654 | -€78,037 | -€6,383 | -8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Legal reserve | 130 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,704 | -€98,087 | -€6,383 | -7.0% |
| Amounts payable | 17/49 | €73,248 | €78,670 | +€5,422 | +7.4% |
| Amounts payable within one year | 42/48 | €73,248 | €78,670 | +€5,422 | +7.4% |
| Taxes, remuneration and social security | 45 | €80 | €138 | +€58 | +72.5% |
| Taxes | 450/3 | €80 | €138 | +€58 | +72.5% |
| Other amounts payable | 47/48 | €73,168 | €78,532 | +€5,364 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | - | -€76 | |
| Other operating charges | 640/8 | €1,646 | €1,702 | +€56 | +3.4% |
| Gross operating margin | 9900 | -€4,235 | -€4,496 | -€261 | -6.2% |
| Operating profit (loss) | 9901 | -€5,957 | -€6,198 | -€241 | -4.0% |
| Financial charges | 65/66B | €203 | €185 | -€18 | -8.9% |
| Recurring financial charges | 65 | €203 | €185 | -€18 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,160 | -€6,383 | -€223 | -3.6% |
| Profit (loss) for the period | 9904 | -€6,160 | -€6,383 | -€223 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,160 | -€6,383 | -€223 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.