BENOIT DELAITTE: 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 DELAITTE
Largest movements
- Tangible fixed assets -€16,768
down €16,768 (-27.9%), from €60,096 to €43,328
of which Furniture and vehicles: -€15,909
- Cash +€10,206
up €10,206 (+277.3%), from €3,680 to €13,887
mainly Depreciation (+€12,878) and Net result for the year (+€6,970)
- Receivables within one year -€1,900
down €1,900 (-9.9%), from €19,200 to €17,300
of which Trade receivables: -€2,127
- Deferred charges and accrued income -€1,667
down €1,667 (-32.5%), from €5,134 to €3,468
- Reserves +€15,824
up €15,824 (+133.4%), from €11,860 to €27,684
- Profit (loss) carried forward -€9,687
down €9,687 (-100.0%), from €9,687 to €0
- Debts after one year -€9,312
down €9,312 (-29.1%), from €31,968 to €22,657
- Trade debts -€5,145
down €5,145 (-40.7%), from €12,631 to €7,486
- Other debts -€1,417
down €1,417 (-70.8%), from €2,000 to €583
- Gross operating margin +€8,868
up €8,868 (+67.9%), from €13,051 to €21,919
- Depreciation +€3,690
up €3,690 (+40.2%), from €9,188 to €12,878
- Taxes -€1,105
new in 2025: -€1,105
- Financial charges -€562
down €562 (-19.3%), from €2,909 to €2,347
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 | €88,110 | €77,982 | -€10,128 | -11.5% |
| Fixed assets | 21/28 | €60,096 | €43,328 | -€16,768 | -27.9% |
| Tangible fixed assets | 22/27 | €60,096 | €43,328 | -€16,768 | -27.9% |
| Land and buildings | 22 | €1,718 | €859 | -€859 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €58,378 | €42,469 | -€15,909 | -27.3% |
| Current assets | 29/58 | €28,015 | €34,654 | +€6,639 | +23.7% |
| Amounts receivable within one year | 40/41 | €19,200 | €17,300 | -€1,900 | -9.9% |
| Trade receivables | 40 | €17,211 | €15,084 | -€2,127 | -12.4% |
| Other amounts receivable | 41 | €1,989 | €2,216 | +€227 | +11.4% |
| Cash at bank and in hand | 54/58 | €3,680 | €13,887 | +€10,206 | +277.3% |
| Deferred charges and accrued income | 490/1 | €5,134 | €3,468 | -€1,667 | -32.5% |
| Total equity and liabilities | 10/49 | €88,110 | €77,982 | -€10,128 | -11.5% |
| Equity | 10/15 | €27,797 | €33,934 | +€6,137 | +22.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €11,860 | €27,684 | +€15,824 | +133.4% |
| Distributable reserves | 133 | €11,860 | €27,684 | +€15,824 | +133.4% |
| Profit (loss) carried forward | 14 | €9,687 | €0 | -€9,687 | -100.0% |
| Amounts payable | 17/49 | €60,314 | €44,048 | -€16,266 | -27.0% |
| Amounts payable after more than one year | 17 | €31,968 | €22,657 | -€9,312 | -29.1% |
| Financial debts | 170/4 | €31,968 | €22,657 | -€9,312 | -29.1% |
| Amounts payable within one year | 42/48 | €28,345 | €21,328 | -€7,018 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €8,913 | €9,312 | +€399 | +4.5% |
| Trade debts | 44 | €12,631 | €7,486 | -€5,145 | -40.7% |
| Suppliers | 440/4 | €12,631 | €7,486 | -€5,145 | -40.7% |
| Taxes, remuneration and social security | 45 | €4,802 | €3,947 | -€855 | -17.8% |
| Taxes | 450/3 | €4,802 | €3,947 | -€855 | -17.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €2,000 | €583 | -€1,417 | -70.8% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,188 | €12,878 | +€3,690 | +40.2% |
| Other operating charges | 640/8 | €1,122 | €1,004 | -€118 | -10.5% |
| Gross operating margin | 9900 | €13,051 | €21,919 | +€8,868 | +67.9% |
| Operating profit (loss) | 9901 | €2,741 | €8,037 | +€5,296 | +193.2% |
| Financial income | 75/76B | €17 | €176 | +€159 | +943.0% |
| Recurring financial income | 75 | €17 | €176 | +€159 | +943.0% |
| Financial charges | 65/66B | €2,909 | €2,347 | -€562 | -19.3% |
| Recurring financial charges | 65 | €2,909 | €2,347 | -€562 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€151 | €5,865 | +€6,016 | |
| Income taxes | 67/77 | - | -€1,105 | -€1,105 | |
| Profit (loss) for the period | 9904 | -€151 | €6,970 | +€7,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€151 | €6,970 | +€7,121 |
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 3 October 2026 via checked.be.