BENOIT DERYCKERE: 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 DERYCKERE
Largest movements
- Cash +€124,347
up €124,347 (+55.0%), from €226,236 to €350,583
mainly Net result for the year (+€120,250) and Other debts (+€7,345)
- Reserves +€120,250
up €120,250 (+12.1%), from €996,082 to €1.1m
of which Distributable reserves: +€120,250
- Financial income -€6,762
down €6,762 (-99.9%), from €6,769 to €7
- Gross operating margin -€6,547
down €6,547 (-3.3%), from €197,743 to €191,196
- Other operating charges +€6,084
up €6,084 (+486%), from €1,251 to €7,335
- Taxes -€5,168
down €5,168 (-8.1%), from €63,807 to €58,639
- Depreciation -€2,082
down €2,082 (-32.3%), from €6,438 to €4,356
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 | €1,072,329 | €1,198,364 | +€126,034 | +11.8% |
| Fixed assets | 21/28 | €42,945 | €41,871 | -€1,074 | -2.5% |
| Tangible fixed assets | 22/27 | €20,220 | €19,146 | -€1,074 | -5.3% |
| Land and buildings | 22 | €1,509 | €964 | -€545 | -36.1% |
| Furniture and vehicles | 24 | €9,355 | €9,312 | -€43 | -0.5% |
| Other tangible fixed assets | 26 | €9,356 | €8,870 | -€486 | -5.2% |
| Financial fixed assets | 28 | €22,725 | €22,725 | = | 0.0% |
| Current assets | 29/58 | €1,029,384 | €1,156,493 | +€127,108 | +12.3% |
| Amounts receivable within one year | 40/41 | €24,345 | €26,146 | +€1,801 | +7.4% |
| Trade receivables | 40 | €23,733 | €19,785 | -€3,947 | -16.6% |
| Other amounts receivable | 41 | €612 | €6,361 | +€5,749 | +939% |
| Current investments | 50/53 | €777,859 | €777,859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €226,236 | €350,583 | +€124,347 | +55.0% |
| Deferred charges and accrued income | 490/1 | €944 | €1,904 | +€960 | +102% |
| Total equity and liabilities | 10/49 | €1,072,329 | €1,198,364 | +€126,034 | +11.8% |
| Equity | 10/15 | €1,014,682 | €1,134,932 | +€120,250 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €996,082 | €1,116,332 | +€120,250 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €994,222 | €1,114,472 | +€120,250 | +12.1% |
| Amounts payable | 17/49 | €57,647 | €63,431 | +€5,784 | +10.0% |
| Amounts payable within one year | 42/48 | €56,610 | €63,431 | +€6,821 | +12.0% |
| Trade debts | 44 | €6,861 | €12,878 | +€6,017 | +87.7% |
| Suppliers | 440/4 | €6,861 | €12,878 | +€6,017 | +87.7% |
| Taxes, remuneration and social security | 45 | €34,857 | €28,317 | -€6,541 | -18.8% |
| Taxes | 450/3 | €34,857 | €28,317 | -€6,541 | -18.8% |
| Other amounts payable | 47/48 | €14,892 | €22,237 | +€7,345 | +49.3% |
| Accrued charges and deferred income | 492/3 | €1,037 | - | -€1,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,438 | €4,356 | -€2,082 | -32.3% |
| Other operating charges | 640/8 | €1,251 | €7,335 | +€6,084 | +486% |
| Gross operating margin | 9900 | €197,743 | €191,196 | -€6,547 | -3.3% |
| Operating profit (loss) | 9901 | €190,054 | €179,505 | -€10,549 | -5.6% |
| Financial income | 75/76B | €6,769 | €7 | -€6,762 | -99.9% |
| Recurring financial income | 75 | €6,769 | €7 | -€6,762 | -99.9% |
| Financial charges | 65/66B | €274 | €624 | +€349 | +127% |
| Recurring financial charges | 65 | €274 | €624 | +€349 | +127% |
| Profit (loss) for the period before taxes | 9903 | €196,549 | €178,889 | -€17,661 | -9.0% |
| Income taxes | 67/77 | €63,807 | €58,639 | -€5,168 | -8.1% |
| Profit (loss) for the period | 9904 | €132,742 | €120,250 | -€12,492 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €132,742 | €120,250 | -€12,492 | -9.4% |
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 14 October 2026 via checked.be.