BENOIT FONTAINE: 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 FONTAINE
Largest movements
- Current investments +€78,000
new in 2025: €78,000
- Cash +€27,439
up €27,439 (+12.7%), from €216,286 to €243,725
mainly Other debts (+€57,702) and Net result for the year (+€27,989)
- Receivables within one year -€18,806
down €18,806 (-46.9%), from €40,079 to €21,273
of which Other amounts receivable: -€18,806
- Reserves +€78,000
up €78,000 (+4,194%), from €1,860 to €79,860
- Other debts +€57,702
new in 2025: €57,702
- Profit (loss) carried forward -€50,011
down €50,011 (-20.5%), from €244,321 to €194,310
- Taxes -€11,774
down €11,774, from €6,827 to -€4,947
- Gross operating margin +€2,842
up €2,842 (+11.9%), from €23,952 to €26,794
- Depreciation +€2,220
up €2,220 (+280%), from €793 to €3,014
- Financial income -€372
no longer reported in 2025 (was €372)
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 | €267,281 | €352,972 | +€85,691 | +32.1% |
| Fixed assets | 21/28 | €10,916 | €9,975 | -€942 | -8.6% |
| Tangible fixed assets | 22/27 | €10,916 | €9,975 | -€942 | -8.6% |
| Furniture and vehicles | 24 | €10,916 | €9,975 | -€942 | -8.6% |
| Current assets | 29/58 | €256,365 | €342,998 | +€86,633 | +33.8% |
| Amounts receivable within one year | 40/41 | €40,079 | €21,273 | -€18,806 | -46.9% |
| Trade receivables | 40 | €21,273 | €21,273 | = | 0.0% |
| Other amounts receivable | 41 | €18,806 | - | -€18,806 | |
| Current investments | 50/53 | - | €78,000 | +€78,000 | |
| Cash at bank and in hand | 54/58 | €216,286 | €243,725 | +€27,439 | +12.7% |
| Total equity and liabilities | 10/49 | €267,281 | €352,972 | +€85,691 | +32.1% |
| Equity | 10/15 | €264,781 | €292,770 | +€27,989 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €79,860 | +€78,000 | +4,194% |
| Non-distributable reserves | 130/1 | €1,860 | €79,860 | +€78,000 | +4,194% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €78,000 | +€78,000 | |
| Profit (loss) carried forward | 14 | €244,321 | €194,310 | -€50,011 | -20.5% |
| Amounts payable | 17/49 | €2,500 | €60,202 | +€57,702 | +2,308% |
| Amounts payable within one year | 42/48 | €2,500 | €60,202 | +€57,702 | +2,308% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,500 | = | 0.0% |
| Taxes | 450/3 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €57,702 | +€57,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €3,014 | +€2,220 | +280% |
| Other operating charges | 640/8 | €618 | €702 | +€83 | +13.5% |
| Gross operating margin | 9900 | €23,952 | €26,794 | +€2,842 | +11.9% |
| Operating profit (loss) | 9901 | €22,540 | €23,078 | +€538 | +2.4% |
| Financial income | 75/76B | €372 | - | -€372 | |
| Recurring financial income | 75 | €372 | - | -€372 | |
| Financial charges | 65/66B | €36 | €36 | = | 0.0% |
| Recurring financial charges | 65 | €36 | €36 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €22,876 | €23,042 | +€166 | +0.7% |
| Income taxes | 67/77 | €6,827 | -€4,947 | -€11,774 | |
| Profit (loss) for the period | 9904 | €16,049 | €27,989 | +€11,940 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,049 | €27,989 | +€11,940 | +74.4% |
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 13 October 2026 via checked.be.