Benoit RICKER: 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 RICKER
Largest movements
- Receivables within one year +€149,500
up €149,500 (+39.4%), from €379,175 to €528,675
- Cash -€137,987
down €137,987 (-16.6%), from €831,822 to €693,834
mainly Receivables within one year (-€149,500) and Other debts (-€136,804)
- Reserves +€138,773
up €138,773 (+17.3%), from €800,870 to €939,643
- Other debts -€136,804
down €136,804 (-29.3%), from €467,411 to €330,607
- Gross operating margin +€30,066
up €30,066 (+16.3%), from €184,235 to €214,302
- Taxes +€6,564
up €6,564 (+11.4%), from €57,778 to €64,342
- Other operating charges +€6,190
up €6,190 (+1185.6%), from €522 to €6,712
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 | €1,367,344 | €1,382,445 | +€15,101 | +1.1% |
| Fixed assets | 21/28 | €156,348 | €159,936 | +€3,588 | +2.3% |
| Intangible fixed assets | 21 | €145,974 | €153,674 | +€7,700 | +5.3% |
| Tangible fixed assets | 22/27 | €10,374 | €6,263 | -€4,112 | -39.6% |
| Plant, machinery and equipment | 23 | €425 | €20 | -€405 | -95.3% |
| Furniture and vehicles | 24 | €3,814 | €1,442 | -€2,373 | -62.2% |
| Other tangible fixed assets | 26 | €6,135 | €4,801 | -€1,334 | -21.7% |
| Current assets | 29/58 | €1,210,997 | €1,222,509 | +€11,513 | +1.0% |
| Amounts receivable within one year | 40/41 | €379,175 | €528,675 | +€149,500 | +39.4% |
| Trade receivables | 40 | €379,175 | €528,675 | +€149,500 | +39.4% |
| Cash at bank and in hand | 54/58 | €831,822 | €693,834 | -€137,987 | -16.6% |
| Total equity and liabilities | 10/49 | €1,367,344 | €1,382,445 | +€15,101 | +1.1% |
| Equity | 10/15 | €813,270 | €952,043 | +€138,773 | +17.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €800,870 | €939,643 | +€138,773 | +17.3% |
| Distributable reserves | 133 | €800,870 | €939,643 | +€138,773 | +17.3% |
| Amounts payable | 17/49 | €554,074 | €430,402 | -€123,672 | -22.3% |
| Amounts payable within one year | 42/48 | €554,074 | €430,402 | -€123,672 | -22.3% |
| Trade debts | 44 | €12,662 | €18,681 | +€6,019 | +47.5% |
| Suppliers | 440/4 | €12,662 | €18,681 | +€6,019 | +47.5% |
| Taxes, remuneration and social security | 45 | €74,002 | €81,115 | +€7,113 | +9.6% |
| Taxes | 450/3 | €74,002 | €81,115 | +€7,113 | +9.6% |
| Other amounts payable | 47/48 | €467,411 | €330,607 | -€136,804 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,885 | €4,112 | +€226 | +5.8% |
| Other operating charges | 640/8 | €522 | €6,712 | +€6,190 | +1185.6% |
| Gross operating margin | 9900 | €184,235 | €214,302 | +€30,066 | +16.3% |
| Operating profit (loss) | 9901 | €179,828 | €203,478 | +€23,650 | +13.2% |
| Financial charges | 65/66B | €118 | €363 | +€245 | +206.4% |
| Recurring financial charges | 65 | €118 | €363 | +€245 | +206.4% |
| Profit (loss) for the period before taxes | 9903 | €179,709 | €203,115 | +€23,405 | +13.0% |
| Income taxes | 67/77 | €57,778 | €64,342 | +€6,564 | +11.4% |
| Profit (loss) for the period | 9904 | €121,932 | €138,773 | +€16,841 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €121,932 | €138,773 | +€16,841 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.