Benoit SIMON: 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 SIMON
Largest movements
- Cash +€60,858
up €60,858 (+211.5%), from €28,768 to €89,626
mainly Net result for the year (+€71,389) and Depreciation (+€5,000)
- Stocks and contracts +€6,303
up €6,303 (+22.1%), from €28,577 to €34,880
- Tangible fixed assets -€5,000
down €5,000 (-92.7%), from €5,396 to €396
of which Furniture and vehicles: -€4,750
- Receivables within one year -€2,301
down €2,301 (-5.5%), from €41,876 to €39,574
of which Trade receivables: -€3,127
- Profit (loss) carried forward +€70,556
up €70,556, from €0 to €70,556
- Tax, wage and social debts -€4,850
down €4,850 (-50.0%), from €9,710 to €4,860
- Other debts -€3,600
down €3,600 (-15.7%), from €22,930 to €19,330
- Trade debts -€3,343
down €3,343 (-18.8%), from €17,756 to €14,414
- Gross operating margin +€25,524
up €25,524 (+36.4%), from €70,108 to €95,632
- Financial charges +€1,439
up €1,439 (+2059.1%), from €70 to €1,509
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 | €105,511 | €165,711 | +€60,200 | +57.1% |
| Fixed assets | 21/28 | €5,396 | €396 | -€5,000 | -92.7% |
| Tangible fixed assets | 22/27 | €5,396 | €396 | -€5,000 | -92.7% |
| Plant, machinery and equipment | 23 | €270 | €20 | -€250 | -92.7% |
| Furniture and vehicles | 24 | €5,126 | €376 | -€4,750 | -92.7% |
| Current assets | 29/58 | €100,114 | €165,314 | +€65,200 | +65.1% |
| Stocks and contracts in progress | 3 | €28,577 | €34,880 | +€6,303 | +22.1% |
| Stocks | 30/36 | €28,577 | €34,880 | +€6,303 | +22.1% |
| Amounts receivable within one year | 40/41 | €41,876 | €39,574 | -€2,301 | -5.5% |
| Trade receivables | 40 | €32,881 | €29,755 | -€3,127 | -9.5% |
| Other amounts receivable | 41 | €8,994 | €9,820 | +€825 | +9.2% |
| Cash at bank and in hand | 54/58 | €28,768 | €89,626 | +€60,858 | +211.5% |
| Deferred charges and accrued income | 490/1 | €894 | €1,234 | +€340 | +38.1% |
| Total equity and liabilities | 10/49 | €105,511 | €165,711 | +€60,200 | +57.1% |
| Equity | 10/15 | €55,114 | €125,670 | +€70,556 | +128.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,114 | €45,114 | = | 0.0% |
| Distributable reserves | 133 | €45,114 | €45,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €70,556 | +€70,556 | |
| Amounts payable | 17/49 | €50,397 | €40,041 | -€10,356 | -20.5% |
| Amounts payable within one year | 42/48 | €50,397 | €38,604 | -€11,793 | -23.4% |
| Trade debts | 44 | €17,756 | €14,414 | -€3,343 | -18.8% |
| Suppliers | 440/4 | €17,756 | €14,414 | -€3,343 | -18.8% |
| Taxes, remuneration and social security | 45 | €9,710 | €4,860 | -€4,850 | -50.0% |
| Taxes | 450/3 | €9,710 | €4,860 | -€4,850 | -50.0% |
| Other amounts payable | 47/48 | €22,930 | €19,330 | -€3,600 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €1,437 | +€1,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €5,000 | -€817 | -14.0% |
| Other operating charges | 640/8 | €1,802 | €1,146 | -€656 | -36.4% |
| Gross operating margin | 9900 | €70,108 | €95,632 | +€25,524 | +36.4% |
| Operating profit (loss) | 9901 | €62,489 | €89,486 | +€26,997 | +43.2% |
| Financial income | 75/76B | €1,378 | €2,037 | +€660 | +47.9% |
| Recurring financial income | 75 | €1,378 | €2,037 | +€660 | +47.9% |
| Financial charges | 65/66B | €70 | €1,509 | +€1,439 | +2059.1% |
| Recurring financial charges | 65 | €70 | €1,509 | +€1,439 | +2059.1% |
| Profit (loss) for the period before taxes | 9903 | €63,797 | €90,014 | +€26,217 | +41.1% |
| Income taxes | 67/77 | €17,850 | €18,625 | +€774 | +4.3% |
| Profit (loss) for the period | 9904 | €45,947 | €71,389 | +€25,443 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,947 | €71,389 | +€25,443 | +55.4% |
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 9 October 2026 via checked.be.