Benoît VAN DOOREN: 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.
Benoît VAN DOOREN
Largest movements
- Cash -€7,427
no longer reported in 2025 (was €7,427)
mainly Debts after one year (-€12,322) and Receivables within one year (-€4,574)
- Receivables within one year +€4,574
up €4,574 (+13.1%), from €34,950 to €39,524
of which Trade receivables: +€3,276
- Tangible fixed assets -€3,978
down €3,978 (-23.1%), from €17,251 to €13,273
of which Other tangible fixed assets: -€2,448
- Stocks and contracts +€1,450
up €1,450 (+19.3%), from €7,525 to €8,975
- Debts after one year -€12,322
down €12,322 (-64.9%), from €18,980 to €6,658
- Short-term financial debts +€4,342
new in 2025: €4,342
- Trade debts -€3,217
down €3,217 (-27.0%), from €11,905 to €8,688
- Tax, wage and social debts +€3,039
up €3,039 (+28.1%), from €10,820 to €13,859
of which Taxes: +€2,815
- Profit (loss) carried forward +€1,258
up €1,258 (+52.8%), from -€2,382 to -€1,124
- Financial charges -€4,976
down €4,976 (-51.9%), from €9,585 to €4,609
- Gross operating margin -€2,989
down €2,989 (-8.8%), from €33,825 to €30,836
- Staff costs +€557
up €557 (+2.8%), from €19,760 to €20,317
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 | €70,889 | €65,630 | -€5,259 | -7.4% |
| Fixed assets | 21/28 | €17,251 | €13,273 | -€3,978 | -23.1% |
| Tangible fixed assets | 22/27 | €17,251 | €13,273 | -€3,978 | -23.1% |
| Plant, machinery and equipment | 23 | €5,479 | €4,604 | -€875 | -16.0% |
| Furniture and vehicles | 24 | €1,889 | €1,234 | -€656 | -34.7% |
| Other tangible fixed assets | 26 | €9,882 | €7,435 | -€2,448 | -24.8% |
| Current assets | 29/58 | €53,638 | €52,358 | -€1,280 | -2.4% |
| Stocks and contracts in progress | 3 | €7,525 | €8,975 | +€1,450 | +19.3% |
| Stocks | 30/36 | €7,525 | €8,975 | +€1,450 | +19.3% |
| Amounts receivable within one year | 40/41 | €34,950 | €39,524 | +€4,574 | +13.1% |
| Trade receivables | 40 | €9,635 | €12,911 | +€3,276 | +34.0% |
| Other amounts receivable | 41 | €25,315 | €26,613 | +€1,298 | +5.1% |
| Cash at bank and in hand | 54/58 | €7,427 | - | -€7,427 | |
| Deferred charges and accrued income | 490/1 | €3,735 | €3,858 | +€123 | +3.3% |
| Total equity and liabilities | 10/49 | €70,889 | €65,630 | -€5,259 | -7.4% |
| Equity | 10/15 | €18,078 | €19,336 | +€1,258 | +7.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,382 | -€1,124 | +€1,258 | +52.8% |
| Amounts payable | 17/49 | €52,811 | €46,294 | -€6,517 | -12.3% |
| Amounts payable after more than one year | 17 | €18,980 | €6,658 | -€12,322 | -64.9% |
| Financial debts | 170/4 | €18,980 | €6,658 | -€12,322 | -64.9% |
| Amounts payable within one year | 42/48 | €33,831 | €39,242 | +€5,411 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €11,106 | €12,322 | +€1,215 | +10.9% |
| Financial debts | 43 | - | €4,342 | +€4,342 | |
| Credit institutions | 430/8 | - | €4,342 | +€4,342 | |
| Trade debts | 44 | €11,905 | €8,688 | -€3,217 | -27.0% |
| Suppliers | 440/4 | €11,905 | €8,688 | -€3,217 | -27.0% |
| Taxes, remuneration and social security | 45 | €10,820 | €13,859 | +€3,039 | +28.1% |
| Taxes | 450/3 | €5,407 | €8,222 | +€2,815 | +52.1% |
| Remuneration and social security | 454/9 | €5,413 | €5,637 | +€224 | +4.1% |
| Other amounts payable | 47/48 | - | €31 | +€31 | |
| Accrued charges and deferred income | 492/3 | - | €394 | +€394 | |
| Remuneration, social security and pensions | 62 | €19,760 | €20,317 | +€557 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,710 | €3,978 | +€268 | +7.2% |
| Other operating charges | 640/8 | €1,065 | €805 | -€260 | -24.4% |
| Gross operating margin | 9900 | €33,825 | €30,836 | -€2,989 | -8.8% |
| Operating profit (loss) | 9901 | €9,290 | €5,736 | -€3,554 | -38.3% |
| Financial income | 75/76B | €1,568 | €1,233 | -€335 | -21.4% |
| Recurring financial income | 75 | €1,568 | €1,233 | -€335 | -21.4% |
| Financial charges | 65/66B | €9,585 | €4,609 | -€4,976 | -51.9% |
| Recurring financial charges | 65 | €9,585 | €4,609 | -€4,976 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €1,273 | €2,360 | +€1,088 | +85.5% |
| Income taxes | 67/77 | €1,016 | €1,103 | +€87 | +8.5% |
| Profit (loss) for the period | 9904 | €257 | €1,258 | +€1,001 | +390% |
| Profit (loss) for the period to be appropriated | 9905 | €257 | €1,258 | +€1,001 | +390% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.