DE BENGEL MANAGEMENT: 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.
DE BENGEL MANAGEMENT
Largest movements
- Intangible fixed assets +€49,973
new in 2025: €49,973
- Receivables within one year +€9,235
up €9,235 (+4.5%), from €206,016 to €215,251
of which Trade receivables: +€23,852
- Profit (loss) carried forward +€60,928
up €60,928 (+54.9%), from -€111,028 to -€50,100
- Tax, wage and social debts +€22,947
new in 2025: €22,947
- Short-term financial debts -€21,500
no longer reported in 2025 (was €21,500)
- Gross operating margin -€43,292
down €43,292 (-41.6%), from €104,023 to €60,731
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 | €207,668 | €267,847 | +€60,179 | +29.0% |
| Fixed assets | 21/28 | - | €49,973 | +€49,973 | |
| Intangible fixed assets | 21 | - | €49,973 | +€49,973 | |
| Current assets | 29/58 | €207,668 | €217,874 | +€10,206 | +4.9% |
| Amounts receivable within one year | 40/41 | €206,016 | €215,251 | +€9,235 | +4.5% |
| Trade receivables | 40 | €174,986 | €198,838 | +€23,852 | +13.6% |
| Other amounts receivable | 41 | €31,031 | €16,413 | -€14,617 | -47.1% |
| Cash at bank and in hand | 54/58 | €1,514 | €2,486 | +€971 | +64.1% |
| Deferred charges and accrued income | 490/1 | €137 | €137 | = | 0.0% |
| Total equity and liabilities | 10/49 | €207,668 | €267,847 | +€60,179 | +29.0% |
| Equity | 10/15 | €183,972 | €244,900 | +€60,928 | +33.1% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,028 | -€50,100 | +€60,928 | +54.9% |
| Amounts payable | 17/49 | €23,697 | €22,947 | -€749 | -3.2% |
| Amounts payable within one year | 42/48 | €23,697 | €22,947 | -€749 | -3.2% |
| Financial debts | 43 | €21,500 | - | -€21,500 | |
| Other loans | 439 | €21,500 | - | -€21,500 | |
| Trade debts | 44 | €2,197 | - | -€2,197 | |
| Suppliers | 440/4 | €2,197 | - | -€2,197 | |
| Taxes, remuneration and social security | 45 | - | €22,947 | +€22,947 | |
| Taxes | 450/3 | - | €22,947 | +€22,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €27 | +€27 | |
| Other operating charges | 640/8 | €693 | €684 | -€9 | -1.2% |
| Non-recurring operating charges | 66A | €7,863 | - | -€7,863 | |
| Gross operating margin | 9900 | €104,023 | €60,731 | -€43,292 | -41.6% |
| Operating profit (loss) | 9901 | €95,466 | €60,019 | -€35,447 | -37.1% |
| Financial income | 75/76B | €1,756 | €1,263 | -€493 | -28.1% |
| Recurring financial income | 75 | €1,756 | €1,263 | -€493 | -28.1% |
| Financial charges | 65/66B | €274 | €354 | +€80 | +29.1% |
| Recurring financial charges | 65 | €274 | €354 | +€80 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €96,948 | €60,928 | -€36,020 | -37.2% |
| Profit (loss) for the period | 9904 | €96,948 | €60,928 | -€36,020 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,948 | €60,928 | -€36,020 | -37.2% |
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 30 October 2026 via checked.be.