Deltour Benjamin: 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.
Deltour Benjamin
Largest movements
- Receivables within one year +€281,827
up €281,827 (+481%), from €58,549 to €340,375
of which Other amounts receivable: +€202,241
- Cash -€119,938
down €119,938 (-91.9%), from €130,512 to €10,574
- Tangible fixed assets -€59,239
down €59,239 (-36.9%), from €160,364 to €101,125
of which Land and buildings: -€53,588
- Financial fixed assets -€5,479
down €5,479 (-74.1%), from €7,393 to €1,914
- Trade debts +€231,342
up €231,342 (+2,552%), from €9,066 to €240,408
- Debts after one year -€138,633
down €138,633 (-73.8%), from €187,744 to €49,111
of which Other amounts payable: -€120,500
- Reserves -€8,303
down €8,303 (-10.2%), from €81,693 to €73,390
of which Distributable reserves: -€6,443
- Tax, wage and social debts +€6,519
up €6,519 (+17.7%), from €36,892 to €43,411
- Other operating charges -€92,187
down €92,187 (-94.9%), from €97,169 to €4,983
- Gross operating margin -€56,126
down €56,126 (-41.3%), from €135,949 to €79,822
- Depreciation +€50,000
up €50,000 (+541%), from €9,239 to €59,239
- Financial charges -€8,515
down €8,515 (-60.4%), from €14,108 to €5,593
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,153 | €455,017 | +€95,864 | +26.7% |
| Fixed assets | 21/28 | €167,757 | €103,039 | -€64,718 | -38.6% |
| Tangible fixed assets | 22/27 | €160,364 | €101,125 | -€59,239 | -36.9% |
| Land and buildings | 22 | €144,884 | €91,296 | -€53,588 | -37.0% |
| Plant, machinery and equipment | 23 | €607 | €331 | -€276 | -45.5% |
| Furniture and vehicles | 24 | €14,873 | €9,498 | -€5,375 | -36.1% |
| Financial fixed assets | 28 | €7,393 | €1,914 | -€5,479 | -74.1% |
| Current assets | 29/58 | €191,396 | €351,978 | +€160,582 | +83.9% |
| Amounts receivable within one year | 40/41 | €58,549 | €340,375 | +€281,827 | +481% |
| Trade receivables | 40 | €56,679 | €136,264 | +€79,586 | +140% |
| Other amounts receivable | 41 | €1,870 | €204,111 | +€202,241 | +10,817% |
| Cash at bank and in hand | 54/58 | €130,512 | €10,574 | -€119,938 | -91.9% |
| Deferred charges and accrued income | 490/1 | €2,336 | €1,030 | -€1,306 | -55.9% |
| Total equity and liabilities | 10/49 | €359,153 | €455,017 | +€95,864 | +26.7% |
| Equity | 10/15 | €87,893 | €79,590 | -€8,303 | -9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,693 | €73,390 | -€8,303 | -10.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €79,833 | €73,390 | -€6,443 | -8.1% |
| Amounts payable | 17/49 | €271,260 | €375,427 | +€104,167 | +38.4% |
| Amounts payable after more than one year | 17 | €187,744 | €49,111 | -€138,633 | -73.8% |
| Financial debts | 170/4 | €67,244 | €49,111 | -€18,133 | -27.0% |
| Other amounts payable | 178/9 | €120,500 | - | -€120,500 | |
| Amounts payable within one year | 42/48 | €83,516 | €326,317 | +€242,800 | +291% |
| Current portion of amounts payable after more than one year | 42 | €9,067 | €9,822 | +€756 | +8.3% |
| Financial debts | 43 | €11 | - | -€11 | |
| Credit institutions | 430/8 | €11 | - | -€11 | |
| Trade debts | 44 | €9,066 | €240,408 | +€231,342 | +2,552% |
| Suppliers | 440/4 | €9,066 | €240,408 | +€231,342 | +2,552% |
| Taxes, remuneration and social security | 45 | €36,892 | €43,411 | +€6,519 | +17.7% |
| Taxes | 450/3 | €36,892 | €43,411 | +€6,519 | +17.7% |
| Other amounts payable | 47/48 | €28,480 | €32,676 | +€4,196 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,239 | €59,239 | +€50,000 | +541% |
| Other operating charges | 640/8 | €97,169 | €4,983 | -€92,187 | -94.9% |
| Non-recurring operating charges | 66A | €10,551 | - | -€10,551 | |
| Gross operating margin | 9900 | €135,949 | €79,822 | -€56,126 | -41.3% |
| Operating profit (loss) | 9901 | €18,989 | €15,600 | -€3,389 | -17.8% |
| Financial income | 75/76B | €3 | €1,051 | +€1,048 | +34,129% |
| Recurring financial income | 75 | €3 | €1,051 | +€1,048 | +34,129% |
| Financial charges | 65/66B | €14,108 | €5,593 | -€8,515 | -60.4% |
| Recurring financial charges | 65 | €14,108 | €5,593 | -€8,515 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €4,884 | €11,058 | +€6,174 | +126% |
| Income taxes | 67/77 | €3,201 | €2,848 | -€352 | -11.0% |
| Profit (loss) for the period | 9904 | €1,683 | €8,210 | +€6,526 | +388% |
| Profit (loss) for the period to be appropriated | 9905 | €1,683 | €8,210 | +€6,526 | +388% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.