DEN BENGEL: what changed
DEN BENGEL
Largest movements
- Cash +€384,039
up €384,039 (+5,838%), from €6,579 to €390,617
mainly Receivables within one year (+€229,863) and Net result for the year (+€129,533)
- Receivables within one year -€229,863
down €229,863 (-88.6%), from €259,309 to €29,446
of which Trade receivables: -€214,052
- Deferred charges and accrued income -€4,745
down €4,745 (-34.2%), from €13,867 to €9,122
- Profit (loss) carried forward +€129,533
up €129,533 (+208%), from €62,400 to €191,934
- Tax, wage and social debts +€57,691
up €57,691 (+130%), from €44,431 to €102,121
of which Taxes: +€34,984
- Other debts -€31,186
down €31,186 (-29.0%), from €107,413 to €76,228
- Current portion of long-term debt -€9,000
no longer reported in 2025 (was €9,000)
- Gross operating margin +€58,358
up €58,358 (+21.2%), from €274,785 to €333,143
- Staff costs +€36,672
up €36,672 (+32.0%), from €114,426 to €151,098
- Taxes +€32,063
up €32,063 (+288%), from €11,115 to €43,178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,229 | €470,744 | +€149,515 | +46.5% |
| Fixed assets | 21/28 | €41,475 | €41,560 | +€84 | +0.2% |
| Tangible fixed assets | 22/27 | €11,475 | €11,560 | +€84 | +0.7% |
| Plant, machinery and equipment | 23 | €11,475 | €7,725 | -€3,751 | -32.7% |
| Furniture and vehicles | 24 | - | €3,835 | +€3,835 | |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €279,754 | €429,185 | +€149,431 | +53.4% |
| Amounts receivable within one year | 40/41 | €259,309 | €29,446 | -€229,863 | -88.6% |
| Trade receivables | 40 | €243,498 | €29,446 | -€214,052 | -87.9% |
| Other amounts receivable | 41 | €15,811 | - | -€15,811 | |
| Cash at bank and in hand | 54/58 | €6,579 | €390,617 | +€384,039 | +5,838% |
| Deferred charges and accrued income | 490/1 | €13,867 | €9,122 | -€4,745 | -34.2% |
| Total equity and liabilities | 10/49 | €321,229 | €470,744 | +€149,515 | +46.5% |
| Equity | 10/15 | €122,400 | €251,934 | +€129,533 | +106% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,400 | €191,934 | +€129,533 | +208% |
| Amounts payable | 17/49 | €198,829 | €218,811 | +€19,982 | +10.0% |
| Amounts payable within one year | 42/48 | €198,829 | €218,811 | +€19,982 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | - | -€9,000 | |
| Financial debts | 43 | €1,639 | €1,639 | = | 0.0% |
| Credit institutions | 430/8 | €1,639 | €1,639 | = | 0.0% |
| Trade debts | 44 | €36,346 | €38,823 | +€2,477 | +6.8% |
| Suppliers | 440/4 | €36,346 | €38,823 | +€2,477 | +6.8% |
| Taxes, remuneration and social security | 45 | €44,431 | €102,121 | +€57,691 | +130% |
| Taxes | 450/3 | €27,542 | €62,526 | +€34,984 | +127% |
| Remuneration and social security | 454/9 | €16,888 | €39,596 | +€22,707 | +134% |
| Other amounts payable | 47/48 | €107,413 | €76,228 | -€31,186 | -29.0% |
| Remuneration, social security and pensions | 62 | €114,426 | €151,098 | +€36,672 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,647 | €4,917 | +€1,269 | +34.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €705 | - | -€705 | |
| Other operating charges | 640/8 | €2,669 | €4,327 | +€1,658 | +62.1% |
| Gross operating margin | 9900 | €274,785 | €333,143 | +€58,358 | +21.2% |
| Operating profit (loss) | 9901 | €153,337 | €172,801 | +€19,464 | +12.7% |
| Financial charges | 65/66B | €157 | €90 | -€67 | -42.5% |
| Recurring financial charges | 65 | €157 | €90 | -€67 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €153,180 | €172,711 | +€19,531 | +12.8% |
| Income taxes | 67/77 | €11,115 | €43,178 | +€32,063 | +288% |
| Profit (loss) for the period | 9904 | €142,065 | €129,533 | -€12,532 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €142,065 | €129,533 | -€12,532 | -8.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.