Den Bengel: 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.
Den Bengel
Largest movements
- Receivables within one year +€17,046
up €17,046 (+125%), from €13,620 to €30,666
of which Trade receivables: +€10,305
- Deferred charges and accrued income -€16,006
down €16,006 (-65.0%), from €24,630 to €8,624
- Tangible fixed assets +€11,964
up €11,964 (+185%), from €6,457 to €18,421
of which Furniture and vehicles: +€12,532
- Cash +€7,189
up €7,189 (+66.5%), from €10,810 to €17,999
mainly Net result for the year (+€20,179) and Deferred charges and accrued income (+€16,006)
- Reserves +€20,179
up €20,179 (+54.8%), from €36,828 to €57,007
- Trade debts -€4,411
no longer reported in 2025 (was €4,411)
- Tax, wage and social debts +€2,242
new in 2025: €2,242
of which Remuneration and social security: +€2,200
- Current portion of long-term debt +€1,693
new in 2025: €1,693
- Gross operating margin +€9,111
up €9,111 (+39.2%), from €23,260 to €32,371
- Staff costs -€2,143
down €2,143 (-92.7%), from €2,313 to €170
- Taxes +€1,881
up €1,881 (+61.5%), from €3,056 to €4,937
- Depreciation +€1,653
up €1,653 (+81.3%), from €2,034 to €3,687
- Financial charges +€331
up €331 (+32.8%), from €1,009 to €1,341
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 | €55,517 | €75,710 | +€20,193 | +36.4% |
| Fixed assets | 21/28 | €6,457 | €18,421 | +€11,964 | +185% |
| Tangible fixed assets | 22/27 | €6,457 | €18,421 | +€11,964 | +185% |
| Plant, machinery and equipment | 23 | €6,457 | €5,889 | -€568 | -8.8% |
| Furniture and vehicles | 24 | - | €12,532 | +€12,532 | |
| Current assets | 29/58 | €49,060 | €57,289 | +€8,229 | +16.8% |
| Amounts receivable within one year | 40/41 | €13,620 | €30,666 | +€17,046 | +125% |
| Trade receivables | 40 | €2,275 | €12,580 | +€10,305 | +453% |
| Other amounts receivable | 41 | €11,345 | €18,086 | +€6,741 | +59.4% |
| Cash at bank and in hand | 54/58 | €10,810 | €17,999 | +€7,189 | +66.5% |
| Deferred charges and accrued income | 490/1 | €24,630 | €8,624 | -€16,006 | -65.0% |
| Total equity and liabilities | 10/49 | €55,517 | €75,710 | +€20,193 | +36.4% |
| Equity | 10/15 | €43,028 | €63,207 | +€20,179 | +46.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,828 | €57,007 | +€20,179 | +54.8% |
| Distributable reserves | 133 | €36,828 | €57,007 | +€20,179 | +54.8% |
| Amounts payable | 17/49 | €12,490 | €12,504 | +€14 | +0.1% |
| Amounts payable within one year | 42/48 | €12,490 | €12,504 | +€14 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,693 | +€1,693 | |
| Trade debts | 44 | €4,411 | - | -€4,411 | |
| Suppliers | 440/4 | €4,411 | - | -€4,411 | |
| Taxes, remuneration and social security | 45 | - | €2,242 | +€2,242 | |
| Taxes | 450/3 | - | €42 | +€42 | |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €8,078 | €8,569 | +€490 | +6.1% |
| Remuneration, social security and pensions | 62 | €2,313 | €170 | -€2,143 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,034 | €3,687 | +€1,653 | +81.3% |
| Other operating charges | 640/8 | €1,895 | €2,057 | +€162 | +8.6% |
| Gross operating margin | 9900 | €23,260 | €32,371 | +€9,111 | +39.2% |
| Operating profit (loss) | 9901 | €17,018 | €26,457 | +€9,439 | +55.5% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,009 | €1,341 | +€331 | +32.8% |
| Recurring financial charges | 65 | €1,009 | €1,341 | +€331 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €16,012 | €25,116 | +€9,104 | +56.9% |
| Income taxes | 67/77 | €3,056 | €4,937 | +€1,881 | +61.5% |
| Profit (loss) for the period | 9904 | €12,956 | €20,179 | +€7,223 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,956 | €20,179 | +€7,223 | +55.7% |
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 21 October 2026 via checked.be.