DR BEN DE BECKER: 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.
DR BEN DE BECKER
Largest movements
- Current investments +€70,767
up €70,767 (+44.1%), from €160,386 to €231,153
- Tangible fixed assets +€42,640
up €42,640 (+113%), from €37,585 to €80,225
of which Furniture and vehicles: +€44,341
- Receivables within one year -€5,139
down €5,139 (-48.5%), from €10,600 to €5,460
of which Other amounts receivable: -€5,139
- Cash +€4,990
up €4,990 (+36.8%), from €13,546 to €18,537
mainly Net result for the year (+€116,441) and Other debts (+€55,391)
- Deferred charges and accrued income +€4,177
up €4,177 (+9.4%), from €44,225 to €48,402
- Other debts +€55,391
up €55,391 (+149%), from €37,143 to €92,534
- Debts after one year +€24,028
up €24,028, from €0 to €24,028
- Reserves +€23,908
up €23,908 (+13.0%), from €184,136 to €208,044
of which Distributable reserves: +€23,908
- Tax, wage and social debts +€11,425
up €11,425 (+81.3%), from €14,048 to €25,473
- Gross operating margin +€34,323
up €34,323 (+21.6%), from €159,256 to €193,579
- Taxes +€12,541
up €12,541 (+32.8%), from €38,210 to €50,751
- Depreciation +€8,261
up €8,261 (+51.6%), from €15,999 to €24,260
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 | €267,342 | €384,776 | +€117,435 | +43.9% |
| Fixed assets | 21/28 | €38,585 | €81,225 | +€42,640 | +111% |
| Tangible fixed assets | 22/27 | €37,585 | €80,225 | +€42,640 | +113% |
| Land and buildings | 22 | €12,000 | €12,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €811 | €235 | -€576 | -71.0% |
| Furniture and vehicles | 24 | €19,557 | €63,898 | +€44,341 | +227% |
| Other tangible fixed assets | 26 | €5,217 | €4,091 | -€1,125 | -21.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €228,757 | €303,551 | +€74,795 | +32.7% |
| Amounts receivable within one year | 40/41 | €10,600 | €5,460 | -€5,139 | -48.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,600 | €5,460 | -€5,139 | -48.5% |
| Current investments | 50/53 | €160,386 | €231,153 | +€70,767 | +44.1% |
| Cash at bank and in hand | 54/58 | €13,546 | €18,537 | +€4,990 | +36.8% |
| Deferred charges and accrued income | 490/1 | €44,225 | €48,402 | +€4,177 | +9.4% |
| Total equity and liabilities | 10/49 | €267,342 | €384,776 | +€117,435 | +43.9% |
| Equity | 10/15 | €196,536 | €220,444 | +€23,908 | +12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €184,136 | €208,044 | +€23,908 | +13.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €576 | €576 | = | 0.0% |
| Distributable reserves | 133 | €183,560 | €207,467 | +€23,908 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,806 | €164,333 | +€93,527 | +132% |
| Amounts payable after more than one year | 17 | €0 | €24,028 | +€24,028 | |
| Financial debts | 170/4 | €0 | €24,028 | +€24,028 | |
| Amounts payable within one year | 42/48 | €66,806 | €136,305 | +€69,499 | +104% |
| Current portion of amounts payable after more than one year | 42 | €6,329 | €9,699 | +€3,370 | +53.3% |
| Financial debts | 43 | €7,753 | €7,765 | +€13 | +0.2% |
| Credit institutions | 430/8 | €7,753 | €7,765 | +€13 | +0.2% |
| Trade debts | 44 | €1,533 | €834 | -€700 | -45.6% |
| Suppliers | 440/4 | €1,533 | €834 | -€700 | -45.6% |
| Taxes, remuneration and social security | 45 | €14,048 | €25,473 | +€11,425 | +81.3% |
| Taxes | 450/3 | €14,048 | €25,473 | +€11,425 | +81.3% |
| Other amounts payable | 47/48 | €37,143 | €92,534 | +€55,391 | +149% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €22,048 | +€22,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,999 | €24,260 | +€8,261 | +51.6% |
| Other operating charges | 640/8 | €1,944 | €1,346 | -€598 | -30.8% |
| Gross operating margin | 9900 | €159,256 | €193,579 | +€34,323 | +21.6% |
| Operating profit (loss) | 9901 | €141,313 | €167,973 | +€26,660 | +18.9% |
| Financial income | 75/76B | €757 | €1,950 | +€1,193 | +158% |
| Recurring financial income | 75 | €757 | €1,950 | +€1,193 | +158% |
| Financial charges | 65/66B | €2,879 | €2,731 | -€149 | -5.2% |
| Recurring financial charges | 65 | €2,879 | €2,731 | -€149 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €139,191 | €167,192 | +€28,001 | +20.1% |
| Income taxes | 67/77 | €38,210 | €50,751 | +€12,541 | +32.8% |
| Profit (loss) for the period | 9904 | €100,981 | €116,441 | +€15,460 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,981 | €116,441 | +€15,460 | +15.3% |
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.