DR. BENE VANBESIEN: 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. BENE VANBESIEN
Largest movements
- Cash +€84,159
up €84,159 (+133%), from €63,144 to €147,303
mainly Net result for the year (+€111,609) and Depreciation (+€18,233)
- Tangible fixed assets -€14,895
down €14,895 (-37.8%), from €39,370 to €24,474
- Current investments +€10,482
up €10,482 (+3.0%), from €348,283 to €358,765
- Reserves +€70,790
up €70,790 (+16.5%), from €428,434 to €499,224
- Tax, wage and social debts +€6,501
up €6,501 (+78.4%), from €8,290 to €14,791
- Gross operating margin +€17,311
up €17,311 (+11.3%), from €152,942 to €170,254
- Taxes +€6,231
up €6,231 (+15.6%), from €40,040 to €46,271
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,501 | €542,540 | +€83,040 | +18.1% |
| Fixed assets | 21/28 | €39,370 | €24,474 | -€14,895 | -37.8% |
| Tangible fixed assets | 22/27 | €39,370 | €24,474 | -€14,895 | -37.8% |
| Land and buildings | 22 | €14,855 | €7,427 | -€7,427 | -50.0% |
| Plant, machinery and equipment | 23 | €7,967 | €6,052 | -€1,916 | -24.0% |
| Furniture and vehicles | 24 | €11,563 | €7,628 | -€3,935 | -34.0% |
| Other tangible fixed assets | 26 | €4,985 | €3,368 | -€1,617 | -32.4% |
| Current assets | 29/58 | €420,131 | €518,066 | +€97,935 | +23.3% |
| Amounts receivable within one year | 40/41 | €3,023 | €4,320 | +€1,297 | +42.9% |
| Other amounts receivable | 41 | €3,023 | €4,320 | +€1,297 | +42.9% |
| Current investments | 50/53 | €348,283 | €358,765 | +€10,482 | +3.0% |
| Cash at bank and in hand | 54/58 | €63,144 | €147,303 | +€84,159 | +133% |
| Deferred charges and accrued income | 490/1 | €5,681 | €7,677 | +€1,996 | +35.1% |
| Total equity and liabilities | 10/49 | €459,501 | €542,540 | +€83,040 | +18.1% |
| Equity | 10/15 | €443,054 | €513,844 | +€70,790 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €428,434 | €499,224 | +€70,790 | +16.5% |
| Distributable reserves | 133 | €428,434 | €499,224 | +€70,790 | +16.5% |
| Profit (loss) carried forward | 14 | -€3,980 | -€3,980 | = | 0.0% |
| Amounts payable | 17/49 | €16,447 | €28,696 | +€12,250 | +74.5% |
| Amounts payable within one year | 42/48 | €14,908 | €27,170 | +€12,262 | +82.2% |
| Trade debts | 44 | €541 | €4,368 | +€3,827 | +708% |
| Suppliers | 440/4 | €541 | €4,368 | +€3,827 | +708% |
| Taxes, remuneration and social security | 45 | €8,290 | €14,791 | +€6,501 | +78.4% |
| Taxes | 450/3 | €8,290 | €14,791 | +€6,501 | +78.4% |
| Other amounts payable | 47/48 | €6,077 | €8,011 | +€1,934 | +31.8% |
| Accrued charges and deferred income | 492/3 | €1,538 | €1,526 | -€12 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,158 | €18,233 | +€75 | +0.4% |
| Other operating charges | 640/8 | €917 | €943 | +€26 | +2.8% |
| Gross operating margin | 9900 | €152,942 | €170,254 | +€17,311 | +11.3% |
| Operating profit (loss) | 9901 | €133,868 | €151,078 | +€17,211 | +12.9% |
| Financial income | 75/76B | €5,833 | €7,396 | +€1,563 | +26.8% |
| Recurring financial income | 75 | €5,833 | €7,396 | +€1,563 | +26.8% |
| Financial charges | 65/66B | €1,372 | €593 | -€779 | -56.8% |
| Recurring financial charges | 65 | €1,372 | €593 | -€779 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €138,328 | €157,881 | +€19,552 | +14.1% |
| Income taxes | 67/77 | €40,040 | €46,271 | +€6,231 | +15.6% |
| Profit (loss) for the period | 9904 | €98,288 | €111,609 | +€13,321 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,288 | €111,609 | +€13,321 | +13.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.