Dr Benoît POUCET: 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 Benoît POUCET
Largest movements
- Cash +€58,222
up €58,222 (+25.7%), from €226,667 to €284,890
mainly Net result for the year (+€103,547) and Tax, wage and social debts (+€47,785)
- Current investments +€53,986
up €53,986 (+102%), from €53,014 to €107,000
- Tangible fixed assets -€9,313
down €9,313 (-28.5%), from €32,660 to €23,348
of which Furniture and vehicles: -€8,474
- Deferred charges and accrued income -€5,571
down €5,571 (-96.4%), from €5,781 to €210
- Reserves +€73,547
up €73,547 (+26.4%), from €278,312 to €351,859
of which Distributable reserves: +€73,547
- Tax, wage and social debts +€47,785
up €47,785 (+249%), from €19,227 to €67,012
of which Remuneration and social security: +€29,597
- Other debts -€24,548
down €24,548 (-97.0%), from €25,320 to €772
- Taxes +€16,711
up €16,711 (+55.5%), from €30,123 to €46,834
- Gross operating margin +€5,145
up €5,145 (+3.2%), from €162,944 to €168,089
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 | €325,919 | €421,160 | +€95,241 | +29.2% |
| Fixed assets | 21/28 | €32,660 | €23,348 | -€9,313 | -28.5% |
| Tangible fixed assets | 22/27 | €32,660 | €23,348 | -€9,313 | -28.5% |
| Plant, machinery and equipment | 23 | €1,968 | €1,129 | -€839 | -42.6% |
| Furniture and vehicles | 24 | €30,692 | €22,218 | -€8,474 | -27.6% |
| Current assets | 29/58 | €293,259 | €397,813 | +€104,553 | +35.7% |
| Amounts receivable within one year | 40/41 | €7,797 | €5,712 | -€2,085 | -26.7% |
| Trade receivables | 40 | €7,797 | €871 | -€6,926 | -88.8% |
| Other amounts receivable | 41 | - | €4,841 | +€4,841 | |
| Current investments | 50/53 | €53,014 | €107,000 | +€53,986 | +102% |
| Cash at bank and in hand | 54/58 | €226,667 | €284,890 | +€58,222 | +25.7% |
| Deferred charges and accrued income | 490/1 | €5,781 | €210 | -€5,571 | -96.4% |
| Total equity and liabilities | 10/49 | €325,919 | €421,160 | +€95,241 | +29.2% |
| Equity | 10/15 | €278,312 | €351,859 | +€73,547 | +26.4% |
| Reserves | 13 | €278,312 | €351,859 | +€73,547 | +26.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €276,452 | €349,999 | +€73,547 | +26.6% |
| Amounts payable | 17/49 | €47,607 | €69,301 | +€21,694 | +45.6% |
| Amounts payable within one year | 42/48 | €47,607 | €69,301 | +€21,694 | +45.6% |
| Trade debts | 44 | €3,061 | €1,517 | -€1,543 | -50.4% |
| Suppliers | 440/4 | €3,061 | €1,517 | -€1,543 | -50.4% |
| Taxes, remuneration and social security | 45 | €19,227 | €67,012 | +€47,785 | +249% |
| Taxes | 450/3 | €18,824 | €37,012 | +€18,188 | +96.6% |
| Remuneration and social security | 454/9 | €403 | €30,000 | +€29,597 | +7,336% |
| Other amounts payable | 47/48 | €25,320 | €772 | -€24,548 | -97.0% |
| Remuneration, social security and pensions | 62 | €8,304 | €8,681 | +€377 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,328 | €9,313 | -€15 | -0.2% |
| Other operating charges | 640/8 | €607 | €400 | -€208 | -34.2% |
| Gross operating margin | 9900 | €162,944 | €168,089 | +€5,145 | +3.2% |
| Operating profit (loss) | 9901 | €144,705 | €149,696 | +€4,990 | +3.4% |
| Financial income | 75/76B | - | €842 | +€842 | |
| Recurring financial income | 75 | - | €842 | +€842 | |
| Financial charges | 65/66B | €269 | €157 | -€112 | -41.6% |
| Recurring financial charges | 65 | €269 | €157 | -€112 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €144,436 | €150,380 | +€5,944 | +4.1% |
| Income taxes | 67/77 | €30,123 | €46,834 | +€16,711 | +55.5% |
| Profit (loss) for the period | 9904 | €114,313 | €103,547 | -€10,767 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,313 | €103,547 | -€10,767 | -9.4% |
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 14 October 2026 via checked.be.