Du Benoit: what changed
Two fiscal 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.
Du Benoit
Largest movements
- Receivables within one year +€90,835
up €90,835 (+436.5%), from €20,810 to €111,645
of which Trade receivables: +€84,558
- Stocks and contracts +€87,043
up €87,043 (+240.9%), from €36,137 to €123,180
- Trade debts +€151,683
up €151,683 (+409.1%), from €37,073 to €188,757
- Other debts +€18,546
up €18,546 (+20.4%), from €91,065 to €109,611
- Debts after one year +€11,200
up €11,200 (+280.0%), from €4,000 to €15,200
- Gross operating margin -€55,035
down €55,035 (-76.8%), from €71,662 to €16,627
- Other operating charges -€1,642
down €1,642 (-35.2%), from €4,667 to €3,024
- Depreciation +€1,593
up €1,593 (+16.0%), from €9,923 to €11,516
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.
Cash bridge derived
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 | €167,799 | €350,183 | +€182,384 | +108.7% |
| Fixed assets | 21/28 | €97,825 | €100,309 | +€2,484 | +2.5% |
| Tangible fixed assets | 22/27 | €97,525 | €100,009 | +€2,484 | +2.5% |
| Land and buildings | 22 | €97,525 | €86,986 | -€10,539 | -10.8% |
| Plant, machinery and equipment | 23 | - | €13,023 | +€13,023 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €69,974 | €249,873 | +€179,900 | +257.1% |
| Stocks and contracts in progress | 3 | €36,137 | €123,180 | +€87,043 | +240.9% |
| Stocks | 30/36 | €36,137 | €123,180 | +€87,043 | +240.9% |
| Amounts receivable within one year | 40/41 | €20,810 | €111,645 | +€90,835 | +436.5% |
| Trade receivables | 40 | €2,769 | €87,327 | +€84,558 | +3053.2% |
| Other amounts receivable | 41 | €18,040 | €24,317 | +€6,277 | +34.8% |
| Cash at bank and in hand | 54/58 | €11,313 | €13,220 | +€1,907 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,714 | €1,829 | +€115 | +6.7% |
| Total equity and liabilities | 10/49 | €167,799 | €350,183 | +€182,384 | +108.7% |
| Equity | 10/15 | €30,681 | €31,545 | +€864 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,481 | €25,345 | +€864 | +3.5% |
| Amounts payable | 17/49 | €137,118 | €318,638 | +€181,520 | +132.4% |
| Amounts payable after more than one year | 17 | €4,000 | €15,200 | +€11,200 | +280.0% |
| Financial debts | 170/4 | €4,000 | €15,200 | +€11,200 | +280.0% |
| Amounts payable within one year | 42/48 | €133,118 | €303,438 | +€170,320 | +127.9% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €5,070 | +€1,070 | +26.8% |
| Trade debts | 44 | €37,073 | €188,757 | +€151,683 | +409.1% |
| Suppliers | 440/4 | €37,073 | €188,757 | +€151,683 | +409.1% |
| Taxes, remuneration and social security | 45 | €980 | - | -€980 | |
| Taxes | 450/3 | €980 | - | -€980 | |
| Other amounts payable | 47/48 | €91,065 | €109,611 | +€18,546 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,923 | €11,516 | +€1,593 | +16.0% |
| Other operating charges | 640/8 | €4,667 | €3,024 | -€1,642 | -35.2% |
| Gross operating margin | 9900 | €71,662 | €16,627 | -€55,035 | -76.8% |
| Operating profit (loss) | 9901 | €57,072 | €2,087 | -€54,985 | -96.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €594 | €1,223 | +€629 | +105.9% |
| Recurring financial charges | 65 | €594 | €1,223 | +€629 | +105.9% |
| Profit (loss) for the period before taxes | 9903 | €56,479 | €864 | -€55,615 | -98.5% |
| Profit (loss) for the period | 9904 | €56,479 | €864 | -€55,615 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,479 | €864 | -€55,615 | -98.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.