Het Bengeltje: 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.
Het Bengeltje
Largest movements
- Cash +€68,320
up €68,320 (+62.1%), from €109,980 to €178,300
mainly Net result for the year (+€112,961) and Tax, wage and social debts (+€23,992)
- Receivables within one year +€66,869
new in 2025: €66,869
of which Other amounts receivable: +€63,121
- Deferred charges and accrued income +€8,266
up €8,266 (+738%), from €1,119 to €9,386
- Reserves +€101,295
up €101,295 (+66.8%), from €151,729 to €253,024
- Tax, wage and social debts +€23,992
up €23,992 (+64.5%), from €37,180 to €61,172
of which Remuneration and social security: +€23,957
- Trade debts +€20,334
up €20,334 (+106%), from €19,175 to €39,509
- Debts after one year -€12,795
down €12,795 (-3.8%), from €336,632 to €323,837
- Gross operating margin -€129,236
down €129,236 (-19.6%), from €658,891 to €529,655
- Depreciation -€40,000
down €40,000 (-67.2%), from €59,499 to €19,499
- Staff costs -€31,956
down €31,956 (-8.4%), from €382,465 to €350,509
- Taxes -€16,873
down €16,873 (-35.5%), from €47,521 to €30,648
- Financial charges +€10,062
up €10,062 (+492%), from €2,045 to €12,107
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 | €581,782 | €722,204 | +€140,422 | +24.1% |
| Fixed assets | 21/28 | €470,683 | €467,649 | -€3,033 | -0.6% |
| Tangible fixed assets | 22/27 | €470,683 | €467,649 | -€3,033 | -0.6% |
| Land and buildings | 22 | €411,193 | €411,388 | +€195 | 0.0% |
| Plant, machinery and equipment | 23 | €2,287 | €1,553 | -€734 | -32.1% |
| Furniture and vehicles | 24 | €2,596 | €5,077 | +€2,481 | +95.6% |
| Other tangible fixed assets | 26 | €54,607 | €49,631 | -€4,975 | -9.1% |
| Current assets | 29/58 | €111,099 | €254,555 | +€143,456 | +129% |
| Amounts receivable within one year | 40/41 | - | €66,869 | +€66,869 | |
| Trade receivables | 40 | - | €3,748 | +€3,748 | |
| Other amounts receivable | 41 | - | €63,121 | +€63,121 | |
| Cash at bank and in hand | 54/58 | €109,980 | €178,300 | +€68,320 | +62.1% |
| Deferred charges and accrued income | 490/1 | €1,119 | €9,386 | +€8,266 | +738% |
| Total equity and liabilities | 10/49 | €581,782 | €722,204 | +€140,422 | +24.1% |
| Equity | 10/15 | €161,729 | €263,024 | +€101,295 | +62.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €151,729 | €253,024 | +€101,295 | +66.8% |
| Distributable reserves | 133 | €151,729 | €253,024 | +€101,295 | +66.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €420,053 | €459,180 | +€39,127 | +9.3% |
| Amounts payable after more than one year | 17 | €336,632 | €323,837 | -€12,795 | -3.8% |
| Financial debts | 170/4 | €336,632 | €323,837 | -€12,795 | -3.8% |
| Amounts payable within one year | 42/48 | €83,420 | €135,343 | +€51,922 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €12,357 | €12,795 | +€438 | +3.5% |
| Trade debts | 44 | €19,175 | €39,509 | +€20,334 | +106% |
| Suppliers | 440/4 | €19,175 | €39,509 | +€20,334 | +106% |
| Taxes, remuneration and social security | 45 | €37,180 | €61,172 | +€23,992 | +64.5% |
| Taxes | 450/3 | €2,521 | €2,556 | +€35 | +1.4% |
| Remuneration and social security | 454/9 | €34,659 | €58,616 | +€23,957 | +69.1% |
| Other amounts payable | 47/48 | €14,708 | €21,866 | +€7,158 | +48.7% |
| Remuneration, social security and pensions | 62 | €382,465 | €350,509 | -€31,956 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,499 | €19,499 | -€40,000 | -67.2% |
| Other operating charges | 640/8 | €10,905 | €5,494 | -€5,411 | -49.6% |
| Gross operating margin | 9900 | €658,891 | €529,655 | -€129,236 | -19.6% |
| Operating profit (loss) | 9901 | €206,022 | €154,153 | -€51,869 | -25.2% |
| Financial income | 75/76B | €274 | €1,563 | +€1,289 | +471% |
| Recurring financial income | 75 | €274 | €1,563 | +€1,289 | +471% |
| Financial charges | 65/66B | €2,045 | €12,107 | +€10,062 | +492% |
| Recurring financial charges | 65 | €2,045 | €12,107 | +€10,062 | +492% |
| Profit (loss) for the period before taxes | 9903 | €204,250 | €143,609 | -€60,641 | -29.7% |
| Income taxes | 67/77 | €47,521 | €30,648 | -€16,873 | -35.5% |
| Profit (loss) for the period | 9904 | €156,729 | €112,961 | -€43,768 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €156,729 | €112,961 | -€43,768 | -27.9% |
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 25 October 2026 via checked.be.