HUYNEN BENOIT: 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.
HUYNEN BENOIT
Largest movements
- Cash +€37,859
up €37,859 (+48.2%), from €78,520 to €116,379
mainly Depreciation (+€74,807) and Net result for the year (+€42,039)
- Stocks and contracts -€30,826
down €30,826 (-67.0%), from €46,003 to €15,177
of which Contracts in progress: -€34,230
- Intangible fixed assets -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Tangible fixed assets -€8,886
down €8,886 (-3.3%), from €268,729 to €259,843
of which Furniture and vehicles: -€45,590
- Trade debts -€54,478
down €54,478 (-96.9%), from €56,220 to €1,742
- Profit (loss) carried forward +€41,206
up €41,206 (+64.6%), from €63,774 to €104,980
- Current portion of long-term debt -€7,754
down €7,754 (-24.6%), from €31,577 to €23,824
- Debts after one year +€7,088
up €7,088 (+2.4%), from €299,847 to €306,935
of which Other amounts payable: +€30,911
- Depreciation -€29,397
down €29,397 (-28.2%), from €104,204 to €74,807
- Staff costs +€20,157
up €20,157 (+411%), from €4,899 to €25,057
- Financial income -€10,373
down €10,373 (-91.2%), from €11,379 to €1,006
of which Financial income: -€9,073
- Taxes +€8,792
up €8,792 (+150%), from €5,873 to €14,665
- Gross operating margin +€3,536
up €3,536 (+2.2%), from €162,932 to €166,468
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 | €472,726 | €461,288 | -€11,438 | -2.4% |
| Fixed assets | 21/28 | €318,729 | €299,843 | -€18,886 | -5.9% |
| Intangible fixed assets | 21 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Tangible fixed assets | 22/27 | €268,729 | €259,843 | -€8,886 | -3.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €21,317 | €58,021 | +€36,704 | +172% |
| Furniture and vehicles | 24 | €247,412 | €201,822 | -€45,590 | -18.4% |
| Current assets | 29/58 | €153,997 | €161,445 | +€7,448 | +4.8% |
| Stocks and contracts in progress | 3 | €46,003 | €15,177 | -€30,826 | -67.0% |
| Stocks | 30/36 | €8,393 | €11,797 | +€3,404 | +40.6% |
| Contracts in progress | 37 | €37,610 | €3,380 | -€34,230 | -91.0% |
| Amounts receivable within one year | 40/41 | €25,710 | €25,991 | +€281 | +1.1% |
| Trade receivables | 40 | €16,094 | €25,802 | +€9,708 | +60.3% |
| Other amounts receivable | 41 | €9,616 | €189 | -€9,427 | -98.0% |
| Cash at bank and in hand | 54/58 | €78,520 | €116,379 | +€37,859 | +48.2% |
| Deferred charges and accrued income | 490/1 | €3,765 | €3,899 | +€134 | +3.6% |
| Total equity and liabilities | 10/49 | €472,726 | €461,288 | -€11,438 | -2.4% |
| Equity | 10/15 | €78,634 | €118,864 | +€40,230 | +51.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,774 | €104,980 | +€41,206 | +64.6% |
| Investment grants | 15 | €4,861 | €3,884 | -€977 | -20.1% |
| Amounts payable | 17/49 | €394,092 | €342,424 | -€51,668 | -13.1% |
| Amounts payable after more than one year | 17 | €299,847 | €306,935 | +€7,088 | +2.4% |
| Financial debts | 170/4 | €66,676 | €42,852 | -€23,824 | -35.7% |
| Other amounts payable | 178/9 | €233,172 | €264,083 | +€30,911 | +13.3% |
| Amounts payable within one year | 42/48 | €94,245 | €35,488 | -€58,757 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €31,577 | €23,824 | -€7,754 | -24.6% |
| Trade debts | 44 | €56,220 | €1,742 | -€54,478 | -96.9% |
| Suppliers | 440/4 | €56,220 | €1,742 | -€54,478 | -96.9% |
| Taxes, remuneration and social security | 45 | €3,218 | €7,281 | +€4,063 | +126% |
| Taxes | 450/3 | €3,218 | €6,669 | +€3,451 | +107% |
| Remuneration and social security | 454/9 | €0 | €612 | +€612 | |
| Other amounts payable | 47/48 | €3,229 | €2,641 | -€588 | -18.2% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €4,899 | €25,057 | +€20,157 | +411% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,204 | €74,807 | -€29,397 | -28.2% |
| Other operating charges | 640/8 | €2,554 | €2,275 | -€279 | -10.9% |
| Non-recurring operating charges | 66A | - | €30 | +€30 | |
| Gross operating margin | 9900 | €162,932 | €166,468 | +€3,536 | +2.2% |
| Operating profit (loss) | 9901 | €51,275 | €64,299 | +€13,024 | +25.4% |
| Financial income | 75/76B | €11,379 | €1,006 | -€10,373 | -91.2% |
| Recurring financial income | 75 | €10,079 | €1,006 | -€9,073 | -90.0% |
| Non-recurring financial income | 76B | €1,300 | - | -€1,300 | |
| Financial charges | 65/66B | €6,446 | €8,601 | +€2,155 | +33.4% |
| Recurring financial charges | 65 | €6,446 | €8,601 | +€2,155 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €56,208 | €56,704 | +€496 | +0.9% |
| Income taxes | 67/77 | €5,873 | €14,665 | +€8,792 | +150% |
| Profit (loss) for the period | 9904 | €50,335 | €42,039 | -€8,295 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,335 | €42,039 | -€8,295 | -16.5% |
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 13 October 2026 via checked.be.