P/A Benelux: what changed
P/A Benelux
Largest movements
- Cash +€4,475
up €4,475 (+665%), from €673 to €5,148
mainly Net result for the year (+€25,866) and Trade debts (+€7,353)
- Receivables within one year +€2,548
up €2,548 (+36.7%), from €6,938 to €9,485
of which Trade receivables: +€1,555
- Tangible fixed assets -€567
down €567 (-84.6%), from €671 to €104
- Deferred charges and accrued income -€475
no longer reported in 2025 (was €475)
- Debts after one year -€33,321
down €33,321 (-34.1%), from €97,759 to €64,439
- Profit (loss) carried forward +€25,866
up €25,866 (+24.5%), from -€105,418 to -€79,552
- Trade debts +€7,353
up €7,353 (+246%), from €2,990 to €10,343
of which Suppliers: +€4,464
- Tax, wage and social debts +€6,102
up €6,102 (+84.7%), from €7,206 to €13,308
- Gross operating margin +€20,223
up €20,223 (+258%), from €7,846 to €28,069
- Other operating charges -€1,941
down €1,941 (-73.4%), from €2,642 to €702
- Depreciation -€1,887
down €1,887 (-76.9%), from €2,454 to €567
- Financial income -€1,642
down €1,642 (-92.1%), from €1,783 to €140
- Financial charges -€415
down €415 (-27.9%), from €1,489 to €1,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,757 | €14,737 | +€5,980 | +68.3% |
| Fixed assets | 21/28 | €671 | €104 | -€567 | -84.6% |
| Tangible fixed assets | 22/27 | €671 | €104 | -€567 | -84.6% |
| Plant, machinery and equipment | 23 | €671 | €104 | -€567 | -84.6% |
| Current assets | 29/58 | €8,086 | €14,633 | +€6,547 | +81.0% |
| Amounts receivable within one year | 40/41 | €6,938 | €9,485 | +€2,548 | +36.7% |
| Trade receivables | 40 | €1,640 | €3,195 | +€1,555 | +94.9% |
| Other amounts receivable | 41 | €5,298 | €6,290 | +€992 | +18.7% |
| Cash at bank and in hand | 54/58 | €673 | €5,148 | +€4,475 | +665% |
| Deferred charges and accrued income | 490/1 | €475 | - | -€475 | |
| Total equity and liabilities | 10/49 | €8,757 | €14,737 | +€5,980 | +68.3% |
| Equity | 10/15 | -€99,218 | -€73,352 | +€25,866 | +26.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,418 | -€79,552 | +€25,866 | +24.5% |
| Amounts payable | 17/49 | €107,975 | €88,089 | -€19,886 | -18.4% |
| Amounts payable after more than one year | 17 | €97,759 | €64,439 | -€33,321 | -34.1% |
| Financial debts | 170/4 | €97,759 | €64,439 | -€33,321 | -34.1% |
| Amounts payable within one year | 42/48 | €10,196 | €23,651 | +€13,454 | +132% |
| Trade debts | 44 | €2,990 | €10,343 | +€7,353 | +246% |
| Suppliers | 440/4 | €2,990 | €7,453 | +€4,464 | +149% |
| Bills of exchange payable | 441 | - | €2,889 | +€2,889 | |
| Taxes, remuneration and social security | 45 | €7,206 | €13,308 | +€6,102 | +84.7% |
| Taxes | 450/3 | €7,206 | €13,308 | +€6,102 | +84.7% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,454 | €567 | -€1,887 | -76.9% |
| Other operating charges | 640/8 | €2,642 | €702 | -€1,941 | -73.4% |
| Gross operating margin | 9900 | €7,846 | €28,069 | +€20,223 | +258% |
| Operating profit (loss) | 9901 | €2,749 | €26,800 | +€24,050 | +875% |
| Financial income | 75/76B | €1,783 | €140 | -€1,642 | -92.1% |
| Recurring financial income | 75 | €1,783 | €140 | -€1,642 | -92.1% |
| Financial charges | 65/66B | €1,489 | €1,074 | -€415 | -27.9% |
| Recurring financial charges | 65 | €1,489 | €1,074 | -€415 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €3,043 | €25,866 | +€22,823 | +750% |
| Profit (loss) for the period | 9904 | €3,043 | €25,866 | +€22,823 | +750% |
| Profit (loss) for the period to be appropriated | 9905 | €3,043 | €25,866 | +€22,823 | +750% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.