T. BEN: 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.
T. BEN
Largest movements
- Receivables within one year -€40,752
down €40,752 (-72.6%), from €56,131 to €15,379
of which Trade receivables: -€46,994
- Cash -€19,433
down €19,433 (-68.1%), from €28,548 to €9,115
mainly Net result for the year (-€47,422) and Debts after one year (-€15,222)
- Stocks and contracts -€11,250
down €11,250 (-23.4%), from €48,000 to €36,750
- Tangible fixed assets -€7,671
down €7,671 (-36.5%), from €21,007 to €13,336
of which Land and buildings: -€7,601
- Profit (loss) carried forward -€47,422
down €47,422 (-27.8%), from €170,474 to €123,052
- Debts after one year -€15,222
down €15,222 (-47.3%), from €32,153 to €16,931
- Trade debts -€9,151
down €9,151 (-81.8%), from €11,194 to €2,043
- Other debts -€7,890
down €7,890 (-73.5%), from €10,736 to €2,846
- Gross operating margin -€41,371
down €41,371, from €9,989 to -€31,383
- Financial charges -€2,053
down €2,053 (-63.9%), from €3,215 to €1,162
- Taxes +€908
new in 2025: €908
- Other operating charges -€633
down €633 (-10.8%), from €5,888 to €5,255
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 | €287,590 | €209,578 | -€78,012 | -27.1% |
| Fixed assets | 21/28 | €154,206 | €146,535 | -€7,671 | -5.0% |
| Tangible fixed assets | 22/27 | €21,007 | €13,336 | -€7,671 | -36.5% |
| Land and buildings | 22 | €20,604 | €13,003 | -€7,601 | -36.9% |
| Plant, machinery and equipment | 23 | €403 | €333 | -€70 | -17.4% |
| Financial fixed assets | 28 | €133,199 | €133,199 | = | 0.0% |
| Current assets | 29/58 | €133,384 | €63,043 | -€70,341 | -52.7% |
| Stocks and contracts in progress | 3 | €48,000 | €36,750 | -€11,250 | -23.4% |
| Stocks | 30/36 | €48,000 | €36,750 | -€11,250 | -23.4% |
| Amounts receivable within one year | 40/41 | €56,131 | €15,379 | -€40,752 | -72.6% |
| Trade receivables | 40 | €48,964 | €1,970 | -€46,994 | -96.0% |
| Other amounts receivable | 41 | €7,167 | €13,409 | +€6,242 | +87.1% |
| Cash at bank and in hand | 54/58 | €28,548 | €9,115 | -€19,433 | -68.1% |
| Deferred charges and accrued income | 490/1 | €705 | €1,799 | +€1,094 | +155.1% |
| Total equity and liabilities | 10/49 | €287,590 | €209,578 | -€78,012 | -27.1% |
| Equity | 10/15 | €218,713 | €171,290 | -€47,422 | -21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,638 | €29,638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,479 | €17,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €15,619 | €15,619 | = | 0.0% |
| Distributable reserves | 133 | €12,160 | €12,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,474 | €123,052 | -€47,422 | -27.8% |
| Amounts payable | 17/49 | €68,878 | €38,288 | -€30,590 | -44.4% |
| Amounts payable after more than one year | 17 | €32,153 | €16,931 | -€15,222 | -47.3% |
| Financial debts | 170/4 | €32,153 | €16,931 | -€15,222 | -47.3% |
| Amounts payable within one year | 42/48 | €36,724 | €20,985 | -€15,739 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €14,794 | €15,174 | +€380 | +2.6% |
| Trade debts | 44 | €11,194 | €2,043 | -€9,151 | -81.8% |
| Suppliers | 440/4 | €11,194 | €2,043 | -€9,151 | -81.8% |
| Taxes, remuneration and social security | 45 | - | €922 | +€922 | |
| Taxes | 450/3 | - | €922 | +€922 | |
| Other amounts payable | 47/48 | €10,736 | €2,846 | -€7,890 | -73.5% |
| Accrued charges and deferred income | 492/3 | - | €371 | +€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,634 | €9,687 | +€53 | +0.6% |
| Other operating charges | 640/8 | €5,888 | €5,255 | -€633 | -10.8% |
| Gross operating margin | 9900 | €9,989 | -€31,383 | -€41,371 | |
| Operating profit (loss) | 9901 | -€5,533 | -€46,325 | -€40,791 | -737.2% |
| Financial income | 75/76B | €1,062 | €972 | -€90 | -8.5% |
| Recurring financial income | 75 | €1,062 | €972 | -€90 | -8.5% |
| Financial charges | 65/66B | €3,215 | €1,162 | -€2,053 | -63.9% |
| Recurring financial charges | 65 | €3,215 | €1,162 | -€2,053 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,687 | -€46,515 | -€38,828 | -505.1% |
| Income taxes | 67/77 | - | €908 | +€908 | |
| Profit (loss) for the period | 9904 | -€7,687 | -€47,422 | -€39,736 | -516.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,687 | -€47,422 | -€39,736 | -516.9% |
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 9 October 2026 via checked.be.