VAN BAEL BENNY: 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.
VAN BAEL BENNY
Largest movements
- Cash -€50,250
down €50,250 (-32.8%), from €153,156 to €102,906
mainly Net result for the year (-€61,167) and Debts after one year (-€19,027)
- Tangible fixed assets -€25,025
down €25,025 (-36.1%), from €69,354 to €44,329
of which Furniture and vehicles: -€13,721
- Receivables within one year -€8,497
down €8,497 (-12.9%), from €66,009 to €57,513
of which Trade receivables: -€5,376
- Profit (loss) carried forward -€31,511
new in 2025: -€31,511
- Reserves -€29,656
down €29,656 (-14.7%), from €201,783 to €172,127
- Debts after one year -€19,027
down €19,027 (-94.0%), from €20,233 to €1,206
- Current portion of long-term debt -€4,359
down €4,359 (-18.6%), from €23,386 to €19,027
- Gross operating margin -€178,068
down €178,068 (-96.8%), from €183,883 to €5,815
- Taxes -€32,726
down €32,726 (-97.4%), from €33,602 to €876
- Other operating charges -€3,616
down €3,616 (-30.6%), from €11,818 to €8,201
- Financial income +€2,478
up €2,478 (+2,478,210%), from €0 to €2,478
- Depreciation -€2,065
down €2,065 (-6.8%), from €30,192 to €28,128
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 | €290,575 | €207,352 | -€83,223 | -28.6% |
| Fixed assets | 21/28 | €69,489 | €44,464 | -€25,025 | -36.0% |
| Tangible fixed assets | 22/27 | €69,354 | €44,329 | -€25,025 | -36.1% |
| Plant, machinery and equipment | 23 | €36,176 | €24,872 | -€11,304 | -31.2% |
| Furniture and vehicles | 24 | €33,178 | €19,457 | -€13,721 | -41.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €221,086 | €162,888 | -€58,198 | -26.3% |
| Amounts receivable within one year | 40/41 | €66,009 | €57,513 | -€8,497 | -12.9% |
| Trade receivables | 40 | €5,376 | - | -€5,376 | |
| Other amounts receivable | 41 | €60,633 | €57,513 | -€3,121 | -5.1% |
| Cash at bank and in hand | 54/58 | €153,156 | €102,906 | -€50,250 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,920 | €2,469 | +€549 | +28.6% |
| Total equity and liabilities | 10/49 | €290,575 | €207,352 | -€83,223 | -28.6% |
| Equity | 10/15 | €220,383 | €159,216 | -€61,167 | -27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,783 | €172,127 | -€29,656 | -14.7% |
| Distributable reserves | 133 | €201,783 | €172,127 | -€29,656 | -14.7% |
| Profit (loss) carried forward | 14 | - | -€31,511 | -€31,511 | |
| Amounts payable | 17/49 | €70,192 | €48,136 | -€22,056 | -31.4% |
| Amounts payable after more than one year | 17 | €20,233 | €1,206 | -€19,027 | -94.0% |
| Financial debts | 170/4 | €20,233 | €1,206 | -€19,027 | -94.0% |
| Amounts payable within one year | 42/48 | €49,959 | €46,930 | -€3,029 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €23,386 | €19,027 | -€4,359 | -18.6% |
| Trade debts | 44 | €1,340 | €1,219 | -€121 | -9.0% |
| Suppliers | 440/4 | €1,340 | €1,219 | -€121 | -9.0% |
| Advances received on contracts in progress | 46 | - | €1,422 | +€1,422 | |
| Taxes, remuneration and social security | 45 | €25,232 | €25,261 | +€29 | +0.1% |
| Taxes | 450/3 | €19,759 | €19,602 | -€158 | -0.8% |
| Remuneration and social security | 454/9 | €5,473 | €5,660 | +€187 | +3.4% |
| Remuneration, social security and pensions | 62 | €30,483 | €31,610 | +€1,127 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,192 | €28,128 | -€2,065 | -6.8% |
| Other operating charges | 640/8 | €11,818 | €8,201 | -€3,616 | -30.6% |
| Non-recurring operating charges | 66A | €2,956 | - | -€2,956 | |
| Gross operating margin | 9900 | €183,883 | €5,815 | -€178,068 | -96.8% |
| Operating profit (loss) | 9901 | €108,433 | -€62,124 | -€170,557 | |
| Financial income | 75/76B | €0 | €2,478 | +€2,478 | +2,478,210% |
| Recurring financial income | 75 | €0 | €2,478 | +€2,478 | +2,478,210% |
| Financial charges | 65/66B | €955 | €645 | -€309 | -32.4% |
| Recurring financial charges | 65 | €955 | €645 | -€309 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €107,479 | -€60,291 | -€167,770 | |
| Income taxes | 67/77 | €33,602 | €876 | -€32,726 | -97.4% |
| Profit (loss) for the period | 9904 | €73,877 | -€61,167 | -€135,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,877 | -€61,167 | -€135,044 |
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.