VdE-Benoot: 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.
VdE-Benoot
Largest movements
- Cash +€22,427
up €22,427 (+26.4%), from €84,816 to €107,243
mainly Net result for the year (+€153,276) and Tax, wage and social debts (+€12,993)
- Profit (loss) carried forward +€153,276
up €153,276 (+22.2%), from €691,984 to €845,260
- Debts after one year -€152,064
down €152,064 (-14.3%), from €1.1m to €907,843
- Gross operating margin -€499,493
down €499,493 (-67.8%), from €736,964 to €237,471
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 | €2,016,659 | €2,034,131 | +€17,473 | +0.9% |
| Fixed assets | 21/28 | €1,875,000 | €1,876,862 | +€1,862 | +0.1% |
| Tangible fixed assets | 22/27 | - | €1,862 | +€1,862 | |
| Furniture and vehicles | 24 | - | €1,862 | +€1,862 | |
| Financial fixed assets | 28 | €1,875,000 | €1,875,000 | = | 0.0% |
| Current assets | 29/58 | €141,659 | €157,269 | +€15,611 | +11.0% |
| Amounts receivable within one year | 40/41 | €11,842 | €26 | -€11,816 | -99.8% |
| Other amounts receivable | 41 | €11,842 | €26 | -€11,816 | -99.8% |
| Cash at bank and in hand | 54/58 | €84,816 | €107,243 | +€22,427 | +26.4% |
| Deferred charges and accrued income | 490/1 | €45,000 | €50,000 | +€5,000 | +11.1% |
| Total equity and liabilities | 10/49 | €2,016,659 | €2,034,131 | +€17,473 | +0.9% |
| Equity | 10/15 | €746,984 | €900,260 | +€153,276 | +20.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €691,984 | €845,260 | +€153,276 | +22.2% |
| Amounts payable | 17/49 | €1,269,675 | €1,133,871 | -€135,803 | -10.7% |
| Amounts payable after more than one year | 17 | €1,059,906 | €907,843 | -€152,064 | -14.3% |
| Financial debts | 170/4 | €1,059,906 | €907,843 | -€152,064 | -14.3% |
| Amounts payable within one year | 42/48 | €204,720 | €221,240 | +€16,520 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €98,560 | €102,064 | +€3,503 | +3.6% |
| Taxes, remuneration and social security | 45 | €54,184 | €67,177 | +€12,993 | +24.0% |
| Taxes | 450/3 | €54,184 | €67,177 | +€12,993 | +24.0% |
| Other amounts payable | 47/48 | €51,976 | €52,000 | +€24 | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,048 | €4,788 | -€260 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €345 | +€345 | |
| Other operating charges | 640/8 | €182 | €433 | +€252 | +138.4% |
| Gross operating margin | 9900 | €736,964 | €237,471 | -€499,493 | -67.8% |
| Operating profit (loss) | 9901 | €736,782 | €236,693 | -€500,089 | -67.9% |
| Financial charges | 65/66B | €44,597 | €38,992 | -€5,605 | -12.6% |
| Recurring financial charges | 65 | €44,597 | €38,992 | -€5,605 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €692,185 | €197,701 | -€494,484 | -71.4% |
| Income taxes | 67/77 | €40,550 | €44,425 | +€3,876 | +9.6% |
| Profit (loss) for the period | 9904 | €651,636 | €153,276 | -€498,360 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €651,636 | €153,276 | -€498,360 | -76.5% |
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 10 October 2026 via checked.be.