W.BENS BEHEER: 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.
W.BENS BEHEER
Largest movements
- Current investments +€319,733
up €319,733 (+26.5%), from €1.2m to €1.5m
- Receivables within one year +€177,806
up €177,806 (+2,894%), from €6,143 to €183,949
of which Other amounts receivable: +€177,188
- Cash -€79,083
down €79,083 (-45.9%), from €172,116 to €93,033
mainly Current investments (-€319,733) and Receivables within one year (-€177,806)
- Tangible fixed assets +€26,096
up €26,096 (+71.8%), from €36,341 to €62,437
of which Furniture and vehicles: +€24,070
- Reserves +€428,000
up €428,000 (+36.0%), from €1.2m to €1.6m
of which Distributable reserves: +€428,000
- Gross operating margin +€30,102
up €30,102 (+3.9%), from €779,774 to €809,876
- Staff costs +€13,242
up €13,242 (+8.4%), from €158,420 to €171,662
- Financial income +€9,049
up €9,049 (+44.0%), from €20,580 to €29,629
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 | €1,453,067 | €1,895,199 | +€442,132 | +30.4% |
| Fixed assets | 21/28 | €53,771 | €75,395 | +€21,624 | +40.2% |
| Intangible fixed assets | 21 | €13,500 | €9,000 | -€4,500 | -33.3% |
| Tangible fixed assets | 22/27 | €36,341 | €62,437 | +€26,096 | +71.8% |
| Plant, machinery and equipment | 23 | €1,700 | €3,726 | +€2,026 | +119% |
| Furniture and vehicles | 24 | €34,641 | €58,711 | +€24,070 | +69.5% |
| Financial fixed assets | 28 | €3,930 | €3,958 | +€28 | +0.7% |
| Current assets | 29/58 | €1,399,296 | €1,819,804 | +€420,508 | +30.1% |
| Amounts receivable within one year | 40/41 | €6,143 | €183,949 | +€177,806 | +2,894% |
| Trade receivables | 40 | €6,143 | €6,761 | +€618 | +10.1% |
| Other amounts receivable | 41 | - | €177,188 | +€177,188 | |
| Current investments | 50/53 | €1,206,114 | €1,525,847 | +€319,733 | +26.5% |
| Cash at bank and in hand | 54/58 | €172,116 | €93,033 | -€79,083 | -45.9% |
| Deferred charges and accrued income | 490/1 | €14,923 | €16,975 | +€2,052 | +13.8% |
| Total equity and liabilities | 10/49 | €1,453,067 | €1,895,199 | +€442,132 | +30.4% |
| Equity | 10/15 | €1,253,663 | €1,680,730 | +€427,067 | +34.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,188,400 | €1,616,400 | +€428,000 | +36.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €1,182,150 | €1,610,150 | +€428,000 | +36.2% |
| Profit (loss) carried forward | 14 | €2,763 | €1,830 | -€933 | -33.8% |
| Amounts payable | 17/49 | €199,404 | €214,469 | +€15,065 | +7.6% |
| Amounts payable within one year | 42/48 | €188,714 | €213,729 | +€25,015 | +13.3% |
| Trade debts | 44 | €8,187 | €10,467 | +€2,280 | +27.8% |
| Suppliers | 440/4 | €8,187 | €10,467 | +€2,280 | +27.8% |
| Taxes, remuneration and social security | 45 | €53,649 | €66,754 | +€13,105 | +24.4% |
| Taxes | 450/3 | €40,221 | €46,647 | +€6,426 | +16.0% |
| Remuneration and social security | 454/9 | €13,428 | €20,107 | +€6,679 | +49.7% |
| Other amounts payable | 47/48 | €126,878 | €136,508 | +€9,630 | +7.6% |
| Accrued charges and deferred income | 492/3 | €10,690 | €740 | -€9,950 | -93.1% |
| Non-recurring operating income | 76A | - | €2,800 | +€2,800 | |
| Remuneration, social security and pensions | 62 | €158,420 | €171,662 | +€13,242 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,081 | €20,595 | +€6,514 | +46.3% |
| Other operating charges | 640/8 | €1,760 | €2,061 | +€301 | +17.1% |
| Gross operating margin | 9900 | €779,774 | €809,876 | +€30,102 | +3.9% |
| Operating profit (loss) | 9901 | €605,513 | €615,558 | +€10,045 | +1.7% |
| Financial income | 75/76B | €20,580 | €29,629 | +€9,049 | +44.0% |
| Recurring financial income | 75 | €20,580 | €29,629 | +€9,049 | +44.0% |
| Financial charges | 65/66B | €12,536 | €17,240 | +€4,704 | +37.5% |
| Recurring financial charges | 65 | €12,536 | €17,240 | +€4,704 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €613,557 | €627,947 | +€14,390 | +2.3% |
| Income taxes | 67/77 | €194,280 | €198,380 | +€4,100 | +2.1% |
| Profit (loss) for the period | 9904 | €419,277 | €429,567 | +€10,290 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €419,277 | €429,567 | +€10,290 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.