BANEL MANAGEMENT: 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.
BANEL MANAGEMENT
Largest movements
- Tangible fixed assets -€319,551
down €319,551 (-9.7%), from €3.3m to €3.0m
of which Land and buildings: -€306,848
- Cash +€253,226
up €253,226 (+242%), from €104,529 to €357,754
mainly Net result for the year (+€421,779) and Investment in fixed assets (net) (+€227,399)
- Receivables within one year +€59,417
up €59,417 (+26.4%), from €225,147 to €284,564
of which Trade receivables: +€59,464
- Debts after one year -€484,783
down €484,783 (-19.8%), from €2.4m to €2.0m
- Reserves +€421,779
up €421,779 (+45.8%), from €921,099 to €1.3m
- Tax, wage and social debts +€77,278
up €77,278 (+380%), from €20,313 to €97,591
- Gross operating margin +€157,396
up €157,396 (+25.9%), from €607,170 to €764,565
- Taxes +€70,782
up €70,782 (+57.6%), from €122,809 to €193,591
- Other operating charges -€64,370
down €64,370 (-84.4%), from €76,285 to €11,915
- Depreciation +€8,067
up €8,067 (+9.6%), from €84,085 to €92,152
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 | €3,636,409 | €3,629,012 | -€7,397 | -0.2% |
| Fixed assets | 21/28 | €3,305,819 | €2,986,268 | -€319,551 | -9.7% |
| Tangible fixed assets | 22/27 | €3,298,379 | €2,978,828 | -€319,551 | -9.7% |
| Land and buildings | 22 | €3,242,119 | €2,935,271 | -€306,848 | -9.5% |
| Furniture and vehicles | 24 | €56,260 | €43,557 | -€12,703 | -22.6% |
| Financial fixed assets | 28 | €7,440 | €7,440 | = | 0.0% |
| Current assets | 29/58 | €330,590 | €642,745 | +€312,154 | +94.4% |
| Amounts receivable within one year | 40/41 | €225,147 | €284,564 | +€59,417 | +26.4% |
| Trade receivables | 40 | €199,100 | €258,564 | +€59,464 | +29.9% |
| Other amounts receivable | 41 | €26,047 | €26,000 | -€47 | -0.2% |
| Cash at bank and in hand | 54/58 | €104,529 | €357,754 | +€253,226 | +242% |
| Deferred charges and accrued income | 490/1 | €915 | €426 | -€488 | -53.4% |
| Total equity and liabilities | 10/49 | €3,636,409 | €3,629,012 | -€7,397 | -0.2% |
| Equity | 10/15 | €958,299 | €1,380,077 | +€421,779 | +44.0% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Contributions outside capital | 11 | €37,200 | - | -€37,200 | |
| Other | 1109/19 | €37,200 | - | -€37,200 | |
| Reserves | 13 | €921,099 | €1,342,877 | +€421,779 | +45.8% |
| Distributable reserves | 133 | €921,099 | €1,342,877 | +€421,779 | +45.8% |
| Amounts payable | 17/49 | €2,678,110 | €2,248,935 | -€429,175 | -16.0% |
| Amounts payable after more than one year | 17 | €2,443,194 | €1,958,411 | -€484,783 | -19.8% |
| Financial debts | 170/4 | €2,443,194 | €1,958,411 | -€484,783 | -19.8% |
| Amounts payable within one year | 42/48 | €209,781 | €279,366 | +€69,586 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €174,849 | €163,217 | -€11,632 | -6.7% |
| Trade debts | 44 | €7,102 | €12,315 | +€5,213 | +73.4% |
| Suppliers | 440/4 | €7,102 | €12,315 | +€5,213 | +73.4% |
| Taxes, remuneration and social security | 45 | €20,313 | €97,591 | +€77,278 | +380% |
| Taxes | 450/3 | €20,313 | €97,591 | +€77,278 | +380% |
| Other amounts payable | 47/48 | €7,517 | €6,243 | -€1,274 | -16.9% |
| Accrued charges and deferred income | 492/3 | €25,136 | €11,158 | -€13,978 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,085 | €92,152 | +€8,067 | +9.6% |
| Other operating charges | 640/8 | €76,285 | €11,915 | -€64,370 | -84.4% |
| Gross operating margin | 9900 | €607,170 | €764,565 | +€157,396 | +25.9% |
| Operating profit (loss) | 9901 | €446,800 | €660,498 | +€213,698 | +47.8% |
| Financial income | 75/76B | €18 | €4,825 | +€4,807 | +27,051% |
| Recurring financial income | 75 | €18 | €4,825 | +€4,807 | +27,051% |
| Financial charges | 65/66B | €48,780 | €49,953 | +€1,173 | +2.4% |
| Recurring financial charges | 65 | €48,780 | €49,953 | +€1,173 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €398,037 | €615,370 | +€217,333 | +54.6% |
| Income taxes | 67/77 | €122,809 | €193,591 | +€70,782 | +57.6% |
| Profit (loss) for the period | 9904 | €275,228 | €421,779 | +€146,551 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €275,228 | €421,779 | +€146,551 | +53.2% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.