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.
BEN
Largest movements
- Tangible fixed assets +€80,466
up €80,466 (+58.8%), from €136,773 to €217,239
of which Plant, machinery and equipment: +€83,308
- Receivables within one year +€61,518
up €61,518 (+121.5%), from €50,648 to €112,166
of which Other amounts receivable: +€44,904
- Cash +€12,077
up €12,077 (+79.1%), from €15,259 to €27,336
mainly Other debts (+€88,968) and Debts after one year (+€83,403)
- Other debts +€88,968
new in 2025: €88,968
- Debts after one year +€83,403
new in 2025: €83,403
- Profit (loss) carried forward -€45,484
down €45,484 (-74.1%), from €61,353 to €15,868
- Trade debts +€23,187
up €23,187 (+313.5%), from €7,397 to €30,583
- Tax, wage and social debts +€9,853
up €9,853 (+142.0%), from €6,941 to €16,794
- Gross operating margin +€15,363
up €15,363 (+23.2%), from €66,301 to €81,664
- Depreciation +€4,890
up €4,890 (+47.6%), from €10,274 to €15,164
- Taxes +€3,257
up €3,257 (+21.2%), from €15,363 to €18,620
- Financial charges +€1,167
up €1,167 (+99.3%), from €1,175 to €2,342
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 | €202,824 | €359,802 | +€156,977 | +77.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €136,917 | €217,383 | +€80,466 | +58.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €136,773 | €217,239 | +€80,466 | +58.8% |
| Land and buildings | 22 | €62,120 | €58,489 | -€3,631 | -5.8% |
| Plant, machinery and equipment | 23 | €74,364 | €157,672 | +€83,308 | +112.0% |
| Furniture and vehicles | 24 | €289 | €1,078 | +€789 | +272.8% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €65,907 | €142,418 | +€76,511 | +116.1% |
| Amounts receivable within one year | 40/41 | €50,648 | €112,166 | +€61,518 | +121.5% |
| Trade receivables | 40 | €7,362 | €23,976 | +€16,614 | +225.7% |
| Other amounts receivable | 41 | €43,286 | €88,190 | +€44,904 | +103.7% |
| Cash at bank and in hand | 54/58 | €15,259 | €27,336 | +€12,077 | +79.1% |
| Deferred charges and accrued income | 490/1 | - | €2,917 | +€2,917 | |
| Total equity and liabilities | 10/49 | €202,824 | €359,802 | +€156,977 | +77.4% |
| Equity | 10/15 | €182,404 | €139,102 | -€43,302 | -23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,851 | €117,033 | +€2,182 | +1.9% |
| Tax-exempt reserves | 132 | €7,355 | €7,355 | = | 0.0% |
| Distributable reserves | 133 | €107,496 | €109,678 | +€2,182 | +2.0% |
| Profit (loss) carried forward | 14 | €61,353 | €15,868 | -€45,484 | -74.1% |
| Amounts payable | 17/49 | €20,421 | €220,700 | +€200,280 | +980.8% |
| Amounts payable after more than one year | 17 | - | €83,403 | +€83,403 | |
| Financial debts | 170/4 | - | €83,403 | +€83,403 | |
| Amounts payable within one year | 42/48 | €20,421 | €137,297 | +€116,876 | +572.3% |
| Current portion of amounts payable after more than one year | 42 | €6,083 | €952 | -€5,132 | -84.4% |
| Trade debts | 44 | €7,397 | €30,583 | +€23,187 | +313.5% |
| Suppliers | 440/4 | €7,397 | €30,583 | +€23,187 | +313.5% |
| Taxes, remuneration and social security | 45 | €6,941 | €16,794 | +€9,853 | +142.0% |
| Taxes | 450/3 | €6,941 | €16,794 | +€9,853 | +142.0% |
| Other amounts payable | 47/48 | - | €88,968 | +€88,968 | |
| Remuneration, social security and pensions | 62 | €218 | - | -€218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,274 | €15,164 | +€4,890 | +47.6% |
| Other operating charges | 640/8 | €2,991 | €2,836 | -€155 | -5.2% |
| Gross operating margin | 9900 | €66,301 | €81,664 | +€15,363 | +23.2% |
| Operating profit (loss) | 9901 | €52,818 | €63,663 | +€10,845 | +20.5% |
| Financial income | 75/76B | €3,039 | €2,965 | -€74 | -2.4% |
| Recurring financial income | 75 | €3,039 | €2,965 | -€74 | -2.4% |
| Financial charges | 65/66B | €1,175 | €2,342 | +€1,167 | +99.3% |
| Recurring financial charges | 65 | €1,175 | €2,342 | +€1,167 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €54,682 | €64,286 | +€9,604 | +17.6% |
| Income taxes | 67/77 | €15,363 | €18,620 | +€3,257 | +21.2% |
| Profit (loss) for the period | 9904 | €39,319 | €45,666 | +€6,346 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,319 | €45,666 | +€6,346 | +16.1% |
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 11 October 2026 via checked.be.