BEN-E: 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-E
Largest movements
- Cash +€62,330
up €62,330 (+79.6%), from €78,306 to €140,636
mainly Net result for the year (+€108,003) and Receivables within one year (+€17,234)
- Deferred charges and accrued income +€47,811
up €47,811 (+3544.7%), from €1,349 to €49,160
- Receivables within one year -€17,234
down €17,234 (-18.3%), from €94,334 to €77,100
of which Trade receivables: -€52,154
- Financial fixed assets -€3,675
no longer reported in 2025 (was €3,675)
- Reserves +€76,714
up €76,714 (+60.4%), from €126,924 to €203,638
of which Distributable reserves: +€76,714
- Other debts +€16,813
up €16,813 (+130.5%), from €12,880 to €29,693
- Current portion of long-term debt -€12,800
no longer reported in 2025 (was €12,800)
- Accrued charges and deferred income +€7,716
up €7,716 (+865.9%), from €891 to €8,607
- Taxes +€7,426
up €7,426 (+16.1%), from €46,058 to €53,484
- Financial income +€3,362
new in 2025: €3,362
- Gross operating margin -€1,722
down €1,722 (-1.0%), from €164,388 to €162,667
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 | €191,207 | €279,146 | +€87,939 | +46.0% |
| Fixed assets | 21/28 | €12,939 | €9,153 | -€3,786 | -29.3% |
| Tangible fixed assets | 22/27 | €9,264 | €9,153 | -€111 | -1.2% |
| Land and buildings | 22 | €738 | €522 | -€216 | -29.3% |
| Furniture and vehicles | 24 | €4,076 | €4,181 | +€105 | +2.6% |
| Other tangible fixed assets | 26 | €4,450 | €4,450 | = | 0.0% |
| Financial fixed assets | 28 | €3,675 | - | -€3,675 | |
| Current assets | 29/58 | €178,268 | €269,993 | +€91,724 | +51.5% |
| Stocks and contracts in progress | 3 | €4,279 | €3,097 | -€1,182 | -27.6% |
| Stocks | 30/36 | €4,279 | €3,097 | -€1,182 | -27.6% |
| Amounts receivable within one year | 40/41 | €94,334 | €77,100 | -€17,234 | -18.3% |
| Trade receivables | 40 | €89,125 | €36,972 | -€52,154 | -58.5% |
| Other amounts receivable | 41 | €5,209 | €40,128 | +€34,919 | +670.4% |
| Cash at bank and in hand | 54/58 | €78,306 | €140,636 | +€62,330 | +79.6% |
| Deferred charges and accrued income | 490/1 | €1,349 | €49,160 | +€47,811 | +3544.7% |
| Total equity and liabilities | 10/49 | €191,207 | €279,146 | +€87,939 | +46.0% |
| Equity | 10/15 | €139,324 | €216,038 | +€76,714 | +55.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,924 | €203,638 | +€76,714 | +60.4% |
| Non-distributable reserves | 130/1 | €1,384 | €1,384 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,384 | €1,384 | = | 0.0% |
| Distributable reserves | 133 | €125,541 | €202,255 | +€76,714 | +61.1% |
| Amounts payable | 17/49 | €51,883 | €63,107 | +€11,225 | +21.6% |
| Amounts payable within one year | 42/48 | €50,992 | €54,500 | +€3,509 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €12,800 | - | -€12,800 | |
| Trade debts | 44 | €1,142 | €1,733 | +€591 | +51.7% |
| Suppliers | 440/4 | €1,142 | €1,733 | +€591 | +51.7% |
| Taxes, remuneration and social security | 45 | €24,170 | €23,075 | -€1,095 | -4.5% |
| Taxes | 450/3 | €24,170 | €23,075 | -€1,095 | -4.5% |
| Other amounts payable | 47/48 | €12,880 | €29,693 | +€16,813 | +130.5% |
| Accrued charges and deferred income | 492/3 | €891 | €8,607 | +€7,716 | +865.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €1,889 | +€715 | +61.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €545 | - | -€545 | |
| Other operating charges | 640/8 | €697 | €641 | -€56 | -8.0% |
| Non-recurring operating charges | 66A | - | €1,734 | +€1,734 | |
| Gross operating margin | 9900 | €164,388 | €162,667 | -€1,722 | -1.0% |
| Operating profit (loss) | 9901 | €161,973 | €158,403 | -€3,571 | -2.2% |
| Financial income | 75/76B | - | €3,362 | +€3,362 | |
| Recurring financial income | 75 | - | €3,362 | +€3,362 | |
| Financial charges | 65/66B | €1,411 | €277 | -€1,134 | -80.3% |
| Recurring financial charges | 65 | €1,411 | €277 | -€1,134 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €160,562 | €161,487 | +€925 | +0.6% |
| Income taxes | 67/77 | €46,058 | €53,484 | +€7,426 | +16.1% |
| Profit (loss) for the period | 9904 | €114,504 | €108,003 | -€6,501 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,504 | €108,003 | -€6,501 | -5.7% |
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.