BENADA: 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.
BENADA
Largest movements
- Tangible fixed assets -€19,648
down €19,648 (-17.0%), from €115,567 to €95,919
of which Plant, machinery and equipment: -€11,358
- Receivables within one year -€12,094
down €12,094 (-33.8%), from €35,821 to €23,728
- Cash +€7,186
up €7,186 (+2.3%), from €310,183 to €317,369
mainly Net result for the year (+€53,148) and Depreciation (+€25,787)
- Other debts -€29,176
down €29,176 (-55.4%), from €52,672 to €23,495
- Reserves +€25,000
up €25,000 (+25.2%), from €99,100 to €124,100
- Tax, wage and social debts -€11,495
down €11,495 (-25.5%), from €45,149 to €33,654
of which Taxes: -€9,463
- Debts after one year -€7,184
down €7,184 (-41.7%), from €17,234 to €10,050
- Staff costs +€29,034
up €29,034 (+101%), from €28,789 to €57,823
- Gross operating margin +€15,320
up €15,320 (+10.6%), from €143,864 to €159,184
- Financial income -€2,685
down €2,685 (-53.6%), from €5,007 to €2,321
of which Financial income: -€3,685
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 | €474,548 | €452,992 | -€21,556 | -4.5% |
| Fixed assets | 21/28 | €115,567 | €99,974 | -€15,593 | -13.5% |
| Intangible fixed assets | 21 | - | €4,055 | +€4,055 | |
| Tangible fixed assets | 22/27 | €115,567 | €95,919 | -€19,648 | -17.0% |
| Plant, machinery and equipment | 23 | €55,118 | €43,760 | -€11,358 | -20.6% |
| Furniture and vehicles | 24 | €31,071 | €21,539 | -€9,533 | -30.7% |
| Other tangible fixed assets | 26 | €29,378 | €30,621 | +€1,243 | +4.2% |
| Current assets | 29/58 | €358,981 | €353,018 | -€5,963 | -1.7% |
| Stocks and contracts in progress | 3 | €10,998 | €9,792 | -€1,207 | -11.0% |
| Stocks | 30/36 | €10,998 | €9,792 | -€1,207 | -11.0% |
| Amounts receivable within one year | 40/41 | €35,821 | €23,728 | -€12,094 | -33.8% |
| Trade receivables | 40 | €35,821 | €23,728 | -€12,094 | -33.8% |
| Cash at bank and in hand | 54/58 | €310,183 | €317,369 | +€7,186 | +2.3% |
| Deferred charges and accrued income | 490/1 | €1,978 | €2,129 | +€151 | +7.6% |
| Total equity and liabilities | 10/49 | €474,548 | €452,992 | -€21,556 | -4.5% |
| Equity | 10/15 | €344,194 | €372,343 | +€28,148 | +8.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €99,100 | €124,100 | +€25,000 | +25.2% |
| Distributable reserves | 133 | €99,100 | €124,100 | +€25,000 | +25.2% |
| Profit (loss) carried forward | 14 | €214,094 | €217,243 | +€3,148 | +1.5% |
| Amounts payable | 17/49 | €130,354 | €80,649 | -€49,704 | -38.1% |
| Amounts payable after more than one year | 17 | €17,234 | €10,050 | -€7,184 | -41.7% |
| Financial debts | 170/4 | €17,234 | €10,050 | -€7,184 | -41.7% |
| Amounts payable within one year | 42/48 | €112,817 | €70,269 | -€42,549 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €6,894 | €7,184 | +€290 | +4.2% |
| Trade debts | 44 | €8,103 | €5,735 | -€2,367 | -29.2% |
| Suppliers | 440/4 | €8,103 | €5,735 | -€2,367 | -29.2% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €45,149 | €33,654 | -€11,495 | -25.5% |
| Taxes | 450/3 | €36,756 | €27,293 | -€9,463 | -25.7% |
| Remuneration and social security | 454/9 | €8,392 | €6,361 | -€2,032 | -24.2% |
| Other amounts payable | 47/48 | €52,672 | €23,495 | -€29,176 | -55.4% |
| Accrued charges and deferred income | 492/3 | €303 | €331 | +€28 | +9.3% |
| Remuneration, social security and pensions | 62 | €28,789 | €57,823 | +€29,034 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,642 | €25,787 | +€1,145 | +4.6% |
| Other operating charges | 640/8 | €625 | €615 | -€10 | -1.6% |
| Non-recurring operating charges | 66A | €486 | €833 | +€347 | +71.5% |
| Gross operating margin | 9900 | €143,864 | €159,184 | +€15,320 | +10.6% |
| Operating profit (loss) | 9901 | €89,322 | €74,126 | -€15,196 | -17.0% |
| Financial income | 75/76B | €5,007 | €2,321 | -€2,685 | -53.6% |
| Recurring financial income | 75 | €5,007 | €1,321 | -€3,685 | -73.6% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €1,774 | €1,590 | -€184 | -10.4% |
| Recurring financial charges | 65 | €1,774 | €1,590 | -€184 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €92,555 | €74,857 | -€17,698 | -19.1% |
| Income taxes | 67/77 | €21,174 | €21,709 | +€535 | +2.5% |
| Profit (loss) for the period | 9904 | €71,381 | €53,148 | -€18,232 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,381 | €53,148 | -€18,232 | -25.5% |
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 24 October 2026 via checked.be.