BENADIN: 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.
BENADIN
Largest movements
- Tangible fixed assets +€34,923
up €34,923 (+13.7%), from €255,544 to €290,467
of which Land and buildings: +€38,914
- Cash +€19,168
up €19,168 (+33.7%), from €56,851 to €76,020
mainly Other debts (+€48,624) and Depreciation (+€28,727)
- Other debts +€48,624
up €48,624 (+30.9%), from €157,481 to €206,105
- Debts after one year -€16,685
down €16,685 (-12.7%), from €131,856 to €115,171
- Trade debts +€9,149
up €9,149 (+70.6%), from €12,955 to €22,104
- Profit (loss) carried forward +€8,812
up €8,812 (+39.9%), from -€22,074 to -€13,262
- Tax, wage and social debts +€6,742
new in 2025: €6,742
- Other operating charges -€14,518
down €14,518 (-75.0%), from €19,353 to €4,835
- Gross operating margin -€4,048
down €4,048 (-7.6%), from €53,537 to €49,489
- Depreciation +€3,517
up €3,517 (+14.0%), from €25,210 to €28,727
- Financial charges -€2,200
down €2,200 (-29.0%), from €7,580 to €5,380
- Taxes +€1,409
up €1,409 (+148%), from €952 to €2,361
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 | €322,832 | €380,027 | +€57,195 | +17.7% |
| Fixed assets | 21/28 | €255,604 | €290,527 | +€34,923 | +13.7% |
| Tangible fixed assets | 22/27 | €255,544 | €290,467 | +€34,923 | +13.7% |
| Land and buildings | 22 | €247,895 | €286,809 | +€38,914 | +15.7% |
| Plant, machinery and equipment | 23 | €2,143 | €1,607 | -€536 | -25.0% |
| Furniture and vehicles | 24 | €5,505 | €2,050 | -€3,455 | -62.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €67,228 | €89,500 | +€22,272 | +33.1% |
| Amounts receivable within one year | 40/41 | €10,162 | €13,393 | +€3,231 | +31.8% |
| Trade receivables | 40 | €708 | €3,585 | +€2,877 | +406% |
| Other amounts receivable | 41 | €9,454 | €9,808 | +€354 | +3.7% |
| Cash at bank and in hand | 54/58 | €56,851 | €76,020 | +€19,168 | +33.7% |
| Deferred charges and accrued income | 490/1 | €215 | €88 | -€127 | -59.2% |
| Total equity and liabilities | 10/49 | €322,832 | €380,027 | +€57,195 | +17.7% |
| Equity | 10/15 | €2,770 | €11,582 | +€8,812 | +318% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,252 | €6,252 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,960 | €5,960 | = | 0.0% |
| Distributable reserves | 133 | €293 | €293 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,074 | -€13,262 | +€8,812 | +39.9% |
| Amounts payable | 17/49 | €320,062 | €368,445 | +€48,382 | +15.1% |
| Amounts payable after more than one year | 17 | €131,856 | €115,171 | -€16,685 | -12.7% |
| Financial debts | 170/4 | €131,856 | €115,171 | -€16,685 | -12.7% |
| Amounts payable within one year | 42/48 | €188,206 | €251,636 | +€63,430 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €17,770 | €16,685 | -€1,085 | -6.1% |
| Trade debts | 44 | €12,955 | €22,104 | +€9,149 | +70.6% |
| Suppliers | 440/4 | €12,955 | €22,104 | +€9,149 | +70.6% |
| Taxes, remuneration and social security | 45 | - | €6,742 | +€6,742 | |
| Remuneration and social security | 454/9 | - | €6,742 | +€6,742 | |
| Other amounts payable | 47/48 | €157,481 | €206,105 | +€48,624 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €1,638 | +€1,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,210 | €28,727 | +€3,517 | +14.0% |
| Other operating charges | 640/8 | €19,353 | €4,835 | -€14,518 | -75.0% |
| Gross operating margin | 9900 | €53,537 | €49,489 | -€4,048 | -7.6% |
| Operating profit (loss) | 9901 | €8,973 | €15,926 | +€6,953 | +77.5% |
| Financial income | 75/76B | €19 | €627 | +€608 | +3,231% |
| Recurring financial income | 75 | €19 | €627 | +€608 | +3,231% |
| Financial charges | 65/66B | €7,580 | €5,380 | -€2,200 | -29.0% |
| Recurring financial charges | 65 | €7,580 | €5,380 | -€2,200 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €1,411 | €11,174 | +€9,762 | +692% |
| Income taxes | 67/77 | €952 | €2,361 | +€1,409 | +148% |
| Profit (loss) for the period | 9904 | €459 | €8,812 | +€8,353 | +1,820% |
| Profit (loss) for the period to be appropriated | 9905 | €459 | €8,812 | +€8,353 | +1,820% |
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 22 October 2026 via checked.be.