BENAL: 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.
BENAL
Largest movements
- Cash +€24,444
up €24,444 (+31.2%), from €78,347 to €102,791
mainly Net result for the year (+€44,580) and Depreciation (+€19,709)
- Tangible fixed assets -€15,733
down €15,733 (-15.4%), from €102,442 to €86,709
- Receivables within one year +€6,483
up €6,483 (+26.4%), from €24,513 to €30,996
of which Trade receivables: +€5,920
- Profit (loss) carried forward +€44,580
up €44,580 (+99.5%), from -€44,817 to -€237
- Other debts -€23,550
down €23,550 (-14.7%), from €159,723 to €136,174
- Debts after one year -€8,767
down €8,767 (-12.2%), from €72,121 to €63,353
- Tax, wage and social debts +€3,844
up €3,844 (+42.8%), from €8,984 to €12,829
of which Remuneration and social security: +€3,307
- Trade debts -€2,429
down €2,429 (-37.1%), from €6,546 to €4,117
- Financial charges -€74,961
down €74,961 (-47.7%), from €157,004 to €82,044
- Gross operating margin +€14,151
up €14,151 (+10.6%), from €133,563 to €147,714
- Depreciation -€3,387
down €3,387 (-14.7%), from €23,095 to €19,709
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 | €217,220 | €231,203 | +€13,983 | +6.4% |
| Fixed assets | 21/28 | €102,792 | €86,709 | -€16,083 | -15.6% |
| Tangible fixed assets | 22/27 | €102,442 | €86,709 | -€15,733 | -15.4% |
| Land and buildings | 22 | €68,500 | €62,250 | -€6,250 | -9.1% |
| Plant, machinery and equipment | 23 | €14,330 | €11,535 | -€2,794 | -19.5% |
| Furniture and vehicles | 24 | €12,642 | €6,144 | -€6,498 | -51.4% |
| Other tangible fixed assets | 26 | €6,970 | €6,780 | -€190 | -2.7% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €114,428 | €144,494 | +€30,066 | +26.3% |
| Amounts receivable within one year | 40/41 | €24,513 | €30,996 | +€6,483 | +26.4% |
| Trade receivables | 40 | €24,513 | €30,433 | +€5,920 | +24.1% |
| Other amounts receivable | 41 | - | €563 | +€563 | |
| Current investments | 50/53 | €4,324 | €4,335 | +€11 | +0.2% |
| Cash at bank and in hand | 54/58 | €78,347 | €102,791 | +€24,444 | +31.2% |
| Deferred charges and accrued income | 490/1 | €7,244 | €6,372 | -€872 | -12.0% |
| Total equity and liabilities | 10/49 | €217,220 | €231,203 | +€13,983 | +6.4% |
| Equity | 10/15 | -€38,617 | €5,963 | +€44,580 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,817 | -€237 | +€44,580 | +99.5% |
| Amounts payable | 17/49 | €255,837 | €225,240 | -€30,597 | -12.0% |
| Amounts payable after more than one year | 17 | €72,121 | €63,353 | -€8,767 | -12.2% |
| Financial debts | 170/4 | €72,121 | €63,353 | -€8,767 | -12.2% |
| Amounts payable within one year | 42/48 | €183,716 | €161,887 | -€21,829 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €8,462 | €8,767 | +€305 | +3.6% |
| Trade debts | 44 | €6,546 | €4,117 | -€2,429 | -37.1% |
| Suppliers | 440/4 | €6,546 | €4,117 | -€2,429 | -37.1% |
| Taxes, remuneration and social security | 45 | €8,984 | €12,829 | +€3,844 | +42.8% |
| Taxes | 450/3 | €8,984 | €9,521 | +€537 | +6.0% |
| Remuneration and social security | 454/9 | - | €3,307 | +€3,307 | |
| Other amounts payable | 47/48 | €159,723 | €136,174 | -€23,550 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,095 | €19,709 | -€3,387 | -14.7% |
| Other operating charges | 640/8 | €932 | €964 | +€32 | +3.4% |
| Gross operating margin | 9900 | €133,563 | €147,714 | +€14,151 | +10.6% |
| Operating profit (loss) | 9901 | €109,536 | €127,042 | +€17,506 | +16.0% |
| Financial income | 75/76B | €17 | €26 | +€9 | +52.1% |
| Recurring financial income | 75 | €17 | €26 | +€9 | +52.1% |
| Financial charges | 65/66B | €157,004 | €82,044 | -€74,961 | -47.7% |
| Recurring financial charges | 65 | €157,004 | €82,044 | -€74,961 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,451 | €45,024 | +€92,475 | |
| Income taxes | 67/77 | €523 | €444 | -€78 | -15.0% |
| Profit (loss) for the period | 9904 | -€47,974 | €44,580 | +€92,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,974 | €44,580 | +€92,554 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.