BENAMOR: what changed
Two fiscal 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.
BENAMOR
Largest movements
- Current investments -€80,691
no longer reported in 2025 (was €80,691)
- Receivables within one year -€49,079
down €49,079 (-68.2%), from €71,935 to €22,856
of which Trade receivables: -€47,237
- Financial fixed assets -€46,584
down €46,584 (-71.0%), from €65,584 to €19,000
- Deferred charges and accrued income +€41,556
up €41,556 (+3462.2%), from €1,200 to €42,756
- Trade debts -€122,049
down €122,049 (-44.7%), from €272,889 to €150,840
- Profit (loss) carried forward -€21,447
down €21,447 (-22.0%), from -€97,483 to -€118,929
- Other debts +€18,082
up €18,082 (+55.8%), from €32,405 to €50,487
- Tax, wage and social debts -€6,274
down €6,274 (-49.6%), from €12,656 to €6,382
of which Taxes: -€12,656
- Gross operating margin -€14,383
down €14,383, from €8,326 to -€6,058
- Depreciation +€4,364
up €4,364 (+183.0%), from €2,385 to €6,749
- Other operating charges -€876
down €876 (-86.8%), from €1,010 to €134
- Financial charges -€689
down €689 (-66.3%), from €1,039 to €350
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,068 | €107,385 | -€131,683 | -55.1% |
| Fixed assets | 21/28 | €80,241 | €34,506 | -€45,735 | -57.0% |
| Tangible fixed assets | 22/27 | €14,656 | €15,506 | +€850 | +5.8% |
| Plant, machinery and equipment | 23 | €6,750 | €2,750 | -€4,000 | -59.3% |
| Furniture and vehicles | 24 | €7,906 | €12,756 | +€4,850 | +61.3% |
| Financial fixed assets | 28 | €65,584 | €19,000 | -€46,584 | -71.0% |
| Current assets | 29/58 | €158,827 | €72,879 | -€85,948 | -54.1% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,935 | €22,856 | -€49,079 | -68.2% |
| Trade receivables | 40 | €60,231 | €12,994 | -€47,237 | -78.4% |
| Other amounts receivable | 41 | €11,705 | €9,862 | -€1,843 | -15.7% |
| Current investments | 50/53 | €80,691 | - | -€80,691 | |
| Cash at bank and in hand | 54/58 | - | €2,266 | +€2,266 | |
| Deferred charges and accrued income | 490/1 | €1,200 | €42,756 | +€41,556 | +3462.2% |
| Total equity and liabilities | 10/49 | €239,068 | €107,385 | -€131,683 | -55.1% |
| Equity | 10/15 | -€78,883 | -€100,329 | -€21,447 | -27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€97,483 | -€118,929 | -€21,447 | -22.0% |
| Amounts payable | 17/49 | €317,950 | €207,714 | -€110,236 | -34.7% |
| Amounts payable within one year | 42/48 | €317,950 | €207,714 | -€110,236 | -34.7% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €272,889 | €150,840 | -€122,049 | -44.7% |
| Suppliers | 440/4 | €272,889 | €150,840 | -€122,049 | -44.7% |
| Taxes, remuneration and social security | 45 | €12,656 | €6,382 | -€6,274 | -49.6% |
| Taxes | 450/3 | €12,656 | - | -€12,656 | |
| Remuneration and social security | 454/9 | - | €6,382 | +€6,382 | |
| Other amounts payable | 47/48 | €32,405 | €50,487 | +€18,082 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,385 | €6,749 | +€4,364 | +183.0% |
| Other operating charges | 640/8 | €1,010 | €134 | -€876 | -86.8% |
| Non-recurring operating charges | 66A | €297 | - | -€297 | |
| Gross operating margin | 9900 | €8,326 | -€6,058 | -€14,383 | |
| Operating profit (loss) | 9901 | €4,634 | -€12,940 | -€17,574 | |
| Financial charges | 65/66B | €1,039 | €350 | -€689 | -66.3% |
| Recurring financial charges | 65 | €1,039 | €350 | -€689 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €3,595 | -€13,290 | -€16,885 | |
| Profit (loss) for the period | 9904 | €3,595 | -€13,290 | -€16,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,595 | -€13,290 | -€16,885 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.