BENAZ: 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.
BENAZ
Largest movements
- Receivables within one year -€74,666
down €74,666 (-78.8%), from €94,808 to €20,142
of which Trade receivables: -€63,013
- Cash +€50,681
up €50,681 (+142%), from €35,611 to €86,292
mainly Receivables within one year (+€74,666) and Depreciation (+€34,840)
- Tangible fixed assets -€34,840
down €34,840 (-18.6%), from €187,642 to €152,802
of which Furniture and vehicles: -€22,051
- Trade debts -€88,648
down €88,648 (-98.1%), from €90,341 to €1,693
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Other debts -€22,454
down €22,454 (-27.8%), from €80,640 to €58,186
- Profit (loss) carried forward +€21,981
up €21,981 (+286%), from €7,685 to €29,666
- Gross operating margin +€82,761
up €82,761 (+25.4%), from €326,441 to €409,202
- Staff costs +€69,316
up €69,316 (+26.1%), from €265,965 to €335,281
- Depreciation +€7,711
up €7,711 (+28.4%), from €27,129 to €34,840
- Taxes +€4,238
up €4,238 (+88.1%), from €4,810 to €9,048
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 | €321,237 | €262,307 | -€58,930 | -18.3% |
| Fixed assets | 21/28 | €187,809 | €152,969 | -€34,840 | -18.6% |
| Tangible fixed assets | 22/27 | €187,642 | €152,802 | -€34,840 | -18.6% |
| Land and buildings | 22 | €122,206 | €116,452 | -€5,754 | -4.7% |
| Plant, machinery and equipment | 23 | €9,631 | €6,509 | -€3,122 | -32.4% |
| Furniture and vehicles | 24 | €46,807 | €24,756 | -€22,051 | -47.1% |
| Other tangible fixed assets | 26 | €5,987 | €5,085 | -€902 | -15.1% |
| Assets under construction and advance payments | 27 | €3,011 | - | -€3,011 | |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €133,428 | €109,338 | -€24,090 | -18.1% |
| Amounts receivable within one year | 40/41 | €94,808 | €20,142 | -€74,666 | -78.8% |
| Trade receivables | 40 | €63,013 | - | -€63,013 | |
| Other amounts receivable | 41 | €31,795 | €20,142 | -€11,653 | -36.7% |
| Cash at bank and in hand | 54/58 | €35,611 | €86,292 | +€50,681 | +142% |
| Deferred charges and accrued income | 490/1 | €3,009 | €2,904 | -€105 | -3.5% |
| Total equity and liabilities | 10/49 | €321,237 | €262,307 | -€58,930 | -18.3% |
| Equity | 10/15 | €107,715 | €129,696 | +€21,981 | +20.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €49,000 | €49,000 | = | 0.0% |
| Reserves | 13 | €32,438 | €32,438 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,438 | €32,438 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,438 | €32,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,685 | €29,666 | +€21,981 | +286% |
| Amounts payable | 17/49 | €213,522 | €132,611 | -€80,911 | -37.9% |
| Amounts payable within one year | 42/48 | €213,522 | €102,611 | -€110,911 | -51.9% |
| Trade debts | 44 | €90,341 | €1,693 | -€88,648 | -98.1% |
| Suppliers | 440/4 | €90,341 | €1,693 | -€88,648 | -98.1% |
| Taxes, remuneration and social security | 45 | €42,541 | €42,732 | +€191 | +0.4% |
| Taxes | 450/3 | €7,493 | €18,674 | +€11,181 | +149% |
| Remuneration and social security | 454/9 | €35,048 | €24,058 | -€10,990 | -31.4% |
| Other amounts payable | 47/48 | €80,640 | €58,186 | -€22,454 | -27.8% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €265,965 | €335,281 | +€69,316 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,129 | €34,840 | +€7,711 | +28.4% |
| Other operating charges | 640/8 | €614 | €3,721 | +€3,107 | +506% |
| Gross operating margin | 9900 | €326,441 | €409,202 | +€82,761 | +25.4% |
| Operating profit (loss) | 9901 | €32,733 | €35,360 | +€2,627 | +8.0% |
| Financial income | 75/76B | €70 | €14 | -€56 | -80.0% |
| Recurring financial income | 75 | €70 | €14 | -€56 | -80.0% |
| Financial charges | 65/66B | €3,371 | €4,345 | +€974 | +28.9% |
| Recurring financial charges | 65 | €3,371 | €4,345 | +€974 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €29,432 | €31,029 | +€1,597 | +5.4% |
| Income taxes | 67/77 | €4,810 | €9,048 | +€4,238 | +88.1% |
| Profit (loss) for the period | 9904 | €24,622 | €21,981 | -€2,641 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,622 | €21,981 | -€2,641 | -10.7% |
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 23 October 2026 via checked.be.