BENBAUN: 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.
BENBAUN
Largest movements
- Cash -€76,030
down €76,030 (-81.2%), from €93,622 to €17,593
mainly Receivables within one year (-€71,866) and Investment in fixed assets (net) (-€57,861)
- Receivables within one year +€71,866
up €71,866 (+67.1%), from €107,032 to €178,897
- Tangible fixed assets +€48,693
up €48,693 (+603%), from €8,069 to €56,762
of which Other tangible fixed assets: +€46,738
- Reserves +€62,153
up €62,153 (+58.2%), from €106,856 to €169,009
- Current portion of long-term debt -€29,603
down €29,603 (-100%), from €29,603 to €0
- Advances received +€5,017
new in 2025: €5,017
- Trade debts +€4,893
up €4,893 (+43.0%), from €11,378 to €16,270
- Depreciation +€5,376
up €5,376 (+142%), from €3,792 to €9,168
- Gross operating margin +€5,261
up €5,261 (+5.7%), from €92,287 to €97,548
- Financial income +€4,175
up €4,175 (+87.5%), from €4,771 to €8,947
- Taxes +€1,949
up €1,949 (+6.9%), from €28,283 to €30,232
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 | €211,325 | €255,122 | +€43,798 | +20.7% |
| Fixed assets | 21/28 | €8,069 | €56,762 | +€48,693 | +603% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €8,069 | €56,762 | +€48,693 | +603% |
| Plant, machinery and equipment | 23 | €4,840 | €7,982 | +€3,142 | +64.9% |
| Furniture and vehicles | 24 | €2,684 | €1,496 | -€1,188 | -44.3% |
| Other tangible fixed assets | 26 | €546 | €47,284 | +€46,738 | +8,556% |
| Current assets | 29/58 | €203,255 | €198,360 | -€4,895 | -2.4% |
| Stocks and contracts in progress | 3 | €1,700 | €1,550 | -€150 | -8.8% |
| Stocks | 30/36 | €1,700 | €1,550 | -€150 | -8.8% |
| Amounts receivable within one year | 40/41 | €107,032 | €178,897 | +€71,866 | +67.1% |
| Other amounts receivable | 41 | €107,032 | €178,897 | +€71,866 | +67.1% |
| Cash at bank and in hand | 54/58 | €93,622 | €17,593 | -€76,030 | -81.2% |
| Deferred charges and accrued income | 490/1 | €901 | €320 | -€581 | -64.5% |
| Total equity and liabilities | 10/49 | €211,325 | €255,122 | +€43,798 | +20.7% |
| Equity | 10/15 | €108,856 | €171,009 | +€62,153 | +57.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €106,856 | €169,009 | +€62,153 | +58.2% |
| Distributable reserves | 133 | €106,856 | €169,009 | +€62,153 | +58.2% |
| Amounts payable | 17/49 | €102,468 | €84,113 | -€18,355 | -17.9% |
| Amounts payable within one year | 42/48 | €102,468 | €84,113 | -€18,355 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €29,603 | €0 | -€29,603 | -100% |
| Trade debts | 44 | €11,378 | €16,270 | +€4,893 | +43.0% |
| Suppliers | 440/4 | €11,378 | €16,270 | +€4,893 | +43.0% |
| Advances received on contracts in progress | 46 | - | €5,017 | +€5,017 | |
| Taxes, remuneration and social security | 45 | €61,488 | €62,825 | +€1,337 | +2.2% |
| Taxes | 450/3 | €60,118 | €62,825 | +€2,707 | +4.5% |
| Remuneration and social security | 454/9 | €1,370 | €0 | -€1,370 | -100% |
| Remuneration, social security and pensions | 62 | €271 | €0 | -€271 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,792 | €9,168 | +€5,376 | +142% |
| Other operating charges | 640/8 | €3,817 | €4,050 | +€233 | +6.1% |
| Gross operating margin | 9900 | €92,287 | €97,548 | +€5,261 | +5.7% |
| Operating profit (loss) | 9901 | €84,407 | €84,330 | -€78 | -0.1% |
| Financial income | 75/76B | €4,771 | €8,947 | +€4,175 | +87.5% |
| Recurring financial income | 75 | €4,771 | €8,947 | +€4,175 | +87.5% |
| Financial charges | 65/66B | €430 | €891 | +€462 | +107% |
| Recurring financial charges | 65 | €430 | €891 | +€462 | +107% |
| Profit (loss) for the period before taxes | 9903 | €88,749 | €92,385 | +€3,636 | +4.1% |
| Income taxes | 67/77 | €28,283 | €30,232 | +€1,949 | +6.9% |
| Profit (loss) for the period | 9904 | €60,466 | €62,153 | +€1,687 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,466 | €62,153 | +€1,687 | +2.8% |
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 19 October 2026 via checked.be.