BENCOS: 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.
BENCOS
Largest movements
- Tangible fixed assets -€3,952
down €3,952 (-19.9%), from €19,907 to €15,955
- Cash -€2,167
down €2,167 (-2.9%), from €74,257 to €72,090
mainly Contributions, distributions and other (-€20,621) and Tax, wage and social debts (-€19,662)
- Receivables within one year +€1,827
up €1,827 (+3.1%), from €59,527 to €61,354
of which Trade receivables: +€1,070
- Tax, wage and social debts -€19,662
down €19,662 (-54.2%), from €36,247 to €16,585
of which Taxes: -€13,730
- Reserves +€12,585
up €12,585 (+12.2%), from €102,734 to €115,318
- Profit (loss) carried forward +€6,457
no longer reported in 2025 (was -€6,457)
- Current portion of long-term debt -€6,059
no longer reported in 2025 (was €6,059)
- Gross operating margin +€23,067
up €23,067 (+70.7%), from €32,620 to €55,687
- Taxes -€19,947
down €19,947, from €18,349 to -€1,599
- Other operating charges -€3,460
down €3,460 (-27.8%), from €12,464 to €9,004
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 | €153,692 | €149,400 | -€4,292 | -2.8% |
| Fixed assets | 21/28 | €19,907 | €15,955 | -€3,952 | -19.9% |
| Tangible fixed assets | 22/27 | €19,907 | €15,955 | -€3,952 | -19.9% |
| Land and buildings | 22 | €7,781 | €5,943 | -€1,838 | -23.6% |
| Plant, machinery and equipment | 23 | €3,255 | €2,912 | -€343 | -10.5% |
| Furniture and vehicles | 24 | €8,872 | €7,100 | -€1,772 | -20.0% |
| Current assets | 29/58 | €133,785 | €133,444 | -€340 | -0.3% |
| Amounts receivable within one year | 40/41 | €59,527 | €61,354 | +€1,827 | +3.1% |
| Trade receivables | 40 | €15,284 | €16,354 | +€1,070 | +7.0% |
| Other amounts receivable | 41 | €44,243 | €45,000 | +€757 | +1.7% |
| Cash at bank and in hand | 54/58 | €74,257 | €72,090 | -€2,167 | -2.9% |
| Total equity and liabilities | 10/49 | €153,692 | €149,400 | -€4,292 | -2.8% |
| Equity | 10/15 | €96,277 | €115,318 | +€19,041 | +19.8% |
| Reserves | 13 | €102,734 | €115,318 | +€12,585 | +12.2% |
| Distributable reserves | 133 | €102,734 | €115,318 | +€12,585 | +12.2% |
| Profit (loss) carried forward | 14 | -€6,457 | - | +€6,457 | |
| Amounts payable | 17/49 | €57,415 | €34,081 | -€23,334 | -40.6% |
| Amounts payable within one year | 42/48 | €57,415 | €33,732 | -€23,683 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €6,059 | - | -€6,059 | |
| Trade debts | 44 | €9,026 | €9,740 | +€714 | +7.9% |
| Suppliers | 440/4 | €9,026 | €9,740 | +€714 | +7.9% |
| Taxes, remuneration and social security | 45 | €36,247 | €16,585 | -€19,662 | -54.2% |
| Taxes | 450/3 | €30,315 | €16,585 | -€13,730 | -45.3% |
| Remuneration and social security | 454/9 | €5,932 | - | -€5,932 | |
| Other amounts payable | 47/48 | €6,083 | €7,407 | +€1,324 | +21.8% |
| Accrued charges and deferred income | 492/3 | - | €349 | +€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,984 | €5,500 | +€516 | +10.4% |
| Other operating charges | 640/8 | €12,464 | €9,004 | -€3,460 | -27.8% |
| Gross operating margin | 9900 | €32,620 | €55,687 | +€23,067 | +70.7% |
| Operating profit (loss) | 9901 | €15,171 | €41,183 | +€26,012 | +171.5% |
| Financial income | 75/76B | €199 | €120 | -€79 | -39.5% |
| Recurring financial income | 75 | €199 | €120 | -€79 | -39.5% |
| Financial charges | 65/66B | €3,478 | €3,239 | -€239 | -6.9% |
| Recurring financial charges | 65 | €3,478 | €3,239 | -€239 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €11,892 | €38,064 | +€26,172 | +220.1% |
| Income taxes | 67/77 | €18,349 | -€1,599 | -€19,947 | |
| Profit (loss) for the period | 9904 | -€6,457 | €39,663 | +€46,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,457 | €39,663 | +€46,119 |
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 10 October 2026 via checked.be.