BENCOTEX: 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.
BENCOTEX
Largest movements
- Cash +€252,668
up €252,668 (+432.9%), from €58,368 to €311,036
mainly Net result for the year (+€264,322) and Depreciation (+€131,831)
- Receivables within one year -€20,377
down €20,377 (-10.9%), from €187,492 to €167,116
of which Other amounts receivable: -€91,114
- Reserves +€265,000
up €265,000 (+94.6%), from €280,000 to €545,000
- Advances received -€92,500
down €92,500 (-33.3%), from €277,500 to €185,000
- Tax, wage and social debts +€91,456
new in 2025: €91,456
of which Taxes: +€85,995
- Debts after one year -€49,458
down €49,458 (-7.4%), from €667,829 to €618,371
of which Financial debts: -€49,458
- Gross operating margin +€153,527
up €153,527 (+36.3%), from €423,367 to €576,894
- Purchases and services +€100,702
up €100,702 (+52.4%), from €192,096 to €292,797
- Taxes +€84,615
new in 2025: €84,615
- Staff costs +€80,480
new in 2025: €80,480
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 | €1,347,538 | €1,579,738 | +€232,199 | +17.2% |
| Fixed assets | 21/28 | €1,101,678 | €1,094,195 | -€7,484 | -0.7% |
| Tangible fixed assets | 22/27 | €1,101,678 | €1,093,932 | -€7,746 | -0.7% |
| Plant, machinery and equipment | 23 | €1,069,186 | €1,002,091 | -€67,095 | -6.3% |
| Furniture and vehicles | 24 | €32,493 | €91,841 | +€59,348 | +182.7% |
| Financial fixed assets | 28 | - | €263 | +€263 | |
| Current assets | 29/58 | €245,860 | €485,543 | +€239,683 | +97.5% |
| Amounts receivable within one year | 40/41 | €187,492 | €167,116 | -€20,377 | -10.9% |
| Trade receivables | 40 | €38,226 | €108,963 | +€70,737 | +185.1% |
| Other amounts receivable | 41 | €149,267 | €58,153 | -€91,114 | -61.0% |
| Cash at bank and in hand | 54/58 | €58,368 | €311,036 | +€252,668 | +432.9% |
| Deferred charges and accrued income | 490/1 | - | €7,391 | +€7,391 | |
| Total equity and liabilities | 10/49 | €1,347,538 | €1,579,738 | +€232,199 | +17.2% |
| Equity | 10/15 | €284,420 | €548,742 | +€264,322 | +92.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €280,000 | €545,000 | +€265,000 | +94.6% |
| Distributable reserves | 133 | €280,000 | €545,000 | +€265,000 | +94.6% |
| Profit (loss) carried forward | 14 | €1,920 | €1,242 | -€678 | -35.3% |
| Amounts payable | 17/49 | €1,063,118 | €1,030,995 | -€32,123 | -3.0% |
| Amounts payable after more than one year | 17 | €667,829 | €618,371 | -€49,458 | -7.4% |
| Financial debts | 170/4 | €167,829 | €118,371 | -€49,458 | -29.5% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €387,790 | €397,625 | +€9,835 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €47,621 | €49,458 | +€1,837 | +3.9% |
| Trade debts | 44 | €57,149 | €60,670 | +€3,522 | +6.2% |
| Suppliers | 440/4 | €57,149 | €60,670 | +€3,522 | +6.2% |
| Advances received on contracts in progress | 46 | €277,500 | €185,000 | -€92,500 | -33.3% |
| Taxes, remuneration and social security | 45 | - | €91,456 | +€91,456 | |
| Taxes | 450/3 | - | €85,995 | +€85,995 | |
| Remuneration and social security | 454/9 | - | €5,461 | +€5,461 | |
| Other amounts payable | 47/48 | €5,520 | €11,040 | +€5,520 | +100.0% |
| Accrued charges and deferred income | 492/3 | €7,500 | €15,000 | +€7,500 | +100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €192,096 | €292,797 | +€100,702 | +52.4% |
| Remuneration, social security and pensions | 62 | - | €80,480 | +€80,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,093 | €131,831 | +€5,739 | +4.6% |
| Other operating charges | 640/8 | €772 | €544 | -€228 | -29.5% |
| Gross operating margin | 9900 | €423,367 | €576,894 | +€153,527 | +36.3% |
| Operating profit (loss) | 9901 | €296,502 | €364,039 | +€67,537 | +22.8% |
| Financial income | 75/76B | €0 | €97 | +€97 | +57211.8% |
| Recurring financial income | 75 | €0 | €97 | +€97 | +57211.8% |
| Financial charges | 65/66B | €14,582 | €15,199 | +€617 | +4.2% |
| Recurring financial charges | 65 | €14,582 | €15,199 | +€617 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €281,920 | €348,937 | +€67,017 | +23.8% |
| Income taxes | 67/77 | - | €84,615 | +€84,615 | |
| Profit (loss) for the period | 9904 | €281,920 | €264,322 | -€17,598 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €281,920 | €264,322 | -€17,598 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.