BENDETTI J & M: 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.
BENDETTI J & M
Largest movements
- Cash +€2.2m
up €2.2m (+388%), from €573,326 to €2.8m
mainly Current investments (+€2.0m) and Net result for the year (+€356,904)
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Receivables within one year +€316,586
up €316,586 (+53.8%), from €587,986 to €904,571
of which Trade receivables: +€288,118
- Tangible fixed assets -€167,523
down €167,523 (-29.8%), from €562,190 to €394,666
of which Plant, machinery and equipment: -€92,973
- Profit (loss) carried forward +€356,904
up €356,904 (+9.3%), from €3.9m to €4.2m
- Trade debts +€130,304
up €130,304 (+31.8%), from €410,171 to €540,475
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin +€256,224
up €256,224 (+44.9%), from €570,856 to €827,080
- Taxes +€59,852
up €59,852 (+66.6%), from €89,920 to €149,771
- Depreciation +€28,917
up €28,917 (+12.8%), from €226,645 to €255,562
- Other operating charges -€16,325
down €16,325 (-39.5%), from €41,346 to €25,020
- Staff costs +€14,454
up €14,454 (+7.3%), from €198,861 to €213,315
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 | €4,662,120 | €5,108,573 | +€446,454 | +9.6% |
| Fixed assets | 21/28 | €562,459 | €394,935 | -€167,523 | -29.8% |
| Tangible fixed assets | 22/27 | €562,190 | €394,666 | -€167,523 | -29.8% |
| Land and buildings | 22 | €136,837 | €133,767 | -€3,070 | -2.2% |
| Plant, machinery and equipment | 23 | €226,990 | €134,017 | -€92,973 | -41.0% |
| Furniture and vehicles | 24 | €198,363 | €126,882 | -€71,481 | -36.0% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €4,099,661 | €4,713,638 | +€613,977 | +15.0% |
| Amounts receivable after more than one year | 29 | €846,000 | €896,100 | +€50,100 | +5.9% |
| Other amounts receivable | 291 | €846,000 | €896,100 | +€50,100 | +5.9% |
| Stocks and contracts in progress | 3 | €105,128 | €105,105 | -€23 | 0.0% |
| Stocks | 30/36 | €105,128 | €105,105 | -€23 | 0.0% |
| Amounts receivable within one year | 40/41 | €587,986 | €904,571 | +€316,586 | +53.8% |
| Trade receivables | 40 | €587,986 | €876,103 | +€288,118 | +49.0% |
| Other amounts receivable | 41 | - | €28,468 | +€28,468 | |
| Current investments | 50/53 | €1,972,028 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €573,326 | €2,797,024 | +€2.2m | +388% |
| Deferred charges and accrued income | 490/1 | €15,194 | €10,838 | -€4,356 | -28.7% |
| Total equity and liabilities | 10/49 | €4,662,120 | €5,108,573 | +€446,454 | +9.6% |
| Equity | 10/15 | €3,921,534 | €4,278,437 | +€356,904 | +9.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,853,363 | €4,210,267 | +€356,904 | +9.3% |
| Amounts payable | 17/49 | €740,586 | €830,136 | +€89,550 | +12.1% |
| Amounts payable after more than one year | 17 | €117,765 | €150,092 | +€32,328 | +27.5% |
| Other amounts payable | 178/9 | €117,765 | €150,092 | +€32,328 | +27.5% |
| Amounts payable within one year | 42/48 | €609,592 | €666,951 | +€57,360 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €23,648 | €23,578 | -€70 | -0.3% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €410,171 | €540,475 | +€130,304 | +31.8% |
| Suppliers | 440/4 | €410,171 | €540,475 | +€130,304 | +31.8% |
| Taxes, remuneration and social security | 45 | €53,548 | €80,221 | +€26,673 | +49.8% |
| Taxes | 450/3 | €21,843 | - | -€21,843 | |
| Remuneration and social security | 454/9 | €31,705 | €80,221 | +€48,516 | +153% |
| Other amounts payable | 47/48 | €22,224 | €22,677 | +€453 | +2.0% |
| Accrued charges and deferred income | 492/3 | €13,230 | €13,092 | -€138 | -1.0% |
| Remuneration, social security and pensions | 62 | €198,861 | €213,315 | +€14,454 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,645 | €255,562 | +€28,917 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,314 | - | -€4,314 | |
| Other operating charges | 640/8 | €41,346 | €25,020 | -€16,325 | -39.5% |
| Non-recurring operating charges | 66A | - | €1,634 | +€1,634 | |
| Gross operating margin | 9900 | €570,856 | €827,080 | +€256,224 | +44.9% |
| Operating profit (loss) | 9901 | €99,689 | €331,549 | +€231,859 | +233% |
| Financial income | 75/76B | €176,782 | €189,987 | +€13,205 | +7.5% |
| Recurring financial income | 75 | €134,998 | €189,604 | +€54,607 | +40.5% |
| Non-recurring financial income | 76B | €41,784 | €383 | -€41,401 | -99.1% |
| Financial charges | 65/66B | €20,903 | €14,861 | -€6,043 | -28.9% |
| Recurring financial charges | 65 | €20,579 | €14,861 | -€5,718 | -27.8% |
| Non-recurring financial charges | 66B | €325 | - | -€325 | |
| Profit (loss) for the period before taxes | 9903 | €255,568 | €506,675 | +€251,107 | +98.3% |
| Income taxes | 67/77 | €89,920 | €149,771 | +€59,852 | +66.6% |
| Profit (loss) for the period | 9904 | €165,648 | €356,904 | +€191,256 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €165,648 | €356,904 | +€191,256 | +115% |
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 15 October 2026 via checked.be.