BENDOLLA: 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.
BENDOLLA
Largest movements
- Cash +€761,821
up €761,821 (+1,116%), from €68,246 to €830,067
mainly Investment in fixed assets (net) (+€425,238) and Net result for the year (+€280,212)
- Financial fixed assets -€428,333
no longer reported in 2025 (was €428,333)
- Receivables within one year -€15,672
down €15,672 (-46.0%), from €34,065 to €18,393
of which Trade receivables: -€15,590
- Current investments +€13,116
up €13,116 (+37.7%), from €34,824 to €47,940
- Reserves +€280,212
up €280,212 (+242%), from €115,813 to €396,025
of which Distributable reserves: +€280,212
- Provisions +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€39,004
up €39,004 (+185%), from €21,069 to €60,073
- Debts after one year -€36,632
down €36,632 (-9.4%), from €388,344 to €351,712
- Advances received -€18,841
no longer reported in 2025 (was €18,841)
- Gross operating margin +€156,347
up €156,347 (+117%), from €133,350 to €289,697
- Financial income +€105,994
up €105,994 (+316%), from €33,527 to €139,521
- Taxes +€54,230
up €54,230 (+459%), from €11,810 to €66,040
- Provisions +€50,000
new in 2025: €50,000
- Financial charges +€6,069
up €6,069 (+49.2%), from €12,342 to €18,411
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 | €628,476 | €952,608 | +€324,132 | +51.6% |
| Fixed assets | 21/28 | €489,180 | €54,198 | -€434,982 | -88.9% |
| Tangible fixed assets | 22/27 | €60,847 | €54,198 | -€6,649 | -10.9% |
| Land and buildings | 22 | €47,333 | €41,417 | -€5,916 | -12.5% |
| Plant, machinery and equipment | 23 | €219 | €1,438 | +€1,219 | +557% |
| Furniture and vehicles | 24 | €7,416 | €6,390 | -€1,026 | -13.8% |
| Other tangible fixed assets | 26 | €5,879 | €4,953 | -€926 | -15.8% |
| Financial fixed assets | 28 | €428,333 | - | -€428,333 | |
| Current assets | 29/58 | €139,296 | €898,410 | +€759,114 | +545% |
| Amounts receivable within one year | 40/41 | €34,065 | €18,393 | -€15,672 | -46.0% |
| Trade receivables | 40 | €33,850 | €18,260 | -€15,590 | -46.1% |
| Other amounts receivable | 41 | €215 | €133 | -€82 | -38.1% |
| Current investments | 50/53 | €34,824 | €47,940 | +€13,116 | +37.7% |
| Cash at bank and in hand | 54/58 | €68,246 | €830,067 | +€761,821 | +1,116% |
| Deferred charges and accrued income | 490/1 | €2,161 | €2,010 | -€151 | -7.0% |
| Total equity and liabilities | 10/49 | €628,476 | €952,608 | +€324,132 | +51.6% |
| Equity | 10/15 | €122,013 | €402,225 | +€280,212 | +230% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,813 | €396,025 | +€280,212 | +242% |
| Tax-exempt reserves | 132 | €631 | €631 | = | 0.0% |
| Distributable reserves | 133 | €115,182 | €395,394 | +€280,212 | +243% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Other liabilities and charges | 164/5 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €506,463 | €500,383 | -€6,080 | -1.2% |
| Amounts payable after more than one year | 17 | €388,344 | €351,712 | -€36,632 | -9.4% |
| Financial debts | 170/4 | €388,344 | €351,712 | -€36,632 | -9.4% |
| Amounts payable within one year | 42/48 | €113,975 | €138,148 | +€24,173 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €36,087 | €36,632 | +€545 | +1.5% |
| Trade debts | 44 | €5,551 | €5,497 | -€54 | -1.0% |
| Suppliers | 440/4 | €5,551 | €5,497 | -€54 | -1.0% |
| Advances received on contracts in progress | 46 | €18,841 | - | -€18,841 | |
| Taxes, remuneration and social security | 45 | €21,069 | €60,073 | +€39,004 | +185% |
| Taxes | 450/3 | €21,069 | €60,073 | +€39,004 | +185% |
| Other amounts payable | 47/48 | €32,427 | €35,946 | +€3,519 | +10.9% |
| Accrued charges and deferred income | 492/3 | €4,144 | €10,523 | +€6,379 | +154% |
| Non-recurring operating income | 76A | - | €71,667 | +€71,667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,848 | €9,744 | -€104 | -1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €9,321 | €4,811 | -€4,510 | -48.4% |
| Gross operating margin | 9900 | €133,350 | €289,697 | +€156,347 | +117% |
| Operating profit (loss) | 9901 | €114,181 | €225,142 | +€110,961 | +97.2% |
| Financial income | 75/76B | €33,527 | €139,521 | +€105,994 | +316% |
| Recurring financial income | 75 | €33,527 | €139,521 | +€105,994 | +316% |
| Financial charges | 65/66B | €12,342 | €18,411 | +€6,069 | +49.2% |
| Recurring financial charges | 65 | €12,342 | €18,411 | +€6,069 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €135,366 | €346,252 | +€210,886 | +156% |
| Income taxes | 67/77 | €11,810 | €66,040 | +€54,230 | +459% |
| Profit (loss) for the period | 9904 | €123,556 | €280,212 | +€156,656 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €123,556 | €280,212 | +€156,656 | +127% |
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 25 October 2026 via checked.be.