Benedict Aviation: 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.
Benedict Aviation
Largest movements
- Cash +€19,143
up €19,143 (+45.5%), from €42,036 to €61,179
mainly Depreciation (+€20,413) and Net result for the year (+€10,159)
- Intangible fixed assets -€17,834
down €17,834 (-46.3%), from €38,489 to €20,655
- Receivables within one year -€3,835
down €3,835 (-58.7%), from €6,531 to €2,696
of which Trade receivables: -€5,681
- Current investments +€2,500
up €2,500 (+250%), from €1,000 to €3,500
- Tangible fixed assets +€1,635
up €1,635 (+29.1%), from €5,625 to €7,260
of which Plant, machinery and equipment: +€1,804
- Reserves +€10,159
up €10,159 (+15.4%), from €66,019 to €76,178
- Debts after one year -€6,336
down €6,336 (-44.9%), from €14,096 to €7,760
- Other debts -€1,263
down €1,263 (-26.2%), from €4,828 to €3,565
- Gross operating margin -€7,648
down €7,648 (-16.9%), from €45,294 to €37,646
- Taxes -€3,010
down €3,010 (-35.7%), from €8,428 to €5,418
- Depreciation +€2,313
up €2,313 (+12.8%), from €18,100 to €20,413
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 | €95,330 | €96,838 | +€1,508 | +1.6% |
| Fixed assets | 21/28 | €44,114 | €27,915 | -€16,199 | -36.7% |
| Intangible fixed assets | 21 | €38,489 | €20,655 | -€17,834 | -46.3% |
| Tangible fixed assets | 22/27 | €5,625 | €7,260 | +€1,635 | +29.1% |
| Plant, machinery and equipment | 23 | €532 | €2,336 | +€1,804 | +339% |
| Furniture and vehicles | 24 | €5,093 | €4,924 | -€169 | -3.3% |
| Current assets | 29/58 | €51,216 | €68,923 | +€17,707 | +34.6% |
| Stocks and contracts in progress | 3 | €408 | €592 | +€184 | +45.1% |
| Stocks | 30/36 | €408 | €592 | +€184 | +45.1% |
| Amounts receivable within one year | 40/41 | €6,531 | €2,696 | -€3,835 | -58.7% |
| Trade receivables | 40 | €5,681 | - | -€5,681 | |
| Other amounts receivable | 41 | €850 | €2,696 | +€1,846 | +217% |
| Current investments | 50/53 | €1,000 | €3,500 | +€2,500 | +250% |
| Cash at bank and in hand | 54/58 | €42,036 | €61,179 | +€19,143 | +45.5% |
| Deferred charges and accrued income | 490/1 | €1,241 | €956 | -€285 | -23.0% |
| Total equity and liabilities | 10/49 | €95,330 | €96,838 | +€1,508 | +1.6% |
| Equity | 10/15 | €67,019 | €77,178 | +€10,159 | +15.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,019 | €76,178 | +€10,159 | +15.4% |
| Distributable reserves | 133 | €66,019 | €76,178 | +€10,159 | +15.4% |
| Amounts payable | 17/49 | €28,311 | €19,660 | -€8,651 | -30.6% |
| Amounts payable after more than one year | 17 | €14,096 | €7,760 | -€6,336 | -44.9% |
| Financial debts | 170/4 | €14,096 | €7,760 | -€6,336 | -44.9% |
| Amounts payable within one year | 42/48 | €14,215 | €11,900 | -€2,315 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €6,058 | €6,336 | +€278 | +4.6% |
| Trade debts | 44 | €1,172 | €564 | -€608 | -51.9% |
| Suppliers | 440/4 | €1,172 | €564 | -€608 | -51.9% |
| Taxes, remuneration and social security | 45 | €2,157 | €1,435 | -€722 | -33.5% |
| Taxes | 450/3 | €2,157 | €1,435 | -€722 | -33.5% |
| Other amounts payable | 47/48 | €4,828 | €3,565 | -€1,263 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,100 | €20,413 | +€2,313 | +12.8% |
| Other operating charges | 640/8 | €1,150 | €1,161 | +€11 | +1.0% |
| Gross operating margin | 9900 | €45,294 | €37,646 | -€7,648 | -16.9% |
| Operating profit (loss) | 9901 | €26,044 | €16,072 | -€9,972 | -38.3% |
| Financial income | 75/76B | €339 | €381 | +€42 | +12.4% |
| Recurring financial income | 75 | €339 | €381 | +€42 | +12.4% |
| Financial charges | 65/66B | €1,136 | €876 | -€260 | -22.9% |
| Recurring financial charges | 65 | €1,136 | €876 | -€260 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €25,247 | €15,577 | -€9,670 | -38.3% |
| Income taxes | 67/77 | €8,428 | €5,418 | -€3,010 | -35.7% |
| Profit (loss) for the period | 9904 | €16,819 | €10,159 | -€6,660 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,819 | €10,159 | -€6,660 | -39.6% |
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 22 October 2026 via checked.be.