BENEDICTUS: 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.
BENEDICTUS
Largest movements
- Tangible fixed assets +€52,333
up €52,333 (+79.2%), from €66,067 to €118,400
of which Land and buildings: +€63,749
- Cash -€28,442
down €28,442 (-14.6%), from €194,263 to €165,821
mainly Investment in fixed assets (net) (-€77,952) and Contributions, distributions and other (-€41,432)
- Receivables within one year -€5,333
down €5,333 (-40.5%), from €13,174 to €7,840
of which Other amounts receivable: -€5,699
- Trade debts +€21,817
up €21,817 (+46.7%), from €46,704 to €68,521
- Reserves -€12,550
down €12,550 (-4.6%), from €275,718 to €263,167
of which Distributable reserves: -€12,550
- Tax, wage and social debts +€10,360
up €10,360 (+39.2%), from €26,446 to €36,806
of which Taxes: +€10,510
- Staff costs +€20,694
up €20,694 (+4.8%), from €432,005 to €452,699
- Gross operating margin +€19,215
up €19,215 (+3.8%), from €511,683 to €530,897
- Write-downs -€5,645
down €5,645 (-82.6%), from €6,833 to €1,189
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 | €374,009 | €393,673 | +€19,664 | +5.3% |
| Fixed assets | 21/28 | €66,067 | €118,400 | +€52,333 | +79.2% |
| Tangible fixed assets | 22/27 | €66,067 | €118,400 | +€52,333 | +79.2% |
| Land and buildings | 22 | €30,652 | €94,400 | +€63,749 | +208.0% |
| Plant, machinery and equipment | 23 | €34,855 | €24,000 | -€10,856 | -31.1% |
| Furniture and vehicles | 24 | €560 | - | -€560 | |
| Current assets | 29/58 | €307,942 | €275,274 | -€32,669 | -10.6% |
| Stocks and contracts in progress | 3 | €87,986 | €87,948 | -€38 | 0.0% |
| Stocks | 30/36 | €87,986 | €87,948 | -€38 | 0.0% |
| Amounts receivable within one year | 40/41 | €13,174 | €7,840 | -€5,333 | -40.5% |
| Trade receivables | 40 | €7,025 | €7,390 | +€365 | +5.2% |
| Other amounts receivable | 41 | €6,149 | €450 | -€5,699 | -92.7% |
| Cash at bank and in hand | 54/58 | €194,263 | €165,821 | -€28,442 | -14.6% |
| Deferred charges and accrued income | 490/1 | €12,519 | €13,664 | +€1,144 | +9.1% |
| Total equity and liabilities | 10/49 | €374,009 | €393,673 | +€19,664 | +5.3% |
| Equity | 10/15 | €300,718 | €288,167 | -€12,550 | -4.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €275,718 | €263,167 | -€12,550 | -4.6% |
| Non-distributable reserves | 130/1 | €6,142 | €6,142 | = | 0.0% |
| Other | 1319 | €6,142 | €6,142 | = | 0.0% |
| Distributable reserves | 133 | €269,576 | €257,025 | -€12,550 | -4.7% |
| Amounts payable | 17/49 | €73,292 | €105,506 | +€32,215 | +44.0% |
| Amounts payable within one year | 42/48 | €73,292 | €105,506 | +€32,215 | +44.0% |
| Trade debts | 44 | €46,704 | €68,521 | +€21,817 | +46.7% |
| Suppliers | 440/4 | €46,704 | €68,521 | +€21,817 | +46.7% |
| Taxes, remuneration and social security | 45 | €26,446 | €36,806 | +€10,360 | +39.2% |
| Taxes | 450/3 | €4,069 | €14,578 | +€10,510 | +258.3% |
| Remuneration and social security | 454/9 | €22,377 | €22,227 | -€150 | -0.7% |
| Other amounts payable | 47/48 | €141 | €179 | +€38 | +27.1% |
| Remuneration, social security and pensions | 62 | €432,005 | €452,699 | +€20,694 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,503 | €25,619 | +€4,116 | +19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,833 | €1,189 | -€5,645 | -82.6% |
| Other operating charges | 640/8 | €1,615 | €2,451 | +€836 | +51.8% |
| Gross operating margin | 9900 | €511,683 | €530,897 | +€19,215 | +3.8% |
| Operating profit (loss) | 9901 | €49,726 | €48,940 | -€786 | -1.6% |
| Financial income | 75/76B | €2,177 | €2,617 | +€440 | +20.2% |
| Recurring financial income | 75 | €2,177 | €2,617 | +€440 | +20.2% |
| Financial charges | 65/66B | €7,012 | €7,145 | +€133 | +1.9% |
| Recurring financial charges | 65 | €7,012 | €7,145 | +€133 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €44,891 | €44,411 | -€480 | -1.1% |
| Income taxes | 67/77 | €16,665 | €15,529 | -€1,136 | -6.8% |
| Profit (loss) for the period | 9904 | €28,225 | €28,882 | +€656 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,225 | €28,882 | +€656 | +2.3% |
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 9 October 2026 via checked.be.