BENELECTRO: 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.
BENELECTRO
Largest movements
- Tangible fixed assets -€18,900
down €18,900 (-35.0%), from €54,015 to €35,115
of which Furniture and vehicles: -€10,317
- Cash +€10,428
up €10,428 (+5.4%), from €191,689 to €202,116
mainly Net result for the year (+€33,785) and Depreciation (+€24,061)
- Reserves +€13,076
up €13,076 (+6.6%), from €197,244 to €210,320
of which Distributable reserves: +€30,471
- Current portion of long-term debt -€10,303
down €10,303 (-51.2%), from €20,119 to €9,816
- Debts after one year -€9,816
down €9,816 (-26.6%), from €36,877 to €27,061
- Trade debts -€9,108
down €9,108 (-74.1%), from €12,285 to €3,177
- Tax, wage and social debts +€7,348
up €7,348 (+85.4%), from €8,600 to €15,948
- Gross operating margin -€17,716
down €17,716 (-17.9%), from €99,245 to €81,529
- Depreciation -€2,319
down €2,319 (-8.8%), from €26,380 to €24,061
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 | €276,291 | €267,488 | -€8,803 | -3.2% |
| Fixed assets | 21/28 | €54,015 | €35,115 | -€18,900 | -35.0% |
| Tangible fixed assets | 22/27 | €54,015 | €35,115 | -€18,900 | -35.0% |
| Land and buildings | 22 | €32,614 | €26,956 | -€5,658 | -17.3% |
| Plant, machinery and equipment | 23 | €10,761 | €7,836 | -€2,925 | -27.2% |
| Furniture and vehicles | 24 | €10,641 | €324 | -€10,317 | -97.0% |
| Current assets | 29/58 | €222,275 | €232,373 | +€10,097 | +4.5% |
| Stocks and contracts in progress | 3 | €3,081 | €1,884 | -€1,197 | -38.8% |
| Stocks | 30/36 | €3,081 | €1,884 | -€1,197 | -38.8% |
| Amounts receivable within one year | 40/41 | €24,929 | €25,446 | +€517 | +2.1% |
| Trade receivables | 40 | €23,701 | €19,012 | -€4,689 | -19.8% |
| Other amounts receivable | 41 | €1,228 | €6,434 | +€5,206 | +424% |
| Cash at bank and in hand | 54/58 | €191,689 | €202,116 | +€10,428 | +5.4% |
| Deferred charges and accrued income | 490/1 | €2,577 | €2,926 | +€349 | +13.5% |
| Total equity and liabilities | 10/49 | €276,291 | €267,488 | -€8,803 | -3.2% |
| Equity | 10/15 | €197,244 | €210,320 | +€13,076 | +6.6% |
| Reserves | 13 | €197,244 | €210,320 | +€13,076 | +6.6% |
| Tax-exempt reserves | 132 | €17,395 | €0 | -€17,395 | -100% |
| Distributable reserves | 133 | €179,849 | €210,320 | +€30,471 | +16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,047 | €57,168 | -€21,879 | -27.7% |
| Amounts payable after more than one year | 17 | €36,877 | €27,061 | -€9,816 | -26.6% |
| Financial debts | 170/4 | €36,877 | €27,061 | -€9,816 | -26.6% |
| Amounts payable within one year | 42/48 | €42,170 | €30,107 | -€12,063 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €20,119 | €9,816 | -€10,303 | -51.2% |
| Trade debts | 44 | €12,285 | €3,177 | -€9,108 | -74.1% |
| Suppliers | 440/4 | €12,285 | €3,177 | -€9,108 | -74.1% |
| Taxes, remuneration and social security | 45 | €8,600 | €15,948 | +€7,348 | +85.4% |
| Taxes | 450/3 | €8,600 | €15,948 | +€7,348 | +85.4% |
| Other amounts payable | 47/48 | €1,166 | €1,166 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,380 | €24,061 | -€2,319 | -8.8% |
| Other operating charges | 640/8 | €936 | €1,121 | +€185 | +19.8% |
| Non-recurring operating charges | 66A | €517 | €0 | -€517 | -100% |
| Gross operating margin | 9900 | €99,245 | €81,529 | -€17,716 | -17.9% |
| Operating profit (loss) | 9901 | €71,412 | €56,347 | -€15,065 | -21.1% |
| Financial income | 75/76B | €81 | €205 | +€124 | +154% |
| Recurring financial income | 75 | €81 | €205 | +€124 | +154% |
| Financial charges | 65/66B | €3,720 | €2,861 | -€859 | -23.1% |
| Recurring financial charges | 65 | €3,720 | €2,861 | -€859 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €67,773 | €53,691 | -€14,082 | -20.8% |
| Income taxes | 67/77 | €19,194 | €19,905 | +€711 | +3.7% |
| Profit (loss) for the period | 9904 | €48,578 | €33,785 | -€14,793 | -30.5% |
| Transfer from tax-exempt reserves | 789 | - | €17,395 | +€17,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,578 | €51,180 | +€2,602 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.