BENELEX: 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.
BENELEX
Largest movements
- Tangible fixed assets -€29,697
down €29,697 (-15.5%), from €191,204 to €161,507
of which Land and buildings: -€23,706
- Receivables within one year +€19,886
up €19,886 (+49.3%), from €40,352 to €60,239
of which Other amounts receivable: +€14,627
- Current portion of long-term debt -€24,459
down €24,459 (-74.5%), from €32,841 to €8,382
- Trade debts +€22,875
up €22,875 (+7,934%), from €288 to €23,164
- Other debts -€16,179
down €16,179 (-15.7%), from €103,030 to €86,851
- Profit (loss) carried forward +€9,421
up €9,421 (+78.9%), from -€11,935 to -€2,515
- Debts after one year -€3,343
down €3,343 (-62.8%), from €5,323 to €1,980
of which Financial debts: -€3,343
- Gross operating margin -€5,893
down €5,893 (-10.5%), from €55,869 to €49,977
- Other operating charges -€1,958
down €1,958 (-26.5%), from €7,392 to €5,433
- Financial charges -€1,753
down €1,753 (-56.3%), from €3,112 to €1,359
- Taxes -€1,259
down €1,259 (-23.6%), from €5,326 to €4,067
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 | €232,917 | €221,753 | -€11,164 | -4.8% |
| Fixed assets | 21/28 | €191,204 | €161,507 | -€29,697 | -15.5% |
| Tangible fixed assets | 22/27 | €191,204 | €161,507 | -€29,697 | -15.5% |
| Land and buildings | 22 | €179,780 | €156,075 | -€23,706 | -13.2% |
| Furniture and vehicles | 24 | €11,424 | €5,433 | -€5,991 | -52.4% |
| Current assets | 29/58 | €41,713 | €60,245 | +€18,533 | +44.4% |
| Amounts receivable within one year | 40/41 | €40,352 | €60,239 | +€19,886 | +49.3% |
| Trade receivables | 40 | €20,250 | €25,509 | +€5,259 | +26.0% |
| Other amounts receivable | 41 | €20,102 | €34,729 | +€14,627 | +72.8% |
| Cash at bank and in hand | 54/58 | €327 | €7 | -€320 | -97.9% |
| Deferred charges and accrued income | 490/1 | €1,033 | - | -€1,033 | |
| Total equity and liabilities | 10/49 | €232,917 | €221,753 | -€11,164 | -4.8% |
| Equity | 10/15 | €82,951 | €92,372 | +€9,421 | +11.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €69,886 | €69,886 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €67,386 | €67,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,935 | -€2,515 | +€9,421 | +78.9% |
| Amounts payable | 17/49 | €149,966 | €129,381 | -€20,585 | -13.7% |
| Amounts payable after more than one year | 17 | €5,323 | €1,980 | -€3,343 | -62.8% |
| Financial debts | 170/4 | €3,343 | - | -€3,343 | |
| Other amounts payable | 178/9 | €1,980 | €1,980 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,642 | €127,401 | -€17,241 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €32,841 | €8,382 | -€24,459 | -74.5% |
| Financial debts | 43 | €16 | - | -€16 | |
| Credit institutions | 430/8 | €16 | - | -€16 | |
| Trade debts | 44 | €288 | €23,164 | +€22,875 | +7,934% |
| Suppliers | 440/4 | €288 | €23,164 | +€22,875 | +7,934% |
| Taxes, remuneration and social security | 45 | €8,468 | €9,005 | +€537 | +6.3% |
| Taxes | 450/3 | €8,468 | €9,005 | +€537 | +6.3% |
| Other amounts payable | 47/48 | €103,030 | €86,851 | -€16,179 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,697 | €29,697 | = | 0.0% |
| Other operating charges | 640/8 | €7,392 | €5,433 | -€1,958 | -26.5% |
| Gross operating margin | 9900 | €55,869 | €49,977 | -€5,893 | -10.5% |
| Operating profit (loss) | 9901 | €18,781 | €14,847 | -€3,934 | -20.9% |
| Financial charges | 65/66B | €3,112 | €1,359 | -€1,753 | -56.3% |
| Recurring financial charges | 65 | €3,112 | €1,359 | -€1,753 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €15,669 | €13,488 | -€2,181 | -13.9% |
| Income taxes | 67/77 | €5,326 | €4,067 | -€1,259 | -23.6% |
| Profit (loss) for the period | 9904 | €10,342 | €9,421 | -€922 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,342 | €9,421 | -€922 | -8.9% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.