Benelo: what changed
What changed
Benelo
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€4,751
2024 · €5,323-€571
Equity
€199,774
2024 · €211,170-€11,395
Cash
€24,237
2024 · €23,464+€773
Balance sheet total
€228,318
2024 · €234,794-€6,476
Largest movements
Assets
- Current investments -€10,000
down €10,000 (-6.7%), from €150,000 to €140,000
Equity and liabilities
- Reserves -€11,395
down €11,395 (-6.2%), from €183,670 to €172,274
- Tax, wage and social debts +€2,521
up €2,521 (+134%), from €1,875 to €4,396
Income statement
- Financial income -€2,710
down €2,710 (-51.4%), from €5,273 to €2,563
- Gross operating margin +€2,113
up €2,113 (+65.5%), from €3,228 to €5,341
- Taxes -€454
down €454 (-17.6%), from €2,574 to €2,120
- Depreciation +€418
up €418 (+1,016%), from €41 to €460
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,323
Gross operating margin
+€2,113
Depreciation
-€418
Other operating charges
-€14
Financial income
-€2,710
Financial charges
+€5
Taxes
+€454
Result 2025
€4,751
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,373
Investment
+€8,547
Financing
-€16,147
Cash 2024
€23,464
From operations (derived)
+€8,373
Net result for the year
+€4,751
Depreciation
+€460
Receivables within one year
-€1,758
Trade debts
+€1,453
Tax, wage and social debts
+€2,521
Other debts
+€946
Investment (derived)
+€8,547
Investment in fixed assets (net)
-€1,453
Current investments
+€10,000
Financing
-€16,147
Contributions, distributions and other
-€16,147
Cash 2025
€24,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,794 | €228,318 | -€6,476 | -2.8% |
| Fixed assets | 21/28 | €61,330 | €62,323 | +€993 | +1.6% |
| Tangible fixed assets | 22/27 | €1,330 | €2,323 | +€993 | +74.7% |
| Furniture and vehicles | 24 | €1,330 | €2,323 | +€993 | +74.7% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €173,464 | €165,995 | -€7,469 | -4.3% |
| Amounts receivable within one year | 40/41 | - | €1,758 | +€1,758 | |
| Trade receivables | 40 | - | €1,758 | +€1,758 | |
| Current investments | 50/53 | €150,000 | €140,000 | -€10,000 | -6.7% |
| Cash at bank and in hand | 54/58 | €23,464 | €24,237 | +€773 | +3.3% |
| Total equity and liabilities | 10/49 | €234,794 | €228,318 | -€6,476 | -2.8% |
| Equity | 10/15 | €211,170 | €199,774 | -€11,395 | -5.4% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €183,670 | €172,274 | -€11,395 | -6.2% |
| Distributable reserves | 133 | €183,670 | €172,274 | -€11,395 | -6.2% |
| Amounts payable | 17/49 | €23,624 | €28,544 | +€4,919 | +20.8% |
| Amounts payable within one year | 42/48 | €23,624 | €28,544 | +€4,919 | +20.8% |
| Trade debts | 44 | - | €1,453 | +€1,453 | |
| Suppliers | 440/4 | - | €1,453 | +€1,453 | |
| Taxes, remuneration and social security | 45 | €1,875 | €4,396 | +€2,521 | +134% |
| Taxes | 450/3 | €1,875 | €4,396 | +€2,521 | +134% |
| Other amounts payable | 47/48 | €21,749 | €22,695 | +€946 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €460 | +€418 | +1,016% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €3,228 | €5,341 | +€2,113 | +65.5% |
| Operating profit (loss) | 9901 | €2,673 | €4,354 | +€1,680 | +62.9% |
| Financial income | 75/76B | €5,273 | €2,563 | -€2,710 | -51.4% |
| Recurring financial income | 75 | €5,273 | €2,563 | -€2,710 | -51.4% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -9.5% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €7,897 | €6,871 | -€1,025 | -13.0% |
| Income taxes | 67/77 | €2,574 | €2,120 | -€454 | -17.6% |
| Profit (loss) for the period | 9904 | €5,323 | €4,751 | -€571 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,323 | €4,751 | -€571 | -10.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.