Benelux Group: 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.
Benelux Group
Largest movements
- Stocks and contracts +€29,900
new in 2025: €29,900
- Deferred charges and accrued income +€5,598
new in 2025: €5,598
- Cash +€2,666
up €2,666, from €0 to €2,666
mainly Other debts (+€40,394) and Trade debts (+€2,817)
- Receivables within one year -€1,082
down €1,082 (-93.3%), from €1,160 to €77
of which Other amounts receivable: -€919
- Tangible fixed assets +€516
new in 2025: €516
- Other debts +€40,394
up €40,394 (+5,109%), from €791 to €41,184
- Profit (loss) carried forward -€6,069
down €6,069 (-31.3%), from -€19,400 to -€25,469
- Trade debts +€2,817
up €2,817 (+273%), from €1,031 to €3,848
- Advances received +€500
new in 2025: €500
- Tax, wage and social debts +€463
up €463 (+352%), from €132 to €594
- Gross operating margin -€4,532
down €4,532 (-1,276%), from -€355 to -€4,887
- Depreciation +€217
up €217, from €0 to €217
- Financial charges +€167
up €167 (+87.1%), from €191 to €358
- Other operating charges +€134
up €134 (+26.6%), from €505 to €640
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 | €1,160 | €39,258 | +€38,099 | +3,285% |
| Fixed assets | 21/28 | - | €1,016 | +€1,016 | |
| Tangible fixed assets | 22/27 | - | €516 | +€516 | |
| Furniture and vehicles | 24 | - | €516 | +€516 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €1,160 | €38,242 | +€37,082 | +3,198% |
| Stocks and contracts in progress | 3 | - | €29,900 | +€29,900 | |
| Stocks | 30/36 | - | €29,900 | +€29,900 | |
| Amounts receivable within one year | 40/41 | €1,160 | €77 | -€1,082 | -93.3% |
| Trade receivables | 40 | €163 | €0 | -€163 | -100% |
| Other amounts receivable | 41 | €996 | €77 | -€919 | -92.2% |
| Cash at bank and in hand | 54/58 | €0 | €2,666 | +€2,666 | |
| Deferred charges and accrued income | 490/1 | - | €5,598 | +€5,598 | |
| Total equity and liabilities | 10/49 | €1,160 | €39,258 | +€38,099 | +3,285% |
| Equity | 10/15 | -€800 | -€6,869 | -€6,069 | -759% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€19,400 | -€25,469 | -€6,069 | -31.3% |
| Amounts payable | 17/49 | €1,959 | €46,127 | +€44,167 | +2,254% |
| Amounts payable within one year | 42/48 | €1,959 | €46,127 | +€44,167 | +2,254% |
| Financial debts | 43 | €6 | €0 | -€6 | -100% |
| Credit institutions | 430/8 | €6 | €0 | -€6 | -100% |
| Trade debts | 44 | €1,031 | €3,848 | +€2,817 | +273% |
| Suppliers | 440/4 | €1,031 | €3,848 | +€2,817 | +273% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €132 | €594 | +€463 | +352% |
| Taxes | 450/3 | €132 | €594 | +€463 | +352% |
| Other amounts payable | 47/48 | €791 | €41,184 | +€40,394 | +5,109% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €217 | +€217 | |
| Other operating charges | 640/8 | €505 | €640 | +€134 | +26.6% |
| Non-recurring operating charges | 66A | €14,699 | €0 | -€14,699 | -100% |
| Gross operating margin | 9900 | -€355 | -€4,887 | -€4,532 | -1,276% |
| Operating profit (loss) | 9901 | -€15,559 | -€5,744 | +€9,816 | +63.1% |
| Financial income | 75/76B | €0 | €33 | +€33 | |
| Recurring financial income | 75 | €0 | €33 | +€33 | |
| Financial charges | 65/66B | €191 | €358 | +€167 | +87.1% |
| Recurring financial charges | 65 | €191 | €358 | +€167 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,751 | -€6,069 | +€9,682 | +61.5% |
| Income taxes | 67/77 | €12 | €0 | -€12 | -100% |
| Profit (loss) for the period | 9904 | -€15,763 | -€6,069 | +€9,694 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,763 | -€6,069 | +€9,694 | +61.5% |
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 29 October 2026 via checked.be.