BENELUX LINE: 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 LINE
Largest movements
- Receivables within one year +€136,425
up €136,425 (+72.0%), from €189,547 to €325,972
of which Other amounts receivable: +€91,659
- Cash -€32,258
down €32,258 (-33.8%), from €95,448 to €63,189
mainly Receivables within one year (-€136,425)
- Tax, wage and social debts +€82,457
up €82,457 (+49.8%), from €165,676 to €248,133
- Profit (loss) carried forward +€20,516
up €20,516 (+15.9%), from €129,364 to €149,881
- Taxes +€67,681
new in 2025: €67,681
- Gross operating margin +€50,697
up €50,697 (+96.2%), from €52,714 to €103,411
- Financial charges -€12,646
down €12,646 (-57.1%), from €22,161 to €9,514
- Other operating charges +€1,313
up €1,313 (+41.1%), from €3,193 to €4,506
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 | €295,141 | €398,114 | +€102,973 | +34.9% |
| Fixed assets | 21/28 | €10,145 | €8,952 | -€1,193 | -11.8% |
| Tangible fixed assets | 22/27 | €10,145 | €8,952 | -€1,193 | -11.8% |
| Land and buildings | 22 | €2,935 | €2,526 | -€409 | -13.9% |
| Furniture and vehicles | 24 | €2,490 | €2,230 | -€260 | -10.4% |
| Other tangible fixed assets | 26 | €4,720 | €4,196 | -€524 | -11.1% |
| Current assets | 29/58 | €284,995 | €389,162 | +€104,166 | +36.6% |
| Amounts receivable within one year | 40/41 | €189,547 | €325,972 | +€136,425 | +72.0% |
| Trade receivables | 40 | €105,120 | €149,886 | +€44,766 | +42.6% |
| Other amounts receivable | 41 | €84,427 | €176,086 | +€91,659 | +109% |
| Cash at bank and in hand | 54/58 | €95,448 | €63,189 | -€32,258 | -33.8% |
| Total equity and liabilities | 10/49 | €295,141 | €398,114 | +€102,973 | +34.9% |
| Equity | 10/15 | €129,464 | €149,981 | +€20,516 | +15.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,364 | €149,881 | +€20,516 | +15.9% |
| Amounts payable | 17/49 | €165,676 | €248,133 | +€82,457 | +49.8% |
| Amounts payable within one year | 42/48 | €165,676 | €248,133 | +€82,457 | +49.8% |
| Taxes, remuneration and social security | 45 | €165,676 | €248,133 | +€82,457 | +49.8% |
| Taxes | 450/3 | €165,676 | €248,133 | +€82,457 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,193 | €1,193 | = | 0.0% |
| Other operating charges | 640/8 | €3,193 | €4,506 | +€1,313 | +41.1% |
| Gross operating margin | 9900 | €52,714 | €103,411 | +€50,697 | +96.2% |
| Operating profit (loss) | 9901 | €48,328 | €97,712 | +€49,383 | +102% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €22,161 | €9,514 | -€12,646 | -57.1% |
| Recurring financial charges | 65 | €22,161 | €9,514 | -€12,646 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €26,169 | €88,198 | +€62,029 | +237% |
| Income taxes | 67/77 | - | €67,681 | +€67,681 | |
| Profit (loss) for the period | 9904 | €26,169 | €20,516 | -€5,652 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,169 | €20,516 | -€5,652 | -21.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.