BENELUX & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year +€27,374
up €27,374 (+57.6%), from €47,516 to €74,891
of which Other amounts receivable: +€38,073
- Tangible fixed assets +€2,397
up €2,397 (+66.5%), from €3,603 to €6,000
of which Furniture and vehicles: +€4,333
- Cash -€2,038
down €2,038 (-99.6%), from €2,046 to €8
mainly Receivables within one year (-€27,374) and Investment in fixed assets (net) (-€5,397)
- Profit (loss) carried forward +€19,538
up €19,538 (+194%), from €10,077 to €29,615
- Tax, wage and social debts +€13,187
up €13,187 (+471%), from €2,797 to €15,983
of which Remuneration and social security: +€12,315
- Trade debts -€4,997
down €4,997 (-13.7%), from €36,550 to €31,553
of which Bills of exchange payable: -€6,677
- Gross operating margin +€6,240
up €6,240 (+20.1%), from €30,983 to €37,223
- Financial charges +€5,070
up €5,070 (+4,162%), from €122 to €5,191
of which Non-recurring financial charges: +€5,103
- Depreciation +€1,516
up €1,516 (+102%), from €1,484 to €3,000
- Financial income +€1,439
new in 2025: €1,439
of which Financial income: +€1,439
- Staff costs -€1,256
down €1,256 (-11.9%), from €10,595 to €9,339
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 | €59,424 | €87,157 | +€27,733 | +46.7% |
| Fixed assets | 21/28 | €9,861 | €12,258 | +€2,397 | +24.3% |
| Tangible fixed assets | 22/27 | €3,603 | €6,000 | +€2,397 | +66.5% |
| Plant, machinery and equipment | 23 | €1,936 | - | -€1,936 | |
| Furniture and vehicles | 24 | €1,667 | €6,000 | +€4,333 | +260% |
| Financial fixed assets | 28 | €6,258 | €6,258 | = | 0.0% |
| Current assets | 29/58 | €49,563 | €74,899 | +€25,336 | +51.1% |
| Amounts receivable within one year | 40/41 | €47,516 | €74,891 | +€27,374 | +57.6% |
| Trade receivables | 40 | €47,117 | €36,419 | -€10,698 | -22.7% |
| Other amounts receivable | 41 | €399 | €38,472 | +€38,073 | +9,534% |
| Cash at bank and in hand | 54/58 | €2,046 | €8 | -€2,038 | -99.6% |
| Total equity and liabilities | 10/49 | €59,424 | €87,157 | +€27,733 | +46.7% |
| Equity | 10/15 | €20,077 | €39,615 | +€19,538 | +97.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,077 | €29,615 | +€19,538 | +194% |
| Amounts payable | 17/49 | €39,347 | €47,542 | +€8,195 | +20.8% |
| Amounts payable within one year | 42/48 | €39,347 | €47,542 | +€8,195 | +20.8% |
| Financial debts | 43 | - | €6 | +€6 | |
| Other loans | 439 | - | €6 | +€6 | |
| Trade debts | 44 | €36,550 | €31,553 | -€4,997 | -13.7% |
| Suppliers | 440/4 | €29,873 | €31,553 | +€1,680 | +5.6% |
| Bills of exchange payable | 441 | €6,677 | - | -€6,677 | |
| Taxes, remuneration and social security | 45 | €2,797 | €15,983 | +€13,187 | +471% |
| Taxes | 450/3 | €2,405 | €3,277 | +€872 | +36.2% |
| Remuneration and social security | 454/9 | €392 | €12,707 | +€12,315 | +3,143% |
| Remuneration, social security and pensions | 62 | €10,595 | €9,339 | -€1,256 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,484 | €3,000 | +€1,516 | +102% |
| Other operating charges | 640/8 | €1,154 | €1,593 | +€440 | +38.1% |
| Non-recurring operating charges | 66A | €6,907 | - | -€6,907 | |
| Gross operating margin | 9900 | €30,983 | €37,223 | +€6,240 | +20.1% |
| Operating profit (loss) | 9901 | €10,843 | €23,290 | +€12,447 | +115% |
| Financial income | 75/76B | - | €1,439 | +€1,439 | |
| Recurring financial income | 75 | - | €1,439 | +€1,439 | |
| Non-recurring financial income | 76B | - | €1,439 | +€1,439 | |
| Financial charges | 65/66B | €122 | €5,191 | +€5,070 | +4,162% |
| Recurring financial charges | 65 | €122 | €89 | -€33 | -27.2% |
| Non-recurring financial charges | 66B | - | €5,103 | +€5,103 | |
| Profit (loss) for the period before taxes | 9903 | €10,721 | €19,538 | +€8,817 | +82.2% |
| Profit (loss) for the period | 9904 | €10,721 | €19,538 | +€8,817 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,721 | €19,538 | +€8,817 | +82.2% |
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 30 October 2026 via checked.be.