BENELUX TECHNICAL SERVICES: what changed
Two fiscal 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 TECHNICAL SERVICES
Largest movements
- Receivables within one year +€10,845
up €10,845 (+33.0%), from €32,837 to €43,683
- Stocks and contracts -€10,520
down €10,520 (-22.4%), from €46,942 to €36,422
- Tangible fixed assets +€4,273
up €4,273 (+22.4%), from €19,062 to €23,335
of which Other tangible fixed assets: +€4,825
- Financial fixed assets +€3,714
up €3,714 (+15.3%), from €24,250 to €27,964
- Profit (loss) carried forward +€41,694
up €41,694 (+15.9%), from -€261,797 to -€220,103
- Debts after one year -€38,214
down €38,214 (-21.5%), from €178,033 to €139,819
- Reserves +€5,000
new in 2025: €5,000
- Short-term financial debts -€4,499
down €4,499 (-9.8%), from €45,929 to €41,430
- Other debts +€4,290
up €4,290 (+5.8%), from €73,430 to €77,720
- Gross operating margin +€29,400
up €29,400 (+49.7%), from €59,192 to €88,591
- Depreciation +€5,573
up €5,573 (+100.7%), from €5,534 to €11,107
- Write-downs +€3,445
new in 2025: €3,445
- Other operating charges +€1,265
up €1,265 (+56.5%), from €2,241 to €3,506
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.
Cash bridge derived
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 | €127,651 | €134,180 | +€6,529 | +5.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €45,401 | €52,229 | +€6,828 | +15.0% |
| Intangible fixed assets | 21 | €2,089 | €930 | -€1,159 | -55.5% |
| Tangible fixed assets | 22/27 | €19,062 | €23,335 | +€4,273 | +22.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €553 | - | -€553 | |
| Other tangible fixed assets | 26 | €18,510 | €23,335 | +€4,825 | +26.1% |
| Financial fixed assets | 28 | €24,250 | €27,964 | +€3,714 | +15.3% |
| Current assets | 29/58 | €82,250 | €81,951 | -€299 | -0.4% |
| Stocks and contracts in progress | 3 | €46,942 | €36,422 | -€10,520 | -22.4% |
| Stocks | 30/36 | €46,942 | €36,422 | -€10,520 | -22.4% |
| Amounts receivable within one year | 40/41 | €32,837 | €43,683 | +€10,845 | +33.0% |
| Trade receivables | 40 | €32,837 | €43,683 | +€10,845 | +33.0% |
| Cash at bank and in hand | 54/58 | €70 | €70 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,401 | €1,776 | -€624 | -26.0% |
| Total equity and liabilities | 10/49 | €127,651 | €134,180 | +€6,529 | +5.1% |
| Equity | 10/15 | -€199,797 | -€153,103 | +€46,694 | +23.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€261,797 | -€220,103 | +€41,694 | +15.9% |
| Amounts payable | 17/49 | €327,448 | €287,284 | -€40,165 | -12.3% |
| Amounts payable after more than one year | 17 | €178,033 | €139,819 | -€38,214 | -21.5% |
| Financial debts | 170/4 | €178,033 | €139,819 | -€38,214 | -21.5% |
| Amounts payable within one year | 42/48 | €149,415 | €147,465 | -€1,950 | -1.3% |
| Financial debts | 43 | €45,929 | €41,430 | -€4,499 | -9.8% |
| Credit institutions | 430/8 | €45,929 | €41,430 | -€4,499 | -9.8% |
| Trade debts | 44 | €21,365 | €22,276 | +€912 | +4.3% |
| Suppliers | 440/4 | €21,365 | €22,276 | +€912 | +4.3% |
| Taxes, remuneration and social security | 45 | €8,691 | €6,038 | -€2,653 | -30.5% |
| Taxes | 450/3 | €7,776 | €5,949 | -€1,827 | -23.5% |
| Remuneration and social security | 454/9 | €915 | €88 | -€826 | -90.3% |
| Other amounts payable | 47/48 | €73,430 | €77,720 | +€4,290 | +5.8% |
| Non-recurring operating income | 76A | €5,118 | €6,966 | +€1,848 | +36.1% |
| Remuneration, social security and pensions | 62 | €13,411 | €13,807 | +€397 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,534 | €11,107 | +€5,573 | +100.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,445 | +€3,445 | |
| Other operating charges | 640/8 | €2,241 | €3,506 | +€1,265 | +56.5% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €527 | €3,594 | +€3,068 | +582.4% |
| Gross operating margin | 9900 | €59,192 | €88,591 | +€29,400 | +49.7% |
| Operating profit (loss) | 9901 | €37,480 | €53,132 | +€15,653 | +41.8% |
| Financial income | 75/76B | €0 | €112 | +€112 | +279325.0% |
| Recurring financial income | 75 | €0 | €112 | +€112 | +279325.0% |
| Financial charges | 65/66B | €6,173 | €6,550 | +€377 | +6.1% |
| Recurring financial charges | 65 | €6,173 | €6,550 | +€377 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €31,307 | €46,694 | +€15,387 | +49.1% |
| Income taxes | 67/77 | €166 | - | -€166 | |
| Profit (loss) for the period | 9904 | €31,141 | €46,694 | +€15,553 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,141 | €46,694 | +€15,553 | +49.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.