BENETEC: 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.
BENETEC
Largest movements
- Stocks and contracts +€455,230
up €455,230 (+23.3%), from €2.0m to €2.4m
- Receivables within one year -€119,896
down €119,896 (-8.2%), from €1.5m to €1.3m
of which Trade receivables: -€141,038
- Cash +€78,149
up €78,149 (+29.1%), from €268,472 to €346,621
mainly Short-term financial debts (+€560,276) and Receivables within one year (+€119,896)
- Tangible fixed assets -€71,189
down €71,189 (-32.3%), from €220,432 to €149,242
of which Leasing and similar rights: -€72,051
- Short-term financial debts +€560,276
up €560,276 (+57.5%), from €974,383 to €1.5m
- Other debts -€116,974
down €116,974 (-24.1%), from €485,577 to €368,602
- Debts after one year -€110,035
down €110,035 (-15.7%), from €701,932 to €591,897
of which Financial debts: -€110,035
- Trade debts -€73,961
down €73,961 (-8.7%), from €851,473 to €777,511
- Tax, wage and social debts +€62,663
up €62,663 (+16.0%), from €390,695 to €453,358
of which Remuneration and social security: +€83,904
- Staff costs -€681,258
down €681,258 (-28.7%), from €2.4m to €1.7m
- Gross operating margin -€668,926
down €668,926 (-24.8%), from €2.7m to €2.0m
- Depreciation -€50,466
down €50,466 (-34.2%), from €147,595 to €97,130
- Financial charges -€50,350
down €50,350 (-38.1%), from €132,248 to €81,898
- Taxes +€35,680
up €35,680 (+209.5%), from €17,032 to €52,711
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 | €3,943,406 | €4,281,990 | +€338,584 | +8.6% |
| Fixed assets | 21/28 | €230,362 | €151,608 | -€78,754 | -34.2% |
| Intangible fixed assets | 21 | €9,931 | €2,366 | -€7,565 | -76.2% |
| Tangible fixed assets | 22/27 | €220,432 | €149,242 | -€71,189 | -32.3% |
| Plant, machinery and equipment | 23 | €5,722 | €20,707 | +€14,985 | +261.9% |
| Furniture and vehicles | 24 | €71,580 | €60,814 | -€10,766 | -15.0% |
| Leasing and similar rights | 25 | €138,299 | €66,248 | -€72,051 | -52.1% |
| Other tangible fixed assets | 26 | €4,830 | €1,473 | -€3,357 | -69.5% |
| Current assets | 29/58 | €3,713,044 | €4,130,382 | +€417,338 | +11.2% |
| Stocks and contracts in progress | 3 | €1,957,527 | €2,412,757 | +€455,230 | +23.3% |
| Stocks | 30/36 | €1,957,527 | €2,412,757 | +€455,230 | +23.3% |
| Amounts receivable within one year | 40/41 | €1,468,504 | €1,348,608 | -€119,896 | -8.2% |
| Trade receivables | 40 | €1,384,249 | €1,243,211 | -€141,038 | -10.2% |
| Other amounts receivable | 41 | €84,255 | €105,397 | +€21,142 | +25.1% |
| Cash at bank and in hand | 54/58 | €268,472 | €346,621 | +€78,149 | +29.1% |
| Deferred charges and accrued income | 490/1 | €18,540 | €22,396 | +€3,855 | +20.8% |
| Total equity and liabilities | 10/49 | €3,943,406 | €4,281,990 | +€338,584 | +8.6% |
| Equity | 10/15 | €376,214 | €435,807 | +€59,593 | +15.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €370,009 | €429,602 | +€59,593 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €370,009 | €429,602 | +€59,593 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,567,192 | €3,846,183 | +€278,991 | +7.8% |
| Amounts payable after more than one year | 17 | €701,932 | €591,897 | -€110,035 | -15.7% |
| Financial debts | 170/4 | €191,932 | €81,897 | -€110,035 | -57.3% |
| Other amounts payable | 178/9 | €510,000 | €510,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,864,887 | €3,254,286 | +€389,399 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €157,708 | €115,103 | -€42,605 | -27.0% |
| Financial debts | 43 | €974,383 | €1,534,659 | +€560,276 | +57.5% |
| Credit institutions | 430/8 | €974,383 | €1,534,659 | +€560,276 | +57.5% |
| Trade debts | 44 | €851,473 | €777,511 | -€73,961 | -8.7% |
| Suppliers | 440/4 | €851,473 | €777,511 | -€73,961 | -8.7% |
| Advances received on contracts in progress | 46 | €5,052 | €5,052 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €390,695 | €453,358 | +€62,663 | +16.0% |
| Taxes | 450/3 | €178,623 | €157,383 | -€21,240 | -11.9% |
| Remuneration and social security | 454/9 | €212,072 | €295,976 | +€83,904 | +39.6% |
| Other amounts payable | 47/48 | €485,577 | €368,602 | -€116,974 | -24.1% |
| Accrued charges and deferred income | 492/3 | €373 | €0 | -€373 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,374,351 | €1,693,093 | -€681,258 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,595 | €97,130 | -€50,466 | -34.2% |
| Other operating charges | 640/8 | €73,150 | €46,341 | -€26,809 | -36.6% |
| Gross operating margin | 9900 | €2,693,812 | €2,024,885 | -€668,926 | -24.8% |
| Operating profit (loss) | 9901 | €98,715 | €188,322 | +€89,607 | +90.8% |
| Financial income | 75/76B | €7,223 | €5,880 | -€1,343 | -18.6% |
| Recurring financial income | 75 | €7,223 | €5,880 | -€1,343 | -18.6% |
| Financial charges | 65/66B | €132,248 | €81,898 | -€50,350 | -38.1% |
| Recurring financial charges | 65 | €132,248 | €81,898 | -€50,350 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,310 | €112,305 | +€138,615 | |
| Income taxes | 67/77 | €17,032 | €52,711 | +€35,680 | +209.5% |
| Profit (loss) for the period | 9904 | -€43,342 | €59,593 | +€102,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,342 | €59,593 | +€102,935 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.