Benetech: 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.
Benetech
Largest movements
- Receivables within one year +€455,103
up €455,103 (+124.0%), from €366,990 to €822,092
of which Trade receivables: +€318,613
- Tangible fixed assets +€154,552
up €154,552 (+1900.9%), from €8,130 to €162,683
of which Furniture and vehicles: +€80,982
- Cash +€67,354
up €67,354 (+23.0%), from €292,403 to €359,756
mainly Trade debts (+€391,782) and Net result for the year (+€241,720)
- Stocks and contracts +€18,551
up €18,551 (+34.6%), from €53,554 to €72,105
of which Contracts in progress: +€15,000
- Deferred charges and accrued income +€17,407
up €17,407 (+448.1%), from €3,885 to €21,292
- Trade debts +€391,782
up €391,782 (+237.2%), from €165,198 to €556,979
- Reserves +€241,720
up €241,720 (+49.1%), from €492,038 to €733,758
of which Distributable reserves: +€247,280
- Debts after one year +€37,427
new in 2025: €37,427
- Tax, wage and social debts +€32,745
up €32,745 (+66.7%), from €49,126 to €81,871
of which Taxes: +€24,627
- Gross operating margin +€242,744
up €242,744 (+61.4%), from €395,612 to €638,356
- Staff costs +€87,067
up €87,067 (+40.9%), from €212,814 to €299,882
- Taxes +€34,627
up €34,627 (+71.9%), from €48,182 to €82,809
- Depreciation +€11,121
up €11,121 (+275.5%), from €4,037 to €15,158
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 | €724,962 | €1,437,928 | +€712,967 | +98.3% |
| Fixed assets | 21/28 | €8,130 | €162,683 | +€154,552 | +1900.9% |
| Tangible fixed assets | 22/27 | €8,130 | €162,683 | +€154,552 | +1900.9% |
| Land and buildings | 22 | €5,339 | €4,805 | -€534 | -10.0% |
| Plant, machinery and equipment | 23 | €856 | €44,717 | +€43,861 | +5124.5% |
| Furniture and vehicles | 24 | €1,935 | €82,918 | +€80,982 | +4184.4% |
| Other tangible fixed assets | 26 | - | €30,242 | +€30,242 | |
| Current assets | 29/58 | €716,831 | €1,275,246 | +€558,414 | +77.9% |
| Stocks and contracts in progress | 3 | €53,554 | €72,105 | +€18,551 | +34.6% |
| Stocks | 30/36 | €53,554 | €57,105 | +€3,551 | +6.6% |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €366,990 | €822,092 | +€455,103 | +124.0% |
| Trade receivables | 40 | €311,202 | €629,816 | +€318,613 | +102.4% |
| Other amounts receivable | 41 | €55,787 | €192,277 | +€136,489 | +244.7% |
| Cash at bank and in hand | 54/58 | €292,403 | €359,756 | +€67,354 | +23.0% |
| Deferred charges and accrued income | 490/1 | €3,885 | €21,292 | +€17,407 | +448.1% |
| Total equity and liabilities | 10/49 | €724,962 | €1,437,928 | +€712,967 | +98.3% |
| Equity | 10/15 | €510,638 | €752,358 | +€241,720 | +47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €492,038 | €733,758 | +€241,720 | +49.1% |
| Tax-exempt reserves | 132 | €110,810 | €105,250 | -€5,560 | -5.0% |
| Distributable reserves | 133 | €381,228 | €628,508 | +€247,280 | +64.9% |
| Amounts payable | 17/49 | €214,324 | €685,570 | +€471,246 | +219.9% |
| Amounts payable after more than one year | 17 | - | €37,427 | +€37,427 | |
| Financial debts | 170/4 | - | €37,427 | +€37,427 | |
| Amounts payable within one year | 42/48 | €214,324 | €648,143 | +€433,819 | +202.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €9,293 | +€9,293 | |
| Trade debts | 44 | €165,198 | €556,979 | +€391,782 | +237.2% |
| Suppliers | 440/4 | €165,198 | €556,979 | +€391,782 | +237.2% |
| Taxes, remuneration and social security | 45 | €49,126 | €81,871 | +€32,745 | +66.7% |
| Taxes | 450/3 | €28,182 | €52,809 | +€24,627 | +87.4% |
| Remuneration and social security | 454/9 | €20,944 | €29,062 | +€8,118 | +38.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €212,814 | €299,882 | +€87,067 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,037 | €15,158 | +€11,121 | +275.5% |
| Other operating charges | 640/8 | €999 | €1,208 | +€209 | +20.9% |
| Non-recurring operating charges | 66A | €0 | €3,586 | +€3,586 | |
| Gross operating margin | 9900 | €395,612 | €638,356 | +€242,744 | +61.4% |
| Operating profit (loss) | 9901 | €177,761 | €318,522 | +€140,761 | +79.2% |
| Financial income | 75/76B | €6,294 | €6,389 | +€95 | +1.5% |
| Recurring financial income | 75 | €6,294 | €6,389 | +€95 | +1.5% |
| Financial charges | 65/66B | €42 | €382 | +€340 | +799.8% |
| Recurring financial charges | 65 | €42 | €382 | +€340 | +799.8% |
| Profit (loss) for the period before taxes | 9903 | €184,012 | €324,529 | +€140,517 | +76.4% |
| Income taxes | 67/77 | €48,182 | €82,809 | +€34,627 | +71.9% |
| Profit (loss) for the period | 9904 | €135,830 | €241,720 | +€105,890 | +78.0% |
| Transfer from tax-exempt reserves | 789 | €5,560 | €5,560 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,240 | €247,280 | +€169,040 | +216.1% |
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 10 October 2026 via checked.be.