" BENEX ": 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.
" BENEX "
Largest movements
- Tangible fixed assets -€95,548
down €95,548 (-24.7%), from €387,487 to €291,939
of which Furniture and vehicles: -€72,993
- Stocks and contracts +€49,170
up €49,170 (+36.4%), from €134,997 to €184,167
- Receivables within one year +€34,643
up €34,643 (+37.7%), from €91,818 to €126,461
of which Trade receivables: +€29,232
- Cash -€26,217
down €26,217 (-63.6%), from €41,202 to €14,985
mainly Contributions, distributions and other (-€50,000) and Stocks and contracts (-€49,170)
- Deferred charges and accrued income +€11,372
up €11,372 (+101.6%), from €11,198 to €22,570
- Reserves -€34,600
down €34,600 (-23.2%), from €148,855 to €114,255
of which Distributable reserves: -€34,600
- Debts after one year -€25,852
down €25,852 (-49.7%), from €52,059 to €26,207
- Other debts +€25,197
up €25,197 (+104.3%), from €24,157 to €49,354
- Trade debts +€15,568
up €15,568 (+37.1%), from €41,907 to €57,475
- Current portion of long-term debt -€8,084
down €8,084 (-23.4%), from €34,495 to €26,411
- Gross operating margin -€16,377
down €16,377 (-10.0%), from €163,382 to €147,005
- Taxes -€5,224
down €5,224 (-30.4%), from €17,178 to €11,954
- Depreciation +€3,568
up €3,568 (+3.4%), from €104,922 to €108,490
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 | €668,702 | €642,122 | -€26,580 | -4.0% |
| Fixed assets | 21/28 | €389,487 | €293,939 | -€95,548 | -24.5% |
| Tangible fixed assets | 22/27 | €387,487 | €291,939 | -€95,548 | -24.7% |
| Plant, machinery and equipment | 23 | €35,163 | €29,876 | -€5,287 | -15.0% |
| Furniture and vehicles | 24 | €242,759 | €169,766 | -€72,993 | -30.1% |
| Other tangible fixed assets | 26 | €109,565 | €92,297 | -€17,268 | -15.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €279,215 | €348,183 | +€68,968 | +24.7% |
| Stocks and contracts in progress | 3 | €134,997 | €184,167 | +€49,170 | +36.4% |
| Stocks | 30/36 | €134,997 | €184,167 | +€49,170 | +36.4% |
| Amounts receivable within one year | 40/41 | €91,818 | €126,461 | +€34,643 | +37.7% |
| Trade receivables | 40 | €48,303 | €77,535 | +€29,232 | +60.5% |
| Other amounts receivable | 41 | €43,515 | €48,926 | +€5,411 | +12.4% |
| Cash at bank and in hand | 54/58 | €41,202 | €14,985 | -€26,217 | -63.6% |
| Deferred charges and accrued income | 490/1 | €11,198 | €22,570 | +€11,372 | +101.6% |
| Total equity and liabilities | 10/49 | €668,702 | €642,122 | -€26,580 | -4.0% |
| Equity | 10/15 | €507,857 | €473,340 | -€34,517 | -6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,855 | €114,255 | -€34,600 | -23.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €129,000 | €94,400 | -€34,600 | -26.8% |
| Profit (loss) carried forward | 14 | €352,802 | €352,885 | +€83 | 0.0% |
| Amounts payable | 17/49 | €160,845 | €168,782 | +€7,937 | +4.9% |
| Amounts payable after more than one year | 17 | €52,059 | €26,207 | -€25,852 | -49.7% |
| Financial debts | 170/4 | €52,059 | €26,207 | -€25,852 | -49.7% |
| Amounts payable within one year | 42/48 | €108,786 | €142,575 | +€33,789 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €34,495 | €26,411 | -€8,084 | -23.4% |
| Trade debts | 44 | €41,907 | €57,475 | +€15,568 | +37.1% |
| Suppliers | 440/4 | €41,907 | €57,475 | +€15,568 | +37.1% |
| Taxes, remuneration and social security | 45 | €8,227 | €9,335 | +€1,108 | +13.5% |
| Taxes | 450/3 | €8,227 | €9,335 | +€1,108 | +13.5% |
| Other amounts payable | 47/48 | €24,157 | €49,354 | +€25,197 | +104.3% |
| Remuneration, social security and pensions | 62 | €1,093 | - | -€1,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,922 | €108,490 | +€3,568 | +3.4% |
| Other operating charges | 640/8 | €5,652 | €6,253 | +€601 | +10.6% |
| Gross operating margin | 9900 | €163,382 | €147,005 | -€16,377 | -10.0% |
| Operating profit (loss) | 9901 | €51,715 | €32,262 | -€19,453 | -37.6% |
| Financial income | 75/76B | €2,760 | €2,474 | -€286 | -10.4% |
| Recurring financial income | 75 | €2,760 | €2,474 | -€286 | -10.4% |
| Financial charges | 65/66B | €8,026 | €7,299 | -€727 | -9.1% |
| Recurring financial charges | 65 | €8,026 | €7,299 | -€727 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €46,449 | €27,437 | -€19,012 | -40.9% |
| Income taxes | 67/77 | €17,178 | €11,954 | -€5,224 | -30.4% |
| Profit (loss) for the period | 9904 | €29,271 | €15,483 | -€13,788 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,271 | €15,483 | -€13,788 | -47.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.