BENFORD: 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.
BENFORD
Largest movements
- Receivables within one year +€6,195
up €6,195 (+21.6%), from €28,720 to €34,915
of which Trade receivables: +€3,106
- Tangible fixed assets +€2,562
up €2,562 (+50.1%), from €5,110 to €7,672
of which Land and buildings: +€2,300
- Cash +€2,333
up €2,333 (+13.4%), from €17,375 to €19,708
mainly Net result for the year (+€25,272) and Tax, wage and social debts (+€10,169)
- Deferred charges and accrued income -€741
down €741 (-85.9%), from €863 to €122
- Other debts -€27,081
no longer reported in 2025 (was €27,081)
- Profit (loss) carried forward +€25,272
up €25,272 (+629.6%), from €4,014 to €29,286
- Tax, wage and social debts +€10,169
up €10,169 (+53.2%), from €19,113 to €29,283
- Trade debts +€1,988
new in 2025: €1,988
- Other operating charges +€6,991
up €6,991 (+875.1%), from €799 to €7,790
- Gross operating margin +€3,794
up €3,794 (+8.4%), from €45,298 to €49,092
- Financial charges +€3,310
up €3,310 (+2451.7%), from €135 to €3,445
- Taxes -€512
down €512 (-4.7%), from €10,958 to €10,447
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 | €52,069 | €62,417 | +€10,348 | +19.9% |
| Fixed assets | 21/28 | €5,110 | €7,672 | +€2,562 | +50.1% |
| Tangible fixed assets | 22/27 | €5,110 | €7,672 | +€2,562 | +50.1% |
| Land and buildings | 22 | - | €2,300 | +€2,300 | |
| Furniture and vehicles | 24 | €2,922 | €3,473 | +€552 | +18.9% |
| Other tangible fixed assets | 26 | €2,189 | €1,899 | -€290 | -13.2% |
| Current assets | 29/58 | €46,959 | €54,745 | +€7,786 | +16.6% |
| Amounts receivable within one year | 40/41 | €28,720 | €34,915 | +€6,195 | +21.6% |
| Trade receivables | 40 | €28,681 | €31,787 | +€3,106 | +10.8% |
| Other amounts receivable | 41 | €39 | €3,128 | +€3,089 | +7941.3% |
| Cash at bank and in hand | 54/58 | €17,375 | €19,708 | +€2,333 | +13.4% |
| Deferred charges and accrued income | 490/1 | €863 | €122 | -€741 | -85.9% |
| Total equity and liabilities | 10/49 | €52,069 | €62,417 | +€10,348 | +19.9% |
| Equity | 10/15 | €5,875 | €31,147 | +€25,272 | +430.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,014 | €29,286 | +€25,272 | +629.6% |
| Amounts payable | 17/49 | €46,194 | €31,270 | -€14,924 | -32.3% |
| Amounts payable within one year | 42/48 | €46,194 | €31,270 | -€14,924 | -32.3% |
| Trade debts | 44 | - | €1,988 | +€1,988 | |
| Suppliers | 440/4 | - | €1,988 | +€1,988 | |
| Taxes, remuneration and social security | 45 | €19,113 | €29,283 | +€10,169 | +53.2% |
| Taxes | 450/3 | €19,113 | €29,283 | +€10,169 | +53.2% |
| Other amounts payable | 47/48 | €27,081 | - | -€27,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,392 | €2,156 | -€235 | -9.8% |
| Other operating charges | 640/8 | €799 | €7,790 | +€6,991 | +875.1% |
| Gross operating margin | 9900 | €45,298 | €49,092 | +€3,794 | +8.4% |
| Operating profit (loss) | 9901 | €42,107 | €39,145 | -€2,962 | -7.0% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €135 | €3,445 | +€3,310 | +2451.7% |
| Recurring financial charges | 65 | €135 | €3,445 | +€3,310 | +2451.7% |
| Profit (loss) for the period before taxes | 9903 | €41,972 | €35,719 | -€6,253 | -14.9% |
| Income taxes | 67/77 | €10,958 | €10,447 | -€512 | -4.7% |
| Profit (loss) for the period | 9904 | €31,014 | €25,272 | -€5,742 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,014 | €25,272 | -€5,742 | -18.5% |
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 9 October 2026 via checked.be.