Benga Security: 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.
Benga Security
Largest movements
- Cash -€27,568
down €27,568 (-51.0%), from €54,008 to €26,441
mainly Other debts (-€41,644) and Trade debts (-€27,860)
- Receivables within one year +€18,029
up €18,029 (+60.3%), from €29,920 to €47,950
of which Trade receivables: +€17,101
- Stocks and contracts -€15,613
down €15,613 (-79.2%), from €19,709 to €4,096
- Tangible fixed assets +€6,238
up €6,238 (+2.0%), from €308,342 to €314,580
of which Plant, machinery and equipment: +€9,267
- Intangible fixed assets -€5,988
down €5,988 (-35.3%), from €16,960 to €10,973
- Reserves +€61,211
up €61,211 (+49.9%), from €122,600 to €183,811
- Other debts -€41,644
down €41,644 (-83.0%), from €50,177 to €8,533
- Trade debts -€27,860
down €27,860 (-58.6%), from €47,579 to €19,720
- Debts after one year -€23,947
down €23,947 (-14.8%), from €161,337 to €137,391
- Tax, wage and social debts +€13,062
up €13,062 (+140.7%), from €9,280 to €22,342
of which Taxes: +€17,515
- Gross operating margin +€45,886
up €45,886 (+26.5%), from €173,226 to €219,113
- Staff costs -€27,933
down €27,933 (-23.2%), from €120,307 to €92,374
- Taxes +€18,349
up €18,349 (+189.0%), from €9,708 to €28,058
- Depreciation -€6,550
down €6,550 (-23.8%), from €27,503 to €20,953
- Other operating charges +€4,754
up €4,754 (+181.7%), from €2,617 to €7,371
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 | €436,890 | €414,343 | -€22,546 | -5.2% |
| Fixed assets | 21/28 | €325,342 | €325,593 | +€251 | +0.1% |
| Intangible fixed assets | 21 | €16,960 | €10,973 | -€5,988 | -35.3% |
| Tangible fixed assets | 22/27 | €308,342 | €314,580 | +€6,238 | +2.0% |
| Land and buildings | 22 | €290,709 | €282,570 | -€8,139 | -2.8% |
| Plant, machinery and equipment | 23 | €4,079 | €13,346 | +€9,267 | +227.2% |
| Furniture and vehicles | 24 | €13,153 | €18,664 | +€5,511 | +41.9% |
| Leasing and similar rights | 25 | €401 | - | -€401 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €111,548 | €88,751 | -€22,797 | -20.4% |
| Stocks and contracts in progress | 3 | €19,709 | €4,096 | -€15,613 | -79.2% |
| Stocks | 30/36 | €19,709 | €4,096 | -€15,613 | -79.2% |
| Amounts receivable within one year | 40/41 | €29,920 | €47,950 | +€18,029 | +60.3% |
| Trade receivables | 40 | €16,959 | €34,061 | +€17,101 | +100.8% |
| Other amounts receivable | 41 | €12,961 | €13,889 | +€928 | +7.2% |
| Cash at bank and in hand | 54/58 | €54,008 | €26,441 | -€27,568 | -51.0% |
| Deferred charges and accrued income | 490/1 | €7,910 | €10,264 | +€2,355 | +29.8% |
| Total equity and liabilities | 10/49 | €436,890 | €414,343 | -€22,546 | -5.2% |
| Equity | 10/15 | €141,200 | €202,411 | +€61,211 | +43.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,600 | €183,811 | +€61,211 | +49.9% |
| Distributable reserves | 133 | €122,600 | €183,811 | +€61,211 | +49.9% |
| Amounts payable | 17/49 | €295,689 | €211,932 | -€83,757 | -28.3% |
| Amounts payable after more than one year | 17 | €161,337 | €137,391 | -€23,947 | -14.8% |
| Financial debts | 170/4 | €161,337 | €137,391 | -€23,947 | -14.8% |
| Amounts payable within one year | 42/48 | €134,352 | €74,541 | -€59,811 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €27,316 | €23,947 | -€3,369 | -12.3% |
| Trade debts | 44 | €47,579 | €19,720 | -€27,860 | -58.6% |
| Suppliers | 440/4 | €47,579 | €19,720 | -€27,860 | -58.6% |
| Taxes, remuneration and social security | 45 | €9,280 | €22,342 | +€13,062 | +140.7% |
| Taxes | 450/3 | €60 | €17,574 | +€17,515 | +29406.5% |
| Remuneration and social security | 454/9 | €9,221 | €4,768 | -€4,453 | -48.3% |
| Other amounts payable | 47/48 | €50,177 | €8,533 | -€41,644 | -83.0% |
| Remuneration, social security and pensions | 62 | €120,307 | €92,374 | -€27,933 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,503 | €20,953 | -€6,550 | -23.8% |
| Other operating charges | 640/8 | €2,617 | €7,371 | +€4,754 | +181.7% |
| Gross operating margin | 9900 | €173,226 | €219,113 | +€45,886 | +26.5% |
| Operating profit (loss) | 9901 | €22,799 | €98,415 | +€75,615 | +331.7% |
| Financial income | 75/76B | €681 | €39 | -€642 | -94.3% |
| Recurring financial income | 75 | €681 | €39 | -€642 | -94.3% |
| Financial charges | 65/66B | €5,704 | €9,185 | +€3,481 | +61.0% |
| Recurring financial charges | 65 | €5,704 | €4,713 | -€991 | -17.4% |
| Non-recurring financial charges | 66B | - | €4,472 | +€4,472 | |
| Profit (loss) for the period before taxes | 9903 | €17,776 | €89,269 | +€71,492 | +402.2% |
| Income taxes | 67/77 | €9,708 | €28,058 | +€18,349 | +189.0% |
| Profit (loss) for the period | 9904 | €8,068 | €61,211 | +€53,143 | +658.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,068 | €61,211 | +€53,143 | +658.7% |
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 5 October 2026 via checked.be.