BENGICO: 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.
BENGICO
Largest movements
- Cash +€254,493
up €254,493 (+174.2%), from €146,134 to €400,627
mainly Current investments (+€130,000) and Net result for the year (+€115,904)
- Current investments -€130,000
down €130,000 (-100.0%), from €130,000 to €0
- Tangible fixed assets +€15,408
up €15,408 (+307.8%), from €5,006 to €20,414
of which Plant, machinery and equipment: +€13,959
- Receivables within one year -€5,878
down €5,878 (-8.6%), from €68,607 to €62,729
of which Trade receivables: -€5,349
- Other debts +€79,429
up €79,429 (+124.9%), from €63,608 to €143,037
- Accrued charges and deferred income +€32,825
up €32,825 (+1479.4%), from €2,219 to €35,044
- Tax, wage and social debts +€30,999
up €30,999 (+42.7%), from €72,544 to €103,543
of which Taxes: +€16,410
- Current portion of long-term debt -€21,914
down €21,914 (-83.1%), from €26,355 to €4,441
- Trade debts +€13,562
up €13,562 (+32.5%), from €41,790 to €55,352
- Staff costs -€21,037
down €21,037 (-7.1%), from €297,789 to €276,752
- Depreciation -€15,269
down €15,269 (-85.5%), from €17,865 to €2,595
- Other operating charges -€5,841
down €5,841 (-73.1%), from €7,986 to €2,145
- Financial income +€5,618
up €5,618 (+346.5%), from €1,621 to €7,239
- Gross operating margin -€4,883
down €4,883 (-1.1%), from €430,243 to €425,360
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 | €358,285 | €491,708 | +€133,422 | +37.2% |
| Fixed assets | 21/28 | €5,216 | €20,624 | +€15,408 | +295.4% |
| Tangible fixed assets | 22/27 | €5,006 | €20,414 | +€15,408 | +307.8% |
| Plant, machinery and equipment | 23 | €5,006 | €18,965 | +€13,959 | +278.9% |
| Furniture and vehicles | 24 | €0 | €1,449 | +€1,449 | |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €353,070 | €471,083 | +€118,014 | +33.4% |
| Stocks and contracts in progress | 3 | €3,131 | €3,329 | +€198 | +6.3% |
| Stocks | 30/36 | €3,131 | €3,329 | +€198 | +6.3% |
| Amounts receivable within one year | 40/41 | €68,607 | €62,729 | -€5,878 | -8.6% |
| Trade receivables | 40 | €19,568 | €14,218 | -€5,349 | -27.3% |
| Other amounts receivable | 41 | €49,039 | €48,511 | -€529 | -1.1% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €146,134 | €400,627 | +€254,493 | +174.2% |
| Deferred charges and accrued income | 490/1 | €5,198 | €4,399 | -€799 | -15.4% |
| Total equity and liabilities | 10/49 | €358,285 | €491,708 | +€133,422 | +37.2% |
| Equity | 10/15 | €147,328 | €150,290 | +€2,963 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,460 | €94,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,600 | €92,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,268 | €37,230 | +€2,963 | +8.6% |
| Amounts payable | 17/49 | €210,957 | €341,417 | +€130,460 | +61.8% |
| Amounts payable after more than one year | 17 | €4,441 | €0 | -€4,441 | -100.0% |
| Financial debts | 170/4 | €4,441 | €0 | -€4,441 | -100.0% |
| Amounts payable within one year | 42/48 | €204,297 | €306,373 | +€102,076 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €26,355 | €4,441 | -€21,914 | -83.1% |
| Trade debts | 44 | €41,790 | €55,352 | +€13,562 | +32.5% |
| Suppliers | 440/4 | €41,790 | €55,352 | +€13,562 | +32.5% |
| Taxes, remuneration and social security | 45 | €72,544 | €103,543 | +€30,999 | +42.7% |
| Taxes | 450/3 | €20,413 | €36,823 | +€16,410 | +80.4% |
| Remuneration and social security | 454/9 | €52,131 | €66,720 | +€14,589 | +28.0% |
| Other amounts payable | 47/48 | €63,608 | €143,037 | +€79,429 | +124.9% |
| Accrued charges and deferred income | 492/3 | €2,219 | €35,044 | +€32,825 | +1479.4% |
| Remuneration, social security and pensions | 62 | €297,789 | €276,752 | -€21,037 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,865 | €2,595 | -€15,269 | -85.5% |
| Other operating charges | 640/8 | €7,986 | €2,145 | -€5,841 | -73.1% |
| Gross operating margin | 9900 | €430,243 | €425,360 | -€4,883 | -1.1% |
| Operating profit (loss) | 9901 | €106,604 | €143,868 | +€37,264 | +35.0% |
| Financial income | 75/76B | €1,621 | €7,239 | +€5,618 | +346.5% |
| Recurring financial income | 75 | €1,621 | €7,239 | +€5,618 | +346.5% |
| Financial charges | 65/66B | €2,669 | €2,514 | -€155 | -5.8% |
| Recurring financial charges | 65 | €2,669 | €2,514 | -€155 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €105,556 | €148,593 | +€43,037 | +40.8% |
| Income taxes | 67/77 | €28,195 | €32,690 | +€4,494 | +15.9% |
| Profit (loss) for the period | 9904 | €77,361 | €115,904 | +€38,542 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,361 | €115,904 | +€38,542 | +49.8% |
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 7 October 2026 via checked.be.