BENICO: what changed
BENICO
Largest movements
- Cash -€17,852
down €17,852 (-92.0%), from €19,408 to €1,556
mainly Net result for the year (-€16,148) and Trade debts (-€8,504)
- Stocks and contracts -€6,489
down €6,489 (-88.7%), from €7,315 to €826
- Receivables within one year -€3,947
down €3,947 (-67.2%), from €5,875 to €1,928
of which Trade receivables: -€2,333
- Intangible fixed assets -€3,569
down €3,569 (-12.2%), from €29,300 to €25,731
- Profit (loss) carried forward -€10,985
new in 2025: -€10,985
- Trade debts -€8,504
down €8,504 (-46.0%), from €18,506 to €10,001
- Current portion of long-term debt -€6,801
down €6,801 (-56.9%), from €11,950 to €5,148
- Reserves -€5,163
no longer reported in 2025 (was €5,163)
- Debts after one year -€5,148
no longer reported in 2025 (was €5,148)
- Gross operating margin -€20,267
down €20,267, from €16,258 to -€4,009
- Write-downs +€6,312
up €6,312 (+3,566%), from €177 to €6,489
- Other operating charges +€265
up €265 (+39.9%), from €665 to €930
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,967 | €30,042 | -€31,924 | -51.5% |
| Fixed assets | 21/28 | €29,300 | €25,731 | -€3,569 | -12.2% |
| Intangible fixed assets | 21 | €29,300 | €25,731 | -€3,569 | -12.2% |
| Current assets | 29/58 | €32,667 | €4,311 | -€28,356 | -86.8% |
| Stocks and contracts in progress | 3 | €7,315 | €826 | -€6,489 | -88.7% |
| Stocks | 30/36 | €7,315 | €826 | -€6,489 | -88.7% |
| Amounts receivable within one year | 40/41 | €5,875 | €1,928 | -€3,947 | -67.2% |
| Trade receivables | 40 | €4,010 | €1,677 | -€2,333 | -58.2% |
| Other amounts receivable | 41 | €1,865 | €251 | -€1,614 | -86.5% |
| Cash at bank and in hand | 54/58 | €19,408 | €1,556 | -€17,852 | -92.0% |
| Deferred charges and accrued income | 490/1 | €69 | - | -€69 | |
| Total equity and liabilities | 10/49 | €61,967 | €30,042 | -€31,924 | -51.5% |
| Equity | 10/15 | €11,363 | -€4,785 | -€16,148 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,163 | - | -€5,163 | |
| Distributable reserves | 133 | €5,163 | - | -€5,163 | |
| Profit (loss) carried forward | 14 | - | -€10,985 | -€10,985 | |
| Amounts payable | 17/49 | €50,603 | €34,827 | -€15,776 | -31.2% |
| Amounts payable after more than one year | 17 | €5,148 | - | -€5,148 | |
| Financial debts | 170/4 | €5,148 | - | -€5,148 | |
| Amounts payable within one year | 42/48 | €45,455 | €34,827 | -€10,628 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €11,950 | €5,148 | -€6,801 | -56.9% |
| Trade debts | 44 | €18,506 | €10,001 | -€8,504 | -46.0% |
| Suppliers | 440/4 | €18,506 | €10,001 | -€8,504 | -46.0% |
| Other amounts payable | 47/48 | €15,000 | €19,678 | +€4,678 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,550 | €3,569 | +€18 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €177 | €6,489 | +€6,312 | +3,566% |
| Other operating charges | 640/8 | €665 | €930 | +€265 | +39.9% |
| Gross operating margin | 9900 | €16,258 | -€4,009 | -€20,267 | |
| Operating profit (loss) | 9901 | €11,866 | -€14,996 | -€26,862 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,310 | €1,152 | -€158 | -12.1% |
| Recurring financial charges | 65 | €1,310 | €1,152 | -€158 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €10,556 | -€16,148 | -€26,704 | |
| Profit (loss) for the period | 9904 | €10,556 | -€16,148 | -€26,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,556 | -€16,148 | -€26,704 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.