BENISON: 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.
BENISON
Largest movements
- Receivables within one year -€44,308
down €44,308 (-54.9%), from €80,725 to €36,418
of which Trade receivables: -€55,342
- Cash +€3,674
up €3,674 (+8.3%), from €44,512 to €48,186
mainly Receivables within one year (+€44,308) and Trade debts (+€1,882)
- Reserves -€41,007
down €41,007 (-50.9%), from €80,543 to €39,536
- Tax, wage and social debts -€2,235
down €2,235 (-93.6%), from €2,388 to €154
- Trade debts +€1,882
up €1,882 (+7.7%), from €24,409 to €26,290
- Write-downs +€47,610
new in 2026: €47,610
- Gross operating margin +€1,796
up €1,796 (+17.1%), from €10,526 to €12,322
- Taxes -€1,338
down €1,338 (-90.5%), from €1,478 to €140
- Financial charges +€568
up €568 (+12.0%), from €4,749 to €5,318
- Financial income -€253
down €253 (-99.9%), from €253 to €0
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,137 | €85,777 | -€41,360 | -32.5% |
| Current assets | 29/58 | €127,137 | €85,777 | -€41,360 | -32.5% |
| Amounts receivable within one year | 40/41 | €80,725 | €36,418 | -€44,308 | -54.9% |
| Trade receivables | 40 | €80,725 | €25,384 | -€55,342 | -68.6% |
| Other amounts receivable | 41 | - | €11,034 | +€11,034 | |
| Cash at bank and in hand | 54/58 | €44,512 | €48,186 | +€3,674 | +8.3% |
| Deferred charges and accrued income | 490/1 | €1,899 | €1,174 | -€726 | -38.2% |
| Total equity and liabilities | 10/49 | €127,137 | €85,777 | -€41,360 | -32.5% |
| Equity | 10/15 | €86,743 | €45,736 | -€41,007 | -47.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,543 | €39,536 | -€41,007 | -50.9% |
| Distributable reserves | 133 | €80,543 | €39,536 | -€41,007 | -50.9% |
| Amounts payable | 17/49 | €40,394 | €40,041 | -€353 | -0.9% |
| Amounts payable within one year | 42/48 | €40,394 | €40,041 | -€353 | -0.9% |
| Trade debts | 44 | €24,409 | €26,290 | +€1,882 | +7.7% |
| Suppliers | 440/4 | €24,409 | €26,290 | +€1,882 | +7.7% |
| Taxes, remuneration and social security | 45 | €2,388 | €154 | -€2,235 | -93.6% |
| Taxes | 450/3 | €2,388 | €154 | -€2,235 | -93.6% |
| Other amounts payable | 47/48 | €13,597 | €13,597 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,610 | +€47,610 | |
| Other operating charges | 640/8 | €62 | €262 | +€200 | +323% |
| Gross operating margin | 9900 | €10,526 | €12,322 | +€1,796 | +17.1% |
| Operating profit (loss) | 9901 | €10,464 | -€35,549 | -€46,014 | |
| Financial income | 75/76B | €253 | €0 | -€253 | -99.9% |
| Recurring financial income | 75 | €253 | €0 | -€253 | -99.9% |
| Financial charges | 65/66B | €4,749 | €5,318 | +€568 | +12.0% |
| Recurring financial charges | 65 | €4,749 | €5,318 | +€568 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €5,968 | -€40,867 | -€46,835 | |
| Income taxes | 67/77 | €1,478 | €140 | -€1,338 | -90.5% |
| Profit (loss) for the period | 9904 | €4,491 | -€41,007 | -€45,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,491 | -€41,007 | -€45,497 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.