BENITRA: 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.
BENITRA
Largest movements
- Stocks and contracts +€803,578
up €803,578 (+23.7%), from €3.4m to €4.2m
- Receivables within one year +€715,171
up €715,171 (+44.9%), from €1.6m to €2.3m
of which Other amounts receivable: +€395,685
- Other debts +€1.2m
up €1.2m (+95.7%), from €1.3m to €2.5m
- Reserves +€404,079
up €404,079 (+12.6%), from €3.2m to €3.6m
of which Distributable reserves: +€404,079
- Trade debts -€186,251
down €186,251 (-15.5%), from €1.2m to €1.0m
- Gross operating margin +€509,984
up €509,984 (+120%), from €425,473 to €935,457
- Write-downs +€271,656
new in 2025: €271,656
- Staff costs -€49,824
down €49,824 (-52.8%), from €94,372 to €44,548
- Financial charges +€48,565
up €48,565 (+67.3%), from €72,153 to €120,719
- Taxes +€46,957
up €46,957 (+86.4%), from €54,355 to €101,312
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.
Derived cash bridge
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 | €5,999,078 | €7,434,537 | +€1.4m | +23.9% |
| Fixed assets | 21/28 | €772,125 | €699,002 | -€73,124 | -9.5% |
| Tangible fixed assets | 22/27 | €772,125 | €699,002 | -€73,124 | -9.5% |
| Land and buildings | 22 | €555,728 | €527,163 | -€28,565 | -5.1% |
| Furniture and vehicles | 24 | €162,398 | €122,339 | -€40,059 | -24.7% |
| Other tangible fixed assets | 26 | €54,000 | €49,500 | -€4,500 | -8.3% |
| Current assets | 29/58 | €5,226,953 | €6,735,535 | +€1.5m | +28.9% |
| Stocks and contracts in progress | 3 | €3,389,985 | €4,193,563 | +€803,578 | +23.7% |
| Stocks | 30/36 | €3,389,985 | €4,193,563 | +€803,578 | +23.7% |
| Amounts receivable within one year | 40/41 | €1,593,420 | €2,308,591 | +€715,171 | +44.9% |
| Trade receivables | 40 | €1,470,550 | €1,790,036 | +€319,486 | +21.7% |
| Other amounts receivable | 41 | €122,870 | €518,555 | +€395,685 | +322% |
| Cash at bank and in hand | 54/58 | €205,903 | €213,741 | +€7,838 | +3.8% |
| Deferred charges and accrued income | 490/1 | €37,644 | €19,640 | -€18,004 | -47.8% |
| Total equity and liabilities | 10/49 | €5,999,078 | €7,434,537 | +€1.4m | +23.9% |
| Equity | 10/15 | €3,497,546 | €3,874,641 | +€377,096 | +10.8% |
| Contributions | 10/11 | €296,822 | €269,839 | -€26,984 | -9.1% |
| Reserves | 13 | €3,200,723 | €3,604,803 | +€404,079 | +12.6% |
| Tax-exempt reserves | 132 | €694,650 | €694,650 | = | 0.0% |
| Distributable reserves | 133 | €2,506,073 | €2,910,153 | +€404,079 | +16.1% |
| Amounts payable | 17/49 | €2,501,532 | €3,559,895 | +€1.1m | +42.3% |
| Amounts payable within one year | 42/48 | €2,501,532 | €3,553,232 | +€1.1m | +42.0% |
| Trade debts | 44 | €1,198,695 | €1,012,444 | -€186,251 | -15.5% |
| Suppliers | 440/4 | €1,198,695 | €1,012,444 | -€186,251 | -15.5% |
| Taxes, remuneration and social security | 45 | €10,002 | €10,377 | +€374 | +3.7% |
| Taxes | 450/3 | €10,002 | €10,377 | +€374 | +3.7% |
| Other amounts payable | 47/48 | €1,292,835 | €2,530,411 | +€1.2m | +95.7% |
| Accrued charges and deferred income | 492/3 | - | €6,664 | +€6,664 | |
| Remuneration, social security and pensions | 62 | €94,372 | €44,548 | -€49,824 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,103 | €80,435 | +€5,332 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €271,656 | +€271,656 | |
| Other operating charges | 640/8 | €8,073 | €9,366 | +€1,293 | +16.0% |
| Gross operating margin | 9900 | €425,473 | €935,457 | +€509,984 | +120% |
| Operating profit (loss) | 9901 | €247,926 | €529,452 | +€281,526 | +114% |
| Financial income | 75/76B | €36,113 | €69,674 | +€33,561 | +92.9% |
| Recurring financial income | 75 | €36,113 | €69,674 | +€33,561 | +92.9% |
| Financial charges | 65/66B | €72,153 | €120,719 | +€48,565 | +67.3% |
| Recurring financial charges | 65 | €72,153 | €120,719 | +€48,565 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €211,886 | €478,407 | +€266,522 | +126% |
| Income taxes | 67/77 | €54,355 | €101,312 | +€46,957 | +86.4% |
| Profit (loss) for the period | 9904 | €157,530 | €377,096 | +€219,565 | +139% |
| Transfer from tax-exempt reserves | 789 | - | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,530 | €545,496 | +€387,965 | +246% |
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 15 October 2026 via checked.be.