BENK LOGISTICS: 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.
BENK LOGISTICS
Largest movements
- Receivables within one year +€37,639
up €37,639 (+322.4%), from €11,673 to €49,313
of which Trade receivables: +€42,597
- Cash -€14,047
down €14,047 (-34.2%), from €41,041 to €26,994
mainly Investment in fixed assets (net) (-€85,312) and Receivables within one year (-€37,639)
- Tangible fixed assets +€7,796
up €7,796 (+4.3%), from €182,294 to €190,089
of which Furniture and vehicles: +€34,511
- Financial fixed assets +€4,862
up €4,862 (+70.6%), from €6,888 to €11,750
- Other debts +€40,900
up €40,900 (+234.4%), from €17,452 to €58,352
- Tax, wage and social debts +€21,000
up €21,000 (+86.5%), from €24,288 to €45,289
of which Taxes: +€15,679
- Debts after one year -€15,239
down €15,239 (-17.4%), from €87,728 to €72,489
- Trade debts -€8,190
down €8,190 (-45.3%), from €18,092 to €9,902
- Current portion of long-term debt -€3,670
down €3,670 (-9.8%), from €37,302 to €33,632
- Staff costs +€94,193
up €94,193 (+89.1%), from €105,691 to €199,884
- Gross operating margin +€92,029
up €92,029 (+40.2%), from €228,947 to €320,975
- Depreciation +€17,477
up €17,477 (+31.7%), from €55,178 to €72,654
- Other operating charges +€8,370
up €8,370 (+26.7%), from €31,318 to €39,688
- Taxes -€6,023
down €6,023 (-77.8%), from €7,747 to €1,724
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 | €242,427 | €278,158 | +€35,731 | +14.7% |
| Fixed assets | 21/28 | €189,182 | €201,839 | +€12,658 | +6.7% |
| Tangible fixed assets | 22/27 | €182,294 | €190,089 | +€7,796 | +4.3% |
| Plant, machinery and equipment | 23 | €8,064 | €6,904 | -€1,160 | -14.4% |
| Furniture and vehicles | 24 | €80,391 | €114,902 | +€34,511 | +42.9% |
| Leasing and similar rights | 25 | €93,839 | €68,284 | -€25,555 | -27.2% |
| Financial fixed assets | 28 | €6,888 | €11,750 | +€4,862 | +70.6% |
| Current assets | 29/58 | €53,245 | €76,319 | +€23,074 | +43.3% |
| Amounts receivable within one year | 40/41 | €11,673 | €49,313 | +€37,639 | +322.4% |
| Trade receivables | 40 | €6,716 | €49,313 | +€42,597 | +634.2% |
| Other amounts receivable | 41 | €4,957 | €0 | -€4,957 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,041 | €26,994 | -€14,047 | -34.2% |
| Deferred charges and accrued income | 490/1 | €531 | €12 | -€519 | -97.8% |
| Total equity and liabilities | 10/49 | €242,427 | €278,158 | +€35,731 | +14.7% |
| Equity | 10/15 | €57,162 | €58,092 | +€931 | +1.6% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €43,162 | €44,092 | +€931 | +2.2% |
| Distributable reserves | 133 | €43,162 | €44,092 | +€931 | +2.2% |
| Amounts payable | 17/49 | €185,265 | €220,066 | +€34,801 | +18.8% |
| Amounts payable after more than one year | 17 | €87,728 | €72,489 | -€15,239 | -17.4% |
| Financial debts | 170/4 | €87,728 | €72,489 | -€15,239 | -17.4% |
| Amounts payable within one year | 42/48 | €97,134 | €147,175 | +€50,040 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €37,302 | €33,632 | -€3,670 | -9.8% |
| Trade debts | 44 | €18,092 | €9,902 | -€8,190 | -45.3% |
| Suppliers | 440/4 | €18,092 | €9,902 | -€8,190 | -45.3% |
| Taxes, remuneration and social security | 45 | €24,288 | €45,289 | +€21,000 | +86.5% |
| Taxes | 450/3 | €16,750 | €32,429 | +€15,679 | +93.6% |
| Remuneration and social security | 454/9 | €7,538 | €12,860 | +€5,321 | +70.6% |
| Other amounts payable | 47/48 | €17,452 | €58,352 | +€40,900 | +234.4% |
| Accrued charges and deferred income | 492/3 | €403 | €403 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €105,691 | €199,884 | +€94,193 | +89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,178 | €72,654 | +€17,477 | +31.7% |
| Other operating charges | 640/8 | €31,318 | €39,688 | +€8,370 | +26.7% |
| Gross operating margin | 9900 | €228,947 | €320,975 | +€92,029 | +40.2% |
| Operating profit (loss) | 9901 | €36,760 | €8,750 | -€28,010 | -76.2% |
| Financial charges | 65/66B | €5,832 | €6,096 | +€263 | +4.5% |
| Recurring financial charges | 65 | €5,832 | €6,096 | +€263 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €30,928 | €2,654 | -€28,274 | -91.4% |
| Income taxes | 67/77 | €7,747 | €1,724 | -€6,023 | -77.8% |
| Profit (loss) for the period | 9904 | €23,181 | €931 | -€22,250 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,181 | €931 | -€22,250 | -96.0% |
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 8 October 2026 via checked.be.