BENKHAPO: 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.
BENKHAPO
Largest movements
- Receivables within one year +€155,895
up €155,895 (+276%), from €56,396 to €212,292
of which Other amounts receivable: +€119,114
- Cash -€139,352
down €139,352 (-61.3%), from €227,203 to €87,851
mainly Receivables within one year (-€155,895) and Investment in fixed assets (net) (-€38,857)
- Tangible fixed assets +€27,042
up €27,042 (+168%), from €16,067 to €43,109
of which Plant, machinery and equipment: +€28,598
- Stocks and contracts +€4,590
up €4,590 (+32.1%), from €14,294 to €18,884
- Deferred charges and accrued income -€4,049
no longer reported in 2024 (was €4,049)
- Trade debts +€18,722
up €18,722 (+11.1%), from €168,938 to €187,660
- Profit (loss) carried forward +€14,580
up €14,580 (+68.0%), from €21,441 to €36,021
- Tax, wage and social debts +€10,824
up €10,824 (+37.8%), from €28,600 to €39,423
of which Taxes: +€9,834
- Depreciation +€8,501
up €8,501 (+257%), from €3,314 to €11,815
- Gross operating margin +€6,295
up €6,295 (+5.5%), from €114,859 to €121,153
- Staff costs +€3,684
up €3,684 (+5.0%), from €73,933 to €77,617
- Other operating charges +€1,762
up €1,762 (+36.1%), from €4,878 to €6,641
- Taxes -€1,500
down €1,500 (-13.6%), from €11,000 to €9,500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,619 | €364,745 | +€44,126 | +13.8% |
| Fixed assets | 21/28 | €18,677 | €45,719 | +€27,042 | +145% |
| Tangible fixed assets | 22/27 | €16,067 | €43,109 | +€27,042 | +168% |
| Plant, machinery and equipment | 23 | €5,846 | €34,444 | +€28,598 | +489% |
| Furniture and vehicles | 24 | €10,221 | €8,666 | -€1,556 | -15.2% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €301,942 | €319,026 | +€17,084 | +5.7% |
| Stocks and contracts in progress | 3 | €14,294 | €18,884 | +€4,590 | +32.1% |
| Stocks | 30/36 | €14,294 | €18,884 | +€4,590 | +32.1% |
| Amounts receivable within one year | 40/41 | €56,396 | €212,292 | +€155,895 | +276% |
| Trade receivables | 40 | €51,977 | €88,759 | +€36,782 | +70.8% |
| Other amounts receivable | 41 | €4,419 | €123,533 | +€119,114 | +2,696% |
| Cash at bank and in hand | 54/58 | €227,203 | €87,851 | -€139,352 | -61.3% |
| Deferred charges and accrued income | 490/1 | €4,049 | - | -€4,049 | |
| Total equity and liabilities | 10/49 | €320,619 | €364,745 | +€44,126 | +13.8% |
| Equity | 10/15 | €123,082 | €137,662 | +€14,580 | +11.8% |
| Contributions | 10/11 | €8,684 | €8,684 | = | 0.0% |
| Reserves | 13 | €92,956 | €92,956 | = | 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 | €91,096 | €91,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,441 | €36,021 | +€14,580 | +68.0% |
| Amounts payable | 17/49 | €197,538 | €227,084 | +€29,546 | +15.0% |
| Amounts payable within one year | 42/48 | €197,538 | €227,084 | +€29,546 | +15.0% |
| Trade debts | 44 | €168,938 | €187,660 | +€18,722 | +11.1% |
| Suppliers | 440/4 | €168,938 | €187,660 | +€18,722 | +11.1% |
| Taxes, remuneration and social security | 45 | €28,600 | €39,423 | +€10,824 | +37.8% |
| Taxes | 450/3 | €17,567 | €27,402 | +€9,834 | +56.0% |
| Remuneration and social security | 454/9 | €11,032 | €12,022 | +€989 | +9.0% |
| Remuneration, social security and pensions | 62 | €73,933 | €77,617 | +€3,684 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,314 | €11,815 | +€8,501 | +257% |
| Other operating charges | 640/8 | €4,878 | €6,641 | +€1,762 | +36.1% |
| Gross operating margin | 9900 | €114,859 | €121,153 | +€6,295 | +5.5% |
| Operating profit (loss) | 9901 | €32,734 | €25,081 | -€7,653 | -23.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -94.9% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -94.9% |
| Financial charges | 65/66B | €294 | €1,000 | +€706 | +240% |
| Recurring financial charges | 65 | €294 | €1,000 | +€706 | +240% |
| Profit (loss) for the period before taxes | 9903 | €32,441 | €24,080 | -€8,361 | -25.8% |
| Income taxes | 67/77 | €11,000 | €9,500 | -€1,500 | -13.6% |
| Profit (loss) for the period | 9904 | €21,441 | €14,580 | -€6,861 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,441 | €14,580 | -€6,861 | -32.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.