BENLI: 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.
BENLI
Largest movements
- Tangible fixed assets -€285,427
down €285,427 (-31.2%), from €915,425 to €629,998
of which Leasing and similar rights: -€266,808
- Cash +€116,088
up €116,088 (+161.9%), from €71,710 to €187,798
mainly Net result for the year (+€360,135) and Depreciation (+€275,565)
- Receivables within one year +€73,513
up €73,513 (+8.5%), from €861,683 to €935,197
of which Other amounts receivable: +€70,133
- Stocks and contracts -€50,500
down €50,500 (-16.6%), from €305,000 to €254,500
- Debts after one year -€354,517
down €354,517 (-43.3%), from €817,863 to €463,346
- Reserves +€200,135
up €200,135 (+34.0%), from €588,689 to €788,824
of which Distributable reserves: +€200,135
- Other debts -€71,429
down €71,429 (-100.0%), from €71,429 to €0
- Trade debts +€51,480
up €51,480 (+22.8%), from €225,557 to €277,037
- Current portion of long-term debt +€50,373
up €50,373 (+18.7%), from €269,715 to €320,088
- Staff costs +€789,825
up €789,825 (+69.4%), from €1.1m to €1.9m
- Gross operating margin +€784,458
up €784,458 (+39.7%), from €2.0m to €2.8m
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 | €2,461,954 | €2,341,292 | -€120,662 | -4.9% |
| Fixed assets | 21/28 | €929,983 | €654,757 | -€275,227 | -29.6% |
| Tangible fixed assets | 22/27 | €915,425 | €629,998 | -€285,427 | -31.2% |
| Plant, machinery and equipment | 23 | €24,650 | €27,008 | +€2,358 | +9.6% |
| Furniture and vehicles | 24 | €105,852 | €84,876 | -€20,976 | -19.8% |
| Leasing and similar rights | 25 | €784,922 | €518,114 | -€266,808 | -34.0% |
| Financial fixed assets | 28 | €14,559 | €24,759 | +€10,200 | +70.1% |
| Current assets | 29/58 | €1,531,970 | €1,686,535 | +€154,565 | +10.1% |
| Amounts receivable after more than one year | 29 | €286,732 | €301,248 | +€14,516 | +5.1% |
| Other amounts receivable | 291 | €286,732 | €301,248 | +€14,516 | +5.1% |
| Stocks and contracts in progress | 3 | €305,000 | €254,500 | -€50,500 | -16.6% |
| Contracts in progress | 37 | €305,000 | €254,500 | -€50,500 | -16.6% |
| Amounts receivable within one year | 40/41 | €861,683 | €935,197 | +€73,513 | +8.5% |
| Trade receivables | 40 | €258,294 | €261,675 | +€3,380 | +1.3% |
| Other amounts receivable | 41 | €603,389 | €673,522 | +€70,133 | +11.6% |
| Cash at bank and in hand | 54/58 | €71,710 | €187,798 | +€116,088 | +161.9% |
| Deferred charges and accrued income | 490/1 | €6,845 | €7,793 | +€948 | +13.8% |
| Total equity and liabilities | 10/49 | €2,461,954 | €2,341,292 | -€120,662 | -4.9% |
| Equity | 10/15 | €633,689 | €833,824 | +€200,135 | +31.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €588,689 | €788,824 | +€200,135 | +34.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €584,189 | €784,324 | +€200,135 | +34.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,828,265 | €1,507,468 | -€320,797 | -17.5% |
| Amounts payable after more than one year | 17 | €817,863 | €463,346 | -€354,517 | -43.3% |
| Financial debts | 170/4 | €817,863 | €463,346 | -€354,517 | -43.3% |
| Amounts payable within one year | 42/48 | €1,010,402 | €1,043,859 | +€33,457 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €269,715 | €320,088 | +€50,373 | +18.7% |
| Financial debts | 43 | €42,779 | €317 | -€42,462 | -99.3% |
| Credit institutions | 430/8 | €42,779 | €0 | -€42,779 | -100.0% |
| Other loans | 439 | - | €317 | +€317 | |
| Trade debts | 44 | €225,557 | €277,037 | +€51,480 | +22.8% |
| Suppliers | 440/4 | €225,557 | €277,037 | +€51,480 | +22.8% |
| Advances received on contracts in progress | 46 | €12,073 | €12,073 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €388,849 | €434,344 | +€45,495 | +11.7% |
| Taxes | 450/3 | €232,057 | €286,562 | +€54,505 | +23.5% |
| Remuneration and social security | 454/9 | €156,793 | €147,782 | -€9,011 | -5.7% |
| Other amounts payable | 47/48 | €71,429 | €0 | -€71,429 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €263 | +€263 | |
| Non-recurring operating income | 76A | €60,000 | €19,305 | -€40,695 | -67.8% |
| Remuneration, social security and pensions | 62 | €1,137,670 | €1,927,495 | +€789,825 | +69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,825 | €275,565 | -€2,260 | -0.8% |
| Other operating charges | 640/8 | €19,421 | €29,319 | +€9,899 | +51.0% |
| Non-recurring operating charges | 66A | €2,352 | €0 | -€2,352 | -100.0% |
| Gross operating margin | 9900 | €1,975,910 | €2,760,369 | +€784,458 | +39.7% |
| Operating profit (loss) | 9901 | €538,643 | €527,990 | -€10,653 | -2.0% |
| Financial income | 75/76B | €19,396 | €32,942 | +€13,546 | +69.8% |
| Recurring financial income | 75 | €19,396 | €32,942 | +€13,546 | +69.8% |
| Financial charges | 65/66B | €88,415 | €70,078 | -€18,337 | -20.7% |
| Recurring financial charges | 65 | €88,415 | €70,078 | -€18,337 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €469,624 | €490,854 | +€21,230 | +4.5% |
| Income taxes | 67/77 | €135,464 | €130,719 | -€4,745 | -3.5% |
| Profit (loss) for the period | 9904 | €334,161 | €360,135 | +€25,974 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €334,161 | €360,135 | +€25,974 | +7.8% |
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 11 October 2026 via checked.be.