BENNAETS Pascal: 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.
BENNAETS Pascal
Largest movements
- Receivables within one year +€49,418
up €49,418 (+40.1%), from €123,152 to €172,570
of which Other amounts receivable: +€49,146
- Intangible fixed assets -€11,429
no longer reported in 2025 (was €11,429)
- Reserves +€59,370
up €59,370 (+27.7%), from €214,060 to €273,430
- Tax, wage and social debts -€16,637
down €16,637 (-36.3%), from €45,790 to €29,153
- Debts after one year -€7,192
no longer reported in 2025 (was €7,192)
- Gross operating margin +€6,996
up €6,996 (+7.3%), from €96,262 to €103,258
- Other operating charges +€5,465
up €5,465 (+699.1%), from €782 to €6,246
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 | €312,234 | €348,619 | +€36,386 | +11.7% |
| Formation expenses | 20 | €1,027 | €767 | -€260 | -25.3% |
| Fixed assets | 21/28 | €11,577 | €1,523 | -€10,054 | -86.8% |
| Intangible fixed assets | 21 | €11,429 | - | -€11,429 | |
| Tangible fixed assets | 22/27 | €98 | €1,473 | +€1,375 | +1403.3% |
| Furniture and vehicles | 24 | €98 | €1,473 | +€1,375 | +1403.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €299,630 | €346,329 | +€46,699 | +15.6% |
| Amounts receivable after more than one year | 29 | €165,741 | €165,741 | = | 0.0% |
| Other amounts receivable | 291 | €165,741 | €165,741 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,152 | €172,570 | +€49,418 | +40.1% |
| Trade receivables | 40 | €16,374 | €16,646 | +€273 | +1.7% |
| Other amounts receivable | 41 | €106,778 | €155,924 | +€49,146 | +46.0% |
| Cash at bank and in hand | 54/58 | €9,833 | €6,992 | -€2,842 | -28.9% |
| Deferred charges and accrued income | 490/1 | €904 | €1,026 | +€123 | +13.6% |
| Total equity and liabilities | 10/49 | €312,234 | €348,619 | +€36,386 | +11.7% |
| Equity | 10/15 | €244,490 | €303,860 | +€59,370 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €214,060 | €273,430 | +€59,370 | +27.7% |
| Distributable reserves | 133 | €214,060 | €273,430 | +€59,370 | +27.7% |
| Profit (loss) carried forward | 14 | €24,230 | €24,230 | = | 0.0% |
| Amounts payable | 17/49 | €67,744 | €44,760 | -€22,984 | -33.9% |
| Amounts payable after more than one year | 17 | €7,192 | - | -€7,192 | |
| Financial debts | 170/4 | €7,192 | - | -€7,192 | |
| Amounts payable within one year | 42/48 | €60,551 | €44,760 | -€15,792 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €12,098 | €13,944 | +€1,846 | +15.3% |
| Trade debts | 44 | €2,664 | €1,663 | -€1,001 | -37.6% |
| Suppliers | 440/4 | €2,664 | €1,663 | -€1,001 | -37.6% |
| Taxes, remuneration and social security | 45 | €45,790 | €29,153 | -€16,637 | -36.3% |
| Taxes | 450/3 | €45,790 | €29,153 | -€16,637 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,090 | €12,232 | +€142 | +1.2% |
| Other operating charges | 640/8 | €782 | €6,246 | +€5,465 | +699.1% |
| Gross operating margin | 9900 | €96,262 | €103,258 | +€6,996 | +7.3% |
| Operating profit (loss) | 9901 | €83,390 | €84,779 | +€1,389 | +1.7% |
| Financial income | 75/76B | €0 | €4 | +€4 | +20000.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +20000.0% |
| Financial charges | 65/66B | €933 | €1,118 | +€185 | +19.8% |
| Recurring financial charges | 65 | €933 | €1,118 | +€185 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €82,457 | €83,665 | +€1,209 | +1.5% |
| Income taxes | 67/77 | €24,858 | €24,296 | -€563 | -2.3% |
| Profit (loss) for the period | 9904 | €57,598 | €59,370 | +€1,771 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,598 | €59,370 | +€1,771 | +3.1% |
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 28 September 2026 via checked.be.