BENNY SMETS: 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.
BENNY SMETS
Largest movements
- Cash -€14,080
down €14,080 (-14.0%), from €100,575 to €86,495
mainly Contributions, distributions and other (-€50,147) and Investment in fixed assets (net) (-€15,154)
- Receivables within one year +€11,456
up €11,456 (+12.5%), from €91,705 to €103,161
of which Other amounts receivable: +€10,834
- Tangible fixed assets -€10,660
down €10,660 (-13.0%), from €81,811 to €71,151
of which Furniture and vehicles: -€7,830
- Other debts +€16,185
up €16,185 (+43.6%), from €37,083 to €53,268
- Reserves -€9,269
down €9,269 (-6.5%), from €143,337 to €134,068
- Debts after one year -€9,071
no longer reported in 2025 (was €9,071)
- Current portion of long-term debt -€7,910
down €7,910 (-41.6%), from €19,016 to €11,106
- Trade debts -€5,165
down €5,165 (-11.1%), from €46,572 to €41,407
- Gross operating margin +€3,962
up €3,962 (+4.7%), from €84,245 to €88,206
- Taxes +€1,575
up €1,575 (+11.5%), from €13,739 to €15,315
- Depreciation -€1,525
down €1,525 (-5.6%), from €27,338 to €25,814
- Financial charges -€888
down €888 (-34.5%), from €2,572 to €1,684
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 | €276,919 | €264,570 | -€12,348 | -4.5% |
| Fixed assets | 21/28 | €81,946 | €71,286 | -€10,660 | -13.0% |
| Tangible fixed assets | 22/27 | €81,811 | €71,151 | -€10,660 | -13.0% |
| Land and buildings | 22 | €44,000 | €40,000 | -€4,000 | -9.1% |
| Plant, machinery and equipment | 23 | €12,517 | €14,247 | +€1,730 | +13.8% |
| Furniture and vehicles | 24 | €22,117 | €14,287 | -€7,830 | -35.4% |
| Other tangible fixed assets | 26 | €3,177 | €2,617 | -€560 | -17.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €194,973 | €193,284 | -€1,688 | -0.9% |
| Amounts receivable within one year | 40/41 | €91,705 | €103,161 | +€11,456 | +12.5% |
| Trade receivables | 40 | €88,742 | €89,363 | +€622 | +0.7% |
| Other amounts receivable | 41 | €2,964 | €13,797 | +€10,834 | +366% |
| Cash at bank and in hand | 54/58 | €100,575 | €86,495 | -€14,080 | -14.0% |
| Deferred charges and accrued income | 490/1 | €2,693 | €3,628 | +€936 | +34.7% |
| Total equity and liabilities | 10/49 | €276,919 | €264,570 | -€12,348 | -4.5% |
| Equity | 10/15 | €161,937 | €152,668 | -€9,269 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,337 | €134,068 | -€9,269 | -6.5% |
| Distributable reserves | 133 | €143,337 | €134,068 | -€9,269 | -6.5% |
| Amounts payable | 17/49 | €114,982 | €111,903 | -€3,079 | -2.7% |
| Amounts payable after more than one year | 17 | €9,071 | - | -€9,071 | |
| Financial debts | 170/4 | €9,071 | - | -€9,071 | |
| Amounts payable within one year | 42/48 | €105,911 | €111,558 | +€5,647 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €19,016 | €11,106 | -€7,910 | -41.6% |
| Trade debts | 44 | €46,572 | €41,407 | -€5,165 | -11.1% |
| Suppliers | 440/4 | €46,572 | €41,407 | -€5,165 | -11.1% |
| Taxes, remuneration and social security | 45 | €3,239 | €5,777 | +€2,538 | +78.3% |
| Taxes | 450/3 | €3,239 | €3,245 | +€5 | +0.2% |
| Remuneration and social security | 454/9 | - | €2,532 | +€2,532 | |
| Other amounts payable | 47/48 | €37,083 | €53,268 | +€16,185 | +43.6% |
| Accrued charges and deferred income | 492/3 | - | €345 | +€345 | |
| Non-recurring operating income | 76A | €826 | €550 | -€276 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,338 | €25,814 | -€1,525 | -5.6% |
| Other operating charges | 640/8 | €4,371 | €4,555 | +€184 | +4.2% |
| Gross operating margin | 9900 | €84,245 | €88,206 | +€3,962 | +4.7% |
| Operating profit (loss) | 9901 | €52,536 | €57,838 | +€5,302 | +10.1% |
| Financial income | 75/76B | €37 | €38 | +€1 | +3.6% |
| Recurring financial income | 75 | €37 | €38 | +€1 | +3.6% |
| Financial charges | 65/66B | €2,572 | €1,684 | -€888 | -34.5% |
| Recurring financial charges | 65 | €2,572 | €1,684 | -€888 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €50,000 | €56,192 | +€6,192 | +12.4% |
| Income taxes | 67/77 | €13,739 | €15,315 | +€1,575 | +11.5% |
| Profit (loss) for the period | 9904 | €36,261 | €40,878 | +€4,617 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,261 | €40,878 | +€4,617 | +12.7% |
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 27 October 2026 via checked.be.