BENODIS: 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.
BENODIS
Largest movements
- Tangible fixed assets -€50,207
down €50,207 (-6.3%), from €792,383 to €742,176
of which Land and buildings: -€55,366
- Cash +€24,724
up €24,724 (+76.8%), from €32,188 to €56,912
mainly Depreciation (+€60,441) and Receivables within one year (+€21,651)
- Receivables within one year -€21,651
down €21,651 (-34.3%), from €63,199 to €41,547
of which Trade receivables: -€21,404
- Trade debts -€29,130
down €29,130 (-90.2%), from €32,286 to €3,156
- Gross operating margin -€221,627
down €221,627 (-80.5%), from €275,202 to €53,575
- Taxes -€52,023
down €52,023 (-99.9%), from €52,080 to €57
- Depreciation -€4,463
down €4,463 (-6.9%), from €64,904 to €60,441
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 | €1,418,354 | €1,369,439 | -€48,915 | -3.4% |
| Fixed assets | 21/28 | €792,483 | €742,276 | -€50,207 | -6.3% |
| Tangible fixed assets | 22/27 | €792,383 | €742,176 | -€50,207 | -6.3% |
| Land and buildings | 22 | €773,025 | €717,659 | -€55,366 | -7.2% |
| Plant, machinery and equipment | 23 | €4,353 | €12,191 | +€7,838 | +180.0% |
| Furniture and vehicles | 24 | €12,723 | €10,425 | -€2,298 | -18.1% |
| Other tangible fixed assets | 26 | €2,281 | €1,901 | -€380 | -16.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €625,871 | €627,163 | +€1,292 | +0.2% |
| Stocks and contracts in progress | 3 | €518,985 | €518,985 | = | 0.0% |
| Contracts in progress | 37 | €518,985 | €518,985 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,199 | €41,547 | -€21,651 | -34.3% |
| Trade receivables | 40 | €62,951 | €41,547 | -€21,404 | -34.0% |
| Other amounts receivable | 41 | €248 | €0 | -€248 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,188 | €56,912 | +€24,724 | +76.8% |
| Deferred charges and accrued income | 490/1 | €11,500 | €9,719 | -€1,781 | -15.5% |
| Total equity and liabilities | 10/49 | €1,418,354 | €1,369,439 | -€48,915 | -3.4% |
| Equity | 10/15 | €705,545 | €693,313 | -€12,232 | -1.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €644,045 | €631,813 | -€12,232 | -1.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €637,895 | €625,663 | -€12,232 | -1.9% |
| Amounts payable | 17/49 | €712,809 | €676,126 | -€36,683 | -5.1% |
| Amounts payable within one year | 42/48 | €712,734 | €676,118 | -€36,617 | -5.1% |
| Trade debts | 44 | €32,286 | €3,156 | -€29,130 | -90.2% |
| Suppliers | 440/4 | €32,286 | €3,156 | -€29,130 | -90.2% |
| Taxes, remuneration and social security | 45 | €5,878 | €2,226 | -€3,652 | -62.1% |
| Taxes | 450/3 | €5,878 | €2,226 | -€3,652 | -62.1% |
| Other amounts payable | 47/48 | €674,571 | €670,735 | -€3,835 | -0.6% |
| Accrued charges and deferred income | 492/3 | €75 | €9 | -€66 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,904 | €60,441 | -€4,463 | -6.9% |
| Other operating charges | 640/8 | €4,023 | €4,059 | +€36 | +0.9% |
| Gross operating margin | 9900 | €275,202 | €53,575 | -€221,627 | -80.5% |
| Operating profit (loss) | 9901 | €206,274 | -€10,925 | -€217,200 | |
| Financial income | 75/76B | €278 | €132 | -€146 | -52.7% |
| Recurring financial income | 75 | €278 | €132 | -€146 | -52.7% |
| Financial charges | 65/66B | €1,439 | €1,381 | -€58 | -4.0% |
| Recurring financial charges | 65 | €1,439 | €1,381 | -€58 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €205,114 | -€12,175 | -€217,288 | |
| Income taxes | 67/77 | €52,080 | €57 | -€52,023 | -99.9% |
| Profit (loss) for the period | 9904 | €153,034 | -€12,232 | -€165,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,034 | -€12,232 | -€165,266 |
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 4 October 2026 via checked.be.