BENOIT CAVELIER CONSTRUCTION: 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.
BENOIT CAVELIER CONSTRUCTION
Largest movements
- Receivables within one year -€96,723
down €96,723 (-41.8%), from €231,257 to €134,534
of which Trade receivables: -€77,759
- Tangible fixed assets -€21,865
down €21,865 (-16.6%), from €131,971 to €110,106
of which Plant, machinery and equipment: -€13,598
- Cash +€4,432
up €4,432 (+3,635%), from €122 to €4,554
mainly Receivables within one year (+€96,723) and Depreciation (+€33,336)
- Trade debts -€40,395
down €40,395 (-29.1%), from €139,036 to €98,641
- Tax, wage and social debts -€40,025
down €40,025 (-78.8%), from €50,779 to €10,754
of which Remuneration and social security: -€29,092
- Advances received -€40,000
no longer reported in 2025 (was €40,000)
- Debts after one year -€31,809
down €31,809 (-36.3%), from €87,728 to €55,919
- Reserves +€25,000
new in 2025: €25,000
- Staff costs -€94,481
down €94,481 (-37.1%), from €254,445 to €159,964
- Gross operating margin -€64,742
down €64,742 (-21.3%), from €303,990 to €239,248
- Taxes +€5,966
up €5,966 (+716%), from €834 to €6,799
- Financial charges -€5,801
down €5,801 (-49.9%), from €11,624 to €5,823
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 | €372,347 | €257,615 | -€114,731 | -30.8% |
| Formation expenses | 20 | €2,228 | €1,723 | -€505 | -22.7% |
| Fixed assets | 21/28 | €134,630 | €112,245 | -€22,385 | -16.6% |
| Intangible fixed assets | 21 | €2,081 | €1,561 | -€520 | -25.0% |
| Tangible fixed assets | 22/27 | €131,971 | €110,106 | -€21,865 | -16.6% |
| Plant, machinery and equipment | 23 | €57,888 | €44,290 | -€13,598 | -23.5% |
| Furniture and vehicles | 24 | €74,083 | €65,817 | -€8,267 | -11.2% |
| Financial fixed assets | 28 | €578 | €578 | = | 0.0% |
| Current assets | 29/58 | €235,489 | €143,647 | -€91,841 | -39.0% |
| Amounts receivable within one year | 40/41 | €231,257 | €134,534 | -€96,723 | -41.8% |
| Trade receivables | 40 | €129,176 | €51,417 | -€77,759 | -60.2% |
| Other amounts receivable | 41 | €102,081 | €83,117 | -€18,964 | -18.6% |
| Cash at bank and in hand | 54/58 | €122 | €4,554 | +€4,432 | +3,635% |
| Deferred charges and accrued income | 490/1 | €4,110 | €4,560 | +€450 | +11.0% |
| Total equity and liabilities | 10/49 | €372,347 | €257,615 | -€114,731 | -30.8% |
| Equity | 10/15 | €9,389 | €37,909 | +€28,520 | +304% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | -€611 | €2,909 | +€3,520 | |
| Amounts payable | 17/49 | €362,957 | €219,706 | -€143,251 | -39.5% |
| Amounts payable after more than one year | 17 | €87,728 | €55,919 | -€31,809 | -36.3% |
| Financial debts | 170/4 | €87,728 | €55,919 | -€31,809 | -36.3% |
| Amounts payable within one year | 42/48 | €274,985 | €163,788 | -€111,198 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €32,391 | €31,809 | -€582 | -1.8% |
| Trade debts | 44 | €139,036 | €98,641 | -€40,395 | -29.1% |
| Suppliers | 440/4 | €139,036 | €98,641 | -€40,395 | -29.1% |
| Advances received on contracts in progress | 46 | €40,000 | - | -€40,000 | |
| Taxes, remuneration and social security | 45 | €50,779 | €10,754 | -€40,025 | -78.8% |
| Taxes | 450/3 | €18,726 | €7,793 | -€10,933 | -58.4% |
| Remuneration and social security | 454/9 | €32,053 | €2,961 | -€29,092 | -90.8% |
| Other amounts payable | 47/48 | €12,779 | €22,583 | +€9,804 | +76.7% |
| Accrued charges and deferred income | 492/3 | €244 | - | -€244 | |
| Non-recurring operating income | 76A | €2,328 | €2,900 | +€572 | +24.6% |
| Remuneration, social security and pensions | 62 | €254,445 | €159,964 | -€94,481 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,817 | €33,336 | -€2,481 | -6.9% |
| Other operating charges | 640/8 | €761 | €1,656 | +€895 | +118% |
| Non-recurring operating charges | 66A | €4,000 | €6,789 | +€2,789 | +69.7% |
| Gross operating margin | 9900 | €303,990 | €239,248 | -€64,742 | -21.3% |
| Operating profit (loss) | 9901 | €8,967 | €37,503 | +€28,536 | +318% |
| Financial income | 75/76B | €2,880 | €3,638 | +€758 | +26.3% |
| Recurring financial income | 75 | €2,880 | €3,638 | +€758 | +26.3% |
| Financial charges | 65/66B | €11,624 | €5,823 | -€5,801 | -49.9% |
| Recurring financial charges | 65 | €11,624 | €5,823 | -€5,801 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €223 | €35,319 | +€35,096 | +15,739% |
| Income taxes | 67/77 | €834 | €6,799 | +€5,966 | +716% |
| Profit (loss) for the period | 9904 | -€611 | €28,520 | +€29,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€611 | €28,520 | +€29,130 |
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 30 October 2026 via checked.be.