BENOIT SECURITY: 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.
What changed
BENOIT SECURITY
NACE 80.010, Investigation and private security services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €687,431+€918,143
Equity
€4.0m
2024 · €3.0m+€985,574
Cash
€449,514
2024 · €231,694+€217,820
Balance sheet total
€7.5m
2024 · €5.1m+€2.4m
Largest movements
Assets
- Stocks and contracts +€1.9m
up €1.9m (+92.4%), from €2.0m to €3.9m
of which Contracts in progress: +€1.4m
- Tangible fixed assets +€357,613
up €357,613 (+46.4%), from €770,998 to €1.1m
of which Furniture and vehicles: +€280,568
- Cash +€217,820
up €217,820 (+94.0%), from €231,694 to €449,514
mainly Net result for the year (+€1.6m) and Advances received (+€910,847)
- Receivables within one year -€141,853
down €141,853 (-9.7%), from €1.5m to €1.3m
of which Trade receivables: -€191,145
- Intangible fixed assets +€104,594
up €104,594 (+146.9%), from €71,210 to €175,804
Equity and liabilities
- Reserves +€985,574
up €985,574 (+36.4%), from €2.7m to €3.7m
of which Distributable reserves: +€690,874
- Advances received +€910,847
up €910,847 (+320.1%), from €284,512 to €1.2m
- Other debts +€375,000
up €375,000 (+119.0%), from €315,000 to €690,000
- Tax, wage and social debts +€158,465
up €158,465 (+46.3%), from €341,941 to €500,406
of which Taxes: +€120,187
Income statement
- Gross operating margin +€1.5m
up €1.5m (+41.5%), from €3.7m to €5.3m
- Staff costs +€334,293
up €334,293 (+12.7%), from €2.6m to €3.0m
- Taxes +€200,165
up €200,165 (+129.0%), from €155,139 to €355,303
- Depreciation +€97,108
up €97,108 (+44.5%), from €218,384 to €315,492
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.
Result 2024
€687,431
Gross operating margin
+€1.5m
Staff costs
-€334,293
Depreciation
-€97,108
Write-downs
+€187
Provisions
+€889
Other operating charges
-€8,712
Financial income
+€6,601
Financial charges
+€3,319
Taxes
-€200,165
Result 2025
€1.6m
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.
From operations
+€1.7m
Investment
-€777,699
Financing
-€670,773
Cash 2024
€231,694
From operations (derived)
+€1.7m
Net result for the year
+€1.6m
Depreciation
+€315,492
Stocks and contracts
-€1.9m
Receivables within one year
+€141,853
Smaller working-capital items
+€2,909
Trade debts
+€36,752
Tax, wage and social debts
+€158,465
Advances received
+€910,847
Other debts
+€375,000
Accrued charges and deferred income
-€7,793
Investment (derived)
-€777,699
Investment in fixed assets (net)
-€777,699
Financing
-€670,773
Debts after one year
-€74,773
Current portion of long-term debt
-€14,025
Short-term financial debts
+€38,025
Contributions, distributions and other
-€620,000
Cash 2025
€449,514
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,113,467 | €7,522,838 | +€2.4m | +47.1% |
| Fixed assets | 21/28 | €1,322,608 | €1,784,814 | +€462,207 | +34.9% |
| Intangible fixed assets | 21 | €71,210 | €175,804 | +€104,594 | +146.9% |
| Tangible fixed assets | 22/27 | €770,998 | €1,128,610 | +€357,613 | +46.4% |
| Plant, machinery and equipment | 23 | €92,338 | €106,297 | +€13,958 | +15.1% |
| Furniture and vehicles | 24 | €451,859 | €732,427 | +€280,568 | +62.1% |
| Leasing and similar rights | 25 | €63,857 | €16,887 | -€46,970 | -73.6% |
| Other tangible fixed assets | 26 | €162,943 | €273,000 | +€110,056 | +67.5% |
| Financial fixed assets | 28 | €480,400 | €480,400 | = | 0.0% |
| Current assets | 29/58 | €3,790,859 | €5,738,023 | +€1.9m | +51.4% |
| Stocks and contracts in progress | 3 | €2,025,844 | €3,898,652 | +€1.9m | +92.4% |
| Stocks | 30/36 | €1,020,858 | €1,458,042 | +€437,184 | +42.8% |
| Contracts in progress | 37 | €1,004,986 | €2,440,610 | +€1.4m | +142.9% |
| Amounts receivable within one year | 40/41 | €1,455,598 | €1,313,745 | -€141,853 | -9.7% |
| Trade receivables | 40 | €1,194,884 | €1,003,738 | -€191,145 | -16.0% |
| Other amounts receivable | 41 | €260,715 | €310,007 | +€49,292 | +18.9% |
| Cash at bank and in hand | 54/58 | €231,694 | €449,514 | +€217,820 | +94.0% |
| Deferred charges and accrued income | 490/1 | €77,723 | €76,113 | -€1,610 | -2.1% |
| Total equity and liabilities | 10/49 | €5,113,467 | €7,522,838 | +€2.4m | +47.1% |
| Equity | 10/15 | €2,972,856 | €3,958,430 | +€985,574 | +33.2% |
| Contributions | 10/11 | €263,000 | €263,000 | = | 0.0% |
| Capital | 10 | €263,000 | €263,000 | = | 0.0% |
| Issued capital | 100 | €263,000 | €263,000 | = | 0.0% |
| Reserves | 13 | €2,709,856 | €3,695,430 | +€985,574 | +36.4% |
| Non-distributable reserves | 130/1 | €26,300 | €26,300 | = | 0.0% |
| Legal reserve | 130 | €26,300 | €26,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €484,150 | +€294,700 | +155.6% |
| Distributable reserves | 133 | €2,494,106 | €3,184,980 | +€690,874 | +27.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,057 | €18,356 | +€1,299 | +7.6% |
| Provisions for liabilities and charges | 160/5 | €17,057 | €18,356 | +€1,299 | +7.6% |
| Environmental obligations | 163 | €17,057 | - | -€17,057 | |
| Other liabilities and charges | 164/5 | - | €18,356 | +€18,356 | |
| Amounts payable | 17/49 | €2,123,554 | €3,546,052 | +€1.4m | +67.0% |
| Amounts payable after more than one year | 17 | €410,007 | €335,234 | -€74,773 | -18.2% |
| Financial debts | 170/4 | €410,007 | €335,234 | -€74,773 | -18.2% |
| Amounts payable within one year | 42/48 | €1,685,082 | €3,190,146 | +€1.5m | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €226,548 | €212,523 | -€14,025 | -6.2% |
| Financial debts | 43 | - | €38,025 | +€38,025 | |
| Credit institutions | 430/8 | - | €38,025 | +€38,025 | |
| Trade debts | 44 | €517,082 | €553,833 | +€36,752 | +7.1% |
| Suppliers | 440/4 | €517,082 | €553,833 | +€36,752 | +7.1% |
| Advances received on contracts in progress | 46 | €284,512 | €1,195,359 | +€910,847 | +320.1% |
| Taxes, remuneration and social security | 45 | €341,941 | €500,406 | +€158,465 | +46.3% |
| Taxes | 450/3 | €25,112 | €145,298 | +€120,187 | +478.6% |
| Remuneration and social security | 454/9 | €316,829 | €355,107 | +€38,278 | +12.1% |
| Other amounts payable | 47/48 | €315,000 | €690,000 | +€375,000 | +119.0% |
| Accrued charges and deferred income | 492/3 | €28,465 | €20,672 | -€7,793 | -27.4% |
| Non-recurring operating income | 76A | €1,298 | €1,823 | +€525 | +40.4% |
| Remuneration, social security and pensions | 62 | €2,622,149 | €2,956,442 | +€334,293 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,384 | €315,492 | +€97,108 | +44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€781 | -€968 | -€187 | -23.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,188 | €1,299 | -€889 | -40.6% |
| Other operating charges | 640/8 | €20,399 | €29,111 | +€8,712 | +42.7% |
| Gross operating margin | 9900 | €3,728,972 | €5,276,397 | +€1.5m | +41.5% |
| Operating profit (loss) | 9901 | €866,634 | €1,975,021 | +€1.1m | +127.9% |
| Financial income | 75/76B | €7,024 | €13,625 | +€6,601 | +94.0% |
| Recurring financial income | 75 | €7,024 | €13,625 | +€6,601 | +94.0% |
| Financial charges | 65/66B | €31,088 | €27,769 | -€3,319 | -10.7% |
| Recurring financial charges | 65 | €31,088 | €27,769 | -€3,319 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €842,570 | €1,960,878 | +€1.1m | +132.7% |
| Income taxes | 67/77 | €155,139 | €355,303 | +€200,165 | +129.0% |
| Profit (loss) for the period | 9904 | €687,431 | €1,605,574 | +€918,143 | +133.6% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €294,700 | +€105,250 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €497,981 | €1,310,874 | +€812,893 | +163.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.