BENOLUX: 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.
BENOLUX
Largest movements
- Tangible fixed assets -€19,917
down €19,917 (-26.9%), from €73,967 to €54,050
of which Leasing and similar rights: -€10,920
- Receivables within one year +€17,885
up €17,885 (+174%), from €10,276 to €28,161
of which Trade receivables: +€14,048
- Cash -€8,549
down €8,549 (-99.7%), from €8,571 to €22
mainly Receivables within one year (-€17,885) and Debts after one year (-€13,028)
- Deferred charges and accrued income -€4,197
no longer reported in 2025 (was €4,197)
- Stocks and contracts -€1,421
down €1,421 (-9.0%), from €15,758 to €14,337
- Debts after one year -€13,028
down €13,028 (-28.1%), from €46,414 to €33,386
- Short-term financial debts +€5,425
new in 2025: €5,425
- Current portion of long-term debt -€5,292
down €5,292 (-28.9%), from €18,321 to €13,028
- Tax, wage and social debts -€5,228
down €5,228 (-93.2%), from €5,611 to €383
- Trade debts +€4,535
up €4,535 (+59.0%), from €7,686 to €12,220
- Gross operating margin +€42,106
up €42,106, from -€14,655 to €27,451
- Depreciation -€411
down €411 (-2.0%), from €20,328 to €19,917
- Other operating charges -€401
down €401 (-6.7%), from €5,958 to €5,557
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 | €112,768 | €96,571 | -€16,198 | -14.4% |
| Fixed assets | 21/28 | €73,967 | €54,050 | -€19,917 | -26.9% |
| Tangible fixed assets | 22/27 | €73,967 | €54,050 | -€19,917 | -26.9% |
| Plant, machinery and equipment | 23 | €153 | - | -€153 | |
| Furniture and vehicles | 24 | €5,429 | - | -€5,429 | |
| Leasing and similar rights | 25 | €37,846 | €26,926 | -€10,920 | -28.9% |
| Other tangible fixed assets | 26 | €30,539 | €27,124 | -€3,415 | -11.2% |
| Current assets | 29/58 | €38,801 | €42,521 | +€3,719 | +9.6% |
| Stocks and contracts in progress | 3 | €15,758 | €14,337 | -€1,421 | -9.0% |
| Stocks | 30/36 | €15,758 | €14,337 | -€1,421 | -9.0% |
| Amounts receivable within one year | 40/41 | €10,276 | €28,161 | +€17,885 | +174% |
| Trade receivables | 40 | €10,276 | €24,324 | +€14,048 | +137% |
| Other amounts receivable | 41 | - | €3,838 | +€3,838 | |
| Cash at bank and in hand | 54/58 | €8,571 | €22 | -€8,549 | -99.7% |
| Deferred charges and accrued income | 490/1 | €4,197 | - | -€4,197 | |
| Total equity and liabilities | 10/49 | €112,768 | €96,571 | -€16,198 | -14.4% |
| Equity | 10/15 | €28,148 | €26,285 | -€1,862 | -6.6% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €64,246 | €64,246 | = | 0.0% |
| Distributable reserves | 133 | €64,246 | €64,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,598 | -€57,461 | -€1,862 | -3.3% |
| Amounts payable | 17/49 | €84,621 | €70,285 | -€14,335 | -16.9% |
| Amounts payable after more than one year | 17 | €46,414 | €33,386 | -€13,028 | -28.1% |
| Financial debts | 170/4 | €46,414 | €33,386 | -€13,028 | -28.1% |
| Amounts payable within one year | 42/48 | €38,207 | €36,900 | -€1,307 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €18,321 | €13,028 | -€5,292 | -28.9% |
| Financial debts | 43 | - | €5,425 | +€5,425 | |
| Credit institutions | 430/8 | - | €5,425 | +€5,425 | |
| Trade debts | 44 | €7,686 | €12,220 | +€4,535 | +59.0% |
| Suppliers | 440/4 | €7,686 | €12,220 | +€4,535 | +59.0% |
| Advances received on contracts in progress | 46 | €2,114 | - | -€2,114 | |
| Taxes, remuneration and social security | 45 | €5,611 | €383 | -€5,228 | -93.2% |
| Taxes | 450/3 | €5,611 | €383 | -€5,228 | -93.2% |
| Other amounts payable | 47/48 | €4,477 | €5,844 | +€1,367 | +30.5% |
| Non-recurring operating income | 76A | - | €908 | +€908 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,328 | €19,917 | -€411 | -2.0% |
| Other operating charges | 640/8 | €5,958 | €5,557 | -€401 | -6.7% |
| Gross operating margin | 9900 | -€14,655 | €27,451 | +€42,106 | |
| Operating profit (loss) | 9901 | -€40,941 | €1,976 | +€42,917 | |
| Financial income | 75/76B | €8 | €6 | -€2 | -25.1% |
| Recurring financial income | 75 | €8 | €6 | -€2 | -25.1% |
| Financial charges | 65/66B | €3,552 | €3,704 | +€152 | +4.3% |
| Recurring financial charges | 65 | €3,552 | €3,704 | +€152 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,485 | -€1,721 | +€42,764 | +96.1% |
| Income taxes | 67/77 | €246 | €141 | -€105 | -42.8% |
| Profit (loss) for the period | 9904 | -€44,731 | -€1,862 | +€42,869 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,731 | -€1,862 | +€42,869 | +95.8% |
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 21 October 2026 via checked.be.