beNov: 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.
beNov
Largest movements
- Current investments -€24,875
down €24,875 (-33.2%), from €74,875 to €50,000
- Receivables within one year -€20,439
down €20,439 (-55.4%), from €36,881 to €16,442
of which Trade receivables: -€16,835
- Cash +€7,787
up €7,787 (+13.2%), from €58,909 to €66,695
mainly Current investments (+€24,875) and Receivables within one year (+€20,439)
- Reserves -€23,924
down €23,924 (-22.8%), from €105,033 to €81,110
- Other debts +€15,928
up €15,928 (+152.0%), from €10,480 to €26,408
- Current portion of long-term debt -€8,362
down €8,362 (-86.1%), from €9,711 to €1,349
- Profit (loss) carried forward -€7,648
down €7,648 (-33.0%), from €23,202 to €15,553
- Trade debts -€6,924
down €6,924 (-42.2%), from €16,419 to €9,496
- Gross operating margin -€26,124
down €26,124, from €20,018 to -€6,105
- Taxes -€4,764
down €4,764 (-97.1%), from €4,905 to €141
- Financial income +€1,726
up €1,726 (+113.1%), from €1,526 to €3,252
- Financial charges -€597
down €597 (-27.6%), from €2,165 to €1,567
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 | €185,622 | €149,308 | -€36,314 | -19.6% |
| Fixed assets | 21/28 | €13,535 | €14,611 | +€1,076 | +7.9% |
| Tangible fixed assets | 22/27 | €13,535 | €14,611 | +€1,076 | +7.9% |
| Plant, machinery and equipment | 23 | €13,535 | €11,645 | -€1,890 | -14.0% |
| Furniture and vehicles | 24 | - | €1,166 | +€1,166 | |
| Assets under construction and advance payments | 27 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €172,087 | €134,697 | -€37,390 | -21.7% |
| Amounts receivable within one year | 40/41 | €36,881 | €16,442 | -€20,439 | -55.4% |
| Trade receivables | 40 | €28,578 | €11,743 | -€16,835 | -58.9% |
| Other amounts receivable | 41 | €8,303 | €4,699 | -€3,605 | -43.4% |
| Current investments | 50/53 | €74,875 | €50,000 | -€24,875 | -33.2% |
| Cash at bank and in hand | 54/58 | €58,909 | €66,695 | +€7,787 | +13.2% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,560 | +€138 | +9.7% |
| Total equity and liabilities | 10/49 | €185,622 | €149,308 | -€36,314 | -19.6% |
| Equity | 10/15 | €134,635 | €103,063 | -€31,572 | -23.5% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €105,033 | €81,110 | -€23,924 | -22.8% |
| Distributable reserves | 133 | €105,033 | €81,110 | -€23,924 | -22.8% |
| Profit (loss) carried forward | 14 | €23,202 | €15,553 | -€7,648 | -33.0% |
| Amounts payable | 17/49 | €50,987 | €46,245 | -€4,741 | -9.3% |
| Amounts payable within one year | 42/48 | €50,912 | €46,245 | -€4,666 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €9,711 | €1,349 | -€8,362 | -86.1% |
| Trade debts | 44 | €16,419 | €9,496 | -€6,924 | -42.2% |
| Suppliers | 440/4 | €16,419 | €9,496 | -€6,924 | -42.2% |
| Taxes, remuneration and social security | 45 | €14,302 | €8,993 | -€5,309 | -37.1% |
| Taxes | 450/3 | €14,302 | €8,993 | -€5,309 | -37.1% |
| Other amounts payable | 47/48 | €10,480 | €26,408 | +€15,928 | +152.0% |
| Accrued charges and deferred income | 492/3 | €75 | - | -€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,077 | €2,045 | -€32 | -1.5% |
| Other operating charges | 640/8 | €1,029 | €1,042 | +€12 | +1.2% |
| Gross operating margin | 9900 | €20,018 | -€6,105 | -€26,124 | |
| Operating profit (loss) | 9901 | €16,912 | -€9,192 | -€26,104 | |
| Financial income | 75/76B | €1,526 | €3,252 | +€1,726 | +113.1% |
| Recurring financial income | 75 | €1,526 | €3,252 | +€1,726 | +113.1% |
| Financial charges | 65/66B | €2,165 | €1,567 | -€597 | -27.6% |
| Recurring financial charges | 65 | €2,165 | €1,567 | -€597 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €16,273 | -€7,507 | -€23,780 | |
| Income taxes | 67/77 | €4,905 | €141 | -€4,764 | -97.1% |
| Profit (loss) for the period | 9904 | €11,368 | -€7,648 | -€19,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,368 | -€7,648 | -€19,016 |
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 30 September 2026 via checked.be.