Benova: 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.
Benova
Largest movements
- Receivables within one year +€235,252
up €235,252 (+189%), from €124,375 to €359,627
of which Other amounts receivable: +€148,562
- Deferred charges and accrued income +€20,067
up €20,067 (+7,060%), from €284 to €20,351
- Cash -€16,436
down €16,436 (-58.8%), from €27,967 to €11,531
mainly Receivables within one year (-€235,252) and Investment in fixed assets (net) (-€24,200)
- Tangible fixed assets +€6,454
up €6,454 (+4.4%), from €145,429 to €151,882
of which Land and buildings: +€4,149
- Other debts +€225,446
up €225,446 (+63.8%), from €353,452 to €578,898
- Tax, wage and social debts +€14,940
up €14,940 (+32,657%), from €46 to €14,986
- Profit (loss) carried forward +€7,805
up €7,805 (+9.9%), from -€78,849 to -€71,044
- Gross operating margin +€14,276
up €14,276 (+114%), from €12,537 to €26,813
- Depreciation +€7,613
up €7,613 (+75.1%), from €10,134 to €17,747
- Other operating charges +€341
up €341 (+43.3%), from €788 to €1,129
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 | €298,055 | €543,392 | +€245,337 | +82.3% |
| Fixed assets | 21/28 | €145,429 | €151,882 | +€6,454 | +4.4% |
| Tangible fixed assets | 22/27 | €145,429 | €151,882 | +€6,454 | +4.4% |
| Land and buildings | 22 | - | €4,149 | +€4,149 | |
| Plant, machinery and equipment | 23 | €1,049 | €649 | -€400 | -38.1% |
| Furniture and vehicles | 24 | €144,380 | €147,084 | +€2,704 | +1.9% |
| Current assets | 29/58 | €152,626 | €391,509 | +€238,883 | +157% |
| Amounts receivable within one year | 40/41 | €124,375 | €359,627 | +€235,252 | +189% |
| Trade receivables | 40 | €0 | €86,691 | +€86,691 | |
| Other amounts receivable | 41 | €124,375 | €272,936 | +€148,562 | +119% |
| Cash at bank and in hand | 54/58 | €27,967 | €11,531 | -€16,436 | -58.8% |
| Deferred charges and accrued income | 490/1 | €284 | €20,351 | +€20,067 | +7,060% |
| Total equity and liabilities | 10/49 | €298,055 | €543,392 | +€245,337 | +82.3% |
| Equity | 10/15 | -€58,389 | -€50,584 | +€7,805 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,849 | -€71,044 | +€7,805 | +9.9% |
| Amounts payable | 17/49 | €356,444 | €593,976 | +€237,532 | +66.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €356,444 | €593,976 | +€237,532 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €2,150 | €0 | -€2,150 | -100% |
| Trade debts | 44 | €796 | €92 | -€705 | -88.5% |
| Suppliers | 440/4 | €796 | €92 | -€705 | -88.5% |
| Taxes, remuneration and social security | 45 | €46 | €14,986 | +€14,940 | +32,657% |
| Taxes | 450/3 | €46 | €14,986 | +€14,940 | +32,657% |
| Other amounts payable | 47/48 | €353,452 | €578,898 | +€225,446 | +63.8% |
| Non-recurring operating income | 76A | €34,694 | €0 | -€34,694 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,134 | €17,747 | +€7,613 | +75.1% |
| Other operating charges | 640/8 | €788 | €1,129 | +€341 | +43.3% |
| Non-recurring operating charges | 66A | €2,446 | €0 | -€2,446 | -100% |
| Gross operating margin | 9900 | €12,537 | €26,813 | +€14,276 | +114% |
| Operating profit (loss) | 9901 | -€831 | €7,937 | +€8,768 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €215 | €133 | -€82 | -37.9% |
| Recurring financial charges | 65 | €215 | €133 | -€82 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,046 | €7,805 | +€8,851 | |
| Income taxes | 67/77 | €46 | €0 | -€46 | -100% |
| Profit (loss) for the period | 9904 | -€1,092 | €7,805 | +€8,896 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,092 | €7,805 | +€8,896 |
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 16 October 2026 via checked.be.