BENSCH & PARTNERS: 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.
BENSCH & PARTNERS
Largest movements
- Receivables within one year -€689,027
down €689,027 (-72.0%), from €957,017 to €267,990
of which Other amounts receivable: -€680,672
- Tangible fixed assets +€653,891
up €653,891 (+64.7%), from €1.0m to €1.7m
of which Land and buildings: +€645,532
- Receivables after one year +€25,000
new in 2025: €25,000
- Reserves +€65,000
up €65,000 (+14.4%), from €451,860 to €516,860
of which Distributable reserves: +€66,860
- Debts after one year -€60,996
down €60,996 (-4.4%), from €1.4m to €1.3m
- Tax, wage and social debts -€41,982
down €41,982 (-72.4%), from €58,013 to €16,031
of which Taxes: -€42,171
- Financial charges +€28,846
up €28,846 (+230%), from €12,544 to €41,390
- Depreciation +€24,271
up €24,271 (+110%), from €22,155 to €46,426
- Taxes -€18,746
down €18,746 (-34.6%), from €54,177 to €35,431
- Financial income -€5,058
down €5,058 (-75.1%), from €6,734 to €1,676
- Gross operating margin -€3,299
down €3,299 (-1.3%), from €252,987 to €249,688
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 | €2,341,906 | €2,313,340 | -€28,566 | -1.2% |
| Fixed assets | 21/28 | €1,009,942 | €1,663,833 | +€653,891 | +64.7% |
| Tangible fixed assets | 22/27 | €1,009,942 | €1,663,833 | +€653,891 | +64.7% |
| Land and buildings | 22 | €961,123 | €1,606,655 | +€645,532 | +67.2% |
| Plant, machinery and equipment | 23 | €2,360 | €16,532 | +€14,172 | +601% |
| Furniture and vehicles | 24 | €34,305 | €32,907 | -€1,398 | -4.1% |
| Other tangible fixed assets | 26 | €12,154 | €7,739 | -€4,415 | -36.3% |
| Current assets | 29/58 | €1,331,964 | €649,507 | -€682,457 | -51.2% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €957,017 | €267,990 | -€689,027 | -72.0% |
| Trade receivables | 40 | €35,534 | €27,179 | -€8,355 | -23.5% |
| Other amounts receivable | 41 | €921,483 | €240,811 | -€680,672 | -73.9% |
| Current investments | 50/53 | €9,930 | - | -€9,930 | |
| Cash at bank and in hand | 54/58 | €356,436 | €356,517 | +€81 | 0.0% |
| Deferred charges and accrued income | 490/1 | €8,581 | - | -€8,581 | |
| Total equity and liabilities | 10/49 | €2,341,906 | €2,313,340 | -€28,566 | -1.2% |
| Equity | 10/15 | €799,212 | €884,512 | +€85,300 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €451,860 | €516,860 | +€65,000 | +14.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €450,000 | €516,860 | +€66,860 | +14.9% |
| Profit (loss) carried forward | 14 | €328,752 | €349,052 | +€20,300 | +6.2% |
| Amounts payable | 17/49 | €1,542,694 | €1,428,828 | -€113,866 | -7.4% |
| Amounts payable after more than one year | 17 | €1,399,318 | €1,338,322 | -€60,996 | -4.4% |
| Financial debts | 170/4 | €1,399,318 | €1,338,322 | -€60,996 | -4.4% |
| Amounts payable within one year | 42/48 | €143,376 | €90,506 | -€52,870 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €63,210 | €65,962 | +€2,752 | +4.4% |
| Trade debts | 44 | €22,153 | €8,513 | -€13,640 | -61.6% |
| Suppliers | 440/4 | €22,153 | €8,513 | -€13,640 | -61.6% |
| Taxes, remuneration and social security | 45 | €58,013 | €16,031 | -€41,982 | -72.4% |
| Taxes | 450/3 | €52,725 | €10,554 | -€42,171 | -80.0% |
| Remuneration and social security | 454/9 | €5,288 | €5,477 | +€189 | +3.6% |
| Remuneration, social security and pensions | 62 | €40,537 | €41,784 | +€1,247 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,155 | €46,426 | +€24,271 | +110% |
| Other operating charges | 640/8 | €2,537 | €1,034 | -€1,503 | -59.2% |
| Gross operating margin | 9900 | €252,987 | €249,688 | -€3,299 | -1.3% |
| Operating profit (loss) | 9901 | €187,758 | €160,444 | -€27,314 | -14.5% |
| Financial income | 75/76B | €6,734 | €1,676 | -€5,058 | -75.1% |
| Recurring financial income | 75 | €6,734 | €1,676 | -€5,058 | -75.1% |
| Financial charges | 65/66B | €12,544 | €41,390 | +€28,846 | +230% |
| Recurring financial charges | 65 | €12,544 | €41,390 | +€28,846 | +230% |
| Profit (loss) for the period before taxes | 9903 | €181,948 | €120,730 | -€61,218 | -33.6% |
| Income taxes | 67/77 | €54,177 | €35,431 | -€18,746 | -34.6% |
| Profit (loss) for the period | 9904 | €127,771 | €85,299 | -€42,472 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,771 | €85,299 | -€42,472 | -33.2% |
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.