BENSOL: 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.
BENSOL
Largest movements
- Current investments -€125,000
down €125,000 (-53.2%), from €235,000 to €110,000
- Cash +€65,907
up €65,907 (+30.0%), from €219,786 to €285,692
mainly Current investments (+€125,000) and Depreciation (+€33,882)
- Tangible fixed assets -€54,057
down €54,057 (-20.8%), from €260,107 to €206,050
of which Land and buildings: -€46,621
- Receivables within one year +€33,158
up €33,158 (+287%), from €11,565 to €44,723
of which Trade receivables: +€26,307
- Debts after one year -€34,060
down €34,060 (-22.6%), from €151,026 to €116,966
- Current portion of long-term debt -€25,367
down €25,367 (-42.7%), from €59,427 to €34,060
- Reserves -€22,865
down €22,865 (-7.1%), from €321,279 to €298,414
- Other debts +€9,854
up €9,854 (+6.3%), from €156,298 to €166,152
- Gross operating margin -€35,765
down €35,765 (-23.7%), from €150,844 to €115,078
- Depreciation -€35,338
down €35,338 (-51.1%), from €69,220 to €33,882
- Taxes -€6,744
down €6,744 (-33.7%), from €19,989 to €13,245
- Financial charges -€2,814
down €2,814 (-16.2%), from €17,424 to €14,610
- Financial income +€1,748
up €1,748 (+54.9%), from €3,186 to €4,934
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 | €731,521 | €649,440 | -€82,080 | -11.2% |
| Fixed assets | 21/28 | €260,107 | €206,050 | -€54,057 | -20.8% |
| Tangible fixed assets | 22/27 | €260,107 | €206,050 | -€54,057 | -20.8% |
| Land and buildings | 22 | €221,830 | €175,209 | -€46,621 | -21.0% |
| Plant, machinery and equipment | 23 | €137 | €4,488 | +€4,350 | +3,168% |
| Furniture and vehicles | 24 | €38,139 | €26,353 | -€11,786 | -30.9% |
| Current assets | 29/58 | €471,414 | €443,390 | -€28,024 | -5.9% |
| Amounts receivable within one year | 40/41 | €11,565 | €44,723 | +€33,158 | +287% |
| Trade receivables | 40 | €10,900 | €37,207 | +€26,307 | +241% |
| Other amounts receivable | 41 | €665 | €7,516 | +€6,851 | +1,030% |
| Current investments | 50/53 | €235,000 | €110,000 | -€125,000 | -53.2% |
| Cash at bank and in hand | 54/58 | €219,786 | €285,692 | +€65,907 | +30.0% |
| Deferred charges and accrued income | 490/1 | €5,063 | €2,974 | -€2,088 | -41.2% |
| Total equity and liabilities | 10/49 | €731,521 | €649,440 | -€82,080 | -11.2% |
| Equity | 10/15 | €340,479 | €317,614 | -€22,865 | -6.7% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €321,279 | €298,414 | -€22,865 | -7.1% |
| Distributable reserves | 133 | €321,279 | €298,414 | -€22,865 | -7.1% |
| Amounts payable | 17/49 | €391,041 | €331,826 | -€59,215 | -15.1% |
| Amounts payable after more than one year | 17 | €151,026 | €116,966 | -€34,060 | -22.6% |
| Financial debts | 170/4 | €151,026 | €116,966 | -€34,060 | -22.6% |
| Amounts payable within one year | 42/48 | €240,015 | €214,860 | -€25,155 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €59,427 | €34,060 | -€25,367 | -42.7% |
| Trade debts | 44 | €6,086 | €3,712 | -€2,375 | -39.0% |
| Suppliers | 440/4 | €6,086 | €3,712 | -€2,375 | -39.0% |
| Taxes, remuneration and social security | 45 | €18,203 | €10,936 | -€7,267 | -39.9% |
| Taxes | 450/3 | €16,653 | €10,936 | -€5,717 | -34.3% |
| Remuneration and social security | 454/9 | €1,550 | - | -€1,550 | |
| Other amounts payable | 47/48 | €156,298 | €166,152 | +€9,854 | +6.3% |
| Remuneration, social security and pensions | 62 | €1,267 | - | -€1,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,220 | €33,882 | -€35,338 | -51.1% |
| Other operating charges | 640/8 | €6,300 | €6,268 | -€32 | -0.5% |
| Non-recurring operating charges | 66A | - | €25,873 | +€25,873 | |
| Gross operating margin | 9900 | €150,844 | €115,078 | -€35,765 | -23.7% |
| Operating profit (loss) | 9901 | €74,057 | €49,056 | -€25,001 | -33.8% |
| Financial income | 75/76B | €3,186 | €4,934 | +€1,748 | +54.9% |
| Recurring financial income | 75 | €3,186 | €4,934 | +€1,748 | +54.9% |
| Financial charges | 65/66B | €17,424 | €14,610 | -€2,814 | -16.2% |
| Recurring financial charges | 65 | €17,424 | €14,610 | -€2,814 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €59,818 | €39,380 | -€20,438 | -34.2% |
| Income taxes | 67/77 | €19,989 | €13,245 | -€6,744 | -33.7% |
| Profit (loss) for the period | 9904 | €39,829 | €26,135 | -€13,694 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,829 | €26,135 | -€13,694 | -34.4% |
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 14 October 2026 via checked.be.