BENSON & WINCH: 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.
BENSON & WINCH
Largest movements
- Receivables within one year +€157,581
up €157,581 (+202.6%), from €77,771 to €235,353
of which Other amounts receivable: +€203,895
- Cash -€142,229
no longer reported in 2025 (was €142,229)
mainly Receivables within one year (-€157,581) and Trade debts (-€44,740)
- Short-term financial debts +€99,636
new in 2025: €99,636
- Trade debts -€44,740
down €44,740 (-85.7%), from €52,187 to €7,446
- Profit (loss) carried forward -€29,667
down €29,667 (-198.5%), from -€14,949 to -€44,616
- Other debts -€12,750
no longer reported in 2025 (was €12,750)
- Gross operating margin -€25,620
down €25,620, from €3,011 to -€22,609
- Taxes -€4,961
down €4,961 (-96.3%), from €5,152 to €191
- Other operating charges -€1,888
down €1,888 (-69.1%), from €2,732 to €844
- Financial charges +€1,874
up €1,874 (+119.0%), from €1,576 to €3,450
- Financial income -€835
no longer reported in 2025 (was €835)
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 | €230,271 | €242,647 | +€12,376 | +5.4% |
| Fixed assets | 21/28 | €9,329 | €6,756 | -€2,573 | -27.6% |
| Intangible fixed assets | 21 | €1,567 | €61 | -€1,506 | -96.1% |
| Tangible fixed assets | 22/27 | €7,762 | €6,695 | -€1,067 | -13.7% |
| Furniture and vehicles | 24 | €3,000 | €3,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,762 | €3,695 | -€1,067 | -22.4% |
| Current assets | 29/58 | €220,942 | €235,891 | +€14,949 | +6.8% |
| Amounts receivable within one year | 40/41 | €77,771 | €235,353 | +€157,581 | +202.6% |
| Trade receivables | 40 | €54,175 | €7,861 | -€46,314 | -85.5% |
| Other amounts receivable | 41 | €23,596 | €227,492 | +€203,895 | +864.1% |
| Cash at bank and in hand | 54/58 | €142,229 | - | -€142,229 | |
| Deferred charges and accrued income | 490/1 | €942 | €539 | -€403 | -42.8% |
| Total equity and liabilities | 10/49 | €230,271 | €242,647 | +€12,376 | +5.4% |
| Equity | 10/15 | €155,511 | €125,844 | -€29,667 | -19.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,949 | -€44,616 | -€29,667 | -198.5% |
| Amounts payable | 17/49 | €74,761 | €116,804 | +€42,043 | +56.2% |
| Amounts payable within one year | 42/48 | €74,761 | €116,804 | +€42,043 | +56.2% |
| Financial debts | 43 | - | €99,636 | +€99,636 | |
| Credit institutions | 430/8 | - | €99,636 | +€99,636 | |
| Trade debts | 44 | €52,187 | €7,446 | -€44,740 | -85.7% |
| Suppliers | 440/4 | €52,187 | €7,446 | -€44,740 | -85.7% |
| Taxes, remuneration and social security | 45 | €9,824 | €9,722 | -€102 | -1.0% |
| Taxes | 450/3 | €5,445 | €5,343 | -€102 | -1.9% |
| Remuneration and social security | 454/9 | €4,379 | €4,379 | = | 0.0% |
| Other amounts payable | 47/48 | €12,750 | - | -€12,750 | |
| Remuneration, social security and pensions | 62 | €65 | - | -€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,983 | €2,573 | -€410 | -13.7% |
| Other operating charges | 640/8 | €2,732 | €844 | -€1,888 | -69.1% |
| Non-recurring operating charges | 66A | €229 | - | -€229 | |
| Gross operating margin | 9900 | €3,011 | -€22,609 | -€25,620 | |
| Operating profit (loss) | 9901 | -€2,999 | -€26,026 | -€23,028 | -768.0% |
| Financial income | 75/76B | €835 | - | -€835 | |
| Recurring financial income | 75 | €835 | - | -€835 | |
| Financial charges | 65/66B | €1,576 | €3,450 | +€1,874 | +119.0% |
| Recurring financial charges | 65 | €1,576 | €3,450 | +€1,874 | +119.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,739 | -€29,476 | -€25,737 | -688.3% |
| Income taxes | 67/77 | €5,152 | €191 | -€4,961 | -96.3% |
| Profit (loss) for the period | 9904 | -€8,891 | -€29,667 | -€20,776 | -233.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,891 | -€29,667 | -€20,776 | -233.7% |
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 4 October 2026 via checked.be.