BENU: 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.
What changed
BENU
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€1.4m
2025 · €1.7m-€216,251
Equity
€43.1m
2025 · €38.3m+€4.7m
Cash
€992,585
2025 · €681,541+€311,044
Balance sheet total
€84.1m
2025 · €61.8m+€22.3m
Largest movements
Assets
- Receivables within one year +€21.6m
up €21.6m (+93.5%), from €23.1m to €44.8m
of which Other amounts receivable: +€22.8m
- Tangible fixed assets +€1.1m
up €1.1m (+8.7%), from €12.1m to €13.1m
of which Land and buildings: +€1.2m
Equity and liabilities
- Trade debts +€18.7m
up €18.7m (+135.3%), from €13.8m to €32.5m
- Profit (loss) carried forward +€2.9m
up €2.9m (+4.8%), from -€61.3m to -€58.4m
- Reserves +€1.7m
up €1.7m (+32.6%), from €5.3m to €7.1m
of which Distributable reserves: +€1.7m
- Short-term financial debts -€985,666
down €985,666 (-34.9%), from €2.8m to €1.8m
Income statement
- Turnover +€5.8m
up €5.8m (+3.5%), from €166.4m to €172.2m
- Goods and materials +€5.3m
up €5.3m (+4.7%), from €112.8m to €118.1m
of which Purchases: +€4.8m
From the 2025 result to the 2026 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.
Result 2025
€1.7m
Turnover
+€5.8m
Other operating income
-€109,739
Goods and materials
-€5.3m
Services and other goods
-€135,593
Staff costs
+€24,406
Depreciation
-€253,895
Write-downs
+€40,255
Provisions
-€348,541
Other operating charges
+€1,095
Other operating items
+€83,939
Financial income
+€213,547
Financial charges
-€220,914
Taxes
-€23,451
Result 2026
€1.4m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.6m
Investment
-€3.6m
Financing
+€2.3m
Cash 2025
€681,541
From operations (derived)
+€1.6m
Net result for the year
+€1.4m
Depreciation
+€2.4m
Smaller working-capital items
+€5,818
Stocks and contracts
+€820,618
Receivables within one year
-€21.6m
Provisions
+€281,110
Trade debts
+€18.7m
Tax, wage and social debts
-€478,592
Accrued charges and deferred income
+€72,843
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€2.3m
Debts after one year
+€980
Short-term financial debts
-€985,666
Contributions, distributions and other
+€3.3m
Cash 2026
€992,585
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,823,152 | €84,111,520 | +€22.3m | +36.1% |
| Fixed assets | 21/28 | €26,521,049 | €27,702,237 | +€1.2m | +4.5% |
| Intangible fixed assets | 21 | €947,051 | €1,078,085 | +€131,034 | +13.8% |
| Tangible fixed assets | 22/27 | €12,078,434 | €13,128,588 | +€1.1m | +8.7% |
| Land and buildings | 22 | €10,575,077 | €11,800,291 | +€1.2m | +11.6% |
| Plant, machinery and equipment | 23 | €924,249 | €870,548 | -€53,701 | -5.8% |
| Furniture and vehicles | 24 | €485,390 | €392,004 | -€93,386 | -19.2% |
| Other tangible fixed assets | 26 | €4,559 | €4,380 | -€179 | -3.9% |
| Assets under construction and advance payments | 27 | €89,159 | €61,365 | -€27,794 | -31.2% |
| Financial fixed assets | 28 | €13,495,564 | €13,495,564 | = | 0.0% |
| Affiliated companies | 280/1 | €13,489,150 | €13,489,150 | = | 0.0% |
| Participating interests | 280 | €13,489,150 | €13,489,150 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,414 | €6,414 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,414 | €6,414 | = | 0.0% |
| Current assets | 29/58 | €35,302,103 | €56,409,283 | +€21.1m | +59.8% |
| Amounts receivable after more than one year | 29 | €16,693 | €13,387 | -€3,306 | -19.8% |
| Other amounts receivable | 291 | €16,693 | €13,387 | -€3,306 | -19.8% |
| Stocks and contracts in progress | 3 | €11,344,084 | €10,523,466 | -€820,618 | -7.2% |
| Stocks | 30/36 | €11,344,084 | €10,523,466 | -€820,618 | -7.2% |
| Raw materials and consumables | 30/31 | €363,579 | €313,723 | -€49,856 | -13.7% |
| Goods purchased for resale | 34 | €10,980,505 | €10,209,743 | -€770,762 | -7.0% |
| Amounts receivable within one year | 40/41 | €23,130,067 | €44,757,952 | +€21.6m | +93.5% |
| Trade receivables | 40 | €2,465,019 | €1,342,893 | -€1.1m | -45.5% |
| Other amounts receivable | 41 | €20,665,048 | €43,415,059 | +€22.8m | +110.1% |
| Cash at bank and in hand | 54/58 | €681,541 | €992,585 | +€311,044 | +45.6% |
| Deferred charges and accrued income | 490/1 | €129,718 | €121,893 | -€7,825 | -6.0% |
| Total equity and liabilities | 10/49 | €61,823,152 | €84,111,520 | +€22.3m | +36.1% |
| Equity | 10/15 | €38,319,997 | €43,058,092 | +€4.7m | +12.4% |
| Contributions | 10/11 | €94,211,011 | €94,295,888 | +€84,877 | +0.1% |
| Capital | 10 | €94,211,011 | €94,295,888 | +€84,877 | +0.1% |
| Issued capital | 100 | €94,235,811 | €94,320,688 | +€84,877 | +0.1% |
| Uncalled capital | 101 | €24,800 | €24,800 | = | 0.0% |
| Revaluation surpluses | 12 | €78,382 | €74,182 | -€4,200 | -5.4% |
| Reserves | 13 | €5,322,707 | €7,056,442 | +€1.7m | +32.6% |
| Non-distributable reserves | 130/1 | €1,164,518 | €1,165,529 | +€1,011 | +0.1% |
| Legal reserve | 130 | €1,162,279 | €1,165,529 | +€3,250 | +0.3% |
| Reserves not available under the articles | 1311 | €2,239 | - | -€2,239 | |
| Tax-exempt reserves | 132 | €146,200 | €215,235 | +€69,035 | +47.2% |
| Distributable reserves | 133 | €4,011,989 | €5,675,678 | +€1.7m | +41.5% |
| Profit (loss) carried forward | 14 | -€61,292,103 | -€58,368,420 | +€2.9m | +4.8% |
| Provisions and deferred taxes | 16 | - | €281,110 | +€281,110 | |
| Provisions for liabilities and charges | 160/5 | - | €281,110 | +€281,110 | |
| Other liabilities and charges | 164/5 | - | €281,110 | +€281,110 | |
| Amounts payable | 17/49 | €23,503,155 | €40,772,318 | +€17.3m | +73.5% |
| Amounts payable after more than one year | 17 | €2,500 | €3,480 | +€980 | +39.2% |
| Other amounts payable | 178/9 | €2,500 | €3,480 | +€980 | +39.2% |
| Amounts payable within one year | 42/48 | €23,308,543 | €40,503,883 | +€17.2m | +73.8% |
| Financial debts | 43 | €2,822,809 | €1,837,143 | -€985,666 | -34.9% |
| Other loans | 439 | €2,822,809 | €1,837,143 | -€985,666 | -34.9% |
| Trade debts | 44 | €13,792,849 | €32,457,760 | +€18.7m | +135.3% |
| Suppliers | 440/4 | €13,792,849 | €32,457,760 | +€18.7m | +135.3% |
| Taxes, remuneration and social security | 45 | €6,687,572 | €6,208,980 | -€478,592 | -7.2% |
| Taxes | 450/3 | €2,182,773 | €892,510 | -€1.3m | -59.1% |
| Remuneration and social security | 454/9 | €4,504,799 | €5,316,470 | +€811,671 | +18.0% |
| Other amounts payable | 47/48 | €5,313 | - | -€5,313 | |
| Accrued charges and deferred income | 492/3 | €192,112 | €264,955 | +€72,843 | +37.9% |
| Operating income | 70/76A | €167,837,188 | €173,444,669 | +€5.6m | +3.3% |
| Turnover | 70 | €166,423,169 | €172,247,344 | +€5.8m | +3.5% |
| Other operating income | 74 | €1,307,064 | €1,197,325 | -€109,739 | -8.4% |
| Non-recurring operating income | 76A | €106,955 | - | -€106,955 | |
| Operating charges | 60/66A | €166,577,830 | €172,370,744 | +€5.8m | +3.5% |
| Goods for resale, raw materials and consumables | 60 | €112,784,216 | €118,095,751 | +€5.3m | +4.7% |
| Purchases | 600/8 | €111,559,791 | €116,340,129 | +€4.8m | +4.3% |
| Change in stocks: decrease (increase) | 609 | €1,224,425 | €1,755,622 | +€531,197 | +43.4% |
| Services and other goods | 61 | €23,656,166 | €23,791,759 | +€135,593 | +0.6% |
| Remuneration, social security and pensions | 62 | €27,550,132 | €27,525,726 | -€24,406 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161,913 | €2,415,808 | +€253,895 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€137,585 | -€177,840 | -€40,255 | -29.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€67,431 | €281,110 | +€348,541 | |
| Other operating charges | 640/8 | €439,525 | €438,430 | -€1,095 | -0.2% |
| Non-recurring operating charges | 66A | €190,894 | - | -€190,894 | |
| Operating profit (loss) | 9901 | €1,259,358 | €1,073,925 | -€185,433 | -14.7% |
| Financial income | 75/76B | €1,084,884 | €1,298,431 | +€213,547 | +19.7% |
| Recurring financial income | 75 | €1,042,811 | €1,170,436 | +€127,625 | +12.2% |
| Income from financial fixed assets | 750 | €700,000 | €1,150,000 | +€450,000 | +64.3% |
| Income from current assets | 751 | €342,711 | €20,104 | -€322,607 | -94.1% |
| Other financial income | 752/9 | €100 | €332 | +€232 | +232.0% |
| Non-recurring financial income | 76B | €42,073 | €127,995 | +€85,922 | +204.2% |
| Financial charges | 65/66B | €331,264 | €552,178 | +€220,914 | +66.7% |
| Recurring financial charges | 65 | €311,722 | €506,433 | +€194,711 | +62.5% |
| Debt charges | 650 | €78,073 | €279,067 | +€200,994 | +257.4% |
| Other financial charges | 652/9 | €233,649 | €227,366 | -€6,283 | -2.7% |
| Non-recurring financial charges | 66B | €19,542 | €45,745 | +€26,203 | +134.1% |
| Profit (loss) for the period before taxes | 9903 | €2,012,978 | €1,820,178 | -€192,800 | -9.6% |
| Income taxes | 67/77 | €348,993 | €372,444 | +€23,451 | +6.7% |
| Taxes | 670/3 | €372,564 | €409,425 | +€36,861 | +9.9% |
| Tax adjustments and reversals of tax provisions | 77 | €23,571 | €36,981 | +€13,410 | +56.9% |
| Profit (loss) for the period | 9904 | €1,663,985 | €1,447,734 | -€216,251 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,663,985 | €1,447,734 | -€216,251 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.