BENU: 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.
BENU
Largest movements
- Cash +€144,736
up €144,736 (+59.0%), from €245,520 to €390,257
mainly Net result for the year (+€414,657) and Tax, wage and social debts (+€37,398)
- Current investments +€18,342
up €18,342 (+2.1%), from €861,419 to €879,761
- Reserves +€132,724
up €132,724 (+9.6%), from €1.4m to €1.5m
- Tax, wage and social debts +€37,398
up €37,398 (+187.1%), from €19,988 to €57,386
- Other debts -€35,026
down €35,026 (-30.7%), from €114,235 to €79,209
- Gross operating margin +€295,383
up €295,383 (+99.8%), from €296,033 to €591,416
- Taxes +€100,632
up €100,632 (+106.0%), from €94,958 to €195,589
- Financial income +€21,230
up €21,230 (+151.3%), from €14,029 to €35,259
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 | €1,537,505 | €1,672,292 | +€134,787 | +8.8% |
| Fixed assets | 21/28 | €4,060 | €2,947 | -€1,113 | -27.4% |
| Tangible fixed assets | 22/27 | €3,560 | €2,447 | -€1,113 | -31.3% |
| Plant, machinery and equipment | 23 | €3,560 | €2,447 | -€1,113 | -31.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,533,445 | €1,669,345 | +€135,900 | +8.9% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,110 | €40,430 | -€15,681 | -27.9% |
| Trade receivables | 40 | €41,048 | €32,030 | -€9,019 | -22.0% |
| Other amounts receivable | 41 | €15,062 | €8,400 | -€6,662 | -44.2% |
| Current investments | 50/53 | €861,419 | €879,761 | +€18,342 | +2.1% |
| Cash at bank and in hand | 54/58 | €245,520 | €390,257 | +€144,736 | +59.0% |
| Deferred charges and accrued income | 490/1 | €20,396 | €8,897 | -€11,498 | -56.4% |
| Total equity and liabilities | 10/49 | €1,537,505 | €1,672,292 | +€134,787 | +8.8% |
| Equity | 10/15 | €1,389,740 | €1,522,464 | +€132,724 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,377,340 | €1,510,064 | +€132,724 | +9.6% |
| Distributable reserves | 133 | €1,377,340 | €1,510,064 | +€132,724 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,765 | €149,828 | +€2,063 | +1.4% |
| Amounts payable within one year | 42/48 | €137,644 | €139,746 | +€2,102 | +1.5% |
| Trade debts | 44 | €3,421 | €3,151 | -€270 | -7.9% |
| Suppliers | 440/4 | €3,421 | €3,151 | -€270 | -7.9% |
| Taxes, remuneration and social security | 45 | €19,988 | €57,386 | +€37,398 | +187.1% |
| Taxes | 450/3 | €19,988 | €57,386 | +€37,398 | +187.1% |
| Other amounts payable | 47/48 | €114,235 | €79,209 | -€35,026 | -30.7% |
| Accrued charges and deferred income | 492/3 | €10,120 | €10,082 | -€38 | -0.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €1,113 | -€31 | -2.7% |
| Other operating charges | 640/8 | €1,579 | €3,558 | +€1,980 | +125.4% |
| Non-recurring operating charges | 66A | €270 | €0 | -€270 | -100.0% |
| Gross operating margin | 9900 | €296,033 | €591,416 | +€295,383 | +99.8% |
| Operating profit (loss) | 9901 | €293,042 | €586,745 | +€293,704 | +100.2% |
| Financial income | 75/76B | €14,029 | €35,259 | +€21,230 | +151.3% |
| Recurring financial income | 75 | €14,029 | €35,259 | +€21,230 | +151.3% |
| Financial charges | 65/66B | €12,832 | €11,758 | -€1,074 | -8.4% |
| Recurring financial charges | 65 | €12,832 | €11,758 | -€1,074 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €294,239 | €610,246 | +€316,007 | +107.4% |
| Income taxes | 67/77 | €94,958 | €195,589 | +€100,632 | +106.0% |
| Profit (loss) for the period | 9904 | €199,282 | €414,657 | +€215,375 | +108.1% |
| Profit (loss) for the period to be appropriated | 9905 | €199,282 | €414,657 | +€215,375 | +108.1% |
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 29 September 2026 via checked.be.