BENU Management: 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 Management
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€436,835
2025 · €429,668+€7,167
Equity
€51.1m
2025 · €50.6m+€436,835
Cash
-
not filed
Balance sheet total
€163.0m
2025 · €152.5m+€10.5m
Largest movements
Assets
- Receivables within one year +€7.8m
up €7.8m (+776.8%), from €1.0m to €8.8m
of which Trade receivables: +€8.3m
- Financial fixed assets +€2.5m
up €2.5m (+1.7%), from €151.4m to €153.9m
of which Affiliated companies: +€2.5m
Equity and liabilities
- Short-term financial debts +€10.6m
up €10.6m (+10.6%), from €100.0m to €110.7m
Income statement
- Financial charges -€1.2m
down €1.2m (-29.1%), from €4.1m to €2.9m
- Turnover -€374,835
down €374,835 (-3.8%), from €9.9m to €9.5m
- Staff costs +€339,615
up €339,615 (+17.9%), from €1.9m to €2.2m
- Services and other goods +€280,782
up €280,782 (+7.6%), from €3.7m to €4.0m
- Other operating income -€206,953
down €206,953 (-65.7%), from €314,955 to €108,002
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
€429,668
Turnover
-€374,835
Other operating income
-€206,953
Services and other goods
-€280,782
Staff costs
-€339,615
Depreciation
+€14,578
Other operating charges
-€5,457
Other operating items
-€21
Financial charges
+€1.2m
Taxes
-€3,478
Result 2026
€436,835
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,542,897 | €163,006,126 | +€10.5m | +6.9% |
| Fixed assets | 21/28 | €151,442,059 | €154,018,031 | +€2.6m | +1.7% |
| Intangible fixed assets | 21 | €28,352 | €64,302 | +€35,950 | +126.8% |
| Tangible fixed assets | 22/27 | €56,226 | €50,237 | -€5,989 | -10.7% |
| Land and buildings | 22 | €39,653 | €34,186 | -€5,467 | -13.8% |
| Furniture and vehicles | 24 | €16,573 | €16,051 | -€522 | -3.1% |
| Financial fixed assets | 28 | €151,357,481 | €153,903,492 | +€2.5m | +1.7% |
| Affiliated companies | 280/1 | €151,343,500 | €153,879,260 | +€2.5m | +1.7% |
| Participating interests | 280 | €151,343,500 | €153,879,260 | +€2.5m | +1.7% |
| Other financial fixed assets | 284/8 | €13,981 | €24,232 | +€10,251 | +73.3% |
| Amounts receivable and cash guarantees | 285/8 | €13,981 | €24,232 | +€10,251 | +73.3% |
| Current assets | 29/58 | €1,100,838 | €8,988,095 | +€7.9m | +716.5% |
| Amounts receivable within one year | 40/41 | €1,008,167 | €8,839,677 | +€7.8m | +776.8% |
| Trade receivables | 40 | €561,090 | €8,836,927 | +€8.3m | +1475.0% |
| Other amounts receivable | 41 | €447,077 | €2,750 | -€444,327 | -99.4% |
| Deferred charges and accrued income | 490/1 | €92,671 | €148,418 | +€55,747 | +60.2% |
| Total equity and liabilities | 10/49 | €152,542,897 | €163,006,126 | +€10.5m | +6.9% |
| Equity | 10/15 | €50,624,680 | €51,061,515 | +€436,835 | +0.9% |
| Contributions | 10/11 | €63,000,000 | €63,000,000 | = | 0.0% |
| Capital | 10 | €63,000,000 | €63,000,000 | = | 0.0% |
| Issued capital | 100 | €63,000,000 | €63,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,375,320 | -€11,938,485 | +€436,835 | +3.5% |
| Amounts payable | 17/49 | €101,918,217 | €111,944,611 | +€10.0m | +9.8% |
| Amounts payable within one year | 42/48 | €101,918,217 | €111,944,611 | +€10.0m | +9.8% |
| Financial debts | 43 | €100,039,678 | €110,668,716 | +€10.6m | +10.6% |
| Other loans | 439 | €100,039,678 | €110,668,716 | +€10.6m | +10.6% |
| Trade debts | 44 | €254,901 | €266,003 | +€11,102 | +4.4% |
| Suppliers | 440/4 | €254,901 | €266,003 | +€11,102 | +4.4% |
| Taxes, remuneration and social security | 45 | €471,730 | €482,637 | +€10,907 | +2.3% |
| Taxes | 450/3 | €161,566 | €125,697 | -€35,869 | -22.2% |
| Remuneration and social security | 454/9 | €310,164 | €356,940 | +€46,776 | +15.1% |
| Other amounts payable | 47/48 | €1,151,908 | €527,255 | -€624,653 | -54.2% |
| Operating income | 70/76A | €10,203,032 | €9,621,238 | -€581,794 | -5.7% |
| Turnover | 70 | €9,888,071 | €9,513,236 | -€374,835 | -3.8% |
| Other operating income | 74 | €314,955 | €108,002 | -€206,953 | -65.7% |
| Non-recurring operating income | 76A | €6 | - | -€6 | |
| Operating charges | 60/66A | €5,637,909 | €6,249,200 | +€611,291 | +10.8% |
| Services and other goods | 61 | €3,675,906 | €3,956,688 | +€280,782 | +7.6% |
| Remuneration, social security and pensions | 62 | €1,898,137 | €2,237,752 | +€339,615 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,643 | €28,065 | -€14,578 | -34.2% |
| Other operating charges | 640/8 | €21,223 | €26,680 | +€5,457 | +25.7% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Operating profit (loss) | 9901 | €4,565,123 | €3,372,038 | -€1.2m | -26.1% |
| Financial charges | 65/66B | €4,134,342 | €2,930,612 | -€1.2m | -29.1% |
| Recurring financial charges | 65 | €4,134,342 | €2,930,612 | -€1.2m | -29.1% |
| Debt charges | 650 | €4,129,964 | €2,925,540 | -€1.2m | -29.2% |
| Other financial charges | 652/9 | €4,378 | €5,072 | +€694 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €430,781 | €441,426 | +€10,645 | +2.5% |
| Income taxes | 67/77 | €1,113 | €4,591 | +€3,478 | +312.5% |
| Taxes | 670/3 | €1,178 | €4,591 | +€3,413 | +289.7% |
| Tax adjustments and reversals of tax provisions | 77 | €65 | - | -€65 | |
| Profit (loss) for the period | 9904 | €429,668 | €436,835 | +€7,167 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €429,668 | €436,835 | +€7,167 | +1.7% |
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 11 October 2026 via checked.be.