Benuts: 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.
Benuts
Largest movements
- Receivables within one year -€552,924
down €552,924 (-36.7%), from €1.5m to €954,426
of which Trade receivables: -€471,258
- Tangible fixed assets +€431,095
up €431,095 (+192.8%), from €223,655 to €654,750
of which Land and buildings: +€434,130
- Intangible fixed assets +€328,002
up €328,002 (+319.7%), from €102,609 to €430,611
- Cash -€90,851
down €90,851 (-76.4%), from €118,857 to €28,006
- Trade debts -€904,910
down €904,910 (-55.1%), from €1.6m to €738,095
- Debts after one year +€360,458
up €360,458 (+364.2%), from €98,962 to €459,419
- Short-term financial debts +€202,376
new in 2025: €202,376
- Other debts +€167,771
up €167,771 (+4176.0%), from €4,017 to €171,788
- Accrued charges and deferred income +€164,599
up €164,599 (+45568.8%), from €361 to €164,960
- Gross operating margin +€1.1m
up €1.1m (+91.5%), from €1.2m to €2.3m
- Staff costs +€962,528
up €962,528 (+96.3%), from €999,003 to €2.0m
- Depreciation +€165,375
up €165,375 (+148.7%), from €111,191 to €276,566
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,413,286 | €2,527,880 | +€114,594 | +4.7% |
| Fixed assets | 21/28 | €369,984 | €1,116,082 | +€746,097 | +201.7% |
| Intangible fixed assets | 21 | €102,609 | €430,611 | +€328,002 | +319.7% |
| Tangible fixed assets | 22/27 | €223,655 | €654,750 | +€431,095 | +192.8% |
| Land and buildings | 22 | - | €434,130 | +€434,130 | |
| Plant, machinery and equipment | 23 | €4,397 | €3,288 | -€1,109 | -25.2% |
| Furniture and vehicles | 24 | €106,721 | €135,164 | +€28,443 | +26.7% |
| Other tangible fixed assets | 26 | €112,536 | €82,169 | -€30,368 | -27.0% |
| Financial fixed assets | 28 | €43,720 | €30,720 | -€13,000 | -29.7% |
| Current assets | 29/58 | €2,043,301 | €1,411,798 | -€631,503 | -30.9% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,507,351 | €954,426 | -€552,924 | -36.7% |
| Trade receivables | 40 | €1,425,684 | €954,426 | -€471,258 | -33.1% |
| Other amounts receivable | 41 | €81,667 | €0 | -€81,667 | -100.0% |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,857 | €28,006 | -€90,851 | -76.4% |
| Deferred charges and accrued income | 490/1 | €112,094 | €124,366 | +€12,272 | +10.9% |
| Total equity and liabilities | 10/49 | €2,413,286 | €2,527,880 | +€114,594 | +4.7% |
| Equity | 10/15 | €417,669 | €422,218 | +€4,549 | +1.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,919 | €353,468 | +€4,549 | +1.3% |
| Amounts payable | 17/49 | €1,995,617 | €2,105,662 | +€110,045 | +5.5% |
| Amounts payable after more than one year | 17 | €98,962 | €459,419 | +€360,458 | +364.2% |
| Financial debts | 170/4 | €98,962 | €459,419 | +€360,458 | +364.2% |
| Amounts payable within one year | 42/48 | €1,896,294 | €1,481,283 | -€415,011 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €30,762 | €135,798 | +€105,036 | +341.4% |
| Financial debts | 43 | - | €202,376 | +€202,376 | |
| Other loans | 439 | - | €202,376 | +€202,376 | |
| Trade debts | 44 | €1,643,005 | €738,095 | -€904,910 | -55.1% |
| Suppliers | 440/4 | €1,643,005 | €738,095 | -€904,910 | -55.1% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €213,510 | €233,226 | +€19,716 | +9.2% |
| Taxes | 450/3 | €66,181 | €105,093 | +€38,912 | +58.8% |
| Remuneration and social security | 454/9 | €147,329 | €128,134 | -€19,195 | -13.0% |
| Other amounts payable | 47/48 | €4,017 | €171,788 | +€167,771 | +4176.0% |
| Accrued charges and deferred income | 492/3 | €361 | €164,960 | +€164,599 | +45568.8% |
| Remuneration, social security and pensions | 62 | €999,003 | €1,961,531 | +€962,528 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,191 | €276,566 | +€165,375 | +148.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,635 | €0 | -€3,635 | -100.0% |
| Other operating charges | 640/8 | €2,196 | €4,318 | +€2,121 | +96.6% |
| Non-recurring operating charges | 66A | - | €393 | +€393 | |
| Gross operating margin | 9900 | €1,181,473 | €2,262,799 | +€1.1m | +91.5% |
| Operating profit (loss) | 9901 | €65,447 | €19,992 | -€45,455 | -69.5% |
| Financial income | 75/76B | €1,326 | €9,641 | +€8,315 | +627.2% |
| Recurring financial income | 75 | €1,326 | €9,641 | +€8,315 | +627.2% |
| Financial charges | 65/66B | €5,678 | €17,030 | +€11,352 | +199.9% |
| Recurring financial charges | 65 | €5,678 | €17,030 | +€11,352 | +199.9% |
| Profit (loss) for the period before taxes | 9903 | €61,094 | €12,603 | -€48,491 | -79.4% |
| Income taxes | 67/77 | €25,407 | €8,054 | -€17,353 | -68.3% |
| Profit (loss) for the period | 9904 | €35,688 | €4,549 | -€31,138 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,688 | €4,549 | -€31,138 | -87.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 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.