BENVENUTO: 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.
BENVENUTO
Largest movements
- Cash +€28,458
up €28,458 (+17.4%), from €163,892 to €192,350
mainly Net result for the year (+€18,751) and Receivables within one year (+€13,430)
- Receivables within one year -€13,430
down €13,430 (-69.6%), from €19,285 to €5,854
of which Other amounts receivable: -€13,709
- Tangible fixed assets -€4,205
down €4,205 (-12.7%), from €33,099 to €28,895
of which Furniture and vehicles: -€7,414
- Reserves +€18,751
up €18,751 (+19.3%), from €97,386 to €116,137
of which Distributable reserves: +€18,751
- Tax, wage and social debts -€8,319
down €8,319 (-38.7%), from €21,505 to €13,186
of which Remuneration and social security: -€5,304
- Gross operating margin +€36,412
up €36,412 (+29.4%), from €123,740 to €160,152
- Staff costs +€29,396
up €29,396 (+31.4%), from €93,473 to €122,869
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 | €217,710 | €229,012 | +€11,303 | +5.2% |
| Fixed assets | 21/28 | €33,397 | €29,192 | -€4,205 | -12.6% |
| Tangible fixed assets | 22/27 | €33,099 | €28,895 | -€4,205 | -12.7% |
| Land and buildings | 22 | €1,736 | €1,302 | -€434 | -25.0% |
| Plant, machinery and equipment | 23 | €3,650 | €7,293 | +€3,643 | +99.8% |
| Furniture and vehicles | 24 | €27,714 | €20,300 | -€7,414 | -26.8% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €184,313 | €199,820 | +€15,507 | +8.4% |
| Stocks and contracts in progress | 3 | €1,136 | €1,616 | +€480 | +42.2% |
| Stocks | 30/36 | €1,136 | €1,616 | +€480 | +42.2% |
| Amounts receivable within one year | 40/41 | €19,285 | €5,854 | -€13,430 | -69.6% |
| Trade receivables | 40 | - | €279 | +€279 | |
| Other amounts receivable | 41 | €19,285 | €5,575 | -€13,709 | -71.1% |
| Cash at bank and in hand | 54/58 | €163,892 | €192,350 | +€28,458 | +17.4% |
| Total equity and liabilities | 10/49 | €217,710 | €229,012 | +€11,303 | +5.2% |
| Equity | 10/15 | €171,754 | €190,505 | +€18,751 | +10.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | - | €74,368 | +€74,368 | |
| Issued capital | 100 | - | €74,368 | +€74,368 | |
| Outside capital | 11 | €74,368 | - | -€74,368 | |
| Other | 1109/19 | €74,368 | - | -€74,368 | |
| Reserves | 13 | €97,386 | €116,137 | +€18,751 | +19.3% |
| Non-distributable reserves | 130/1 | €4,210 | €4,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,210 | €4,210 | = | 0.0% |
| Distributable reserves | 133 | €93,176 | €111,927 | +€18,751 | +20.1% |
| Amounts payable | 17/49 | €45,956 | €38,507 | -€7,448 | -16.2% |
| Amounts payable within one year | 42/48 | €45,956 | €38,507 | -€7,448 | -16.2% |
| Trade debts | 44 | €24,435 | €25,306 | +€871 | +3.6% |
| Suppliers | 440/4 | €24,435 | €25,306 | +€871 | +3.6% |
| Taxes, remuneration and social security | 45 | €21,505 | €13,186 | -€8,319 | -38.7% |
| Taxes | 450/3 | €5,671 | €2,656 | -€3,015 | -53.2% |
| Remuneration and social security | 454/9 | €15,834 | €10,530 | -€5,304 | -33.5% |
| Other amounts payable | 47/48 | €15 | €15 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €93,473 | €122,869 | +€29,396 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,864 | €9,910 | +€1,046 | +11.8% |
| Other operating charges | 640/8 | €394 | €273 | -€121 | -30.7% |
| Non-recurring operating charges | 66A | €67 | - | -€67 | |
| Gross operating margin | 9900 | €123,740 | €160,152 | +€36,412 | +29.4% |
| Operating profit (loss) | 9901 | €20,943 | €27,101 | +€6,158 | +29.4% |
| Financial income | 75/76B | €118 | €46 | -€72 | -61.3% |
| Recurring financial income | 75 | €118 | €46 | -€72 | -61.3% |
| Financial charges | 65/66B | €120 | €114 | -€6 | -5.0% |
| Recurring financial charges | 65 | €120 | €114 | -€6 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €20,941 | €27,033 | +€6,091 | +29.1% |
| Income taxes | 67/77 | €9,410 | €8,282 | -€1,128 | -12.0% |
| Profit (loss) for the period | 9904 | €11,531 | €18,751 | +€7,220 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,531 | €18,751 | +€7,220 | +62.6% |
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 2 October 2026 via checked.be.