BENWATT: 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.
BENWATT
Largest movements
- Cash +€3,722
up €3,722 (+4.6%), from €81,560 to €85,282
mainly Net result for the year (+€15,721) and Depreciation (+€1,708)
- Tangible fixed assets -€1,708
down €1,708 (-2.9%), from €59,906 to €58,198
of which Land and buildings: -€892
- Deferred charges and accrued income +€1,507
new in 2025: €1,507
- Profit (loss) carried forward +€15,721
up €15,721 (+37.8%), from -€41,574 to -€25,853
- Trade debts -€11,144
down €11,144 (-16.3%), from €68,228 to €57,085
- Gross operating margin +€14,555
up €14,555 (+278.1%), from €5,234 to €19,790
- Depreciation -€350
down €350 (-17.0%), from €2,058 to €1,708
- Other operating charges +€218
up €218 (+10.7%), from €2,047 to €2,265
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 | €145,224 | €149,533 | +€4,310 | +3.0% |
| Fixed assets | 21/28 | €59,906 | €58,448 | -€1,458 | -2.4% |
| Tangible fixed assets | 22/27 | €59,906 | €58,198 | -€1,708 | -2.9% |
| Land and buildings | 22 | €56,718 | €55,826 | -€892 | -1.6% |
| Plant, machinery and equipment | 23 | €3,188 | €2,373 | -€816 | -25.6% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €85,317 | €91,085 | +€5,768 | +6.8% |
| Stocks and contracts in progress | 3 | €2,560 | €2,560 | = | 0.0% |
| Stocks | 30/36 | €2,560 | €2,560 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,198 | €1,736 | +€539 | +45.0% |
| Trade receivables | 40 | €636 | €1,163 | +€527 | +82.8% |
| Other amounts receivable | 41 | €562 | €573 | +€12 | +2.1% |
| Cash at bank and in hand | 54/58 | €81,560 | €85,282 | +€3,722 | +4.6% |
| Deferred charges and accrued income | 490/1 | - | €1,507 | +€1,507 | |
| Total equity and liabilities | 10/49 | €145,224 | €149,533 | +€4,310 | +3.0% |
| Equity | 10/15 | -€16,125 | -€404 | +€15,721 | +97.5% |
| Contributions | 10/11 | €22,610 | €22,610 | = | 0.0% |
| Reserves | 13 | €2,839 | €2,839 | = | 0.0% |
| Distributable reserves | 133 | €2,839 | €2,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,574 | -€25,853 | +€15,721 | +37.8% |
| Amounts payable | 17/49 | €161,349 | €149,937 | -€11,412 | -7.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,649 | €134,137 | -€11,512 | -7.9% |
| Trade debts | 44 | €68,228 | €57,085 | -€11,144 | -16.3% |
| Suppliers | 440/4 | €68,228 | €57,085 | -€11,144 | -16.3% |
| Taxes, remuneration and social security | 45 | €494 | - | -€494 | |
| Taxes | 450/3 | €494 | - | -€494 | |
| Other amounts payable | 47/48 | €76,926 | €77,052 | +€126 | +0.2% |
| Accrued charges and deferred income | 492/3 | €700 | €800 | +€100 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,058 | €1,708 | -€350 | -17.0% |
| Other operating charges | 640/8 | €2,047 | €2,265 | +€218 | +10.7% |
| Gross operating margin | 9900 | €5,234 | €19,790 | +€14,555 | +278.1% |
| Operating profit (loss) | 9901 | €1,129 | €15,816 | +€14,687 | +1300.9% |
| Financial charges | 65/66B | €39 | €95 | +€56 | +142.3% |
| Recurring financial charges | 65 | €39 | €95 | +€56 | +142.3% |
| Profit (loss) for the period before taxes | 9903 | €1,090 | €15,721 | +€14,631 | +1342.5% |
| Profit (loss) for the period | 9904 | €1,090 | €15,721 | +€14,631 | +1342.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,090 | €15,721 | +€14,631 | +1342.5% |
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 8 October 2026 via checked.be.