BENWORKS: 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.
BENWORKS
Largest movements
- Tangible fixed assets -€29,699
down €29,699 (-50.6%), from €58,718 to €29,019
of which Furniture and vehicles: -€28,257
- Receivables within one year +€5,599
up €5,599 (+17.3%), from €32,442 to €38,041
of which Other amounts receivable: +€14,954
- Cash +€4,126
up €4,126 (+39.4%), from €10,477 to €14,603
mainly Net result for the year (+€31,206) and Investment in fixed assets (net) (+€16,079)
- Deferred charges and accrued income +€1,213
up €1,213 (+33.5%), from €3,623 to €4,836
- Reserves -€22,136
down €22,136 (-32.9%), from €67,185 to €45,049
of which Distributable reserves: -€22,136
- Other debts +€10,728
up €10,728 (+551%), from €1,946 to €12,675
- Trade debts -€8,456
down €8,456 (-63.0%), from €13,415 to €4,960
- Tax, wage and social debts +€2,139
up €2,139 (+13.1%), from €16,276 to €18,415
- Depreciation -€7,820
down €7,820 (-36.5%), from €21,440 to €13,620
- Financial income +€1,859
up €1,859 (+12,981%), from €14 to €1,873
- Financial charges -€1,680
down €1,680 (-66.5%), from €2,527 to €847
- Gross operating margin -€1,652
down €1,652 (-2.7%), from €61,803 to €60,151
- Taxes +€1,270
up €1,270 (+17.4%), from €7,302 to €8,573
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.
Derived cash bridge
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 | €112,260 | €93,498 | -€18,761 | -16.7% |
| Fixed assets | 21/28 | €58,718 | €29,019 | -€29,699 | -50.6% |
| Tangible fixed assets | 22/27 | €58,718 | €29,019 | -€29,699 | -50.6% |
| Plant, machinery and equipment | 23 | €1,832 | €1,414 | -€418 | -22.8% |
| Furniture and vehicles | 24 | €50,866 | €22,609 | -€28,257 | -55.6% |
| Other tangible fixed assets | 26 | €6,020 | €4,996 | -€1,024 | -17.0% |
| Current assets | 29/58 | €53,542 | €64,480 | +€10,938 | +20.4% |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,442 | €38,041 | +€5,599 | +17.3% |
| Trade receivables | 40 | €30,089 | €20,735 | -€9,355 | -31.1% |
| Other amounts receivable | 41 | €2,353 | €17,306 | +€14,954 | +636% |
| Cash at bank and in hand | 54/58 | €10,477 | €14,603 | +€4,126 | +39.4% |
| Deferred charges and accrued income | 490/1 | €3,623 | €4,836 | +€1,213 | +33.5% |
| Total equity and liabilities | 10/49 | €112,260 | €93,498 | -€18,761 | -16.7% |
| Equity | 10/15 | €79,585 | €57,449 | -€22,136 | -27.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,185 | €45,049 | -€22,136 | -32.9% |
| Tax-exempt reserves | 132 | €10,537 | €10,537 | = | 0.0% |
| Distributable reserves | 133 | €56,648 | €34,512 | -€22,136 | -39.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,674 | €36,049 | +€3,375 | +10.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,674 | €36,049 | +€3,375 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €1,037 | €0 | -€1,037 | -100% |
| Trade debts | 44 | €13,415 | €4,960 | -€8,456 | -63.0% |
| Suppliers | 440/4 | €13,415 | €4,960 | -€8,456 | -63.0% |
| Taxes, remuneration and social security | 45 | €16,276 | €18,415 | +€2,139 | +13.1% |
| Taxes | 450/3 | €16,276 | €18,415 | +€2,139 | +13.1% |
| Other amounts payable | 47/48 | €1,946 | €12,675 | +€10,728 | +551% |
| Non-recurring operating income | 76A | - | €1,441 | +€1,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,440 | €13,620 | -€7,820 | -36.5% |
| Other operating charges | 640/8 | €2,078 | €1,555 | -€523 | -25.2% |
| Non-recurring operating charges | 66A | €1,028 | €6,223 | +€5,195 | +505% |
| Gross operating margin | 9900 | €61,803 | €60,151 | -€1,652 | -2.7% |
| Operating profit (loss) | 9901 | €37,257 | €38,752 | +€1,495 | +4.0% |
| Financial income | 75/76B | €14 | €1,873 | +€1,859 | +12,981% |
| Recurring financial income | 75 | €14 | €1,873 | +€1,859 | +12,981% |
| Financial charges | 65/66B | €2,527 | €847 | -€1,680 | -66.5% |
| Recurring financial charges | 65 | €2,527 | €847 | -€1,680 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €34,744 | €39,778 | +€5,034 | +14.5% |
| Income taxes | 67/77 | €7,302 | €8,573 | +€1,270 | +17.4% |
| Profit (loss) for the period | 9904 | €27,442 | €31,206 | +€3,764 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,442 | €31,206 | +€3,764 | +13.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.