BENZ ART: 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.
BENZ ART
Largest movements
- Tangible fixed assets +€64,499
up €64,499 (+74.5%), from €86,629 to €151,128
of which Furniture and vehicles: +€74,878
- Receivables within one year +€14,880
up €14,880 (+15.5%), from €96,024 to €110,904
of which Trade receivables: +€35,148
- Cash -€9,984
down €9,984 (-57.0%), from €17,521 to €7,537
mainly Investment in fixed assets (net) (-€102,164) and Contributions, distributions and other (-€30,000)
- Debts after one year +€63,098
up €63,098 (+112%), from €56,178 to €119,276
- Trade debts +€15,309
up €15,309 (+62.6%), from €24,443 to €39,752
- Profit (loss) carried forward -€13,483
down €13,483 (-17.4%), from €77,673 to €64,189
- Short-term financial debts +€11,676
up €11,676 (+57.5%), from €20,319 to €31,995
- Tax, wage and social debts -€7,206
down €7,206 (-43.5%), from €16,563 to €9,357
- Depreciation +€20,947
up €20,947 (+125%), from €16,718 to €37,666
- Gross operating margin +€9,606
up €9,606 (+12.0%), from €79,836 to €89,442
- Financial charges -€2,755
down €2,755 (-9.7%), from €28,267 to €25,512
- Taxes -€1,092
down €1,092 (-13.1%), from €8,316 to €7,224
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 | €200,175 | €269,569 | +€69,394 | +34.7% |
| Fixed assets | 21/28 | €86,629 | €151,128 | +€64,499 | +74.5% |
| Tangible fixed assets | 22/27 | €86,629 | €151,128 | +€64,499 | +74.5% |
| Plant, machinery and equipment | 23 | €78,105 | €67,725 | -€10,380 | -13.3% |
| Furniture and vehicles | 24 | €8,525 | €83,403 | +€74,878 | +878% |
| Current assets | 29/58 | €113,546 | €118,441 | +€4,895 | +4.3% |
| Amounts receivable within one year | 40/41 | €96,024 | €110,904 | +€14,880 | +15.5% |
| Trade receivables | 40 | €58,789 | €93,937 | +€35,148 | +59.8% |
| Other amounts receivable | 41 | €37,235 | €16,967 | -€20,268 | -54.4% |
| Cash at bank and in hand | 54/58 | €17,521 | €7,537 | -€9,984 | -57.0% |
| Total equity and liabilities | 10/49 | €200,175 | €269,569 | +€69,394 | +34.7% |
| Equity | 10/15 | €82,673 | €69,189 | -€13,483 | -16.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,673 | €64,189 | -€13,483 | -17.4% |
| Amounts payable | 17/49 | €117,502 | €200,380 | +€82,877 | +70.5% |
| Amounts payable after more than one year | 17 | €56,178 | €119,276 | +€63,098 | +112% |
| Financial debts | 170/4 | €56,178 | €119,276 | +€63,098 | +112% |
| Amounts payable within one year | 42/48 | €61,324 | €81,104 | +€19,780 | +32.3% |
| Financial debts | 43 | €20,319 | €31,995 | +€11,676 | +57.5% |
| Credit institutions | 430/8 | €20,319 | €31,995 | +€11,676 | +57.5% |
| Trade debts | 44 | €24,443 | €39,752 | +€15,309 | +62.6% |
| Suppliers | 440/4 | €24,443 | €39,752 | +€15,309 | +62.6% |
| Taxes, remuneration and social security | 45 | €16,563 | €9,357 | -€7,206 | -43.5% |
| Taxes | 450/3 | €16,563 | €9,357 | -€7,206 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,718 | €37,666 | +€20,947 | +125% |
| Other operating charges | 640/8 | €1,736 | €2,535 | +€799 | +46.1% |
| Gross operating margin | 9900 | €79,836 | €89,442 | +€9,606 | +12.0% |
| Operating profit (loss) | 9901 | €61,382 | €49,242 | -€12,141 | -19.8% |
| Financial income | 75/76B | €1 | €11 | +€9 | +775% |
| Recurring financial income | 75 | €1 | €11 | +€9 | +775% |
| Financial charges | 65/66B | €28,267 | €25,512 | -€2,755 | -9.7% |
| Recurring financial charges | 65 | €28,267 | €25,512 | -€2,755 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €33,117 | €23,740 | -€9,376 | -28.3% |
| Income taxes | 67/77 | €8,316 | €7,224 | -€1,092 | -13.1% |
| Profit (loss) for the period | 9904 | €24,801 | €16,517 | -€8,284 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,801 | €16,517 | -€8,284 | -33.4% |
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 27 October 2026 via checked.be.