DR. BENATS CAROLINE: what changed
DR. BENATS CAROLINE
Largest movements
- Receivables within one year +€122,872
up €122,872 (+53.2%), from €230,800 to €353,672
of which Other amounts receivable: +€122,872
- Cash -€88,512
down €88,512 (-64.8%), from €136,524 to €48,012
mainly Receivables within one year (-€122,872) and Investment in fixed assets (net) (-€32,872)
- Tangible fixed assets +€8,969
up €8,969 (+12.1%), from €73,872 to €82,841
of which Land and buildings: +€32,043
- Reserves +€85,785
up €85,785 (+27.7%), from €309,310 to €395,095
of which Distributable reserves: +€87,645
- Debts after one year -€17,994
down €17,994 (-30.2%), from €59,632 to €41,638
- Tax, wage and social debts -€15,983
down €15,983 (-55.4%), from €28,858 to €12,876
- Trade debts -€8,239
down €8,239 (-88.1%), from €9,355 to €1,116
- Gross operating margin +€24,203
up €24,203 (+18.6%), from €130,197 to €154,399
- Financial income -€16,542
down €16,542 (-99.1%), from €16,693 to €151
of which Non-recurring financial income: -€16,500
- Depreciation -€12,119
down €12,119 (-30.9%), from €39,188 to €27,069
- Taxes +€7,017
up €7,017 (+24.3%), from €28,858 to €35,876
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,920 | €487,412 | +€40,492 | +9.1% |
| Fixed assets | 21/28 | €77,039 | €82,842 | +€5,803 | +7.5% |
| Intangible fixed assets | 21 | €3,167 | €1 | -€3,166 | -100.0% |
| Tangible fixed assets | 22/27 | €73,872 | €82,841 | +€8,969 | +12.1% |
| Land and buildings | 22 | - | €32,043 | +€32,043 | |
| Plant, machinery and equipment | 23 | €2,658 | €2,268 | -€390 | -14.7% |
| Furniture and vehicles | 24 | €71,215 | €48,530 | -€22,685 | -31.9% |
| Current assets | 29/58 | €369,881 | €404,570 | +€34,689 | +9.4% |
| Amounts receivable within one year | 40/41 | €230,800 | €353,672 | +€122,872 | +53.2% |
| Trade receivables | 40 | €5,800 | €5,800 | = | 0.0% |
| Other amounts receivable | 41 | €225,000 | €347,872 | +€122,872 | +54.6% |
| Cash at bank and in hand | 54/58 | €136,524 | €48,012 | -€88,512 | -64.8% |
| Deferred charges and accrued income | 490/1 | €2,557 | €2,885 | +€329 | +12.9% |
| Total equity and liabilities | 10/49 | €446,920 | €487,412 | +€40,492 | +9.1% |
| Equity | 10/15 | €327,910 | €413,695 | +€85,785 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,310 | €395,095 | +€85,785 | +27.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €307,450 | €395,095 | +€87,645 | +28.5% |
| Amounts payable | 17/49 | €119,009 | €73,716 | -€45,293 | -38.1% |
| Amounts payable after more than one year | 17 | €59,632 | €41,638 | -€17,994 | -30.2% |
| Financial debts | 170/4 | €59,632 | €41,638 | -€17,994 | -30.2% |
| Amounts payable within one year | 42/48 | €55,820 | €31,985 | -€23,835 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €17,264 | €17,994 | +€730 | +4.2% |
| Trade debts | 44 | €9,355 | €1,116 | -€8,239 | -88.1% |
| Suppliers | 440/4 | €9,355 | €1,116 | -€8,239 | -88.1% |
| Taxes, remuneration and social security | 45 | €28,858 | €12,876 | -€15,983 | -55.4% |
| Taxes | 450/3 | €28,858 | €12,876 | -€15,983 | -55.4% |
| Other amounts payable | 47/48 | €343 | €0 | -€343 | -100% |
| Accrued charges and deferred income | 492/3 | €3,557 | €93 | -€3,464 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,188 | €27,069 | -€12,119 | -30.9% |
| Other operating charges | 640/8 | €1,434 | €2,220 | +€786 | +54.8% |
| Gross operating margin | 9900 | €130,197 | €154,399 | +€24,203 | +18.6% |
| Operating profit (loss) | 9901 | €89,575 | €125,110 | +€35,536 | +39.7% |
| Financial income | 75/76B | €16,693 | €151 | -€16,542 | -99.1% |
| Recurring financial income | 75 | €193 | €151 | -€42 | -21.8% |
| Non-recurring financial income | 76B | €16,500 | €0 | -€16,500 | -100% |
| Financial charges | 65/66B | €3,703 | €3,600 | -€103 | -2.8% |
| Recurring financial charges | 65 | €3,703 | €3,600 | -€103 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €102,564 | €121,661 | +€19,096 | +18.6% |
| Income taxes | 67/77 | €28,858 | €35,876 | +€7,017 | +24.3% |
| Profit (loss) for the period | 9904 | €73,706 | €85,785 | +€12,079 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,706 | €85,785 | +€12,079 | +16.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.