FETS BENNY: 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.
FETS BENNY
Largest movements
- Tangible fixed assets +€790,875
up €790,875 (+226.1%), from €349,718 to €1.1m
of which Land and buildings: +€781,341
- Other debts +€486,127
up €486,127 (+447.0%), from €108,755 to €594,882
- Contributions +€200,000
up €200,000 (+312.4%), from €64,020 to €264,020
- Debts after one year +€128,955
up €128,955 (+118.3%), from €108,967 to €237,921
- Reserves -€41,253
down €41,253 (-33.8%), from €122,049 to €80,796
- Gross operating margin +€155,994
up €155,994 (+177.4%), from €87,957 to €243,951
- Depreciation +€90,577
up €90,577 (+303.7%), from €29,824 to €120,402
- Financial charges +€20,728
up €20,728 (+332.9%), from €6,227 to €26,955
- Financial income -€11,711
down €11,711 (-100.0%), from €11,711 to €0
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 | €435,562 | €1,219,282 | +€783,720 | +179.9% |
| Fixed assets | 21/28 | €349,718 | €1,140,592 | +€790,875 | +226.1% |
| Tangible fixed assets | 22/27 | €349,718 | €1,140,592 | +€790,875 | +226.1% |
| Land and buildings | 22 | €311,013 | €1,092,353 | +€781,341 | +251.2% |
| Plant, machinery and equipment | 23 | €23,322 | €39,956 | +€16,634 | +71.3% |
| Furniture and vehicles | 24 | €15,383 | €8,283 | -€7,100 | -46.2% |
| Current assets | 29/58 | €85,845 | €78,690 | -€7,155 | -8.3% |
| Amounts receivable within one year | 40/41 | €20,790 | €19,743 | -€1,046 | -5.0% |
| Trade receivables | 40 | €9,902 | €12,943 | +€3,041 | +30.7% |
| Other amounts receivable | 41 | €10,888 | €6,801 | -€4,088 | -37.5% |
| Cash at bank and in hand | 54/58 | €65,055 | €58,946 | -€6,109 | -9.4% |
| Total equity and liabilities | 10/49 | €435,562 | €1,219,282 | +€783,720 | +179.9% |
| Equity | 10/15 | €186,069 | €344,816 | +€158,747 | +85.3% |
| Contributions | 10/11 | €64,020 | €264,020 | +€200,000 | +312.4% |
| Reserves | 13 | €122,049 | €80,796 | -€41,253 | -33.8% |
| Distributable reserves | 133 | €122,049 | €80,796 | -€41,253 | -33.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €249,493 | €874,466 | +€624,973 | +250.5% |
| Amounts payable after more than one year | 17 | €108,967 | €237,921 | +€128,955 | +118.3% |
| Financial debts | 170/4 | €108,967 | €237,921 | +€128,955 | +118.3% |
| Amounts payable within one year | 42/48 | €140,526 | €636,544 | +€496,018 | +353.0% |
| Current portion of amounts payable after more than one year | 42 | €9,393 | €17,287 | +€7,894 | +84.0% |
| Trade debts | 44 | €16,848 | €15,478 | -€1,371 | -8.1% |
| Suppliers | 440/4 | €16,848 | €15,478 | -€1,371 | -8.1% |
| Taxes, remuneration and social security | 45 | €5,529 | €8,897 | +€3,368 | +60.9% |
| Taxes | 450/3 | €5,529 | €8,897 | +€3,368 | +60.9% |
| Other amounts payable | 47/48 | €108,755 | €594,882 | +€486,127 | +447.0% |
| Remuneration, social security and pensions | 62 | €42,811 | €43,814 | +€1,003 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,824 | €120,402 | +€90,577 | +303.7% |
| Other operating charges | 640/8 | €1,183 | €3,202 | +€2,019 | +170.7% |
| Non-recurring operating charges | 66A | €3,544 | €29,376 | +€25,832 | +728.9% |
| Gross operating margin | 9900 | €87,957 | €243,951 | +€155,994 | +177.4% |
| Operating profit (loss) | 9901 | €10,595 | €47,157 | +€36,562 | +345.1% |
| Financial income | 75/76B | €11,711 | €0 | -€11,711 | -100.0% |
| Recurring financial income | 75 | €11,711 | €0 | -€11,711 | -100.0% |
| Financial charges | 65/66B | €6,227 | €26,955 | +€20,728 | +332.9% |
| Recurring financial charges | 65 | €6,227 | €26,955 | +€20,728 | +332.9% |
| Profit (loss) for the period before taxes | 9903 | €16,079 | €20,203 | +€4,124 | +25.6% |
| Income taxes | 67/77 | €4,474 | €2,585 | -€1,889 | -42.2% |
| Profit (loss) for the period | 9904 | €11,604 | €17,617 | +€6,013 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,604 | €17,617 | +€6,013 | +51.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.