P & J Benedict: 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.
P & J Benedict
Largest movements
- Tangible fixed assets -€10,114
down €10,114 (-29.8%), from €33,922 to €23,808
of which Leasing and similar rights: -€6,974
- Receivables within one year +€7,001
up €7,001 (+13.6%), from €51,542 to €58,543
of which Other amounts receivable: +€7,700
- Cash +€4,471
up €4,471 (+11.0%), from €40,708 to €45,180
mainly Trade debts (+€8,253) and Depreciation (+€7,802)
- Deferred charges and accrued income +€1,532
new in 2025: €1,532
- Trade debts +€8,253
up €8,253 (+25.6%), from €32,243 to €40,496
- Debts after one year -€6,907
down €6,907 (-30.0%), from €22,990 to €16,082
- Profit (loss) carried forward +€1,972
up €1,972 (+2,710%), from €73 to €2,045
- Gross operating margin -€46,288
down €46,288 (-23.6%), from €196,266 to €149,977
- Taxes -€14,888
down €14,888 (-87.3%), from €17,048 to €2,160
- Financial income -€10,962
no longer reported in 2025 (was €10,962)
- Staff costs -€7,363
down €7,363 (-5.2%), from €141,118 to €133,755
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 | €127,732 | €130,623 | +€2,891 | +2.3% |
| Fixed assets | 21/28 | €35,482 | €25,368 | -€10,114 | -28.5% |
| Tangible fixed assets | 22/27 | €33,922 | €23,808 | -€10,114 | -29.8% |
| Plant, machinery and equipment | 23 | €4,138 | €1,447 | -€2,691 | -65.0% |
| Furniture and vehicles | 24 | €516 | €67 | -€449 | -87.1% |
| Leasing and similar rights | 25 | €29,268 | €22,294 | -€6,974 | -23.8% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €92,250 | €105,255 | +€13,005 | +14.1% |
| Amounts receivable within one year | 40/41 | €51,542 | €58,543 | +€7,001 | +13.6% |
| Trade receivables | 40 | €51,542 | €50,843 | -€699 | -1.4% |
| Other amounts receivable | 41 | - | €7,700 | +€7,700 | |
| Cash at bank and in hand | 54/58 | €40,708 | €45,180 | +€4,471 | +11.0% |
| Deferred charges and accrued income | 490/1 | - | €1,532 | +€1,532 | |
| Total equity and liabilities | 10/49 | €127,732 | €130,623 | +€2,891 | +2.3% |
| Equity | 10/15 | €48,233 | €50,205 | +€1,972 | +4.1% |
| Contributions | 10/11 | €23,600 | €23,600 | = | 0.0% |
| Reserves | 13 | €24,560 | €24,560 | = | 0.0% |
| Distributable reserves | 133 | €24,560 | €24,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73 | €2,045 | +€1,972 | +2,710% |
| Amounts payable | 17/49 | €79,499 | €80,418 | +€919 | +1.2% |
| Amounts payable after more than one year | 17 | €22,990 | €16,082 | -€6,907 | -30.0% |
| Financial debts | 170/4 | €22,990 | €16,082 | -€6,907 | -30.0% |
| Amounts payable within one year | 42/48 | €56,510 | €64,336 | +€7,826 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €6,602 | €6,344 | -€258 | -3.9% |
| Trade debts | 44 | €32,243 | €40,496 | +€8,253 | +25.6% |
| Suppliers | 440/4 | €32,243 | €40,496 | +€8,253 | +25.6% |
| Taxes, remuneration and social security | 45 | €17,396 | €17,497 | +€101 | +0.6% |
| Taxes | 450/3 | €4,655 | €4,923 | +€268 | +5.8% |
| Remuneration and social security | 454/9 | €12,741 | €12,574 | -€167 | -1.3% |
| Other amounts payable | 47/48 | €269 | - | -€269 | |
| Remuneration, social security and pensions | 62 | €141,118 | €133,755 | -€7,363 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,423 | €7,802 | +€1,379 | +21.5% |
| Other operating charges | 640/8 | €2,821 | €2,617 | -€205 | -7.3% |
| Gross operating margin | 9900 | €196,266 | €149,977 | -€46,288 | -23.6% |
| Operating profit (loss) | 9901 | €45,903 | €5,804 | -€40,099 | -87.4% |
| Financial income | 75/76B | €10,962 | - | -€10,962 | |
| Recurring financial income | 75 | €10,962 | - | -€10,962 | |
| Financial charges | 65/66B | €1,693 | €1,672 | -€22 | -1.3% |
| Recurring financial charges | 65 | €1,693 | €1,672 | -€22 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €55,172 | €4,132 | -€51,040 | -92.5% |
| Income taxes | 67/77 | €17,048 | €2,160 | -€14,888 | -87.3% |
| Profit (loss) for the period | 9904 | €38,124 | €1,972 | -€36,152 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,124 | €1,972 | -€36,152 | -94.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.