BANECO: 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.
BANECO
Largest movements
- Tangible fixed assets -€251,959
down €251,959 (-40.8%), from €618,188 to €366,229
of which Land and buildings: -€249,959
- Cash +€121,491
up €121,491 (+214%), from €56,778 to €178,269
mainly Investment in fixed assets (net) (+€204,211) and Net result for the year (+€55,610)
- Financial fixed assets +€40,000
up €40,000 (+97.6%), from €41,000 to €81,000
- Receivables within one year -€11,895
down €11,895 (-40.5%), from €29,378 to €17,483
of which Other amounts receivable: -€12,500
- Other debts -€111,109
down €111,109 (-82.1%), from €135,293 to €24,184
- Gross operating margin +€53,867
up €53,867 (+142%), from €38,019 to €91,886
- Depreciation -€48,565
down €48,565 (-86.2%), from €56,313 to €7,748
- Financial income -€44,709
down €44,709 (-100%), from €44,709 to €0
- Taxes +€18,095
up €18,095 (+395%), from €4,578 to €22,673
- Other operating charges +€1,900
up €1,900 (+98.4%), from €1,931 to €3,831
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 | €1,153,345 | €1,050,929 | -€102,416 | -8.9% |
| Fixed assets | 21/28 | €659,188 | €447,229 | -€211,959 | -32.2% |
| Tangible fixed assets | 22/27 | €618,188 | €366,229 | -€251,959 | -40.8% |
| Land and buildings | 22 | €611,163 | €361,204 | -€249,959 | -40.9% |
| Plant, machinery and equipment | 23 | €4,182 | €2,766 | -€1,416 | -33.9% |
| Furniture and vehicles | 24 | €2,844 | €2,259 | -€584 | -20.6% |
| Financial fixed assets | 28 | €41,000 | €81,000 | +€40,000 | +97.6% |
| Current assets | 29/58 | €494,157 | €603,700 | +€109,543 | +22.2% |
| Amounts receivable within one year | 40/41 | €29,378 | €17,483 | -€11,895 | -40.5% |
| Trade receivables | 40 | €16,878 | €17,483 | +€605 | +3.6% |
| Other amounts receivable | 41 | €12,500 | €0 | -€12,500 | -100% |
| Current investments | 50/53 | €406,565 | €406,565 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,778 | €178,269 | +€121,491 | +214% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,382 | -€53 | -3.7% |
| Total equity and liabilities | 10/49 | €1,153,345 | €1,050,929 | -€102,416 | -8.9% |
| Equity | 10/15 | €991,901 | €1,000,261 | +€8,360 | +0.8% |
| Contributions | 10/11 | €74,270 | €74,270 | = | 0.0% |
| Reserves | 13 | €917,631 | €925,991 | +€8,360 | +0.9% |
| Distributable reserves | 133 | €917,631 | €925,991 | +€8,360 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €161,444 | €50,668 | -€110,776 | -68.6% |
| Amounts payable within one year | 42/48 | €158,906 | €46,101 | -€112,805 | -71.0% |
| Trade debts | 44 | €4,366 | €3,861 | -€505 | -11.6% |
| Suppliers | 440/4 | €4,366 | €3,861 | -€505 | -11.6% |
| Taxes, remuneration and social security | 45 | €19,247 | €18,055 | -€1,192 | -6.2% |
| Taxes | 450/3 | €13,716 | €14,678 | +€962 | +7.0% |
| Remuneration and social security | 454/9 | €5,531 | €3,377 | -€2,153 | -38.9% |
| Other amounts payable | 47/48 | €135,293 | €24,184 | -€111,109 | -82.1% |
| Accrued charges and deferred income | 492/3 | €2,538 | €4,567 | +€2,029 | +80.0% |
| Non-recurring operating income | 76A | - | €35,789 | +€35,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,313 | €7,748 | -€48,565 | -86.2% |
| Other operating charges | 640/8 | €1,931 | €3,831 | +€1,900 | +98.4% |
| Gross operating margin | 9900 | €38,019 | €91,886 | +€53,867 | +142% |
| Operating profit (loss) | 9901 | -€20,224 | €80,307 | +€100,532 | |
| Financial income | 75/76B | €44,709 | €0 | -€44,709 | -100% |
| Recurring financial income | 75 | €44,709 | €0 | -€44,709 | -100% |
| Financial charges | 65/66B | €2,956 | €2,024 | -€932 | -31.5% |
| Recurring financial charges | 65 | €2,956 | €2,024 | -€932 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €21,529 | €78,283 | +€56,754 | +264% |
| Income taxes | 67/77 | €4,578 | €22,673 | +€18,095 | +395% |
| Profit (loss) for the period | 9904 | €16,951 | €55,610 | +€38,659 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €16,951 | €55,610 | +€38,659 | +228% |
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 30 October 2026 via checked.be.