BEN & ART Construct: 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.
BEN & ART Construct
Largest movements
- Receivables within one year +€215,241
up €215,241 (+341%), from €63,032 to €278,273
of which Trade receivables: +€164,900
- Stocks and contracts -€87,341
down €87,341 (-62.6%), from €139,623 to €52,282
- Tangible fixed assets +€34,786
up €34,786 (+25.3%), from €137,660 to €172,447
of which Plant, machinery and equipment: +€35,917
- Cash -€9,689
down €9,689 (-6.5%), from €148,193 to €138,503
mainly Receivables within one year (-€215,241) and Investment in fixed assets (net) (-€94,459)
- Trade debts +€127,526
up €127,526 (+268%), from €47,579 to €175,104
- Debts after one year +€29,123
up €29,123 (+41.0%), from €71,118 to €100,241
- Tax, wage and social debts -€13,498
down €13,498 (-38.6%), from €34,959 to €21,461
of which Taxes: -€24,707
- Current portion of long-term debt +€12,417
up €12,417 (+24.7%), from €50,285 to €62,702
- Investment grants -€9,085
down €9,085 (-33.1%), from €27,431 to €18,346
- Other operating charges -€17,980
down €17,980 (-95.0%), from €18,927 to €946
- Gross operating margin -€16,305
down €16,305 (-4.0%), from €410,442 to €394,137
- Staff costs +€11,067
up €11,067 (+3.5%), from €313,229 to €324,297
- Depreciation -€6,594
down €6,594 (-10.0%), from €66,267 to €59,672
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 | €508,671 | €661,780 | +€153,109 | +30.1% |
| Fixed assets | 21/28 | €137,945 | €172,732 | +€34,786 | +25.2% |
| Tangible fixed assets | 22/27 | €137,660 | €172,447 | +€34,786 | +25.3% |
| Plant, machinery and equipment | 23 | €44,601 | €80,518 | +€35,917 | +80.5% |
| Furniture and vehicles | 24 | €93,059 | €91,928 | -€1,130 | -1.2% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €370,726 | €489,049 | +€118,323 | +31.9% |
| Stocks and contracts in progress | 3 | €139,623 | €52,282 | -€87,341 | -62.6% |
| Contracts in progress | 37 | €139,623 | €52,282 | -€87,341 | -62.6% |
| Amounts receivable within one year | 40/41 | €63,032 | €278,273 | +€215,241 | +341% |
| Trade receivables | 40 | €33,803 | €198,703 | +€164,900 | +488% |
| Other amounts receivable | 41 | €29,229 | €79,570 | +€50,341 | +172% |
| Cash at bank and in hand | 54/58 | €148,193 | €138,503 | -€9,689 | -6.5% |
| Deferred charges and accrued income | 490/1 | €19,878 | €19,990 | +€112 | +0.6% |
| Total equity and liabilities | 10/49 | €508,671 | €661,780 | +€153,109 | +30.1% |
| Equity | 10/15 | €288,095 | €286,398 | -€1,697 | -0.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,804 | €256,192 | +€7,387 | +3.0% |
| Investment grants | 15 | €27,431 | €18,346 | -€9,085 | -33.1% |
| Amounts payable | 17/49 | €220,576 | €375,382 | +€154,807 | +70.2% |
| Amounts payable after more than one year | 17 | €71,118 | €100,241 | +€29,123 | +41.0% |
| Financial debts | 170/4 | €71,118 | €100,241 | +€29,123 | +41.0% |
| Amounts payable within one year | 42/48 | €148,076 | €273,759 | +€125,683 | +84.9% |
| Current portion of amounts payable after more than one year | 42 | €50,285 | €62,702 | +€12,417 | +24.7% |
| Trade debts | 44 | €47,579 | €175,104 | +€127,526 | +268% |
| Suppliers | 440/4 | €47,579 | €175,104 | +€127,526 | +268% |
| Taxes, remuneration and social security | 45 | €34,959 | €21,461 | -€13,498 | -38.6% |
| Taxes | 450/3 | €26,191 | €1,483 | -€24,707 | -94.3% |
| Remuneration and social security | 454/9 | €8,768 | €19,977 | +€11,209 | +128% |
| Other amounts payable | 47/48 | €15,253 | €14,492 | -€761 | -5.0% |
| Accrued charges and deferred income | 492/3 | €1,383 | €1,383 | = | 0.0% |
| Non-recurring operating income | 76A | €10,000 | €11,493 | +€1,493 | +14.9% |
| Remuneration, social security and pensions | 62 | €313,229 | €324,297 | +€11,067 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,267 | €59,672 | -€6,594 | -10.0% |
| Other operating charges | 640/8 | €18,927 | €946 | -€17,980 | -95.0% |
| Gross operating margin | 9900 | €410,442 | €394,137 | -€16,305 | -4.0% |
| Operating profit (loss) | 9901 | €12,020 | €9,222 | -€2,798 | -23.3% |
| Financial income | 75/76B | €10,061 | €9,182 | -€879 | -8.7% |
| Recurring financial income | 75 | €9,118 | €9,182 | +€64 | +0.7% |
| Non-recurring financial income | 76B | €943 | - | -€943 | |
| Financial charges | 65/66B | €6,115 | €6,407 | +€292 | +4.8% |
| Recurring financial charges | 65 | €6,115 | €6,407 | +€292 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €15,967 | €11,997 | -€3,969 | -24.9% |
| Income taxes | 67/77 | €7,023 | €4,610 | -€2,413 | -34.4% |
| Profit (loss) for the period | 9904 | €8,943 | €7,387 | -€1,556 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,943 | €7,387 | -€1,556 | -17.4% |
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 25 October 2026 via checked.be.