BENAKAD: 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.
BENAKAD
Largest movements
- Cash +€176,142
up €176,142 (+40.6%), from €434,285 to €610,427
mainly Net result for the year (+€757,019) and Accrued charges and deferred income (+€268,707)
- Receivables after one year -€134,849
down €134,849 (-4.7%), from €2.9m to €2.8m
- Tangible fixed assets -€116,299
down €116,299 (-3.7%), from €3.1m to €3.0m
of which Land and buildings: -€118,773
- Debts after one year -€511,074
down €511,074 (-17.6%), from €2.9m to €2.4m
- Accrued charges and deferred income +€268,707
up €268,707 (+42.8%), from €627,699 to €896,406
- Reserves +€234,000
up €234,000 (+6.5%), from €3.6m to €3.8m
of which Distributable reserves: +€234,000
- Gross operating margin +€126,438
up €126,438 (+9.2%), from €1.4m to €1.5m
- Financial charges -€48,222
down €48,222 (-32.2%), from €149,715 to €101,493
- Taxes +€39,124
up €39,124 (+13.5%), from €289,973 to €329,097
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 | €8,069,128 | €8,033,644 | -€35,484 | -0.4% |
| Fixed assets | 21/28 | €3,138,770 | €3,022,471 | -€116,299 | -3.7% |
| Tangible fixed assets | 22/27 | €3,128,770 | €3,012,471 | -€116,299 | -3.7% |
| Land and buildings | 22 | €3,078,370 | €2,959,597 | -€118,773 | -3.9% |
| Furniture and vehicles | 24 | €14,517 | €16,991 | +€2,474 | +17.0% |
| Other tangible fixed assets | 26 | €35,883 | €35,883 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €4,930,358 | €5,011,173 | +€80,815 | +1.6% |
| Amounts receivable after more than one year | 29 | €2,891,726 | €2,756,877 | -€134,849 | -4.7% |
| Other amounts receivable | 291 | €2,891,726 | €2,756,877 | -€134,849 | -4.7% |
| Amounts receivable within one year | 40/41 | €12,421 | €38,130 | +€25,709 | +207% |
| Trade receivables | 40 | €2,005 | - | -€2,005 | |
| Other amounts receivable | 41 | €10,416 | €38,130 | +€27,714 | +266% |
| Current investments | 50/53 | €1,579,761 | €1,596,665 | +€16,904 | +1.1% |
| Cash at bank and in hand | 54/58 | €434,285 | €610,427 | +€176,142 | +40.6% |
| Deferred charges and accrued income | 490/1 | €12,165 | €9,074 | -€3,091 | -25.4% |
| Total equity and liabilities | 10/49 | €8,069,128 | €8,033,644 | -€35,484 | -0.4% |
| Equity | 10/15 | €3,887,637 | €4,121,656 | +€234,019 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,584,627 | €3,818,627 | +€234,000 | +6.5% |
| Tax-exempt reserves | 132 | €151,967 | €151,967 | = | 0.0% |
| Distributable reserves | 133 | €3,432,660 | €3,666,660 | +€234,000 | +6.8% |
| Profit (loss) carried forward | 14 | €284,410 | €284,429 | +€19 | 0.0% |
| Amounts payable | 17/49 | €4,181,491 | €3,911,988 | -€269,503 | -6.4% |
| Amounts payable after more than one year | 17 | €2,907,418 | €2,396,344 | -€511,074 | -17.6% |
| Financial debts | 170/4 | €2,907,418 | €2,396,344 | -€511,074 | -17.6% |
| Amounts payable within one year | 42/48 | €646,374 | €619,238 | -€27,136 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €464,157 | €466,277 | +€2,120 | +0.5% |
| Trade debts | 44 | €43,228 | €58,541 | +€15,313 | +35.4% |
| Suppliers | 440/4 | €43,228 | €58,541 | +€15,313 | +35.4% |
| Taxes, remuneration and social security | 45 | €41,148 | €34,420 | -€6,728 | -16.4% |
| Taxes | 450/3 | €40,148 | €32,740 | -€7,408 | -18.5% |
| Remuneration and social security | 454/9 | €1,000 | €1,680 | +€680 | +68.0% |
| Other amounts payable | 47/48 | €97,841 | €60,000 | -€37,841 | -38.7% |
| Accrued charges and deferred income | 492/3 | €627,699 | €896,406 | +€268,707 | +42.8% |
| Remuneration, social security and pensions | 62 | €18,782 | €24,204 | +€5,422 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,388 | €262,364 | -€3,024 | -1.1% |
| Other operating charges | 640/8 | €37,839 | €25,733 | -€12,106 | -32.0% |
| Non-recurring operating charges | 66A | - | €4,167 | +€4,167 | |
| Gross operating margin | 9900 | €1,376,697 | €1,503,135 | +€126,438 | +9.2% |
| Operating profit (loss) | 9901 | €1,054,688 | €1,186,667 | +€131,979 | +12.5% |
| Financial income | 75/76B | €1,335 | €942 | -€393 | -29.4% |
| Recurring financial income | 75 | €1,335 | €942 | -€393 | -29.4% |
| Financial charges | 65/66B | €149,715 | €101,493 | -€48,222 | -32.2% |
| Recurring financial charges | 65 | €149,715 | €101,493 | -€48,222 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €906,308 | €1,086,116 | +€179,808 | +19.8% |
| Income taxes | 67/77 | €289,973 | €329,097 | +€39,124 | +13.5% |
| Profit (loss) for the period | 9904 | €616,335 | €757,019 | +€140,684 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €616,335 | €757,019 | +€140,684 | +22.8% |
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 24 October 2026 via checked.be.