Benco Estates: 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.
Benco Estates
Largest movements
- Cash +€24,756
up €24,756 (+431.3%), from €5,740 to €30,496
mainly Net result for the year (+€19,563) and Tax, wage and social debts (+€4,595)
- Tangible fixed assets -€4,103
down €4,103 (-42.0%), from €9,766 to €5,663
- Receivables within one year +€1,193
up €1,193 (+3.4%), from €35,373 to €36,567
of which Other amounts receivable: +€5,108
- Reserves +€19,563
up €19,563 (+52.5%), from €37,274 to €56,837
- Tax, wage and social debts +€4,595
up €4,595 (+74.0%), from €6,207 to €10,802
of which Taxes: +€4,595
- Debts after one year -€1,608
down €1,608 (-100.0%), from €1,608 to €0
- Other debts -€1,053
down €1,053 (-100.0%), from €1,053 to €0
- Gross operating margin -€1,498
down €1,498 (-4.7%), from €31,534 to €30,037
- Depreciation +€966
up €966 (+30.8%), from €3,137 to €4,103
- Taxes -€909
down €909 (-15.0%), from €6,074 to €5,165
- Financial charges -€549
down €549 (-32.1%), from €1,711 to €1,162
- Financial income +€397
up €397 (+67.8%), from €586 to €983
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 | €51,217 | €72,726 | +€21,509 | +42.0% |
| Fixed assets | 21/28 | €9,766 | €5,663 | -€4,103 | -42.0% |
| Tangible fixed assets | 22/27 | €9,766 | €5,663 | -€4,103 | -42.0% |
| Plant, machinery and equipment | 23 | €9,766 | €5,663 | -€4,103 | -42.0% |
| Current assets | 29/58 | €41,451 | €67,062 | +€25,612 | +61.8% |
| Amounts receivable within one year | 40/41 | €35,373 | €36,567 | +€1,193 | +3.4% |
| Trade receivables | 40 | €19,788 | €15,873 | -€3,914 | -19.8% |
| Other amounts receivable | 41 | €15,586 | €20,694 | +€5,108 | +32.8% |
| Cash at bank and in hand | 54/58 | €5,740 | €30,496 | +€24,756 | +431.3% |
| Deferred charges and accrued income | 490/1 | €338 | €0 | -€338 | -100.0% |
| Total equity and liabilities | 10/49 | €51,217 | €72,726 | +€21,509 | +42.0% |
| Equity | 10/15 | €40,274 | €59,837 | +€19,563 | +48.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,274 | €56,837 | +€19,563 | +52.5% |
| Distributable reserves | 133 | €37,274 | €56,837 | +€19,563 | +52.5% |
| Amounts payable | 17/49 | €10,942 | €12,889 | +€1,946 | +17.8% |
| Amounts payable after more than one year | 17 | €1,608 | €0 | -€1,608 | -100.0% |
| Financial debts | 170/4 | €1,608 | €0 | -€1,608 | -100.0% |
| Amounts payable within one year | 42/48 | €8,932 | €12,889 | +€3,957 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €1,672 | €1,608 | -€65 | -3.9% |
| Trade debts | 44 | €0 | €479 | +€479 | |
| Suppliers | 440/4 | €0 | €479 | +€479 | |
| Taxes, remuneration and social security | 45 | €6,207 | €10,802 | +€4,595 | +74.0% |
| Taxes | 450/3 | €6,207 | €10,802 | +€4,595 | +74.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,053 | €0 | -€1,053 | -100.0% |
| Accrued charges and deferred income | 492/3 | €403 | €0 | -€403 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €4,103 | +€966 | +30.8% |
| Other operating charges | 640/8 | €1,341 | €1,027 | -€313 | -23.4% |
| Gross operating margin | 9900 | €31,534 | €30,037 | -€1,498 | -4.7% |
| Operating profit (loss) | 9901 | €27,057 | €24,907 | -€2,150 | -7.9% |
| Financial income | 75/76B | €586 | €983 | +€397 | +67.8% |
| Recurring financial income | 75 | €586 | €983 | +€397 | +67.8% |
| Financial charges | 65/66B | €1,711 | €1,162 | -€549 | -32.1% |
| Recurring financial charges | 65 | €1,711 | €1,162 | -€549 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €25,932 | €24,728 | -€1,204 | -4.6% |
| Income taxes | 67/77 | €6,074 | €5,165 | -€909 | -15.0% |
| Profit (loss) for the period | 9904 | €19,858 | €19,563 | -€295 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,858 | €19,563 | -€295 | -1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.