BENEBUILD: 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.
BENEBUILD
Largest movements
- Tangible fixed assets -€217,278
down €217,278 (-31.7%), from €685,071 to €467,793
of which Land and buildings: -€215,627
- Receivables within one year +€69,730
new in 2025: €69,730
of which Other amounts receivable: +€60,000
- Profit (loss) carried forward +€120,476
up €120,476 (+41.6%), from -€289,764 to -€169,288
- Reserves -€111,712
no longer reported in 2025 (was €111,712)
- Debts after one year -€69,760
down €69,760 (-16.4%), from €425,641 to €355,881
- Revaluation surpluses -€53,278
down €53,278 (-15.1%), from €353,278 to €300,000
- Current portion of long-term debt -€21,569
down €21,569 (-47.5%), from €45,436 to €23,867
- Depreciation -€61,687
down €61,687 (-79.0%), from €78,115 to €16,428
- Gross operating margin -€33,349
down €33,349 (-18.3%), from €182,531 to €149,182
- Financial charges -€24,218
down €24,218 (-78.1%), from €31,027 to €6,809
- Other operating charges -€9,760
down €9,760 (-63.8%), from €15,307 to €5,546
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 | €688,771 | €537,810 | -€150,961 | -21.9% |
| Fixed assets | 21/28 | €685,071 | €467,793 | -€217,278 | -31.7% |
| Tangible fixed assets | 22/27 | €685,071 | €467,793 | -€217,278 | -31.7% |
| Land and buildings | 22 | €676,704 | €461,077 | -€215,627 | -31.9% |
| Plant, machinery and equipment | 23 | €8,367 | €6,716 | -€1,651 | -19.7% |
| Current assets | 29/58 | €3,701 | €70,018 | +€66,317 | +1792.1% |
| Amounts receivable within one year | 40/41 | - | €69,730 | +€69,730 | |
| Trade receivables | 40 | - | €9,730 | +€9,730 | |
| Other amounts receivable | 41 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €3,575 | €186 | -€3,389 | -94.8% |
| Deferred charges and accrued income | 490/1 | €126 | €101 | -€25 | -19.8% |
| Total equity and liabilities | 10/49 | €688,771 | €537,810 | -€150,961 | -21.9% |
| Equity | 10/15 | €193,827 | €149,312 | -€44,514 | -23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €353,278 | €300,000 | -€53,278 | -15.1% |
| Reserves | 13 | €111,712 | - | -€111,712 | |
| Distributable reserves | 133 | €111,712 | - | -€111,712 | |
| Profit (loss) carried forward | 14 | -€289,764 | -€169,288 | +€120,476 | +41.6% |
| Amounts payable | 17/49 | €494,945 | €388,498 | -€106,447 | -21.5% |
| Amounts payable after more than one year | 17 | €425,641 | €355,881 | -€69,760 | -16.4% |
| Financial debts | 170/4 | €425,641 | €355,881 | -€69,760 | -16.4% |
| Amounts payable within one year | 42/48 | €55,392 | €32,617 | -€22,775 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €45,436 | €23,867 | -€21,569 | -47.5% |
| Trade debts | 44 | - | €2,570 | +€2,570 | |
| Suppliers | 440/4 | - | €2,570 | +€2,570 | |
| Taxes, remuneration and social security | 45 | €2,138 | €2,082 | -€56 | -2.6% |
| Taxes | 450/3 | €2,138 | €2,082 | -€56 | -2.6% |
| Other amounts payable | 47/48 | €7,818 | €4,098 | -€3,720 | -47.6% |
| Accrued charges and deferred income | 492/3 | €13,912 | - | -€13,912 | |
| Non-recurring operating income | 76A | €115,319 | €116,346 | +€1,026 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,115 | €16,428 | -€61,687 | -79.0% |
| Other operating charges | 640/8 | €15,307 | €5,546 | -€9,760 | -63.8% |
| Gross operating margin | 9900 | €182,531 | €149,182 | -€33,349 | -18.3% |
| Operating profit (loss) | 9901 | €89,110 | €127,208 | +€38,098 | +42.8% |
| Financial income | 75/76B | - | €78 | +€78 | |
| Recurring financial income | 75 | - | €78 | +€78 | |
| Financial charges | 65/66B | €31,027 | €6,809 | -€24,218 | -78.1% |
| Recurring financial charges | 65 | €31,027 | €6,809 | -€24,218 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €58,082 | €120,476 | +€62,394 | +107.4% |
| Income taxes | 67/77 | €256 | - | -€256 | |
| Profit (loss) for the period | 9904 | €57,826 | €120,476 | +€62,650 | +108.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,826 | €120,476 | +€62,650 | +108.3% |
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 12 October 2026 via checked.be.