BeNed: what changed
What changed
BeNed
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€247
2023 · €198,820-€198,572
Equity
€755,152
2023 · €754,905+€247
Cash
€41,907
2023 · €154,809-€112,901
Balance sheet total
€1.8m
2023 · €2.0m-€266,460
Largest movements
Assets
- Stocks and contracts +€269,324
up €269,324 (+658%), from €40,957 to €310,281
of which Contracts in progress: +€266,632
- Receivables within one year -€214,504
down €214,504 (-40.9%), from €525,049 to €310,545
of which Trade receivables: -€241,574
- Tangible fixed assets -€192,813
down €192,813 (-16.9%), from €1.1m to €947,495
of which Leasing and similar rights: -€168,670
- Cash -€112,901
down €112,901 (-72.9%), from €154,809 to €41,907
mainly Stocks and contracts (-€269,324) and Debts after one year (-€181,596)
- Receivables after one year -€85,510
down €85,510 (-100%), from €85,510 to €0
Equity and liabilities
- Debts after one year -€181,596
down €181,596 (-31.9%), from €569,614 to €388,018
- Trade debts -€59,693
down €59,693 (-24.7%), from €241,703 to €182,010
Income statement
- Gross operating margin -€118,106
down €118,106 (-12.4%), from €953,657 to €835,552
- Staff costs +€92,637
up €92,637 (+23.3%), from €398,297 to €490,935
- Taxes -€76,972
down €76,972 (-96.4%), from €79,807 to €2,835
- Depreciation +€49,751
up €49,751 (+22.3%), from €222,766 to €272,517
- Other operating charges +€12,591
up €12,591 (+250%), from €5,030 to €17,621
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€198,820
Gross operating margin
-€118,106
Staff costs
-€92,637
Depreciation
-€49,751
Other operating charges
-€12,591
Other operating items
-€9,074
Financial income
+€7,771
Financial charges
-€1,157
Taxes
+€76,972
Result 2024
€247
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€216,962
Investment
-€138,360
Financing
-€191,503
Cash 2023
€154,809
From operations (derived)
+€216,962
Net result for the year
+€247
Depreciation
+€272,517
Receivables after one year
+€85,510
Stocks and contracts
-€269,324
Receivables within one year
+€214,504
Deferred charges and accrued income
-€11,288
Trade debts
-€59,693
Tax, wage and social debts
-€20,255
Advances received
+€8,213
Accrued charges and deferred income
-€3,470
Investment (derived)
-€138,360
Investment in fixed assets (net)
-€120,732
Current investments
-€17,628
Financing
-€191,503
Debts after one year
-€181,596
Current portion of long-term debt
-€3,324
Short-term financial debts
-€6,584
Cash 2024
€41,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,043,396 | €1,776,936 | -€266,460 | -13.0% |
| Fixed assets | 21/28 | €1,155,474 | €1,003,690 | -€151,784 | -13.1% |
| Intangible fixed assets | 21 | €15,166 | €56,195 | +€41,028 | +271% |
| Tangible fixed assets | 22/27 | €1,140,308 | €947,495 | -€192,813 | -16.9% |
| Plant, machinery and equipment | 23 | €117,724 | €105,478 | -€12,245 | -10.4% |
| Furniture and vehicles | 24 | €45,401 | €43,181 | -€2,220 | -4.9% |
| Leasing and similar rights | 25 | €671,865 | €503,196 | -€168,670 | -25.1% |
| Other tangible fixed assets | 26 | €305,318 | €295,640 | -€9,678 | -3.2% |
| Current assets | 29/58 | €887,922 | €773,246 | -€114,676 | -12.9% |
| Amounts receivable after more than one year | 29 | €85,510 | €0 | -€85,510 | -100% |
| Other amounts receivable | 291 | €85,510 | €0 | -€85,510 | -100% |
| Stocks and contracts in progress | 3 | €40,957 | €310,281 | +€269,324 | +658% |
| Stocks | 30/36 | €40,957 | €43,648 | +€2,691 | +6.6% |
| Contracts in progress | 37 | €0 | €266,632 | +€266,632 | |
| Amounts receivable within one year | 40/41 | €525,049 | €310,545 | -€214,504 | -40.9% |
| Trade receivables | 40 | €522,203 | €280,629 | -€241,574 | -46.3% |
| Other amounts receivable | 41 | €2,846 | €29,916 | +€27,070 | +951% |
| Current investments | 50/53 | €72,195 | €89,823 | +€17,628 | +24.4% |
| Cash at bank and in hand | 54/58 | €154,809 | €41,907 | -€112,901 | -72.9% |
| Deferred charges and accrued income | 490/1 | €9,402 | €20,690 | +€11,288 | +120% |
| Total equity and liabilities | 10/49 | €2,043,396 | €1,776,936 | -€266,460 | -13.0% |
| Equity | 10/15 | €754,905 | €755,152 | +€247 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €736,305 | €736,552 | +€247 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €736,305 | €736,552 | +€247 | 0.0% |
| Amounts payable | 17/49 | €1,288,491 | €1,021,784 | -€266,708 | -20.7% |
| Amounts payable after more than one year | 17 | €569,614 | €388,018 | -€181,596 | -31.9% |
| Financial debts | 170/4 | €569,614 | €388,018 | -€181,596 | -31.9% |
| Amounts payable within one year | 42/48 | €715,226 | €633,583 | -€81,642 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €184,920 | €181,596 | -€3,324 | -1.8% |
| Financial debts | 43 | €141,767 | €135,183 | -€6,584 | -4.6% |
| Credit institutions | 430/8 | €141,767 | €135,183 | -€6,584 | -4.6% |
| Trade debts | 44 | €241,703 | €182,010 | -€59,693 | -24.7% |
| Suppliers | 440/4 | €241,703 | €182,010 | -€59,693 | -24.7% |
| Advances received on contracts in progress | 46 | - | €8,213 | +€8,213 | |
| Taxes, remuneration and social security | 45 | €146,836 | €126,581 | -€20,255 | -13.8% |
| Taxes | 450/3 | €116,121 | €74,026 | -€42,094 | -36.3% |
| Remuneration and social security | 454/9 | €30,715 | €52,555 | +€21,840 | +71.1% |
| Accrued charges and deferred income | 492/3 | €3,652 | €182 | -€3,470 | -95.0% |
| Non-recurring operating income | 76A | €29,000 | €0 | -€29,000 | -100% |
| Remuneration, social security and pensions | 62 | €398,297 | €490,935 | +€92,637 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,766 | €272,517 | +€49,751 | +22.3% |
| Other operating charges | 640/8 | €5,030 | €17,621 | +€12,591 | +250% |
| Non-recurring operating charges | 66A | €0 | €9,074 | +€9,074 | |
| Gross operating margin | 9900 | €953,657 | €835,552 | -€118,106 | -12.4% |
| Operating profit (loss) | 9901 | €327,564 | €45,405 | -€282,159 | -86.1% |
| Financial income | 75/76B | €2,941 | €10,712 | +€7,771 | +264% |
| Recurring financial income | 75 | €2,941 | €10,712 | +€7,771 | +264% |
| Financial charges | 65/66B | €51,879 | €53,036 | +€1,157 | +2.2% |
| Recurring financial charges | 65 | €51,879 | €53,036 | +€1,157 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €278,626 | €3,082 | -€275,545 | -98.9% |
| Income taxes | 67/77 | €79,807 | €2,835 | -€76,972 | -96.4% |
| Profit (loss) for the period | 9904 | €198,820 | €247 | -€198,572 | -99.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €198,820 | €247 | -€198,572 | -99.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.