BENEDIC: 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.
BENEDIC
Largest movements
- Intangible fixed assets +€207,198
up €207,198 (+179.8%), from €115,224 to €322,422
- Cash -€40,289
down €40,289 (-26.9%), from €149,691 to €109,402
mainly Investment in fixed assets (net) (-€358,942) and Stocks and contracts (-€26,403)
- Stocks and contracts +€26,403
up €26,403 (+40.0%), from €66,021 to €92,424
- Trade debts +€82,926
up €82,926 (+33.8%), from €245,414 to €328,341
- Debts after one year +€45,918
up €45,918 (+9.9%), from €465,772 to €511,690
- Tax, wage and social debts +€33,905
up €33,905 (+18.4%), from €184,481 to €218,386
of which Remuneration and social security: +€17,955
- Profit (loss) carried forward +€30,199
up €30,199 (+6.7%), from €453,004 to €483,202
- Staff costs +€91,657
up €91,657 (+4.8%), from €1.9m to €2.0m
- Gross operating margin +€43,740
up €43,740 (+2.0%), from €2.2m to €2.2m
- Depreciation +€27,042
up €27,042 (+21.3%), from €126,801 to €153,843
- Taxes -€23,373
down €23,373 (-55.4%), from €42,175 to €18,802
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,723,664 | €1,903,092 | +€179,429 | +10.4% |
| Fixed assets | 21/28 | €918,036 | €1,123,136 | +€205,099 | +22.3% |
| Intangible fixed assets | 21 | €115,224 | €322,422 | +€207,198 | +179.8% |
| Tangible fixed assets | 22/27 | €799,751 | €797,652 | -€2,099 | -0.3% |
| Land and buildings | 22 | €672,290 | €628,471 | -€43,819 | -6.5% |
| Plant, machinery and equipment | 23 | €89,912 | €132,826 | +€42,913 | +47.7% |
| Furniture and vehicles | 24 | €37,548 | €36,356 | -€1,193 | -3.2% |
| Financial fixed assets | 28 | €3,062 | €3,062 | = | 0.0% |
| Current assets | 29/58 | €805,627 | €779,957 | -€25,671 | -3.2% |
| Stocks and contracts in progress | 3 | €66,021 | €92,424 | +€26,403 | +40.0% |
| Stocks | 30/36 | €66,021 | €92,424 | +€26,403 | +40.0% |
| Amounts receivable within one year | 40/41 | €571,347 | €556,349 | -€14,998 | -2.6% |
| Trade receivables | 40 | €515,932 | €531,349 | +€15,417 | +3.0% |
| Other amounts receivable | 41 | €55,415 | €25,000 | -€30,415 | -54.9% |
| Cash at bank and in hand | 54/58 | €149,691 | €109,402 | -€40,289 | -26.9% |
| Deferred charges and accrued income | 490/1 | €18,569 | €21,781 | +€3,212 | +17.3% |
| Total equity and liabilities | 10/49 | €1,723,664 | €1,903,092 | +€179,429 | +10.4% |
| Equity | 10/15 | €631,735 | €652,988 | +€21,253 | +3.4% |
| Contributions | 10/11 | €18,590 | €18,590 | = | 0.0% |
| Reserves | 13 | €32,859 | €32,859 | = | 0.0% |
| Distributable reserves | 133 | €32,859 | €32,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453,004 | €483,202 | +€30,199 | +6.7% |
| Investment grants | 15 | €127,282 | €118,336 | -€8,946 | -7.0% |
| Amounts payable | 17/49 | €1,091,929 | €1,250,105 | +€158,176 | +14.5% |
| Amounts payable after more than one year | 17 | €465,772 | €511,690 | +€45,918 | +9.9% |
| Financial debts | 170/4 | €465,772 | €511,690 | +€45,918 | +9.9% |
| Amounts payable within one year | 42/48 | €617,875 | €722,350 | +€104,475 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €187,979 | €175,623 | -€12,356 | -6.6% |
| Trade debts | 44 | €245,414 | €328,341 | +€82,926 | +33.8% |
| Suppliers | 440/4 | €245,414 | €328,341 | +€82,926 | +33.8% |
| Taxes, remuneration and social security | 45 | €184,481 | €218,386 | +€33,905 | +18.4% |
| Taxes | 450/3 | €2,173 | €18,123 | +€15,950 | +733.8% |
| Remuneration and social security | 454/9 | €182,308 | €200,263 | +€17,955 | +9.8% |
| Accrued charges and deferred income | 492/3 | €8,282 | €16,065 | +€7,782 | +94.0% |
| Remuneration, social security and pensions | 62 | €1,896,899 | €1,988,556 | +€91,657 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,801 | €153,843 | +€27,042 | +21.3% |
| Other operating charges | 640/8 | €4,860 | €12,581 | +€7,720 | +158.8% |
| Non-recurring operating charges | 66A | €5,751 | €3,650 | -€2,101 | -36.5% |
| Gross operating margin | 9900 | €2,177,154 | €2,220,894 | +€43,740 | +2.0% |
| Operating profit (loss) | 9901 | €142,842 | €62,264 | -€80,579 | -56.4% |
| Financial income | 75/76B | €15,849 | €20,239 | +€4,390 | +27.7% |
| Recurring financial income | 75 | €15,849 | €20,239 | +€4,390 | +27.7% |
| Financial charges | 65/66B | €26,225 | €33,502 | +€7,278 | +27.8% |
| Recurring financial charges | 65 | €26,225 | €33,502 | +€7,278 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €132,466 | €49,000 | -€83,466 | -63.0% |
| Income taxes | 67/77 | €42,175 | €18,802 | -€23,373 | -55.4% |
| Profit (loss) for the period | 9904 | €90,292 | €30,199 | -€60,093 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,292 | €30,199 | -€60,093 | -66.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.