BENEFIK: what changed
BENEFIK
Largest movements
- Tangible fixed assets +€54,849
up €54,849 (+136%), from €40,378 to €95,228
of which Assets under construction and advance payments: +€55,000
- Cash -€33,075
down €33,075 (-25.2%), from €131,332 to €98,257
mainly Investment in fixed assets (net) (-€55,000) and Trade debts (-€15,510)
- Receivables within one year -€18,108
down €18,108 (-40.5%), from €44,758 to €26,650
of which Trade receivables: -€25,502
- Reserves +€21,962
up €21,962 (+6.9%), from €317,403 to €339,364
of which Distributable reserves: +€21,962
- Trade debts -€15,510
down €15,510 (-89.1%), from €17,413 to €1,904
- Other debts -€5,903
no longer reported in 2026 (was €5,903)
- Gross operating margin -€81,544
down €81,544 (-60.1%), from €135,685 to €54,141
- Taxes -€22,319
down €22,319 (-65.1%), from €34,300 to €11,981
- Staff costs -€18,130
down €18,130 (-51.5%), from €35,217 to €17,087
- Other operating charges +€3,300
new in 2026: €3,300
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,321 | €407,100 | +€2,779 | +0.7% |
| Fixed assets | 21/28 | €40,893 | €95,743 | +€54,849 | +134% |
| Tangible fixed assets | 22/27 | €40,378 | €95,228 | +€54,849 | +136% |
| Land and buildings | 22 | €40,000 | €40,000 | = | 0.0% |
| Furniture and vehicles | 24 | €378 | €228 | -€151 | -39.8% |
| Assets under construction and advance payments | 27 | - | €55,000 | +€55,000 | |
| Financial fixed assets | 28 | €515 | €515 | = | 0.0% |
| Current assets | 29/58 | €363,428 | €311,358 | -€52,071 | -14.3% |
| Amounts receivable after more than one year | 29 | €186,450 | €186,450 | = | 0.0% |
| Other amounts receivable | 291 | €186,450 | €186,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,758 | €26,650 | -€18,108 | -40.5% |
| Trade receivables | 40 | €44,058 | €18,557 | -€25,502 | -57.9% |
| Other amounts receivable | 41 | €700 | €8,094 | +€7,394 | +1,056% |
| Cash at bank and in hand | 54/58 | €131,332 | €98,257 | -€33,075 | -25.2% |
| Deferred charges and accrued income | 490/1 | €888 | - | -€888 | |
| Total equity and liabilities | 10/49 | €404,321 | €407,100 | +€2,779 | +0.7% |
| Equity | 10/15 | €368,367 | €390,329 | +€21,962 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €317,403 | €339,364 | +€21,962 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €315,543 | €337,504 | +€21,962 | +7.0% |
| Profit (loss) carried forward | 14 | €44,765 | €44,765 | = | 0.0% |
| Amounts payable | 17/49 | €35,954 | €16,771 | -€19,183 | -53.4% |
| Amounts payable within one year | 42/48 | €35,954 | €16,771 | -€19,183 | -53.4% |
| Trade debts | 44 | €17,413 | €1,904 | -€15,510 | -89.1% |
| Suppliers | 440/4 | €17,413 | €1,904 | -€15,510 | -89.1% |
| Taxes, remuneration and social security | 45 | €12,638 | €14,868 | +€2,230 | +17.6% |
| Taxes | 450/3 | €12,638 | €14,868 | +€2,230 | +17.6% |
| Other amounts payable | 47/48 | €5,903 | - | -€5,903 | |
| Remuneration, social security and pensions | 62 | €35,217 | €17,087 | -€18,130 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €151 | -€262 | -63.5% |
| Other operating charges | 640/8 | - | €3,300 | +€3,300 | |
| Gross operating margin | 9900 | €135,685 | €54,141 | -€81,544 | -60.1% |
| Operating profit (loss) | 9901 | €100,055 | €33,603 | -€66,452 | -66.4% |
| Financial income | 75/76B | €0 | €433 | +€433 | +2,163,800% |
| Recurring financial income | 75 | €0 | €433 | +€433 | +2,163,800% |
| Financial charges | 65/66B | €119 | €93 | -€25 | -21.3% |
| Recurring financial charges | 65 | €119 | €93 | -€25 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €99,937 | €33,942 | -€65,994 | -66.0% |
| Income taxes | 67/77 | €34,300 | €11,981 | -€22,319 | -65.1% |
| Profit (loss) for the period | 9904 | €65,637 | €21,962 | -€43,675 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,637 | €21,962 | -€43,675 | -66.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.