BENEFISC: 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.
BENEFISC
Largest movements
- Tangible fixed assets -€136,065
down €136,065 (-40.8%), from €333,662 to €197,598
of which Land and buildings: -€89,487
- Receivables within one year +€129,263
up €129,263 (+15.8%), from €819,665 to €948,928
of which Trade receivables: +€128,153
- Provisions -€324,047
no longer reported in 2025 (was €324,047)
- Debts after one year +€289,803
up €289,803 (+94.6%), from €306,482 to €596,285
of which Financial debts: +€291,753
- Reserves +€111,864
up €111,864 (+706.9%), from €15,824 to €127,689
- Trade debts -€41,648
down €41,648 (-11.9%), from €349,222 to €307,573
- Tax, wage and social debts -€23,124
down €23,124 (-15.1%), from €152,904 to €129,779
of which Remuneration and social security: -€16,120
- Financial charges +€199,014
up €199,014 (+723.1%), from €27,522 to €226,535
- Gross operating margin +€118,181
up €118,181 (+16.0%), from €738,291 to €856,472
- Write-downs -€67,767
down €67,767, from €26,951 to -€40,816
- Staff costs +€14,864
up €14,864 (+3.5%), from €425,805 to €440,669
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 | €1,326,982 | €1,325,211 | -€1,771 | -0.1% |
| Fixed assets | 21/28 | €333,662 | €197,598 | -€136,065 | -40.8% |
| Tangible fixed assets | 22/27 | €333,662 | €197,598 | -€136,065 | -40.8% |
| Land and buildings | 22 | €89,487 | - | -€89,487 | |
| Furniture and vehicles | 24 | €60,928 | €56,150 | -€4,778 | -7.8% |
| Leasing and similar rights | 25 | €8,756 | €4,378 | -€4,378 | -50.0% |
| Other tangible fixed assets | 26 | €174,492 | €137,070 | -€37,422 | -21.4% |
| Current assets | 29/58 | €993,320 | €1,127,614 | +€134,293 | +13.5% |
| Amounts receivable within one year | 40/41 | €819,665 | €948,928 | +€129,263 | +15.8% |
| Trade receivables | 40 | €819,665 | €947,819 | +€128,153 | +15.6% |
| Other amounts receivable | 41 | - | €1,109 | +€1,109 | |
| Cash at bank and in hand | 54/58 | €172,225 | €164,412 | -€7,813 | -4.5% |
| Deferred charges and accrued income | 490/1 | €1,430 | €14,274 | +€12,844 | +898.0% |
| Total equity and liabilities | 10/49 | €1,326,982 | €1,325,211 | -€1,771 | -0.1% |
| Equity | 10/15 | €135,824 | €247,689 | +€111,864 | +82.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €15,824 | €127,689 | +€111,864 | +706.9% |
| Distributable reserves | 133 | €15,824 | €127,689 | +€111,864 | +706.9% |
| Provisions and deferred taxes | 16 | €324,047 | - | -€324,047 | |
| Provisions for liabilities and charges | 160/5 | €324,047 | - | -€324,047 | |
| Environmental obligations | 163 | €324,047 | - | -€324,047 | |
| Amounts payable | 17/49 | €867,111 | €1,077,523 | +€210,412 | +24.3% |
| Amounts payable after more than one year | 17 | €306,482 | €596,285 | +€289,803 | +94.6% |
| Financial debts | 170/4 | €304,532 | €596,285 | +€291,753 | +95.8% |
| Other amounts payable | 178/9 | €1,950 | - | -€1,950 | |
| Amounts payable within one year | 42/48 | €550,454 | €481,138 | -€69,316 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €44,440 | €43,137 | -€1,303 | -2.9% |
| Financial debts | 43 | €2,049 | - | -€2,049 | |
| Credit institutions | 430/8 | €2,049 | - | -€2,049 | |
| Trade debts | 44 | €349,222 | €307,573 | -€41,648 | -11.9% |
| Suppliers | 440/4 | €349,222 | €307,573 | -€41,648 | -11.9% |
| Taxes, remuneration and social security | 45 | €152,904 | €129,779 | -€23,124 | -15.1% |
| Taxes | 450/3 | €78,996 | €71,992 | -€7,004 | -8.9% |
| Remuneration and social security | 454/9 | €73,908 | €57,787 | -€16,120 | -21.8% |
| Other amounts payable | 47/48 | €1,839 | €648 | -€1,191 | -64.8% |
| Accrued charges and deferred income | 492/3 | €10,175 | €100 | -€10,075 | -99.0% |
| Remuneration, social security and pensions | 62 | €425,805 | €440,669 | +€14,864 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,624 | €64,445 | -€1,180 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,951 | -€40,816 | -€67,767 | |
| Other operating charges | 640/8 | €10,036 | €2,424 | -€7,612 | -75.8% |
| Gross operating margin | 9900 | €738,291 | €856,472 | +€118,181 | +16.0% |
| Operating profit (loss) | 9901 | €209,875 | €389,751 | +€179,876 | +85.7% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €27,522 | €226,535 | +€199,014 | +723.1% |
| Recurring financial charges | 65 | €27,522 | €226,535 | +€199,014 | +723.1% |
| Profit (loss) for the period before taxes | 9903 | €182,418 | €163,215 | -€19,203 | -10.5% |
| Income taxes | 67/77 | €53,413 | €51,351 | -€2,062 | -3.9% |
| Profit (loss) for the period | 9904 | €129,005 | €111,864 | -€17,141 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €129,005 | €111,864 | -€17,141 | -13.3% |
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.