BENELUCK: 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.
What changed
BENELUCK
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,754
2024 · €20,545-€6,791
Equity
-€5,450
2024 · -€19,205+€13,754
Cash
€178,821
2024 · €112,541+€66,280
Balance sheet total
€1.9m
2024 · €1.9m+€11,924
Largest movements
Assets
- Cash +€66,280
up €66,280 (+58.9%), from €112,541 to €178,821
mainly Depreciation (+€92,180) and Receivables within one year (+€23,875)
- Receivables within one year -€23,875
down €23,875 (-31.6%), from €75,499 to €51,624
of which Trade receivables: -€14,361
Equity and liabilities
- Profit (loss) carried forward +€20,766
up €20,766 (+1.6%), from -€1.3m to -€1.3m
Income statement
- Gross operating margin -€18,416
down €18,416 (-7.5%), from €245,739 to €227,324
- Write-downs -€9,970
down €9,970 (-43.2%), from €23,096 to €13,127
- Depreciation -€3,801
down €3,801 (-4.0%), from €95,980 to €92,180
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.
Result 2024
€20,545
Gross operating margin
-€18,416
Depreciation
+€3,801
Write-downs
+€9,970
Other operating charges
-€1,415
Other operating items
-€2,178
Financial income
+€18
Financial charges
-€145
Taxes
+€1,574
Result 2025
€13,754
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.
From operations
+€141,953
Investment
-€75,673
Financing
€0
Cash 2024
€112,541
From operations (derived)
+€141,953
Net result for the year
+€13,754
Depreciation
+€92,180
Receivables within one year
+€23,875
Deferred charges and accrued income
+€13,974
Provisions
-€2,337
Trade debts
+€797
Tax, wage and social debts
+€8,061
Other debts
+€429
Accrued charges and deferred income
-€8,780
Investment (derived)
-€75,673
Investment in fixed assets (net)
-€75,673
Cash 2025
€178,821
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,922,162 | €1,934,086 | +€11,924 | +0.6% |
| Fixed assets | 21/28 | €1,716,937 | €1,700,430 | -€16,507 | -1.0% |
| Tangible fixed assets | 22/27 | €1,716,937 | €1,700,430 | -€16,507 | -1.0% |
| Land and buildings | 22 | €1,705,193 | €1,692,032 | -€13,161 | -0.8% |
| Plant, machinery and equipment | 23 | €11,300 | €8,398 | -€2,903 | -25.7% |
| Furniture and vehicles | 24 | €443 | - | -€443 | |
| Current assets | 29/58 | €205,225 | €233,656 | +€28,431 | +13.9% |
| Amounts receivable within one year | 40/41 | €75,499 | €51,624 | -€23,875 | -31.6% |
| Trade receivables | 40 | €53,998 | €39,637 | -€14,361 | -26.6% |
| Other amounts receivable | 41 | €21,501 | €11,987 | -€9,514 | -44.2% |
| Cash at bank and in hand | 54/58 | €112,541 | €178,821 | +€66,280 | +58.9% |
| Deferred charges and accrued income | 490/1 | €17,185 | €3,211 | -€13,974 | -81.3% |
| Total equity and liabilities | 10/49 | €1,922,162 | €1,934,086 | +€11,924 | +0.6% |
| Equity | 10/15 | -€19,205 | -€5,450 | +€13,754 | +71.6% |
| Contributions | 10/11 | €1,161,500 | €1,161,500 | = | 0.0% |
| Capital | 10 | €1,161,500 | €1,161,500 | = | 0.0% |
| Issued capital | 100 | €1,161,500 | €1,161,500 | = | 0.0% |
| Reserves | 13 | €152,925 | €145,913 | -€7,011 | -4.6% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,525 | €139,513 | -€7,011 | -4.8% |
| Profit (loss) carried forward | 14 | -€1,333,629 | -€1,312,863 | +€20,766 | +1.6% |
| Provisions and deferred taxes | 16 | €48,842 | €46,504 | -€2,337 | -4.8% |
| Deferred taxes | 168 | €48,842 | €46,504 | -€2,337 | -4.8% |
| Amounts payable | 17/49 | €1,892,525 | €1,893,032 | +€507 | 0.0% |
| Amounts payable after more than one year | 17 | €1,155,000 | €1,155,000 | = | 0.0% |
| Financial debts | 170/4 | €1,155,000 | €1,155,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €633,736 | €643,022 | +€9,286 | +1.5% |
| Trade debts | 44 | €1,339 | €2,136 | +€797 | +59.5% |
| Suppliers | 440/4 | €1,339 | €2,136 | +€797 | +59.5% |
| Taxes, remuneration and social security | 45 | - | €8,061 | +€8,061 | |
| Taxes | 450/3 | - | €8,061 | +€8,061 | |
| Other amounts payable | 47/48 | €632,397 | €632,825 | +€429 | +0.1% |
| Accrued charges and deferred income | 492/3 | €103,789 | €95,010 | -€8,780 | -8.5% |
| Non-recurring operating income | 76A | €915 | €1,465 | +€550 | +60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,980 | €92,180 | -€3,801 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,096 | €13,127 | -€9,970 | -43.2% |
| Other operating charges | 640/8 | €11,204 | €12,619 | +€1,415 | +12.6% |
| Non-recurring operating charges | 66A | - | €2,178 | +€2,178 | |
| Gross operating margin | 9900 | €245,739 | €227,324 | -€18,416 | -7.5% |
| Operating profit (loss) | 9901 | €115,459 | €107,220 | -€8,238 | -7.1% |
| Financial income | 75/76B | €0 | €19 | +€18 | +4983.8% |
| Recurring financial income | 75 | €0 | €19 | +€18 | +4983.8% |
| Financial charges | 65/66B | €87,996 | €88,140 | +€145 | +0.2% |
| Recurring financial charges | 65 | €87,996 | €88,140 | +€145 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €27,463 | €19,099 | -€8,365 | -30.5% |
| Transfer from deferred taxes | 780 | €2,337 | €2,337 | = | 0.0% |
| Income taxes | 67/77 | €9,256 | €7,681 | -€1,574 | -17.0% |
| Profit (loss) for the period | 9904 | €20,545 | €13,754 | -€6,791 | -33.1% |
| Transfer from tax-exempt reserves | 789 | €7,011 | €7,011 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,556 | €20,766 | -€6,791 | -24.6% |
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 9 October 2026 via checked.be.