BENEM: 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.
BENEM
Largest movements
- Tangible fixed assets -€99,705
down €99,705 (-33.7%), from €295,806 to €196,101
of which Land and buildings: -€93,442
- Cash -€35,668
down €35,668 (-64.5%), from €55,264 to €19,596
mainly Debts after one year (-€228,300) and Contributions, distributions and other (-€160,000)
- Receivables within one year +€5,322
up €5,322 (+383.3%), from €1,388 to €6,710
of which Other amounts receivable: +€6,478
- Debts after one year -€228,300
down €228,300 (-72.9%), from €313,300 to €85,000
- Profit (loss) carried forward +€218,092
up €218,092, from -€182,282 to €35,809
- Contributions -€160,000
down €160,000 (-94.9%), from €168,600 to €8,600
- Reserves +€60,000
up €60,000 (+235.3%), from €25,500 to €85,500
of which Distributable reserves: +€60,000
- Other debts -€21,530
down €21,530 (-95.7%), from €22,499 to €969
- Gross operating margin +€344,445
up €344,445 (+97873.1%), from €352 to €344,797
- Taxes +€31,851
up €31,851 (+1146.0%), from €2,779 to €34,630
- Financial charges -€8,326
down €8,326 (-66.6%), from €12,502 to €4,176
- Financial income -€6,219
down €6,219 (-98.3%), from €6,324 to €105
of which Non-recurring financial income: -€5,986
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 | €352,458 | €222,407 | -€130,051 | -36.9% |
| Fixed assets | 21/28 | €295,806 | €196,101 | -€99,705 | -33.7% |
| Tangible fixed assets | 22/27 | €295,806 | €196,101 | -€99,705 | -33.7% |
| Land and buildings | 22 | €289,441 | €196,000 | -€93,442 | -32.3% |
| Plant, machinery and equipment | 23 | €479 | - | -€479 | |
| Furniture and vehicles | 24 | €3,499 | €101 | -€3,398 | -97.1% |
| Other tangible fixed assets | 26 | €2,386 | - | -€2,386 | |
| Current assets | 29/58 | €56,652 | €26,306 | -€30,346 | -53.6% |
| Amounts receivable within one year | 40/41 | €1,388 | €6,710 | +€5,322 | +383.3% |
| Trade receivables | 40 | €1,156 | - | -€1,156 | |
| Other amounts receivable | 41 | €232 | €6,710 | +€6,478 | +2790.0% |
| Cash at bank and in hand | 54/58 | €55,264 | €19,596 | -€35,668 | -64.5% |
| Total equity and liabilities | 10/49 | €352,458 | €222,407 | -€130,051 | -36.9% |
| Equity | 10/15 | €11,818 | €129,909 | +€118,092 | +999.3% |
| Contributions | 10/11 | €168,600 | €8,600 | -€160,000 | -94.9% |
| Reserves | 13 | €25,500 | €85,500 | +€60,000 | +235.3% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €21,500 | €81,500 | +€60,000 | +279.1% |
| Profit (loss) carried forward | 14 | -€182,282 | €35,809 | +€218,092 | |
| Amounts payable | 17/49 | €340,640 | €92,498 | -€248,143 | -72.8% |
| Amounts payable after more than one year | 17 | €313,300 | €85,000 | -€228,300 | -72.9% |
| Financial debts | 170/4 | €313,300 | €85,000 | -€228,300 | -72.9% |
| Amounts payable within one year | 42/48 | €27,340 | €7,498 | -€19,843 | -72.6% |
| Trade debts | 44 | €1,103 | €60 | -€1,043 | -94.6% |
| Suppliers | 440/4 | €1,103 | €60 | -€1,043 | -94.6% |
| Taxes, remuneration and social security | 45 | €3,739 | €6,469 | +€2,730 | +73.0% |
| Taxes | 450/3 | €3,739 | €6,469 | +€2,730 | +73.0% |
| Other amounts payable | 47/48 | €22,499 | €969 | -€21,530 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,221 | €25,197 | -€2,024 | -7.4% |
| Other operating charges | 640/8 | €3,533 | €2,807 | -€726 | -20.6% |
| Gross operating margin | 9900 | €352 | €344,797 | +€344,445 | +97873.1% |
| Operating profit (loss) | 9901 | -€30,402 | €316,792 | +€347,194 | |
| Financial income | 75/76B | €6,324 | €105 | -€6,219 | -98.3% |
| Recurring financial income | 75 | €338 | €105 | -€233 | -69.0% |
| Non-recurring financial income | 76B | €5,986 | - | -€5,986 | |
| Financial charges | 65/66B | €12,502 | €4,176 | -€8,326 | -66.6% |
| Recurring financial charges | 65 | €12,502 | €4,176 | -€8,326 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,579 | €312,722 | +€349,301 | |
| Income taxes | 67/77 | €2,779 | €34,630 | +€31,851 | +1146.0% |
| Profit (loss) for the period | 9904 | -€39,359 | €278,092 | +€317,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,359 | €278,092 | +€317,450 |
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 7 October 2026 via checked.be.