Benestef: 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.
Benestef
Largest movements
- Tangible fixed assets -€18,817
down €18,817 (-30.1%), from €62,551 to €43,734
- Receivables within one year -€16,056
down €16,056 (-8.1%), from €198,538 to €182,482
of which Trade receivables: -€28,946
- Other debts -€77,739
down €77,739 (-86.0%), from €90,372 to €12,633
- Reserves +€69,042
up €69,042 (+19.3%), from €358,075 to €427,116
of which Distributable reserves: +€69,042
- Tax, wage and social debts -€21,276
down €21,276 (-71.1%), from €29,927 to €8,651
- Debts after one year -€12,589
down €12,589 (-42.9%), from €29,375 to €16,786
- Trade debts +€6,160
up €6,160 (+100.9%), from €6,104 to €12,264
- Gross operating margin +€6,564
up €6,564 (+5.3%), from €123,199 to €129,764
- Financial charges -€2,816
down €2,816 (-38.0%), from €7,414 to €4,598
- Taxes +€1,332
up €1,332 (+3.8%), from €34,845 to €36,177
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 | €541,687 | €505,752 | -€35,935 | -6.6% |
| Fixed assets | 21/28 | €333,313 | €314,496 | -€18,817 | -5.6% |
| Tangible fixed assets | 22/27 | €62,551 | €43,734 | -€18,817 | -30.1% |
| Furniture and vehicles | 24 | €62,551 | €43,734 | -€18,817 | -30.1% |
| Financial fixed assets | 28 | €270,762 | €270,762 | = | 0.0% |
| Current assets | 29/58 | €208,374 | €191,256 | -€17,118 | -8.2% |
| Amounts receivable within one year | 40/41 | €198,538 | €182,482 | -€16,056 | -8.1% |
| Trade receivables | 40 | €193,112 | €164,166 | -€28,946 | -15.0% |
| Other amounts receivable | 41 | €5,426 | €18,316 | +€12,890 | +237.6% |
| Cash at bank and in hand | 54/58 | €9,208 | €8,267 | -€941 | -10.2% |
| Deferred charges and accrued income | 490/1 | €627 | €507 | -€121 | -19.2% |
| Total equity and liabilities | 10/49 | €541,687 | €505,752 | -€35,935 | -6.6% |
| Equity | 10/15 | €364,275 | €433,316 | +€69,042 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €358,075 | €427,116 | +€69,042 | +19.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €356,220 | €425,261 | +€69,042 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,412 | €72,435 | -€104,977 | -59.2% |
| Amounts payable after more than one year | 17 | €29,375 | €16,786 | -€12,589 | -42.9% |
| Financial debts | 170/4 | €29,375 | €16,786 | -€12,589 | -42.9% |
| Amounts payable within one year | 42/48 | €142,741 | €52,387 | -€90,355 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | €12,589 | €12,589 | = | 0.0% |
| Financial debts | 43 | €3,750 | €6,250 | +€2,500 | +66.7% |
| Credit institutions | 430/8 | €3,750 | €6,250 | +€2,500 | +66.7% |
| Trade debts | 44 | €6,104 | €12,264 | +€6,160 | +100.9% |
| Suppliers | 440/4 | €6,104 | €12,264 | +€6,160 | +100.9% |
| Taxes, remuneration and social security | 45 | €29,927 | €8,651 | -€21,276 | -71.1% |
| Taxes | 450/3 | €29,927 | €8,651 | -€21,276 | -71.1% |
| Other amounts payable | 47/48 | €90,372 | €12,633 | -€77,739 | -86.0% |
| Accrued charges and deferred income | 492/3 | €5,296 | €3,263 | -€2,033 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,425 | €18,817 | +€393 | +2.1% |
| Other operating charges | 640/8 | €1,066 | €1,130 | +€64 | +6.0% |
| Gross operating margin | 9900 | €123,199 | €129,764 | +€6,564 | +5.3% |
| Operating profit (loss) | 9901 | €103,709 | €109,816 | +€6,108 | +5.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9900.0% |
| Financial charges | 65/66B | €7,414 | €4,598 | -€2,816 | -38.0% |
| Recurring financial charges | 65 | €7,414 | €4,598 | -€2,816 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €96,295 | €105,219 | +€8,924 | +9.3% |
| Income taxes | 67/77 | €34,845 | €36,177 | +€1,332 | +3.8% |
| Profit (loss) for the period | 9904 | €61,450 | €69,042 | +€7,592 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,450 | €69,042 | +€7,592 | +12.4% |
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.