BENFECO: 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.
BENFECO
Largest movements
- Tangible fixed assets -€14,574
down €14,574 (-4.0%), from €363,177 to €348,603
of which Land and buildings: -€11,789
- Other debts +€129,054
up €129,054 (+62.2%), from €207,538 to €336,592
- Profit (loss) carried forward -€90,035
down €90,035 (-56.3%), from -€159,788 to -€249,823
- Debts after one year -€39,453
down €39,453 (-16.4%), from €240,448 to €200,995
of which Financial debts: -€39,453
- Current portion of long-term debt -€20,000
down €20,000 (-33.6%), from €59,453 to €39,453
- Trade debts +€3,872
new in 2025: €3,872
- Gross operating margin -€8,705
down €8,705 (-13.4%), from -€64,871 to -€73,577
- Taxes -€5,000
down €5,000 (-100%), from €5,000 to €0
- Financial charges -€2,397
down €2,397 (-76.6%), from €3,130 to €733
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.
Derived cash bridge
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 | €368,111 | €351,549 | -€16,562 | -4.5% |
| Fixed assets | 21/28 | €363,177 | €348,603 | -€14,574 | -4.0% |
| Tangible fixed assets | 22/27 | €363,177 | €348,603 | -€14,574 | -4.0% |
| Land and buildings | 22 | €358,690 | €346,900 | -€11,789 | -3.3% |
| Furniture and vehicles | 24 | €2,475 | €0 | -€2,475 | -100% |
| Other tangible fixed assets | 26 | €2,012 | €1,702 | -€310 | -15.4% |
| Current assets | 29/58 | €4,934 | €2,947 | -€1,988 | -40.3% |
| Amounts receivable within one year | 40/41 | €1,022 | €307 | -€715 | -69.9% |
| Other amounts receivable | 41 | €1,022 | €307 | -€715 | -69.9% |
| Cash at bank and in hand | 54/58 | €2,611 | €290 | -€2,321 | -88.9% |
| Deferred charges and accrued income | 490/1 | €1,301 | €2,349 | +€1,048 | +80.6% |
| Total equity and liabilities | 10/49 | €368,111 | €351,549 | -€16,562 | -4.5% |
| Equity | 10/15 | -€139,328 | -€229,363 | -€90,035 | -64.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,788 | -€249,823 | -€90,035 | -56.3% |
| Amounts payable | 17/49 | €507,440 | €580,913 | +€73,473 | +14.5% |
| Amounts payable after more than one year | 17 | €240,448 | €200,995 | -€39,453 | -16.4% |
| Financial debts | 170/4 | €80,448 | €40,995 | -€39,453 | -49.0% |
| Other amounts payable | 178/9 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €266,992 | €379,917 | +€112,926 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €59,453 | €39,453 | -€20,000 | -33.6% |
| Trade debts | 44 | - | €3,872 | +€3,872 | |
| Suppliers | 440/4 | - | €3,872 | +€3,872 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €207,538 | €336,592 | +€129,054 | +62.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €499 | +€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,574 | €14,574 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,038 | €652 | -€386 | -37.2% |
| Gross operating margin | 9900 | -€64,871 | -€73,577 | -€8,705 | -13.4% |
| Operating profit (loss) | 9901 | -€80,483 | -€89,302 | -€8,819 | -11.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €3,130 | €733 | -€2,397 | -76.6% |
| Recurring financial charges | 65 | €3,130 | €733 | -€2,397 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | -€83,610 | -€90,035 | -€6,425 | -7.7% |
| Income taxes | 67/77 | €5,000 | €0 | -€5,000 | -100% |
| Profit (loss) for the period | 9904 | -€88,610 | -€90,035 | -€1,425 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,610 | -€90,035 | -€1,425 | -1.6% |
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 14 October 2026 via checked.be.