BENFRA: 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.
BENFRA
Largest movements
- Tangible fixed assets +€84,606
up €84,606 (+533.9%), from €15,845 to €100,451
of which Furniture and vehicles: +€58,682
- Cash -€58,495
down €58,495 (-9.8%), from €598,096 to €539,601
mainly Investment in fixed assets (net) (-€96,529) and Current investments (-€39,256)
- Current investments +€39,256
up €39,256 (+18.9%), from €208,101 to €247,357
- Other debts +€37,432
up €37,432 (+15.7%), from €238,878 to €276,310
- Reserves +€36,311
up €36,311 (+12.3%), from €296,063 to €332,375
of which Distributable reserves: +€36,311
- Gross operating margin -€76,878
down €76,878 (-39.5%), from €194,799 to €117,920
- Taxes -€23,961
down €23,961 (-43.6%), from €54,953 to €30,992
- Financial charges +€20,184
up €20,184 (+157.7%), from €12,796 to €32,980
- Financial income -€6,897
down €6,897 (-26.6%), from €25,898 to €19,001
- Depreciation -€3,452
down €3,452 (-22.5%), from €15,375 to €11,924
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 | €834,762 | €902,325 | +€67,563 | +8.1% |
| Fixed assets | 21/28 | €16,364 | €100,970 | +€84,606 | +517.0% |
| Tangible fixed assets | 22/27 | €15,845 | €100,451 | +€84,606 | +533.9% |
| Land and buildings | 22 | - | €24,961 | +€24,961 | |
| Plant, machinery and equipment | 23 | €573 | €1,535 | +€962 | +168.1% |
| Furniture and vehicles | 24 | €15,273 | €73,955 | +€58,682 | +384.2% |
| Financial fixed assets | 28 | €519 | €519 | = | 0.0% |
| Current assets | 29/58 | €818,398 | €801,355 | -€17,043 | -2.1% |
| Amounts receivable within one year | 40/41 | €12,061 | €14,310 | +€2,250 | +18.7% |
| Trade receivables | 40 | €3,045 | €12,124 | +€9,080 | +298.2% |
| Other amounts receivable | 41 | €9,016 | €2,186 | -€6,830 | -75.8% |
| Current investments | 50/53 | €208,101 | €247,357 | +€39,256 | +18.9% |
| Cash at bank and in hand | 54/58 | €598,096 | €539,601 | -€58,495 | -9.8% |
| Deferred charges and accrued income | 490/1 | €140 | €88 | -€53 | -37.5% |
| Total equity and liabilities | 10/49 | €834,762 | €902,325 | +€67,563 | +8.1% |
| Equity | 10/15 | €573,463 | €609,775 | +€36,311 | +6.3% |
| Contributions | 10/11 | €277,400 | €277,400 | = | 0.0% |
| Reserves | 13 | €296,063 | €332,375 | +€36,311 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €294,203 | €330,515 | +€36,311 | +12.3% |
| Amounts payable | 17/49 | €261,299 | €292,550 | +€31,251 | +12.0% |
| Amounts payable within one year | 42/48 | €261,299 | €292,550 | +€31,251 | +12.0% |
| Trade debts | 44 | €9,788 | €3,610 | -€6,178 | -63.1% |
| Suppliers | 440/4 | €9,788 | €3,610 | -€6,178 | -63.1% |
| Taxes, remuneration and social security | 45 | €12,634 | €12,631 | -€3 | 0.0% |
| Taxes | 450/3 | €12,634 | €12,631 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €238,878 | €276,310 | +€37,432 | +15.7% |
| Non-recurring operating income | 76A | €105,301 | €807 | -€104,494 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,375 | €11,924 | -€3,452 | -22.5% |
| Other operating charges | 640/8 | €2,635 | €544 | -€2,091 | -79.4% |
| Gross operating margin | 9900 | €194,799 | €117,920 | -€76,878 | -39.5% |
| Operating profit (loss) | 9901 | €176,788 | €105,453 | -€71,335 | -40.4% |
| Financial income | 75/76B | €25,898 | €19,001 | -€6,897 | -26.6% |
| Recurring financial income | 75 | €25,898 | €19,001 | -€6,897 | -26.6% |
| Financial charges | 65/66B | €12,796 | €32,980 | +€20,184 | +157.7% |
| Recurring financial charges | 65 | €12,796 | €32,980 | +€20,184 | +157.7% |
| Profit (loss) for the period before taxes | 9903 | €189,890 | €91,474 | -€98,416 | -51.8% |
| Income taxes | 67/77 | €54,953 | €30,992 | -€23,961 | -43.6% |
| Profit (loss) for the period | 9904 | €134,937 | €60,482 | -€74,455 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €134,937 | €60,482 | -€74,455 | -55.2% |
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 4 October 2026 via checked.be.