BENI: 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.
BENI
Largest movements
- Tangible fixed assets +€608,278
up €608,278 (+104.9%), from €579,754 to €1.2m
of which Land and buildings: +€608,369
- Cash -€139,549
down €139,549 (-67.4%), from €206,968 to €67,419
mainly Investment in fixed assets (net) (-€650,134) and Net result for the year (-€13,374)
- Debts after one year +€479,707
up €479,707 (+315.7%), from €151,944 to €631,651
- Current portion of long-term debt +€18,731
up €18,731 (+206.0%), from €9,094 to €27,825
- Gross operating margin -€221,045
down €221,045 (-83.3%), from €265,448 to €44,403
- Depreciation +€23,237
up €23,237 (+124.8%), from €18,619 to €41,856
- Financial charges -€4,155
down €4,155 (-20.6%), from €20,165 to €16,010
- Other operating charges -€3,383
down €3,383 (-49.3%), from €6,861 to €3,478
- Taxes -€3,166
no longer reported in 2025 (was €3,166)
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 | €791,158 | €1,269,582 | +€478,424 | +60.5% |
| Fixed assets | 21/28 | €579,754 | €1,188,033 | +€608,278 | +104.9% |
| Tangible fixed assets | 22/27 | €579,754 | €1,188,033 | +€608,278 | +104.9% |
| Land and buildings | 22 | €579,535 | €1,187,904 | +€608,369 | +105.0% |
| Plant, machinery and equipment | 23 | €219 | €129 | -€91 | -41.3% |
| Current assets | 29/58 | €211,404 | €81,549 | -€129,855 | -61.4% |
| Amounts receivable within one year | 40/41 | €2,938 | €8,000 | +€5,062 | +172.3% |
| Trade receivables | 40 | €103 | - | -€103 | |
| Other amounts receivable | 41 | €2,834 | €8,000 | +€5,166 | +182.3% |
| Cash at bank and in hand | 54/58 | €206,968 | €67,419 | -€139,549 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,498 | €6,131 | +€4,632 | +309.2% |
| Total equity and liabilities | 10/49 | €791,158 | €1,269,582 | +€478,424 | +60.5% |
| Equity | 10/15 | €518,599 | €505,225 | -€13,374 | -2.6% |
| Contributions | 10/11 | €324,108 | €324,108 | = | 0.0% |
| Capital | 10 | €324,108 | €324,108 | = | 0.0% |
| Issued capital | 100 | €324,108 | €324,108 | = | 0.0% |
| Reserves | 13 | €349,213 | €339,215 | -€9,999 | -2.9% |
| Non-distributable reserves | 130/1 | €42 | €42 | = | 0.0% |
| Legal reserve | 130 | €42 | €42 | = | 0.0% |
| Tax-exempt reserves | 132 | €283,717 | €273,719 | -€9,999 | -3.5% |
| Distributable reserves | 133 | €65,454 | €65,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,723 | -€158,098 | -€3,375 | -2.2% |
| Provisions and deferred taxes | 16 | €107,735 | €104,168 | -€3,567 | -3.3% |
| Deferred taxes | 168 | €107,735 | €104,168 | -€3,567 | -3.3% |
| Amounts payable | 17/49 | €164,824 | €660,188 | +€495,364 | +300.5% |
| Amounts payable after more than one year | 17 | €151,944 | €631,651 | +€479,707 | +315.7% |
| Financial debts | 170/4 | €151,944 | €631,651 | +€479,707 | +315.7% |
| Amounts payable within one year | 42/48 | €12,880 | €28,537 | +€15,657 | +121.6% |
| Current portion of amounts payable after more than one year | 42 | €9,094 | €27,825 | +€18,731 | +206.0% |
| Trade debts | 44 | €363 | €713 | +€350 | +96.3% |
| Suppliers | 440/4 | €363 | €713 | +€350 | +96.3% |
| Taxes, remuneration and social security | 45 | €3,424 | - | -€3,424 | |
| Taxes | 450/3 | €3,424 | - | -€3,424 | |
| Non-recurring operating income | 76A | €217,001 | - | -€217,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,619 | €41,856 | +€23,237 | +124.8% |
| Other operating charges | 640/8 | €6,861 | €3,478 | -€3,383 | -49.3% |
| Gross operating margin | 9900 | €265,448 | €44,403 | -€221,045 | -83.3% |
| Operating profit (loss) | 9901 | €239,969 | -€931 | -€240,900 | |
| Financial charges | 65/66B | €20,165 | €16,010 | -€4,155 | -20.6% |
| Recurring financial charges | 65 | €20,165 | €16,010 | -€4,155 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €219,803 | -€16,941 | -€236,744 | |
| Transfer from deferred taxes | 780 | €2,305 | €3,567 | +€1,262 | +54.7% |
| Transfer to deferred taxes | 680 | €54,250 | - | -€54,250 | |
| Income taxes | 67/77 | €3,166 | - | -€3,166 | |
| Profit (loss) for the period | 9904 | €164,692 | -€13,374 | -€178,066 | |
| Transfer from tax-exempt reserves | 789 | €6,213 | €9,999 | +€3,786 | +60.9% |
| Transfer to tax-exempt reserves | 689 | €162,751 | - | -€162,751 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,154 | -€3,375 | -€11,530 |
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 11 October 2026 via checked.be.