Beniferro: 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.
Beniferro
Largest movements
- Current investments -€149,926
down €149,926 (-89.4%), from €167,716 to €17,791
- Stocks and contracts -€134,459
down €134,459 (-16.4%), from €817,617 to €683,158
- Cash -€69,586
down €69,586 (-52.5%), from €132,582 to €62,996
mainly Contributions, distributions and other (-€300,000) and Current portion of long-term debt (-€250,000)
- Intangible fixed assets -€47,728
down €47,728 (-16.7%), from €286,651 to €238,922
- Receivables within one year +€29,072
up €29,072 (+30.5%), from €95,411 to €124,483
of which Other amounts receivable: +€19,789
- Other debts +€300,000
up €300,000 (+12830.3%), from €2,338 to €302,338
- Current portion of long-term debt -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Reserves -€218,934
down €218,934 (-21.4%), from €1.0m to €805,745
of which Distributable reserves: -€218,934
- Trade debts -€141,039
down €141,039 (-94.5%), from €149,321 to €8,282
- Tax, wage and social debts -€65,973
down €65,973 (-97.0%), from €68,005 to €2,032
of which Taxes: -€55,040
- Gross operating margin -€93,667
down €93,667 (-25.7%), from €365,158 to €271,491
- Staff costs -€69,900
down €69,900 (-74.8%), from €93,510 to €23,611
- Depreciation +€23,128
up €23,128 (+21.2%), from €109,050 to €132,178
- Taxes -€3,907
down €3,907 (-10.5%), from €37,231 to €33,324
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 | €1,512,942 | €1,136,996 | -€375,946 | -24.8% |
| Fixed assets | 21/28 | €296,737 | €244,108 | -€52,629 | -17.7% |
| Intangible fixed assets | 21 | €286,651 | €238,922 | -€47,728 | -16.7% |
| Tangible fixed assets | 22/27 | €10,086 | €5,186 | -€4,900 | -48.6% |
| Plant, machinery and equipment | 23 | €7,380 | €3,277 | -€4,104 | -55.6% |
| Furniture and vehicles | 24 | €2,706 | €1,910 | -€797 | -29.4% |
| Current assets | 29/58 | €1,216,205 | €892,888 | -€323,317 | -26.6% |
| Stocks and contracts in progress | 3 | €817,617 | €683,158 | -€134,459 | -16.4% |
| Stocks | 30/36 | €817,617 | €683,158 | -€134,459 | -16.4% |
| Amounts receivable within one year | 40/41 | €95,411 | €124,483 | +€29,072 | +30.5% |
| Trade receivables | 40 | €18,862 | €28,145 | +€9,283 | +49.2% |
| Other amounts receivable | 41 | €76,549 | €96,338 | +€19,789 | +25.9% |
| Current investments | 50/53 | €167,716 | €17,791 | -€149,926 | -89.4% |
| Cash at bank and in hand | 54/58 | €132,582 | €62,996 | -€69,586 | -52.5% |
| Deferred charges and accrued income | 490/1 | €2,879 | €4,460 | +€1,581 | +54.9% |
| Total equity and liabilities | 10/49 | €1,512,942 | €1,136,996 | -€375,946 | -24.8% |
| Equity | 10/15 | €1,043,278 | €824,345 | -€218,934 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,024,678 | €805,745 | -€218,934 | -21.4% |
| Non-distributable reserves | 130/1 | €961 | €961 | = | 0.0% |
| Reserves not available under the articles | 1311 | €961 | €961 | = | 0.0% |
| Distributable reserves | 133 | €1,023,717 | €804,783 | -€218,934 | -21.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €469,664 | €312,652 | -€157,012 | -33.4% |
| Amounts payable within one year | 42/48 | €469,664 | €312,652 | -€157,012 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €0 | -€250,000 | -100.0% |
| Trade debts | 44 | €149,321 | €8,282 | -€141,039 | -94.5% |
| Suppliers | 440/4 | €149,321 | €8,282 | -€141,039 | -94.5% |
| Taxes, remuneration and social security | 45 | €68,005 | €2,032 | -€65,973 | -97.0% |
| Taxes | 450/3 | €56,285 | €1,245 | -€55,040 | -97.8% |
| Remuneration and social security | 454/9 | €11,720 | €787 | -€10,933 | -93.3% |
| Other amounts payable | 47/48 | €2,338 | €302,338 | +€300,000 | +12830.3% |
| Remuneration, social security and pensions | 62 | €93,510 | €23,611 | -€69,900 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,050 | €132,178 | +€23,128 | +21.2% |
| Other operating charges | 640/8 | €4,207 | €632 | -€3,575 | -85.0% |
| Gross operating margin | 9900 | €365,158 | €271,491 | -€93,667 | -25.7% |
| Operating profit (loss) | 9901 | €158,390 | €115,071 | -€43,320 | -27.3% |
| Financial income | 75/76B | €3,875 | €596 | -€3,279 | -84.6% |
| Recurring financial income | 75 | €3,875 | €596 | -€3,279 | -84.6% |
| Financial charges | 65/66B | €2,701 | €1,276 | -€1,425 | -52.8% |
| Recurring financial charges | 65 | €2,701 | €1,276 | -€1,425 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €159,564 | €114,390 | -€45,174 | -28.3% |
| Income taxes | 67/77 | €37,231 | €33,324 | -€3,907 | -10.5% |
| Profit (loss) for the period | 9904 | €122,333 | €81,066 | -€41,267 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €122,333 | €81,066 | -€41,267 | -33.7% |
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.