BENIMAC: 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.
BENIMAC
Largest movements
- Current investments +€32,805
up €32,805 (+3.7%), from €874,803 to €907,608
- Other debts +€127,983
up €127,983 (+62.5%), from €204,689 to €332,672
- Reserves -€109,105
down €109,105 (-24.0%), from €455,036 to €345,931
- Gross operating margin -€54,337
down €54,337 (-39.5%), from €137,576 to €83,239
- Taxes -€22,669
down €22,669 (-49.2%), from €46,114 to €23,445
- Financial charges +€18,117
up €18,117, from -€7,686 to €10,432
- Financial income -€4,339
down €4,339 (-25.3%), from €17,151 to €12,812
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 | €1,066,976 | €1,093,286 | +€26,310 | +2.5% |
| Fixed assets | 21/28 | €170,388 | €170,388 | = | 0.0% |
| Tangible fixed assets | 22/27 | €170,388 | €170,388 | = | 0.0% |
| Land and buildings | 22 | €170,388 | €170,388 | = | 0.0% |
| Current assets | 29/58 | €896,588 | €922,898 | +€26,310 | +2.9% |
| Amounts receivable within one year | 40/41 | €8,032 | €399 | -€7,633 | -95.0% |
| Other amounts receivable | 41 | €8,032 | €399 | -€7,633 | -95.0% |
| Current investments | 50/53 | €874,803 | €907,608 | +€32,805 | +3.7% |
| Cash at bank and in hand | 54/58 | €12,903 | €14,075 | +€1,172 | +9.1% |
| Deferred charges and accrued income | 490/1 | €850 | €817 | -€33 | -3.9% |
| Total equity and liabilities | 10/49 | €1,066,976 | €1,093,286 | +€26,310 | +2.5% |
| Equity | 10/15 | €856,068 | €746,963 | -€109,104 | -12.7% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €455,036 | €345,931 | -€109,105 | -24.0% |
| Distributable reserves | 133 | €455,036 | €345,931 | -€109,105 | -24.0% |
| Profit (loss) carried forward | 14 | €1,032 | €1,032 | +€1 | +0.1% |
| Amounts payable | 17/49 | €210,908 | €346,323 | +€135,415 | +64.2% |
| Amounts payable within one year | 42/48 | €210,908 | €335,892 | +€124,984 | +59.3% |
| Trade debts | 44 | €3,220 | €3,220 | = | 0.0% |
| Suppliers | 440/4 | €3,220 | €3,220 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,999 | - | -€2,999 | |
| Taxes | 450/3 | €2,999 | - | -€2,999 | |
| Other amounts payable | 47/48 | €204,689 | €332,672 | +€127,983 | +62.5% |
| Accrued charges and deferred income | 492/3 | - | €10,431 | +€10,431 | |
| Other operating charges | 640/8 | €12,608 | €13,003 | +€395 | +3.1% |
| Gross operating margin | 9900 | €137,576 | €83,239 | -€54,337 | -39.5% |
| Operating profit (loss) | 9901 | €124,967 | €70,235 | -€54,732 | -43.8% |
| Financial income | 75/76B | €17,151 | €12,812 | -€4,339 | -25.3% |
| Recurring financial income | 75 | €17,151 | €12,812 | -€4,339 | -25.3% |
| Financial charges | 65/66B | -€7,686 | €10,432 | +€18,117 | |
| Recurring financial charges | 65 | -€7,686 | €10,432 | +€18,117 | |
| Profit (loss) for the period before taxes | 9903 | €149,804 | €72,615 | -€77,189 | -51.5% |
| Income taxes | 67/77 | €46,114 | €23,445 | -€22,669 | -49.2% |
| Profit (loss) for the period | 9904 | €103,690 | €49,171 | -€54,520 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,690 | €49,171 | -€54,520 | -52.6% |
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.