BENINVEST: 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.
BENINVEST
Largest movements
- Tangible fixed assets -€11,733
down €11,733 (-58.5%), from €20,071 to €8,338
of which Leasing and similar rights: -€9,722
- Cash +€8,089
up €8,089 (+73.3%), from €11,041 to €19,130
mainly Depreciation (+€11,733) and Net result for the year (+€10,154)
- Debts after one year -€17,757
down €17,757 (-28.3%), from €62,757 to €45,000
- Reserves +€10,154
up €10,154 (+5.7%), from €178,443 to €188,597
- Other debts +€8,840
up €8,840 (+81.5%), from €10,853 to €19,693
- Gross operating margin +€9,875
up €9,875 (+35.0%), from €28,252 to €38,127
- Taxes +€5,073
up €5,073 (+120%), from €4,237 to €9,310
- Depreciation -€1,721
down €1,721 (-12.8%), from €13,455 to €11,733
- Other operating charges -€1,283
down €1,283 (-22.5%), from €5,711 to €4,428
- Financial charges -€1,023
down €1,023 (-28.8%), from €3,552 to €2,528
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 | €491,878 | €489,213 | -€2,665 | -0.5% |
| Fixed assets | 21/28 | €459,341 | €447,607 | -€11,733 | -2.6% |
| Tangible fixed assets | 22/27 | €20,071 | €8,338 | -€11,733 | -58.5% |
| Furniture and vehicles | 24 | €3,338 | €1,327 | -€2,011 | -60.3% |
| Leasing and similar rights | 25 | €16,733 | €7,011 | -€9,722 | -58.1% |
| Financial fixed assets | 28 | €439,269 | €439,269 | = | 0.0% |
| Current assets | 29/58 | €32,537 | €41,606 | +€9,068 | +27.9% |
| Amounts receivable within one year | 40/41 | €21,496 | €22,475 | +€979 | +4.6% |
| Trade receivables | 40 | €0 | €5,589 | +€5,589 | |
| Other amounts receivable | 41 | €21,496 | €16,887 | -€4,610 | -21.4% |
| Cash at bank and in hand | 54/58 | €11,041 | €19,130 | +€8,089 | +73.3% |
| Total equity and liabilities | 10/49 | €491,878 | €489,213 | -€2,665 | -0.5% |
| Equity | 10/15 | €393,443 | €403,597 | +€10,154 | +2.6% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €178,443 | €188,597 | +€10,154 | +5.7% |
| Distributable reserves | 133 | €178,443 | €188,597 | +€10,154 | +5.7% |
| Amounts payable | 17/49 | €98,435 | €85,616 | -€12,820 | -13.0% |
| Amounts payable after more than one year | 17 | €62,757 | €45,000 | -€17,757 | -28.3% |
| Financial debts | 170/4 | €62,757 | €45,000 | -€17,757 | -28.3% |
| Amounts payable within one year | 42/48 | €31,005 | €36,315 | +€5,310 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €9,858 | €7,757 | -€2,101 | -21.3% |
| Financial debts | 43 | €5,068 | €5,054 | -€14 | -0.3% |
| Credit institutions | 430/8 | €5,068 | €5,054 | -€14 | -0.3% |
| Trade debts | 44 | €2,814 | €2,426 | -€388 | -13.8% |
| Suppliers | 440/4 | €2,814 | €2,426 | -€388 | -13.8% |
| Taxes, remuneration and social security | 45 | €2,413 | €1,385 | -€1,028 | -42.6% |
| Taxes | 450/3 | €2,413 | €1,385 | -€1,028 | -42.6% |
| Other amounts payable | 47/48 | €10,853 | €19,693 | +€8,840 | +81.5% |
| Accrued charges and deferred income | 492/3 | €4,673 | €4,300 | -€373 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,455 | €11,733 | -€1,721 | -12.8% |
| Other operating charges | 640/8 | €5,711 | €4,428 | -€1,283 | -22.5% |
| Gross operating margin | 9900 | €28,252 | €38,127 | +€9,875 | +35.0% |
| Operating profit (loss) | 9901 | €9,087 | €21,966 | +€12,879 | +142% |
| Financial income | 75/76B | €999 | €27 | -€972 | -97.3% |
| Recurring financial income | 75 | €999 | €27 | -€972 | -97.3% |
| Financial charges | 65/66B | €3,552 | €2,528 | -€1,023 | -28.8% |
| Recurring financial charges | 65 | €3,552 | €2,528 | -€1,023 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €6,534 | €19,464 | +€12,930 | +198% |
| Income taxes | 67/77 | €4,237 | €9,310 | +€5,073 | +120% |
| Profit (loss) for the period | 9904 | €2,297 | €10,154 | +€7,858 | +342% |
| Profit (loss) for the period to be appropriated | 9905 | €2,297 | €10,154 | +€7,858 | +342% |
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 30 October 2026 via checked.be.