BENO MANAGEMENT: 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.
BENO MANAGEMENT
Largest movements
- Tangible fixed assets -€62,786
down €62,786 (-8.5%), from €736,782 to €673,996
of which Land and buildings: -€40,918
- Cash +€43,298
up €43,298 (+853%), from €5,076 to €48,374
mainly Depreciation (+€71,571) and Net result for the year (+€60,463)
- Receivables within one year -€23,842
down €23,842 (-56.2%), from €42,447 to €18,604
of which Other amounts receivable: -€17,767
- Debts after one year -€49,534
down €49,534 (-15.9%), from €312,094 to €262,561
- Current portion of long-term debt -€19,336
down €19,336 (-28.1%), from €68,869 to €49,534
- Reserves +€18,955
up €18,955 (+5.4%), from €351,415 to €370,371
of which Distributable reserves: +€18,955
- Tax, wage and social debts -€12,578
down €12,578 (-76.1%), from €16,524 to €3,946
of which Taxes: -€10,315
- Other debts +€9,849
up €9,849 (+289%), from €3,414 to €13,263
- Gross operating margin -€10,781
down €10,781 (-6.0%), from €180,497 to €169,716
- Taxes -€3,996
down €3,996 (-14.8%), from €27,056 to €23,060
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 | €785,517 | €742,237 | -€43,280 | -5.5% |
| Fixed assets | 21/28 | €736,807 | €674,021 | -€62,786 | -8.5% |
| Tangible fixed assets | 22/27 | €736,782 | €673,996 | -€62,786 | -8.5% |
| Land and buildings | 22 | €682,164 | €641,246 | -€40,918 | -6.0% |
| Plant, machinery and equipment | 23 | €5,505 | €5,399 | -€106 | -1.9% |
| Furniture and vehicles | 24 | €49,112 | €27,351 | -€21,761 | -44.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €48,710 | €68,216 | +€19,505 | +40.0% |
| Stocks and contracts in progress | 3 | €100 | €100 | = | 0.0% |
| Stocks | 30/36 | €100 | €100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,447 | €18,604 | -€23,842 | -56.2% |
| Trade receivables | 40 | €24,272 | €18,196 | -€6,076 | -25.0% |
| Other amounts receivable | 41 | €18,175 | €408 | -€17,767 | -97.8% |
| Cash at bank and in hand | 54/58 | €5,076 | €48,374 | +€43,298 | +853% |
| Deferred charges and accrued income | 490/1 | €1,088 | €1,137 | +€49 | +4.5% |
| Total equity and liabilities | 10/49 | €785,517 | €742,237 | -€43,280 | -5.5% |
| Equity | 10/15 | €370,015 | €388,971 | +€18,955 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,415 | €370,371 | +€18,955 | +5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €351,415 | €370,371 | +€18,955 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €415,502 | €353,266 | -€62,236 | -15.0% |
| Amounts payable after more than one year | 17 | €312,094 | €262,561 | -€49,534 | -15.9% |
| Financial debts | 170/4 | €312,094 | €262,561 | -€49,534 | -15.9% |
| Amounts payable within one year | 42/48 | €102,485 | €90,705 | -€11,780 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €68,869 | €49,534 | -€19,336 | -28.1% |
| Trade debts | 44 | €3,490 | €11,563 | +€8,073 | +231% |
| Suppliers | 440/4 | €3,490 | €11,563 | +€8,073 | +231% |
| Advances received on contracts in progress | 46 | €10,189 | €12,400 | +€2,211 | +21.7% |
| Taxes, remuneration and social security | 45 | €16,524 | €3,946 | -€12,578 | -76.1% |
| Taxes | 450/3 | €14,261 | €3,946 | -€10,315 | -72.3% |
| Remuneration and social security | 454/9 | €2,263 | €0 | -€2,263 | -100% |
| Other amounts payable | 47/48 | €3,414 | €13,263 | +€9,849 | +289% |
| Accrued charges and deferred income | 492/3 | €922 | €0 | -€922 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,890 | €71,571 | +€682 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€434 | -€434 | |
| Other operating charges | 640/8 | €4,930 | €6,558 | +€1,628 | +33.0% |
| Gross operating margin | 9900 | €180,497 | €169,716 | -€10,781 | -6.0% |
| Operating profit (loss) | 9901 | €104,677 | €92,020 | -€12,657 | -12.1% |
| Financial income | 75/76B | €789 | €82 | -€707 | -89.6% |
| Recurring financial income | 75 | €789 | €82 | -€707 | -89.6% |
| Financial charges | 65/66B | €9,150 | €8,579 | -€571 | -6.2% |
| Recurring financial charges | 65 | €9,150 | €8,579 | -€571 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €96,316 | €83,523 | -€12,793 | -13.3% |
| Income taxes | 67/77 | €27,056 | €23,060 | -€3,996 | -14.8% |
| Profit (loss) for the period | 9904 | €69,260 | €60,463 | -€8,797 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,260 | €60,463 | -€8,797 | -12.7% |
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 16 October 2026 via checked.be.