BIENFAIT: 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.
BIENFAIT
Largest movements
- Receivables within one year -€80,903
down €80,903 (-74.4%), from €108,699 to €27,796
of which Trade receivables: -€83,213
- Cash -€50,825
down €50,825 (-21.1%), from €240,963 to €190,138
mainly Contributions, distributions and other (-€40,000) and Advances received (-€37,725)
- Tangible fixed assets -€21,835
down €21,835 (-10.8%), from €202,914 to €181,079
of which Land and buildings: -€14,794
- Stocks and contracts +€6,875
up €6,875 (+6.5%), from €105,520 to €112,395
- Reserves -€40,000
down €40,000 (-19.8%), from €202,000 to €162,000
of which Distributable reserves: -€40,000
- Advances received -€37,725
down €37,725 (-69.0%), from €54,687 to €16,962
- Other debts -€24,502
down €24,502 (-78.6%), from €31,154 to €6,652
- Profit (loss) carried forward -€20,165
down €20,165 (-11.8%), from €171,113 to €150,948
- Debts after one year -€19,885
down €19,885 (-15.4%), from €129,206 to €109,321
- Gross operating margin -€92,763
down €92,763 (-92.0%), from €100,792 to €8,029
- Taxes -€11,478
down €11,478 (-97.2%), from €11,810 to €332
- Depreciation -€5,427
down €5,427 (-19.9%), from €27,262 to €21,835
- Financial charges +€4,560
up €4,560 (+97.6%), from €4,671 to €9,231
of which Financial charges: +€3,018
- Financial income +€3,788
up €3,788 (+234.0%), from €1,619 to €5,407
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 | €658,096 | €511,909 | -€146,187 | -22.2% |
| Fixed assets | 21/28 | €202,914 | €181,079 | -€21,835 | -10.8% |
| Tangible fixed assets | 22/27 | €202,914 | €181,079 | -€21,835 | -10.8% |
| Land and buildings | 22 | €177,520 | €162,726 | -€14,794 | -8.3% |
| Plant, machinery and equipment | 23 | €23,085 | €17,736 | -€5,349 | -23.2% |
| Furniture and vehicles | 24 | €2,309 | €617 | -€1,692 | -73.3% |
| Current assets | 29/58 | €455,182 | €330,830 | -€124,352 | -27.3% |
| Stocks and contracts in progress | 3 | €105,520 | €112,395 | +€6,875 | +6.5% |
| Stocks | 30/36 | €105,520 | €112,395 | +€6,875 | +6.5% |
| Amounts receivable within one year | 40/41 | €108,699 | €27,796 | -€80,903 | -74.4% |
| Trade receivables | 40 | €108,699 | €25,486 | -€83,213 | -76.6% |
| Other amounts receivable | 41 | - | €2,310 | +€2,310 | |
| Cash at bank and in hand | 54/58 | €240,963 | €190,138 | -€50,825 | -21.1% |
| Deferred charges and accrued income | 490/1 | - | €501 | +€501 | |
| Total equity and liabilities | 10/49 | €658,096 | €511,909 | -€146,187 | -22.2% |
| Equity | 10/15 | €393,113 | €332,948 | -€60,165 | -15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €202,000 | €162,000 | -€40,000 | -19.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €160,000 | -€40,000 | -20.0% |
| Profit (loss) carried forward | 14 | €171,113 | €150,948 | -€20,165 | -11.8% |
| Amounts payable | 17/49 | €264,983 | €178,961 | -€86,022 | -32.5% |
| Amounts payable after more than one year | 17 | €129,206 | €109,321 | -€19,885 | -15.4% |
| Financial debts | 170/4 | €129,206 | €109,321 | -€19,885 | -15.4% |
| Amounts payable within one year | 42/48 | €134,060 | €67,924 | -€66,136 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €17,481 | €17,886 | +€405 | +2.3% |
| Trade debts | 44 | €10,800 | €8,557 | -€2,243 | -20.8% |
| Suppliers | 440/4 | €10,800 | €8,557 | -€2,243 | -20.8% |
| Advances received on contracts in progress | 46 | €54,687 | €16,962 | -€37,725 | -69.0% |
| Taxes, remuneration and social security | 45 | €19,938 | €17,867 | -€2,071 | -10.4% |
| Taxes | 450/3 | €19,938 | €17,867 | -€2,071 | -10.4% |
| Other amounts payable | 47/48 | €31,154 | €6,652 | -€24,502 | -78.6% |
| Accrued charges and deferred income | 492/3 | €1,717 | €1,716 | -€1 | -0.1% |
| Non-recurring operating income | 76A | - | €23 | +€23 | |
| Remuneration, social security and pensions | 62 | -€71 | €87 | +€158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,262 | €21,835 | -€5,427 | -19.9% |
| Other operating charges | 640/8 | €2,663 | €1,934 | -€729 | -27.4% |
| Non-recurring operating charges | 66A | €357 | €182 | -€175 | -49.0% |
| Gross operating margin | 9900 | €100,792 | €8,029 | -€92,763 | -92.0% |
| Operating profit (loss) | 9901 | €70,581 | -€16,009 | -€86,590 | |
| Financial income | 75/76B | €1,619 | €5,407 | +€3,788 | +234.0% |
| Recurring financial income | 75 | €1,619 | €5,407 | +€3,788 | +234.0% |
| Financial charges | 65/66B | €4,671 | €9,231 | +€4,560 | +97.6% |
| Recurring financial charges | 65 | €4,668 | €7,686 | +€3,018 | +64.7% |
| Non-recurring financial charges | 66B | €3 | €1,545 | +€1,542 | +51400.0% |
| Profit (loss) for the period before taxes | 9903 | €67,529 | -€19,833 | -€87,362 | |
| Income taxes | 67/77 | €11,810 | €332 | -€11,478 | -97.2% |
| Profit (loss) for the period | 9904 | €55,719 | -€20,165 | -€75,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,719 | -€20,165 | -€75,884 |
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 29 September 2026 via checked.be.