BENEMAS: 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.
BENEMAS
Largest movements
- Tangible fixed assets +€32,786
new in 2025: €32,786
- Stocks and contracts -€13,206
down €13,206 (-24.9%), from €52,952 to €39,746
- Financial fixed assets -€4,145
down €4,145 (-43.9%), from €9,445 to €5,300
- Receivables within one year -€3,766
down €3,766 (-7.4%), from €50,766 to €47,000
of which Trade receivables: -€35,532
- Debts after one year +€26,159
new in 2025: €26,159
- Trade debts -€16,782
down €16,782 (-90.4%), from €18,559 to €1,778
- Current portion of long-term debt +€7,769
new in 2025: €7,769
- Tax, wage and social debts -€6,647
down €6,647 (-21.3%), from €31,270 to €24,623
- Reserves +€1,806
up €1,806 (+2.8%), from €64,274 to €66,080
- Gross operating margin -€12,929
down €12,929 (-65.7%), from €19,683 to €6,755
- Taxes -€3,296
down €3,296 (-80.7%), from €4,082 to €787
- Depreciation +€1,834
new in 2025: €1,834
- Other operating charges -€416
down €416 (-15.3%), from €2,724 to €2,309
- Financial income +€276
up €276 (+103%), from €268 to €544
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 | €134,103 | €146,409 | +€12,305 | +9.2% |
| Fixed assets | 21/28 | €9,445 | €38,086 | +€28,641 | +303% |
| Tangible fixed assets | 22/27 | - | €32,786 | +€32,786 | |
| Furniture and vehicles | 24 | - | €32,786 | +€32,786 | |
| Financial fixed assets | 28 | €9,445 | €5,300 | -€4,145 | -43.9% |
| Current assets | 29/58 | €124,658 | €108,323 | -€16,336 | -13.1% |
| Stocks and contracts in progress | 3 | €52,952 | €39,746 | -€13,206 | -24.9% |
| Stocks | 30/36 | €52,952 | €39,746 | -€13,206 | -24.9% |
| Amounts receivable within one year | 40/41 | €50,766 | €47,000 | -€3,766 | -7.4% |
| Trade receivables | 40 | €42,110 | €6,578 | -€35,532 | -84.4% |
| Other amounts receivable | 41 | €8,656 | €40,422 | +€31,766 | +367% |
| Cash at bank and in hand | 54/58 | €20,148 | €21,577 | +€1,429 | +7.1% |
| Deferred charges and accrued income | 490/1 | €792 | €0 | -€792 | -100% |
| Total equity and liabilities | 10/49 | €134,103 | €146,409 | +€12,305 | +9.2% |
| Equity | 10/15 | €84,274 | €86,080 | +€1,806 | +2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,274 | €66,080 | +€1,806 | +2.8% |
| Distributable reserves | 133 | €64,274 | €66,080 | +€1,806 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,829 | €60,329 | +€10,500 | +21.1% |
| Amounts payable after more than one year | 17 | - | €26,159 | +€26,159 | |
| Financial debts | 170/4 | - | €26,159 | +€26,159 | |
| Amounts payable within one year | 42/48 | €49,829 | €34,170 | -€15,659 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,769 | +€7,769 | |
| Trade debts | 44 | €18,559 | €1,778 | -€16,782 | -90.4% |
| Suppliers | 440/4 | €18,559 | €1,778 | -€16,782 | -90.4% |
| Taxes, remuneration and social security | 45 | €31,270 | €24,623 | -€6,647 | -21.3% |
| Taxes | 450/3 | €31,270 | €24,623 | -€6,647 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,834 | +€1,834 | |
| Other operating charges | 640/8 | €2,724 | €2,309 | -€416 | -15.3% |
| Gross operating margin | 9900 | €19,683 | €6,755 | -€12,929 | -65.7% |
| Operating profit (loss) | 9901 | €16,959 | €2,612 | -€14,347 | -84.6% |
| Financial income | 75/76B | €268 | €544 | +€276 | +103% |
| Recurring financial income | 75 | €268 | €544 | +€276 | +103% |
| Financial charges | 65/66B | €317 | €564 | +€247 | +78.0% |
| Recurring financial charges | 65 | €317 | €564 | +€247 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €16,911 | €2,592 | -€14,318 | -84.7% |
| Income taxes | 67/77 | €4,082 | €787 | -€3,296 | -80.7% |
| Profit (loss) for the period | 9904 | €12,828 | €1,806 | -€11,023 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,828 | €1,806 | -€11,023 | -85.9% |
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 24 October 2026 via checked.be.