B.I.M.: 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.
B.I.M.
Largest movements
- Tangible fixed assets +€120,657
up €120,657 (+4.7%), from €2.6m to €2.7m
- Receivables within one year +€55,793
up €55,793 (+326%), from €17,103 to €72,896
of which Trade receivables: +€55,743
- Debts after one year +€337,987
up €337,987 (+36.0%), from €937,878 to €1.3m
of which Financial debts: +€337,987
- Trade debts +€271,386
up €271,386 (+118%), from €230,648 to €502,034
- Other debts -€200,039
down €200,039 (-44.6%), from €448,347 to €248,308
- Reserves -€194,862
down €194,862 (-33.1%), from €588,619 to €393,758
of which Distributable reserves: -€194,862
- Current portion of long-term debt -€60,548
down €60,548 (-34.1%), from €177,461 to €116,913
- Gross operating margin -€146,417
down €146,417 (-28.5%), from €513,531 to €367,114
- Taxes -€52,120
down €52,120 (-66.9%), from €77,855 to €25,735
- Financial charges +€8,842
up €8,842 (+17.7%), from €50,017 to €58,859
- Depreciation +€7,171
up €7,171 (+3.7%), from €192,837 to €200,008
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,677,245 | €2,843,557 | +€166,312 | +6.2% |
| Fixed assets | 21/28 | €2,566,738 | €2,687,395 | +€120,657 | +4.7% |
| Tangible fixed assets | 22/27 | €2,566,738 | €2,687,395 | +€120,657 | +4.7% |
| Land and buildings | 22 | €2,566,738 | €2,687,395 | +€120,657 | +4.7% |
| Current assets | 29/58 | €110,507 | €156,162 | +€45,655 | +41.3% |
| Amounts receivable within one year | 40/41 | €17,103 | €72,896 | +€55,793 | +326% |
| Trade receivables | 40 | €17,103 | €72,846 | +€55,743 | +326% |
| Other amounts receivable | 41 | - | €50 | +€50 | |
| Current investments | 50/53 | €25,000 | €37,500 | +€12,500 | +50.0% |
| Cash at bank and in hand | 54/58 | €68,404 | €45,765 | -€22,638 | -33.1% |
| Total equity and liabilities | 10/49 | €2,677,245 | €2,843,557 | +€166,312 | +6.2% |
| Equity | 10/15 | €814,748 | €619,886 | -€194,862 | -23.9% |
| Contributions | 10/11 | €68,456 | €68,456 | = | 0.0% |
| Capital | 10 | €68,456 | €68,456 | = | 0.0% |
| Issued capital | 100 | €68,456 | €68,456 | = | 0.0% |
| Reserves | 13 | €588,619 | €393,758 | -€194,862 | -33.1% |
| Non-distributable reserves | 130/1 | €6,846 | €6,846 | = | 0.0% |
| Legal reserve | 130 | €6,846 | €6,846 | = | 0.0% |
| Distributable reserves | 133 | €581,774 | €386,912 | -€194,862 | -33.5% |
| Profit (loss) carried forward | 14 | €157,673 | €157,673 | = | 0.0% |
| Amounts payable | 17/49 | €1,862,497 | €2,223,670 | +€361,173 | +19.4% |
| Amounts payable after more than one year | 17 | €937,878 | €1,275,865 | +€337,987 | +36.0% |
| Financial debts | 170/4 | €803,209 | €1,141,196 | +€337,987 | +42.1% |
| Other amounts payable | 178/9 | €134,669 | €134,669 | = | 0.0% |
| Amounts payable within one year | 42/48 | €881,872 | €892,586 | +€10,713 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €177,461 | €116,913 | -€60,548 | -34.1% |
| Trade debts | 44 | €230,648 | €502,034 | +€271,386 | +118% |
| Suppliers | 440/4 | €230,648 | €502,034 | +€271,386 | +118% |
| Taxes, remuneration and social security | 45 | €25,417 | €25,330 | -€87 | -0.3% |
| Taxes | 450/3 | €25,417 | €25,330 | -€87 | -0.3% |
| Other amounts payable | 47/48 | €448,347 | €248,308 | -€200,039 | -44.6% |
| Accrued charges and deferred income | 492/3 | €42,747 | €55,220 | +€12,473 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,837 | €200,008 | +€7,171 | +3.7% |
| Other operating charges | 640/8 | €28,803 | €29,445 | +€642 | +2.2% |
| Gross operating margin | 9900 | €513,531 | €367,114 | -€146,417 | -28.5% |
| Operating profit (loss) | 9901 | €291,891 | €137,661 | -€154,230 | -52.8% |
| Financial income | 75/76B | €1 | €379 | +€379 | +62,103% |
| Recurring financial income | 75 | €1 | €379 | +€379 | +62,103% |
| Financial charges | 65/66B | €50,017 | €58,859 | +€8,842 | +17.7% |
| Recurring financial charges | 65 | €50,017 | €58,859 | +€8,842 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €241,874 | €79,181 | -€162,693 | -67.3% |
| Income taxes | 67/77 | €77,855 | €25,735 | -€52,120 | -66.9% |
| Profit (loss) for the period | 9904 | €164,020 | €53,447 | -€110,573 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €164,020 | €53,447 | -€110,573 | -67.4% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.