B.I.V.: 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.V.
Largest movements
- Stocks and contracts +€94,223
up €94,223, from €0 to €94,223
- Cash -€68,641
down €68,641 (-60.1%), from €114,163 to €45,523
mainly Stocks and contracts (-€94,223) and Other debts (-€34,541)
- Tangible fixed assets -€37,395
down €37,395 (-9.4%), from €396,350 to €358,955
- Receivables within one year -€17,849
down €17,849 (-39.3%), from €45,391 to €27,542
of which Trade receivables: -€23,145
- Reserves +€71,000
up €71,000 (+37.0%), from €191,820 to €262,820
of which Distributable reserves: +€71,000
- Other debts -€34,541
down €34,541 (-28.3%), from €122,158 to €87,617
- Advances received -€33,475
down €33,475 (-37.1%), from €90,208 to €56,733
- Trade debts -€29,763
down €29,763 (-71.3%), from €41,771 to €12,009
- Current portion of long-term debt -€10,046
down €10,046 (-100.0%), from €10,046 to €0
- Gross operating margin -€20,316
down €20,316 (-6.7%), from €302,899 to €282,583
- Other operating charges -€4,002
down €4,002 (-33.8%), from €11,856 to €7,854
- Taxes -€3,742
down €3,742 (-11.1%), from €33,636 to €29,894
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 | €561,083 | €530,096 | -€30,987 | -5.5% |
| Fixed assets | 21/28 | €396,350 | €358,955 | -€37,395 | -9.4% |
| Tangible fixed assets | 22/27 | €396,350 | €358,955 | -€37,395 | -9.4% |
| Land and buildings | 22 | €149,330 | €137,128 | -€12,202 | -8.2% |
| Plant, machinery and equipment | 23 | €215,120 | €202,886 | -€12,234 | -5.7% |
| Furniture and vehicles | 24 | €31,900 | €18,941 | -€12,959 | -40.6% |
| Current assets | 29/58 | €164,733 | €171,141 | +€6,409 | +3.9% |
| Stocks and contracts in progress | 3 | €0 | €94,223 | +€94,223 | |
| Stocks | 30/36 | €0 | €94,223 | +€94,223 | |
| Amounts receivable within one year | 40/41 | €45,391 | €27,542 | -€17,849 | -39.3% |
| Trade receivables | 40 | €27,117 | €3,972 | -€23,145 | -85.4% |
| Other amounts receivable | 41 | €18,274 | €23,570 | +€5,295 | +29.0% |
| Cash at bank and in hand | 54/58 | €114,163 | €45,523 | -€68,641 | -60.1% |
| Deferred charges and accrued income | 490/1 | €5,178 | €3,854 | -€1,324 | -25.6% |
| Total equity and liabilities | 10/49 | €561,083 | €530,096 | -€30,987 | -5.5% |
| Equity | 10/15 | €262,985 | €334,462 | +€71,478 | +27.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €191,820 | €262,820 | +€71,000 | +37.0% |
| Non-distributable reserves | 130/1 | €10,820 | €10,820 | = | 0.0% |
| Legal reserve | 130 | €10,820 | €10,820 | = | 0.0% |
| Distributable reserves | 133 | €181,000 | €252,000 | +€71,000 | +39.2% |
| Profit (loss) carried forward | 14 | -€28,835 | -€28,358 | +€478 | +1.7% |
| Amounts payable | 17/49 | €298,098 | €195,634 | -€102,464 | -34.4% |
| Amounts payable after more than one year | 17 | €1,250 | €1,250 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €296,223 | €193,759 | -€102,464 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €10,046 | €0 | -€10,046 | -100.0% |
| Trade debts | 44 | €41,771 | €12,009 | -€29,763 | -71.3% |
| Suppliers | 440/4 | €41,771 | €12,009 | -€29,763 | -71.3% |
| Advances received on contracts in progress | 46 | €90,208 | €56,733 | -€33,475 | -37.1% |
| Taxes, remuneration and social security | 45 | €32,040 | €37,401 | +€5,361 | +16.7% |
| Taxes | 450/3 | €13,081 | €16,633 | +€3,553 | +27.2% |
| Remuneration and social security | 454/9 | €18,959 | €20,768 | +€1,808 | +9.5% |
| Other amounts payable | 47/48 | €122,158 | €87,617 | -€34,541 | -28.3% |
| Accrued charges and deferred income | 492/3 | €625 | €625 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €121,106 | €121,162 | +€56 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,462 | €47,352 | +€890 | +1.9% |
| Other operating charges | 640/8 | €11,856 | €7,854 | -€4,002 | -33.8% |
| Gross operating margin | 9900 | €302,899 | €282,583 | -€20,316 | -6.7% |
| Operating profit (loss) | 9901 | €123,475 | €106,215 | -€17,260 | -14.0% |
| Financial income | 75/76B | €1 | €7 | +€6 | +470.3% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +470.3% |
| Financial charges | 65/66B | €7,159 | €4,850 | -€2,309 | -32.3% |
| Recurring financial charges | 65 | €7,159 | €4,850 | -€2,309 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €116,317 | €101,372 | -€14,946 | -12.8% |
| Income taxes | 67/77 | €33,636 | €29,894 | -€3,742 | -11.1% |
| Profit (loss) for the period | 9904 | €82,681 | €71,478 | -€11,203 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,681 | €71,478 | -€11,203 | -13.6% |
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 10 October 2026 via checked.be.