Bi-Ma: 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.
Bi-Ma
Largest movements
- Cash -€275,148
down €275,148 (-51.3%), from €536,309 to €261,161
mainly Net result for the year (-€173,335) and Other debts (-€155,635)
- Receivables within one year -€93,089
down €93,089 (-82.6%), from €112,671 to €19,582
of which Trade receivables: -€105,916
- Stocks and contracts -€61,845
down €61,845 (-54.2%), from €114,111 to €52,266
- Profit (loss) carried forward -€173,334
down €173,334, from €160,712 to -€12,622
- Other debts -€155,635
down €155,635 (-33.9%), from €458,645 to €303,010
- Trade debts -€86,707
down €86,707 (-44.3%), from €195,874 to €109,167
- Tax, wage and social debts -€38,637
down €38,637 (-43.0%), from €89,791 to €51,154
of which Remuneration and social security: -€30,145
- Debts after one year +€21,109
new in 2025: €21,109
- Taxes +€204,439
up €204,439 (+3,337%), from €6,127 to €210,566
- Other operating charges +€80,129
up €80,129 (+2,197%), from €3,647 to €83,776
- Gross operating margin +€65,485
up €65,485 (+17.1%), from €383,286 to €448,771
- Staff costs -€21,970
down €21,970 (-7.1%), from €310,415 to €288,445
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 | €915,022 | €486,751 | -€428,271 | -46.8% |
| Fixed assets | 21/28 | €151,931 | €153,743 | +€1,812 | +1.2% |
| Tangible fixed assets | 22/27 | €151,931 | €153,743 | +€1,812 | +1.2% |
| Plant, machinery and equipment | 23 | €38,456 | €29,926 | -€8,530 | -22.2% |
| Furniture and vehicles | 24 | €3,337 | €28,377 | +€25,040 | +750% |
| Other tangible fixed assets | 26 | €110,138 | €95,439 | -€14,699 | -13.3% |
| Current assets | 29/58 | €763,091 | €333,009 | -€430,082 | -56.4% |
| Stocks and contracts in progress | 3 | €114,111 | €52,266 | -€61,845 | -54.2% |
| Stocks | 30/36 | €114,111 | €52,266 | -€61,845 | -54.2% |
| Amounts receivable within one year | 40/41 | €112,671 | €19,582 | -€93,089 | -82.6% |
| Trade receivables | 40 | €110,049 | €4,133 | -€105,916 | -96.2% |
| Other amounts receivable | 41 | €2,622 | €15,449 | +€12,827 | +489% |
| Cash at bank and in hand | 54/58 | €536,309 | €261,161 | -€275,148 | -51.3% |
| Total equity and liabilities | 10/49 | €915,022 | €486,751 | -€428,271 | -46.8% |
| Equity | 10/15 | €170,712 | -€2,622 | -€173,334 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,712 | -€12,622 | -€173,334 | |
| Amounts payable | 17/49 | €744,310 | €489,374 | -€254,937 | -34.3% |
| Amounts payable after more than one year | 17 | - | €21,109 | +€21,109 | |
| Financial debts | 170/4 | - | €21,109 | +€21,109 | |
| Amounts payable within one year | 42/48 | €744,310 | €468,264 | -€276,046 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,934 | +€4,934 | |
| Trade debts | 44 | €195,874 | €109,167 | -€86,707 | -44.3% |
| Suppliers | 440/4 | €195,874 | €109,167 | -€86,707 | -44.3% |
| Taxes, remuneration and social security | 45 | €89,791 | €51,154 | -€38,637 | -43.0% |
| Taxes | 450/3 | €42,350 | €33,858 | -€8,492 | -20.1% |
| Remuneration and social security | 454/9 | €47,441 | €17,297 | -€30,145 | -63.5% |
| Other amounts payable | 47/48 | €458,645 | €303,010 | -€155,635 | -33.9% |
| Remuneration, social security and pensions | 62 | €310,415 | €288,445 | -€21,970 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,922 | €24,635 | -€2,287 | -8.5% |
| Other operating charges | 640/8 | €3,647 | €83,776 | +€80,129 | +2,197% |
| Gross operating margin | 9900 | €383,286 | €448,771 | +€65,485 | +17.1% |
| Operating profit (loss) | 9901 | €42,302 | €51,914 | +€9,612 | +22.7% |
| Financial income | 75/76B | €155 | €30 | -€125 | -80.6% |
| Recurring financial income | 75 | €155 | €30 | -€125 | -80.6% |
| Financial charges | 65/66B | €15,387 | €14,714 | -€673 | -4.4% |
| Recurring financial charges | 65 | €15,387 | €14,714 | -€673 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €27,070 | €37,231 | +€10,161 | +37.5% |
| Income taxes | 67/77 | €6,127 | €210,566 | +€204,439 | +3,337% |
| Profit (loss) for the period | 9904 | €20,943 | -€173,335 | -€194,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,943 | -€173,335 | -€194,278 |
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 19 October 2026 via checked.be.