BIANCAPAD: 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.
BIANCAPAD
Largest movements
- Cash +€46,202
up €46,202 (+224%), from €20,651 to €66,853
mainly Net result for the year (+€60,409) and Tax, wage and social debts (+€14,190)
- Receivables within one year +€22,940
up €22,940 (+22.0%), from €104,460 to €127,400
of which Other amounts receivable: +€24,130
- Tangible fixed assets -€11,714
down €11,714 (-49.1%), from €23,857 to €12,144
of which Furniture and vehicles: -€6,006
- Stocks and contracts +€9,980
up €9,980 (+112%), from €8,901 to €18,881
- Reserves +€60,409
up €60,409 (+176%), from €34,318 to €94,727
- Tax, wage and social debts +€14,190
up €14,190 (+32.8%), from €43,200 to €57,390
of which Taxes: +€13,005
- Debts after one year -€4,566
down €4,566 (-53.9%), from €8,477 to €3,911
- Accrued charges and deferred income -€3,220
no longer reported in 2025 (was €3,220)
- Other operating charges -€4,105
down €4,105 (-69.2%), from €5,935 to €1,830
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 | €163,680 | €231,147 | +€67,467 | +41.2% |
| Fixed assets | 21/28 | €28,572 | €16,859 | -€11,714 | -41.0% |
| Tangible fixed assets | 22/27 | €23,857 | €12,144 | -€11,714 | -49.1% |
| Plant, machinery and equipment | 23 | €4,732 | €2,240 | -€2,492 | -52.7% |
| Furniture and vehicles | 24 | €6,012 | €5 | -€6,006 | -99.9% |
| Leasing and similar rights | 25 | €8,423 | €6,544 | -€1,879 | -22.3% |
| Other tangible fixed assets | 26 | €4,691 | €3,355 | -€1,336 | -28.5% |
| Financial fixed assets | 28 | €4,715 | €4,715 | = | 0.0% |
| Current assets | 29/58 | €135,107 | €214,289 | +€79,181 | +58.6% |
| Stocks and contracts in progress | 3 | €8,901 | €18,881 | +€9,980 | +112% |
| Stocks | 30/36 | €8,901 | €18,881 | +€9,980 | +112% |
| Amounts receivable within one year | 40/41 | €104,460 | €127,400 | +€22,940 | +22.0% |
| Trade receivables | 40 | €3,736 | €2,546 | -€1,190 | -31.8% |
| Other amounts receivable | 41 | €100,724 | €124,854 | +€24,130 | +24.0% |
| Cash at bank and in hand | 54/58 | €20,651 | €66,853 | +€46,202 | +224% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,154 | +€59 | +5.4% |
| Total equity and liabilities | 10/49 | €163,680 | €231,147 | +€67,467 | +41.2% |
| Equity | 10/15 | €40,518 | €100,927 | +€60,409 | +149% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,318 | €94,727 | +€60,409 | +176% |
| Distributable reserves | 133 | €34,318 | €94,727 | +€60,409 | +176% |
| Amounts payable | 17/49 | €123,161 | €130,220 | +€7,059 | +5.7% |
| Amounts payable after more than one year | 17 | €8,477 | €3,911 | -€4,566 | -53.9% |
| Financial debts | 170/4 | €8,477 | €3,911 | -€4,566 | -53.9% |
| Amounts payable within one year | 42/48 | €111,464 | €126,309 | +€14,845 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €4,431 | €4,566 | +€135 | +3.1% |
| Trade debts | 44 | €63,833 | €64,353 | +€520 | +0.8% |
| Suppliers | 440/4 | €63,833 | €64,353 | +€520 | +0.8% |
| Taxes, remuneration and social security | 45 | €43,200 | €57,390 | +€14,190 | +32.8% |
| Taxes | 450/3 | €28,139 | €41,144 | +€13,005 | +46.2% |
| Remuneration and social security | 454/9 | €15,061 | €16,246 | +€1,185 | +7.9% |
| Accrued charges and deferred income | 492/3 | €3,220 | - | -€3,220 | |
| Remuneration, social security and pensions | 62 | €153,137 | €151,801 | -€1,336 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,579 | €6,033 | -€546 | -8.3% |
| Other operating charges | 640/8 | €5,935 | €1,830 | -€4,105 | -69.2% |
| Non-recurring operating charges | 66A | - | €3,681 | +€3,681 | |
| Gross operating margin | 9900 | €249,480 | €251,188 | +€1,708 | +0.7% |
| Operating profit (loss) | 9901 | €83,829 | €87,843 | +€4,014 | +4.8% |
| Financial income | 75/76B | €5,802 | €6,302 | +€500 | +8.6% |
| Recurring financial income | 75 | €5,802 | €6,302 | +€500 | +8.6% |
| Financial charges | 65/66B | €10,877 | €8,884 | -€1,992 | -18.3% |
| Recurring financial charges | 65 | €10,877 | €8,884 | -€1,992 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €78,754 | €85,261 | +€6,506 | +8.3% |
| Income taxes | 67/77 | €22,638 | €24,852 | +€2,214 | +9.8% |
| Profit (loss) for the period | 9904 | €56,116 | €60,409 | +€4,292 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,116 | €60,409 | +€4,292 | +7.6% |
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 14 October 2026 via checked.be.