BICEP: 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.
BICEP
Largest movements
- Cash -€31,225
down €31,225 (-12.3%), from €253,268 to €222,043
mainly Other debts (-€52,822) and Contributions, distributions and other (-€25,000)
- Tangible fixed assets -€26,190
down €26,190 (-10.8%), from €241,753 to €215,562
of which Land and buildings: -€25,990
- Current investments +€11,067
up €11,067 (+19.7%), from €56,219 to €67,286
- Other debts -€52,822
down €52,822 (-72.0%), from €73,340 to €20,518
- Reserves +€35,065
up €35,065 (+55.7%), from €62,906 to €97,971
of which Distributable reserves: +€40,703
- Profit (loss) carried forward -€25,000
down €25,000 (-8.3%), from €302,195 to €277,195
- Tax, wage and social debts -€12,430
down €12,430 (-51.8%), from €24,000 to €11,570
- Accrued charges and deferred income +€11,927
up €11,927 (+89.7%), from €13,290 to €25,218
- Financial charges -€8,850
down €8,850 (-89.2%), from €9,918 to €1,068
- Taxes +€6,535
up €6,535 (+44.2%), from €14,771 to €21,306
- Depreciation -€2,193
down €2,193 (-7.7%), from €28,384 to €26,190
- Financial income -€1,234
down €1,234 (-28.7%), from €4,303 to €3,068
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 | €554,328 | €507,797 | -€46,531 | -8.4% |
| Fixed assets | 21/28 | €241,815 | €215,624 | -€26,190 | -10.8% |
| Tangible fixed assets | 22/27 | €241,753 | €215,562 | -€26,190 | -10.8% |
| Land and buildings | 22 | €241,353 | €215,362 | -€25,990 | -10.8% |
| Plant, machinery and equipment | 23 | €400 | €200 | -€200 | -50.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €312,513 | €292,172 | -€20,341 | -6.5% |
| Amounts receivable within one year | 40/41 | €226 | - | -€226 | |
| Trade receivables | 40 | €226 | - | -€226 | |
| Current investments | 50/53 | €56,219 | €67,286 | +€11,067 | +19.7% |
| Cash at bank and in hand | 54/58 | €253,268 | €222,043 | -€31,225 | -12.3% |
| Deferred charges and accrued income | 490/1 | €2,800 | €2,843 | +€44 | +1.6% |
| Total equity and liabilities | 10/49 | €554,328 | €507,797 | -€46,531 | -8.4% |
| Equity | 10/15 | €426,601 | €436,665 | +€10,065 | +2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €62,906 | €97,971 | +€35,065 | +55.7% |
| Non-distributable reserves | 130/1 | €30,391 | €30,391 | = | 0.0% |
| Legal reserve | 130 | €30,391 | €30,391 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,920 | €26,281 | -€5,638 | -17.7% |
| Distributable reserves | 133 | €595 | €41,298 | +€40,703 | +6835.2% |
| Profit (loss) carried forward | 14 | €302,195 | €277,195 | -€25,000 | -8.3% |
| Provisions and deferred taxes | 16 | €16,418 | €13,513 | -€2,905 | -17.7% |
| Deferred taxes | 168 | €16,418 | €13,513 | -€2,905 | -17.7% |
| Amounts payable | 17/49 | €111,309 | €57,618 | -€53,691 | -48.2% |
| Amounts payable within one year | 42/48 | €98,018 | €32,401 | -€65,618 | -66.9% |
| Trade debts | 44 | €678 | €313 | -€366 | -53.9% |
| Suppliers | 440/4 | €678 | €313 | -€366 | -53.9% |
| Taxes, remuneration and social security | 45 | €24,000 | €11,570 | -€12,430 | -51.8% |
| Taxes | 450/3 | €24,000 | €11,570 | -€12,430 | -51.8% |
| Other amounts payable | 47/48 | €73,340 | €20,518 | -€52,822 | -72.0% |
| Accrued charges and deferred income | 492/3 | €13,290 | €25,218 | +€11,927 | +89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,384 | €26,190 | -€2,193 | -7.7% |
| Other operating charges | 640/8 | €8,305 | €8,639 | +€333 | +4.0% |
| Gross operating margin | 9900 | €85,907 | €86,295 | +€388 | +0.5% |
| Operating profit (loss) | 9901 | €49,218 | €51,466 | +€2,248 | +4.6% |
| Financial income | 75/76B | €4,303 | €3,068 | -€1,234 | -28.7% |
| Recurring financial income | 75 | €4,303 | €3,068 | -€1,234 | -28.7% |
| Financial charges | 65/66B | €9,918 | €1,068 | -€8,850 | -89.2% |
| Recurring financial charges | 65 | €9,918 | €1,068 | -€8,850 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €43,603 | €53,466 | +€9,863 | +22.6% |
| Transfer from deferred taxes | 780 | €2,905 | €2,905 | = | 0.0% |
| Income taxes | 67/77 | €14,771 | €21,306 | +€6,535 | +44.2% |
| Profit (loss) for the period | 9904 | €31,736 | €35,065 | +€3,328 | +10.5% |
| Transfer from tax-exempt reserves | 789 | €5,638 | €5,638 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,375 | €40,703 | +€3,328 | +8.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.