Bicorne: 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.
Bicorne
Largest movements
- Tangible fixed assets -€2,885
down €2,885 (-27.8%), from €10,387 to €7,502
of which Plant, machinery and equipment: -€4,375
- Cash +€1,772
up €1,772 (+4,789%), from €37 to €1,809
mainly Net result for the year (+€8,227) and Depreciation (+€5,015)
- Receivables within one year -€1,183
no longer reported in 2025 (was €1,183)
- Stocks and contracts -€807
down €807 (-33.9%), from €2,379 to €1,572
- Other debts -€10,972
down €10,972 (-90.1%), from €12,184 to €1,212
- Profit (loss) carried forward +€8,227
up €8,227 (+51.5%), from -€15,961 to -€7,734
- Trade debts -€3,063
no longer reported in 2025 (was €3,063)
- Tax, wage and social debts +€2,705
up €2,705 (+31.8%), from €8,500 to €11,205
- Gross operating margin -€20,052
down €20,052 (-52.9%), from €37,896 to €17,844
- Turnover -€10,321
down €10,321 (-9.3%), from €111,537 to €101,216
- Purchases and services +€9,731
up €9,731 (+13.2%), from €73,641 to €83,372
- Taxes -€2,758
down €2,758 (-48.1%), from €5,728 to €2,970
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 | €13,986 | €10,883 | -€3,103 | -22.2% |
| Fixed assets | 21/28 | €10,387 | €7,502 | -€2,885 | -27.8% |
| Tangible fixed assets | 22/27 | €10,387 | €7,502 | -€2,885 | -27.8% |
| Plant, machinery and equipment | 23 | €8,092 | €3,717 | -€4,375 | -54.1% |
| Furniture and vehicles | 24 | €2,295 | €3,785 | +€1,490 | +64.9% |
| Current assets | 29/58 | €3,599 | €3,381 | -€218 | -6.1% |
| Stocks and contracts in progress | 3 | €2,379 | €1,572 | -€807 | -33.9% |
| Stocks | 30/36 | €2,379 | €1,572 | -€807 | -33.9% |
| Amounts receivable within one year | 40/41 | €1,183 | - | -€1,183 | |
| Trade receivables | 40 | €1,183 | - | -€1,183 | |
| Cash at bank and in hand | 54/58 | €37 | €1,809 | +€1,772 | +4,789% |
| Total equity and liabilities | 10/49 | €13,986 | €10,883 | -€3,103 | -22.2% |
| Equity | 10/15 | -€9,761 | -€1,534 | +€8,227 | +84.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,961 | -€7,734 | +€8,227 | +51.5% |
| Amounts payable | 17/49 | €23,747 | €12,417 | -€11,330 | -47.7% |
| Amounts payable within one year | 42/48 | €23,747 | €12,417 | -€11,330 | -47.7% |
| Trade debts | 44 | €3,063 | - | -€3,063 | |
| Suppliers | 440/4 | €3,063 | - | -€3,063 | |
| Taxes, remuneration and social security | 45 | €8,500 | €11,205 | +€2,705 | +31.8% |
| Taxes | 450/3 | €8,500 | €11,205 | +€2,705 | +31.8% |
| Other amounts payable | 47/48 | €12,184 | €1,212 | -€10,972 | -90.1% |
| Turnover | 70 | €111,537 | €101,216 | -€10,321 | -9.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,641 | €83,372 | +€9,731 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,979 | €5,015 | +€36 | +0.7% |
| Other operating charges | 640/8 | €885 | €737 | -€148 | -16.7% |
| Gross operating margin | 9900 | €37,896 | €17,844 | -€20,052 | -52.9% |
| Operating profit (loss) | 9901 | €32,032 | €12,092 | -€19,940 | -62.3% |
| Financial charges | 65/66B | €1,354 | €895 | -€459 | -33.9% |
| Recurring financial charges | 65 | €1,354 | €895 | -€459 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €30,678 | €11,197 | -€19,481 | -63.5% |
| Income taxes | 67/77 | €5,728 | €2,970 | -€2,758 | -48.1% |
| Profit (loss) for the period | 9904 | €24,950 | €8,227 | -€16,723 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,950 | €8,227 | -€16,723 | -67.0% |
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.