BICOZ: what changed
Two fiscal 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.
BICOZ
Largest movements
- Cash +€160,668
up €160,668 (+47.5%), from €337,957 to €498,624
mainly Net result for the year (+€820,702) and Short-term financial debts (+€250,000)
- Current investments -€100,395
no longer reported in 2026 (was €100,395)
- Tangible fixed assets -€57,608
down €57,608 (-24.0%), from €239,584 to €181,976
- Stocks and contracts +€55,700
up €55,700 (+20.6%), from €270,200 to €325,900
- Receivables within one year +€52,383
up €52,383 (+14.0%), from €374,572 to €426,955
- Short-term financial debts +€250,000
new in 2026: €250,000
- Trade debts -€208,691
down €208,691 (-61.1%), from €341,382 to €132,691
- Other debts +€191,824
up €191,824 (+28.2%), from €680,708 to €872,532
- Current portion of long-term debt -€80,221
down €80,221 (-81.5%), from €98,421 to €18,200
- Tax, wage and social debts -€21,410
down €21,410 (-18.4%), from €116,337 to €94,926
of which Taxes: -€21,410
- Gross operating margin +€121,780
up €121,780 (+11.7%), from €1.0m to €1.2m
- Taxes +€31,782
up €31,782 (+13.2%), from €240,276 to €272,058
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,325,737 | €1,438,874 | +€113,137 | +8.5% |
| Fixed assets | 21/28 | €239,584 | €181,976 | -€57,608 | -24.0% |
| Tangible fixed assets | 22/27 | €239,584 | €181,976 | -€57,608 | -24.0% |
| Land and buildings | 22 | €62,267 | €49,350 | -€12,917 | -20.7% |
| Plant, machinery and equipment | 23 | €164 | - | -€164 | |
| Furniture and vehicles | 24 | €42,193 | €19,529 | -€22,665 | -53.7% |
| Other tangible fixed assets | 26 | €134,960 | €113,098 | -€21,863 | -16.2% |
| Current assets | 29/58 | €1,086,153 | €1,256,898 | +€170,745 | +15.7% |
| Stocks and contracts in progress | 3 | €270,200 | €325,900 | +€55,700 | +20.6% |
| Stocks | 30/36 | €270,200 | €325,900 | +€55,700 | +20.6% |
| Amounts receivable within one year | 40/41 | €374,572 | €426,955 | +€52,383 | +14.0% |
| Trade receivables | 40 | €374,572 | €426,955 | +€52,383 | +14.0% |
| Current investments | 50/53 | €100,395 | - | -€100,395 | |
| Cash at bank and in hand | 54/58 | €337,957 | €498,624 | +€160,668 | +47.5% |
| Deferred charges and accrued income | 490/1 | €3,030 | €5,418 | +€2,389 | +78.8% |
| Total equity and liabilities | 10/49 | €1,325,737 | €1,438,874 | +€113,137 | +8.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €1,305,277 | €1,418,414 | +€113,137 | +8.7% |
| Amounts payable after more than one year | 17 | €68,265 | €50,064 | -€18,201 | -26.7% |
| Financial debts | 170/4 | €68,265 | €50,064 | -€18,201 | -26.7% |
| Amounts payable within one year | 42/48 | €1,236,848 | €1,368,350 | +€131,502 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €98,421 | €18,200 | -€80,221 | -81.5% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €341,382 | €132,691 | -€208,691 | -61.1% |
| Suppliers | 440/4 | €341,382 | €132,691 | -€208,691 | -61.1% |
| Taxes, remuneration and social security | 45 | €116,337 | €94,926 | -€21,410 | -18.4% |
| Taxes | 450/3 | €114,512 | €93,101 | -€21,410 | -18.7% |
| Remuneration and social security | 454/9 | €1,825 | €1,825 | = | 0.0% |
| Other amounts payable | 47/48 | €680,708 | €872,532 | +€191,824 | +28.2% |
| Accrued charges and deferred income | 492/3 | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,907 | €57,608 | -€1,299 | -2.2% |
| Other operating charges | 640/8 | €872 | €1,166 | +€293 | +33.6% |
| Gross operating margin | 9900 | €1,037,644 | €1,159,425 | +€121,780 | +11.7% |
| Operating profit (loss) | 9901 | €977,865 | €1,100,651 | +€122,786 | +12.6% |
| Financial income | 75/76B | €566 | €1,121 | +€556 | +98.2% |
| Recurring financial income | 75 | €566 | €1,121 | +€556 | +98.2% |
| Financial charges | 65/66B | €7,606 | €9,013 | +€1,407 | +18.5% |
| Recurring financial charges | 65 | €7,606 | €9,013 | +€1,407 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €970,825 | €1,092,759 | +€121,934 | +12.6% |
| Income taxes | 67/77 | €240,276 | €272,058 | +€31,782 | +13.2% |
| Profit (loss) for the period | 9904 | €730,549 | €820,702 | +€90,152 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €730,549 | €820,702 | +€90,152 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.