BICS: 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.
BICS
Largest movements
- Tangible fixed assets -€98,423
down €98,423 (-19.1%), from €515,113 to €416,690
- Cash +€70,739
up €70,739 (+10.2%), from €690,328 to €761,067
mainly Net result for the year (+€280,022) and Depreciation (+€103,299)
- Reserves -€21,100
down €21,100 (-1.8%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€42,100
- Gross operating margin +€61,104
up €61,104 (+10.9%), from €562,095 to €623,199
- Staff costs +€26,965
up €26,965 (+21.5%), from €125,356 to €152,321
- Taxes +€20,544
up €20,544 (+23.0%), from €89,316 to €109,860
- Financial income +€15,038
up €15,038 (+116.9%), from €12,863 to €27,901
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 | €1,246,868 | €1,228,944 | -€17,924 | -1.4% |
| Fixed assets | 21/28 | €515,113 | €416,690 | -€98,423 | -19.1% |
| Tangible fixed assets | 22/27 | €515,113 | €416,690 | -€98,423 | -19.1% |
| Land and buildings | 22 | €311,968 | €280,640 | -€31,328 | -10.0% |
| Plant, machinery and equipment | 23 | €142,354 | €116,942 | -€25,412 | -17.9% |
| Furniture and vehicles | 24 | €60,791 | €19,108 | -€41,683 | -68.6% |
| Current assets | 29/58 | €731,755 | €812,254 | +€80,499 | +11.0% |
| Stocks and contracts in progress | 3 | €41,203 | €39,525 | -€1,678 | -4.1% |
| Stocks | 30/36 | €41,203 | €39,525 | -€1,678 | -4.1% |
| Amounts receivable within one year | 40/41 | €224 | €11,662 | +€11,438 | +5106.3% |
| Trade receivables | 40 | €224 | €5,516 | +€5,292 | +2362.5% |
| Other amounts receivable | 41 | - | €6,146 | +€6,146 | |
| Cash at bank and in hand | 54/58 | €690,328 | €761,067 | +€70,739 | +10.2% |
| Total equity and liabilities | 10/49 | €1,246,868 | €1,228,944 | -€17,924 | -1.4% |
| Equity | 10/15 | €1,224,103 | €1,203,124 | -€20,979 | -1.7% |
| Reserves | 13 | €1,185,470 | €1,164,370 | -€21,100 | -1.8% |
| Tax-exempt reserves | 132 | €252,600 | €210,500 | -€42,100 | -16.7% |
| Distributable reserves | 133 | €932,870 | €953,870 | +€21,000 | +2.3% |
| Profit (loss) carried forward | 14 | €38,633 | €38,754 | +€121 | +0.3% |
| Amounts payable | 17/49 | €22,765 | €25,820 | +€3,055 | +13.4% |
| Amounts payable within one year | 42/48 | €22,765 | €25,820 | +€3,055 | +13.4% |
| Trade debts | 44 | €11,947 | €8,938 | -€3,009 | -25.2% |
| Suppliers | 440/4 | €11,947 | €8,938 | -€3,009 | -25.2% |
| Taxes, remuneration and social security | 45 | €10,818 | €16,882 | +€6,064 | +56.1% |
| Taxes | 450/3 | €10,818 | €9,561 | -€1,257 | -11.6% |
| Remuneration and social security | 454/9 | - | €7,321 | +€7,321 | |
| Remuneration, social security and pensions | 62 | €125,356 | €152,321 | +€26,965 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,231 | €103,299 | +€1,068 | +1.0% |
| Other operating charges | 640/8 | €4,898 | €5,050 | +€152 | +3.1% |
| Gross operating margin | 9900 | €562,095 | €623,199 | +€61,104 | +10.9% |
| Operating profit (loss) | 9901 | €329,610 | €362,529 | +€32,919 | +10.0% |
| Financial income | 75/76B | €12,863 | €27,901 | +€15,038 | +116.9% |
| Recurring financial income | 75 | €12,863 | €27,901 | +€15,038 | +116.9% |
| Financial charges | 65/66B | €433 | €548 | +€115 | +26.6% |
| Recurring financial charges | 65 | €433 | €548 | +€115 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €342,040 | €389,882 | +€47,842 | +14.0% |
| Income taxes | 67/77 | €89,316 | €109,860 | +€20,544 | +23.0% |
| Profit (loss) for the period | 9904 | €252,724 | €280,022 | +€27,298 | +10.8% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €126,424 | €322,122 | +€195,698 | +154.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.