BIE BAERT: 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.
BIE BAERT
Largest movements
- Cash +€35,478
up €35,478 (+62.6%), from €56,669 to €92,147
mainly Net result for the year (+€38,167) and Trade debts (+€35,589)
- Receivables within one year +€27,559
up €27,559 (+154%), from €17,843 to €45,402
of which Trade receivables: +€24,534
- Stocks and contracts +€6,602
up €6,602 (+2.1%), from €319,072 to €325,674
- Reserves +€38,167
up €38,167 (+10.8%), from €354,218 to €392,385
- Trade debts +€35,589
up €35,589 (+3,205%), from €1,111 to €36,700
- Gross operating margin -€34,619
down €34,619 (-37.8%), from €91,535 to €56,917
- Taxes -€9,704
down €9,704 (-40.1%), from €24,221 to €14,517
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 | €399,674 | €469,534 | +€69,861 | +17.5% |
| Fixed assets | 21/28 | €2,506 | €2,416 | -€90 | -3.6% |
| Tangible fixed assets | 22/27 | €2,506 | €2,416 | -€90 | -3.6% |
| Plant, machinery and equipment | 23 | - | €1,132 | +€1,132 | |
| Furniture and vehicles | 24 | €2,506 | €1,284 | -€1,222 | -48.8% |
| Current assets | 29/58 | €397,168 | €467,118 | +€69,951 | +17.6% |
| Stocks and contracts in progress | 3 | €319,072 | €325,674 | +€6,602 | +2.1% |
| Stocks | 30/36 | €319,072 | €325,674 | +€6,602 | +2.1% |
| Amounts receivable within one year | 40/41 | €17,843 | €45,402 | +€27,559 | +154% |
| Trade receivables | 40 | €17,843 | €42,378 | +€24,534 | +138% |
| Other amounts receivable | 41 | €0 | €3,025 | +€3,025 | |
| Cash at bank and in hand | 54/58 | €56,669 | €92,147 | +€35,478 | +62.6% |
| Deferred charges and accrued income | 490/1 | €3,584 | €3,894 | +€311 | +8.7% |
| Total equity and liabilities | 10/49 | €399,674 | €469,534 | +€69,861 | +17.5% |
| Equity | 10/15 | €372,818 | €410,985 | +€38,167 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €354,218 | €392,385 | +€38,167 | +10.8% |
| Distributable reserves | 133 | €354,218 | €392,385 | +€38,167 | +10.8% |
| Amounts payable | 17/49 | €26,856 | €58,549 | +€31,693 | +118% |
| Amounts payable within one year | 42/48 | €26,856 | €57,936 | +€31,080 | +116% |
| Trade debts | 44 | €1,111 | €36,700 | +€35,589 | +3,205% |
| Suppliers | 440/4 | €1,111 | €36,700 | +€35,589 | +3,205% |
| Taxes, remuneration and social security | 45 | €22,968 | €21,236 | -€1,732 | -7.5% |
| Taxes | 450/3 | €22,968 | €21,236 | -€1,732 | -7.5% |
| Other amounts payable | 47/48 | €2,777 | €0 | -€2,777 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €613 | +€613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,363 | €1,619 | +€255 | +18.7% |
| Other operating charges | 640/8 | €1,530 | €2,384 | +€854 | +55.8% |
| Gross operating margin | 9900 | €91,535 | €56,917 | -€34,619 | -37.8% |
| Operating profit (loss) | 9901 | €88,642 | €52,914 | -€35,728 | -40.3% |
| Financial income | 75/76B | €1 | €131 | +€130 | +10,808% |
| Recurring financial income | 75 | €1 | €131 | +€130 | +10,808% |
| Financial charges | 65/66B | €542 | €360 | -€182 | -33.5% |
| Recurring financial charges | 65 | €542 | €360 | -€182 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €88,101 | €52,684 | -€35,417 | -40.2% |
| Income taxes | 67/77 | €24,221 | €14,517 | -€9,704 | -40.1% |
| Profit (loss) for the period | 9904 | €63,880 | €38,167 | -€25,713 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,880 | €38,167 | -€25,713 | -40.3% |
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 25 October 2026 via checked.be.