BIE US: 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 US
Largest movements
- Cash +€91,747
up €91,747 (+155.7%), from €58,923 to €150,670
mainly Net result for the year (+€79,201) and Depreciation (+€38,910)
- Receivables within one year -€35,452
down €35,452 (-39.7%), from €89,405 to €53,953
of which Trade receivables: -€33,283
- Tangible fixed assets -€32,197
down €32,197 (-6.5%), from €495,206 to €463,008
of which Land and buildings: -€20,727
- Reserves +€79,201
up €79,201 (+69.3%), from €114,285 to €193,486
- Debts after one year -€45,975
down €45,975 (-12.8%), from €358,088 to €312,112
- Trade debts -€39,143
down €39,143 (-63.9%), from €61,271 to €22,128
- Tax, wage and social debts +€28,534
up €28,534 (+134.9%), from €21,153 to €49,687
of which Taxes: +€27,471
- Gross operating margin +€95,098
up €95,098 (+56.9%), from €167,023 to €262,121
- Staff costs +€32,008
up €32,008 (+62.4%), from €51,332 to €83,340
- Taxes +€26,101
up €26,101 (+188.2%), from €13,870 to €39,971
- Depreciation +€3,331
up €3,331 (+9.4%), from €35,579 to €38,910
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 | €653,586 | €677,657 | +€24,071 | +3.7% |
| Fixed assets | 21/28 | €495,206 | €463,008 | -€32,197 | -6.5% |
| Tangible fixed assets | 22/27 | €495,206 | €463,008 | -€32,197 | -6.5% |
| Land and buildings | 22 | €447,178 | €426,451 | -€20,727 | -4.6% |
| Plant, machinery and equipment | 23 | €38,912 | €31,009 | -€7,903 | -20.3% |
| Furniture and vehicles | 24 | €3,857 | €2,436 | -€1,420 | -36.8% |
| Leasing and similar rights | 25 | €5,259 | €3,112 | -€2,147 | -40.8% |
| Current assets | 29/58 | €158,380 | €214,648 | +€56,268 | +35.5% |
| Stocks and contracts in progress | 3 | €8,200 | €8,341 | +€141 | +1.7% |
| Stocks | 30/36 | €8,200 | €8,341 | +€141 | +1.7% |
| Amounts receivable within one year | 40/41 | €89,405 | €53,953 | -€35,452 | -39.7% |
| Trade receivables | 40 | €82,805 | €49,521 | -€33,283 | -40.2% |
| Other amounts receivable | 41 | €6,600 | €4,432 | -€2,169 | -32.9% |
| Cash at bank and in hand | 54/58 | €58,923 | €150,670 | +€91,747 | +155.7% |
| Deferred charges and accrued income | 490/1 | €1,852 | €1,684 | -€168 | -9.1% |
| Total equity and liabilities | 10/49 | €653,586 | €677,657 | +€24,071 | +3.7% |
| Equity | 10/15 | €117,285 | €196,486 | +€79,201 | +67.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,285 | €193,486 | +€79,201 | +69.3% |
| Distributable reserves | 133 | €114,285 | €193,486 | +€79,201 | +69.3% |
| Amounts payable | 17/49 | €536,301 | €481,171 | -€55,130 | -10.3% |
| Amounts payable after more than one year | 17 | €358,088 | €312,112 | -€45,975 | -12.8% |
| Financial debts | 170/4 | €358,088 | €312,112 | -€45,975 | -12.8% |
| Amounts payable within one year | 42/48 | €175,949 | €169,058 | -€6,891 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €47,338 | €48,932 | +€1,594 | +3.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €61,271 | €22,128 | -€39,143 | -63.9% |
| Suppliers | 440/4 | €61,271 | €22,128 | -€39,143 | -63.9% |
| Advances received on contracts in progress | 46 | €3,200 | - | -€3,200 | |
| Taxes, remuneration and social security | 45 | €21,153 | €49,687 | +€28,534 | +134.9% |
| Taxes | 450/3 | €15,923 | €43,394 | +€27,471 | +172.5% |
| Remuneration and social security | 454/9 | €5,229 | €6,293 | +€1,063 | +20.3% |
| Other amounts payable | 47/48 | €42,988 | €48,312 | +€5,324 | +12.4% |
| Accrued charges and deferred income | 492/3 | €2,264 | - | -€2,264 | |
| Remuneration, social security and pensions | 62 | €51,332 | €83,340 | +€32,008 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,579 | €38,910 | +€3,331 | +9.4% |
| Other operating charges | 640/8 | €3,133 | €3,305 | +€172 | +5.5% |
| Gross operating margin | 9900 | €167,023 | €262,121 | +€95,098 | +56.9% |
| Operating profit (loss) | 9901 | €76,979 | €136,567 | +€59,587 | +77.4% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €18,863 | €17,395 | -€1,468 | -7.8% |
| Recurring financial charges | 65 | €18,863 | €17,395 | -€1,468 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €58,145 | €119,172 | +€61,027 | +105.0% |
| Income taxes | 67/77 | €13,870 | €39,971 | +€26,101 | +188.2% |
| Profit (loss) for the period | 9904 | €44,275 | €79,201 | +€34,926 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,275 | €79,201 | +€34,926 | +78.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.