BIE WHEELS: 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.
BIE WHEELS
Largest movements
- Cash +€50,770
up €50,770 (+169.8%), from €29,893 to €80,663
mainly Depreciation (+€39,194) and Net result for the year (+€32,001)
- Tangible fixed assets -€15,534
down €15,534 (-5.1%), from €304,095 to €288,561
of which Land and buildings: -€14,128
- Debts after one year -€20,810
down €20,810 (-7.9%), from €261,968 to €241,157
- Other debts +€19,772
up €19,772 (+195.2%), from €10,130 to €29,902
- Profit (loss) carried forward +€13,501
up €13,501 (+29.4%), from €45,943 to €59,444
- Trade debts +€12,547
up €12,547 (+58.5%), from €21,447 to €33,993
- Tax, wage and social debts +€4,984
up €4,984 (+33.8%), from €14,757 to €19,741
of which Remuneration and social security: +€3,176
- Gross operating margin +€14,406
up €14,406 (+12.9%), from €111,419 to €125,825
- Taxes +€2,442
up €2,442 (+32.0%), from €7,622 to €10,064
- Staff costs -€1,548
down €1,548 (-4.5%), from €34,613 to €33,065
- Other operating charges +€1,402
up €1,402 (+208.6%), from €672 to €2,074
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 | €393,538 | €426,322 | +€32,784 | +8.3% |
| Fixed assets | 21/28 | €304,095 | €288,561 | -€15,534 | -5.1% |
| Tangible fixed assets | 22/27 | €304,095 | €288,561 | -€15,534 | -5.1% |
| Land and buildings | 22 | €253,093 | €238,965 | -€14,128 | -5.6% |
| Plant, machinery and equipment | 23 | €26,318 | €28,255 | +€1,937 | +7.4% |
| Furniture and vehicles | 24 | €24,684 | €21,341 | -€3,343 | -13.5% |
| Current assets | 29/58 | €89,442 | €137,761 | +€48,318 | +54.0% |
| Stocks and contracts in progress | 3 | €33,901 | €30,873 | -€3,028 | -8.9% |
| Stocks | 30/36 | €33,901 | €30,873 | -€3,028 | -8.9% |
| Amounts receivable within one year | 40/41 | €24,191 | €24,851 | +€660 | +2.7% |
| Trade receivables | 40 | €23,691 | €24,351 | +€660 | +2.8% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,893 | €80,663 | +€50,770 | +169.8% |
| Deferred charges and accrued income | 490/1 | €1,456 | €1,373 | -€83 | -5.7% |
| Total equity and liabilities | 10/49 | €393,538 | €426,322 | +€32,784 | +8.3% |
| Equity | 10/15 | €60,943 | €74,444 | +€13,501 | +22.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,943 | €59,444 | +€13,501 | +29.4% |
| Amounts payable | 17/49 | €332,595 | €351,878 | +€19,283 | +5.8% |
| Amounts payable after more than one year | 17 | €261,968 | €241,157 | -€20,810 | -7.9% |
| Financial debts | 170/4 | €261,968 | €241,157 | -€20,810 | -7.9% |
| Amounts payable within one year | 42/48 | €66,722 | €106,465 | +€39,742 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €20,389 | €20,810 | +€421 | +2.1% |
| Financial debts | 43 | - | €2,018 | +€2,018 | |
| Credit institutions | 430/8 | - | €2,018 | +€2,018 | |
| Trade debts | 44 | €21,447 | €33,993 | +€12,547 | +58.5% |
| Suppliers | 440/4 | €21,447 | €33,993 | +€12,547 | +58.5% |
| Taxes, remuneration and social security | 45 | €14,757 | €19,741 | +€4,984 | +33.8% |
| Taxes | 450/3 | €11,960 | €13,768 | +€1,808 | +15.1% |
| Remuneration and social security | 454/9 | €2,796 | €5,973 | +€3,176 | +113.6% |
| Other amounts payable | 47/48 | €10,130 | €29,902 | +€19,772 | +195.2% |
| Accrued charges and deferred income | 492/3 | €3,905 | €4,256 | +€351 | +9.0% |
| Remuneration, social security and pensions | 62 | €34,613 | €33,065 | -€1,548 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,681 | €39,194 | +€513 | +1.3% |
| Other operating charges | 640/8 | €672 | €2,074 | +€1,402 | +208.6% |
| Gross operating margin | 9900 | €111,419 | €125,825 | +€14,406 | +12.9% |
| Operating profit (loss) | 9901 | €37,453 | €51,492 | +€14,039 | +37.5% |
| Financial income | 75/76B | €69 | €31 | -€37 | -54.2% |
| Recurring financial income | 75 | €69 | €31 | -€37 | -54.2% |
| Financial charges | 65/66B | €9,245 | €9,459 | +€214 | +2.3% |
| Recurring financial charges | 65 | €9,245 | €9,459 | +€214 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €28,277 | €42,065 | +€13,788 | +48.8% |
| Income taxes | 67/77 | €7,622 | €10,064 | +€2,442 | +32.0% |
| Profit (loss) for the period | 9904 | €20,655 | €32,001 | +€11,346 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,655 | €32,001 | +€11,346 | +54.9% |
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 5 October 2026 via checked.be.