BIEBOUW: 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.
BIEBOUW
Largest movements
- Current investments +€506,131
new in 2025: €506,131
- Cash -€427,070
down €427,070 (-55.0%), from €775,999 to €348,929
mainly Current investments (-€506,131) and Receivables within one year (-€101,570)
- Receivables within one year +€101,570
up €101,570 (+50.6%), from €200,791 to €302,361
of which Trade receivables: +€60,750
- Reserves +€182,245
up €182,245 (+22.5%), from €810,593 to €992,837
of which Distributable reserves: +€182,245
- Gross operating margin +€137,775
up €137,775 (+92.5%), from €148,919 to €286,693
- Taxes +€48,573
up €48,573 (+101.0%), from €48,086 to €96,659
- Financial charges +€22,556
up €22,556 (+342.2%), from €6,592 to €29,149
- Write-downs +€19,313
up €19,313, from -€19,313 to €0
- Financial income +€17,407
up €17,407 (+250.7%), from €6,942 to €24,350
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 | €986,999 | €1,157,422 | +€170,423 | +17.3% |
| Fixed assets | 21/28 | €10,209 | €0 | -€10,209 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,209 | €0 | -€10,209 | -100.0% |
| Furniture and vehicles | 24 | €10,209 | €0 | -€10,209 | -100.0% |
| Current assets | 29/58 | €976,790 | €1,157,422 | +€180,632 | +18.5% |
| Amounts receivable within one year | 40/41 | €200,791 | €302,361 | +€101,570 | +50.6% |
| Trade receivables | 40 | €69,797 | €130,547 | +€60,750 | +87.0% |
| Other amounts receivable | 41 | €130,994 | €171,814 | +€40,820 | +31.2% |
| Current investments | 50/53 | - | €506,131 | +€506,131 | |
| Cash at bank and in hand | 54/58 | €775,999 | €348,929 | -€427,070 | -55.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €986,999 | €1,157,422 | +€170,423 | +17.3% |
| Equity | 10/15 | €829,193 | €1,011,437 | +€182,245 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €810,593 | €992,837 | +€182,245 | +22.5% |
| Non-distributable reserves | 130/1 | €2,151 | €2,151 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,151 | €2,151 | = | 0.0% |
| Distributable reserves | 133 | €808,442 | €990,686 | +€182,245 | +22.5% |
| Amounts payable | 17/49 | €157,806 | €145,984 | -€11,822 | -7.5% |
| Amounts payable within one year | 42/48 | €157,806 | €145,984 | -€11,822 | -7.5% |
| Trade debts | 44 | €119,895 | €123,169 | +€3,274 | +2.7% |
| Suppliers | 440/4 | €119,895 | €123,169 | +€3,274 | +2.7% |
| Advances received on contracts in progress | 46 | €4,000 | €0 | -€4,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €33,911 | €22,815 | -€11,096 | -32.7% |
| Taxes | 450/3 | €33,911 | €22,815 | -€11,096 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €0 | -€614 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,313 | €0 | +€19,313 | |
| Other operating charges | 640/8 | €765 | €2,990 | +€2,225 | +290.7% |
| Non-recurring operating charges | 66A | €19,313 | €0 | -€19,313 | -100.0% |
| Gross operating margin | 9900 | €148,919 | €286,693 | +€137,775 | +92.5% |
| Operating profit (loss) | 9901 | €147,539 | €283,703 | +€136,163 | +92.3% |
| Financial income | 75/76B | €6,942 | €24,350 | +€17,407 | +250.7% |
| Recurring financial income | 75 | €6,942 | €24,350 | +€17,407 | +250.7% |
| Financial charges | 65/66B | €6,592 | €29,149 | +€22,556 | +342.2% |
| Recurring financial charges | 65 | €6,592 | €29,149 | +€22,556 | +342.2% |
| Profit (loss) for the period before taxes | 9903 | €147,889 | €278,904 | +€131,014 | +88.6% |
| Income taxes | 67/77 | €48,086 | €96,659 | +€48,573 | +101.0% |
| Profit (loss) for the period | 9904 | €99,803 | €182,245 | +€82,441 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,803 | €182,245 | +€82,441 | +82.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.