BIEBUYCK: 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.
What changed
BIEBUYCK
NACE 46.391, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€861,148
2024 · €957,106-€95,959
Equity
€6.1m
2024 · €5.3m+€861,148
Cash
€650,730
2024 · €667,616-€16,885
Balance sheet total
€11.7m
2024 · €10.9m+€729,985
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+43.0%), from €3.3m to €4.7m
of which Trade receivables: +€1.7m
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Stocks and contracts -€347,525
down €347,525 (-9.8%), from €3.6m to €3.2m
Equity and liabilities
- Reserves +€442,050
up €442,050 (+20.5%), from €2.2m to €2.6m
of which Tax-exempt reserves: +€442,050
- Profit (loss) carried forward +€419,098
up €419,098 (+13.9%), from €3.0m to €3.4m
- Trade debts -€236,365
down €236,365 (-8.6%), from €2.7m to €2.5m
- Debts after one year -€140,000
down €140,000 (-9.2%), from €1.5m to €1.4m
- Other debts +€130,711
up €130,711 (+12.4%), from €1.1m to €1.2m
Income statement
- Turnover +€4.8m
up €4.8m (+21.5%), from €22.4m to €27.3m
- Goods and materials +€4.3m
up €4.3m (+24.5%), from €17.7m to €22.0m
of which Purchases: +€2.6m
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.
Result 2024
€957,106
Turnover
+€4.8m
Other operating income
-€66,511
Goods and materials
-€4.3m
Services and other goods
-€250,121
Staff costs
-€126,086
Depreciation
-€88,736
Write-downs
-€11,829
Other operating charges
-€39,842
Other operating items
+€17,039
Financial income
-€31,897
Financial charges
-€23,231
Taxes
+€35,374
Result 2025
€861,148
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€184,929
Investment
-€61,815
Financing
-€140,000
Cash 2024
€667,616
From operations (derived)
+€184,929
Net result for the year
+€861,148
Depreciation
+€399,706
Stocks and contracts
+€347,525
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€16,663
Trade debts
-€236,365
Tax, wage and social debts
+€114,491
Other debts
+€130,711
Investment (derived)
-€61,815
Investment in fixed assets (net)
-€411,815
Current investments
+€350,000
Financing
-€140,000
Debts after one year
-€140,000
Cash 2025
€650,730
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,935,134 | €11,665,119 | +€729,985 | +6.7% |
| Fixed assets | 21/28 | €3,072,264 | €3,084,373 | +€12,109 | +0.4% |
| Intangible fixed assets | 21 | €140,979 | €124,229 | -€16,750 | -11.9% |
| Tangible fixed assets | 22/27 | €2,927,105 | €2,955,964 | +€28,859 | +1.0% |
| Land and buildings | 22 | €2,156,895 | €2,154,165 | -€2,730 | -0.1% |
| Plant, machinery and equipment | 23 | €261,740 | €395,199 | +€133,459 | +51.0% |
| Furniture and vehicles | 24 | €508,470 | €406,599 | -€101,871 | -20.0% |
| Financial fixed assets | 28 | €4,180 | €4,180 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,180 | €4,180 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,180 | €4,180 | = | 0.0% |
| Current assets | 29/58 | €7,862,870 | €8,580,746 | +€717,876 | +9.1% |
| Stocks and contracts in progress | 3 | €3,555,173 | €3,207,647 | -€347,525 | -9.8% |
| Stocks | 30/36 | €3,555,173 | €3,207,647 | -€347,525 | -9.8% |
| Goods purchased for resale | 34 | €3,555,173 | €3,207,647 | -€347,525 | -9.8% |
| Amounts receivable within one year | 40/41 | €3,288,812 | €4,704,435 | +€1.4m | +43.0% |
| Trade receivables | 40 | €3,003,734 | €4,660,999 | +€1.7m | +55.2% |
| Other amounts receivable | 41 | €285,078 | €43,437 | -€241,641 | -84.8% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Other investments | 51/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €667,616 | €650,730 | -€16,885 | -2.5% |
| Deferred charges and accrued income | 490/1 | €1,270 | €17,933 | +€16,663 | +1,312% |
| Total equity and liabilities | 10/49 | €10,935,134 | €11,665,119 | +€729,985 | +6.7% |
| Equity | 10/15 | €5,278,463 | €6,139,611 | +€861,148 | +16.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €2,157,486 | €2,599,536 | +€442,050 | +20.5% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €502,900 | €944,950 | +€442,050 | +87.9% |
| Distributable reserves | 133 | €1,644,671 | €1,644,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,021,820 | €3,440,917 | +€419,098 | +13.9% |
| Amounts payable | 17/49 | €5,656,671 | €5,525,508 | -€131,163 | -2.3% |
| Amounts payable after more than one year | 17 | €1,518,334 | €1,378,334 | -€140,000 | -9.2% |
| Financial debts | 170/4 | €1,518,334 | €1,378,334 | -€140,000 | -9.2% |
| Credit institutions | 173 | €1,518,334 | €1,378,334 | -€140,000 | -9.2% |
| Amounts payable within one year | 42/48 | €4,138,337 | €4,147,174 | +€8,837 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €2,749,850 | €2,513,485 | -€236,365 | -8.6% |
| Suppliers | 440/4 | €2,749,850 | €2,513,485 | -€236,365 | -8.6% |
| Taxes, remuneration and social security | 45 | €197,562 | €312,053 | +€114,491 | +58.0% |
| Taxes | 450/3 | €39,027 | €104,592 | +€65,565 | +168% |
| Remuneration and social security | 454/9 | €158,535 | €207,461 | +€48,926 | +30.9% |
| Other amounts payable | 47/48 | €1,050,926 | €1,181,637 | +€130,711 | +12.4% |
| Operating income | 70/76A | €22,532,255 | €27,290,326 | +€4.8m | +21.1% |
| Turnover | 70 | €22,430,093 | €27,253,302 | +€4.8m | +21.5% |
| Other operating income | 74 | €102,163 | €35,652 | -€66,511 | -65.1% |
| Non-recurring operating income | 76A | - | €1,372 | +€1,372 | |
| Operating charges | 60/66A | €21,271,638 | €26,105,914 | +€4.8m | +22.7% |
| Goods for resale, raw materials and consumables | 60 | €17,661,760 | €21,995,090 | +€4.3m | +24.5% |
| Purchases | 600/8 | €19,062,478 | €21,647,564 | +€2.6m | +13.6% |
| Change in stocks: decrease (increase) | 609 | -€1,400,718 | €347,525 | +€1.7m | |
| Services and other goods | 61 | €1,566,041 | €1,816,162 | +€250,121 | +16.0% |
| Remuneration, social security and pensions | 62 | €1,578,748 | €1,704,833 | +€126,086 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,970 | €399,706 | +€88,736 | +28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €86,002 | €97,830 | +€11,829 | +13.8% |
| Other operating charges | 640/8 | €52,035 | €91,877 | +€39,842 | +76.6% |
| Non-recurring operating charges | 66A | €16,083 | €417 | -€15,667 | -97.4% |
| Operating profit (loss) | 9901 | €1,260,617 | €1,184,412 | -€76,205 | -6.0% |
| Financial income | 75/76B | €87,092 | €55,195 | -€31,897 | -36.6% |
| Recurring financial income | 75 | €87,092 | €55,195 | -€31,897 | -36.6% |
| Income from financial fixed assets | 750 | €25,095 | - | -€25,095 | |
| Income from current assets | 751 | €6,963 | €16,315 | +€9,352 | +134% |
| Other financial income | 752/9 | €55,034 | €38,880 | -€16,154 | -29.4% |
| Financial charges | 65/66B | €65,290 | €88,521 | +€23,231 | +35.6% |
| Recurring financial charges | 65 | €65,290 | €88,521 | +€23,231 | +35.6% |
| Debt charges | 650 | €27,436 | €80,017 | +€52,581 | +192% |
| Other financial charges | 652/9 | €37,854 | €8,504 | -€29,350 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €1,282,419 | €1,151,086 | -€131,333 | -10.2% |
| Income taxes | 67/77 | €325,313 | €289,938 | -€35,374 | -10.9% |
| Taxes | 670/3 | €325,313 | €289,938 | -€35,374 | -10.9% |
| Profit (loss) for the period | 9904 | €957,106 | €861,148 | -€95,959 | -10.0% |
| Transfer to tax-exempt reserves | 689 | €484,150 | €442,050 | -€42,100 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €472,956 | €419,098 | -€53,859 | -11.4% |
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 28 October 2026 via checked.be.