BIEFIMMO: 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.
BIEFIMMO
Largest movements
- Tangible fixed assets +€196,215
up €196,215 (+100.2%), from €195,916 to €392,130
- Cash +€93,597
up €93,597 (+371.6%), from €25,184 to €118,781
mainly Net result for the year (+€309,682) and Provisions (+€103,177)
- Receivables within one year +€16,271
up €16,271 (+13447.0%), from €121 to €16,392
of which Trade receivables: +€11,429
- Reserves +€309,532
up €309,532 (+818.1%), from €37,834 to €347,366
of which Tax-exempt reserves: +€309,532
- Provisions +€103,177
new in 2025: €103,177
- Debts after one year -€87,145
down €87,145 (-63.3%), from €137,623 to €50,478
of which Other amounts payable: -€80,000
- Other debts -€18,336
down €18,336 (-96.1%), from €19,086 to €750
- Gross operating margin +€409,634
up €409,634 (+1548.3%), from €26,457 to €436,091
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 | €222,943 | €529,677 | +€306,733 | +137.6% |
| Fixed assets | 21/28 | €195,916 | €392,130 | +€196,215 | +100.2% |
| Tangible fixed assets | 22/27 | €195,916 | €392,130 | +€196,215 | +100.2% |
| Land and buildings | 22 | €195,916 | €392,130 | +€196,215 | +100.2% |
| Current assets | 29/58 | €27,028 | €137,546 | +€110,519 | +408.9% |
| Amounts receivable within one year | 40/41 | €121 | €16,392 | +€16,271 | +13447.0% |
| Trade receivables | 40 | €121 | €11,550 | +€11,429 | +9445.5% |
| Other amounts receivable | 41 | - | €4,842 | +€4,842 | |
| Current investments | 50/53 | - | €912 | +€912 | |
| Cash at bank and in hand | 54/58 | €25,184 | €118,781 | +€93,597 | +371.6% |
| Deferred charges and accrued income | 490/1 | €1,722 | €1,461 | -€262 | -15.2% |
| Total equity and liabilities | 10/49 | €222,943 | €529,677 | +€306,733 | +137.6% |
| Equity | 10/15 | €56,999 | €366,681 | +€309,682 | +543.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,834 | €347,366 | +€309,532 | +818.1% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €309,532 | +€309,532 | |
| Distributable reserves | 133 | €35,355 | €35,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €565 | €715 | +€150 | +26.6% |
| Provisions and deferred taxes | 16 | - | €103,177 | +€103,177 | |
| Deferred taxes | 168 | - | €103,177 | +€103,177 | |
| Amounts payable | 17/49 | €165,945 | €59,818 | -€106,127 | -64.0% |
| Amounts payable after more than one year | 17 | €137,623 | €50,478 | -€87,145 | -63.3% |
| Financial debts | 170/4 | €54,984 | €47,838 | -€7,145 | -13.0% |
| Other amounts payable | 178/9 | €82,640 | €2,640 | -€80,000 | -96.8% |
| Amounts payable within one year | 42/48 | €25,921 | €7,940 | -€17,981 | -69.4% |
| Current portion of amounts payable after more than one year | 42 | €6,835 | €7,145 | +€311 | +4.5% |
| Trade debts | 44 | - | €45 | +€45 | |
| Suppliers | 440/4 | - | €45 | +€45 | |
| Other amounts payable | 47/48 | €19,086 | €750 | -€18,336 | -96.1% |
| Accrued charges and deferred income | 492/3 | €2,400 | €1,400 | -€1,000 | -41.7% |
| Non-recurring operating income | 76A | - | €416,376 | +€416,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,347 | €18,405 | -€1,943 | -9.5% |
| Other operating charges | 640/8 | €2,439 | €1,989 | -€451 | -18.5% |
| Gross operating margin | 9900 | €26,457 | €436,091 | +€409,634 | +1548.3% |
| Operating profit (loss) | 9901 | €3,670 | €415,698 | +€412,028 | +11226.5% |
| Financial charges | 65/66B | €3,105 | €2,838 | -€267 | -8.6% |
| Recurring financial charges | 65 | €3,105 | €2,838 | -€267 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €565 | €412,860 | +€412,295 | +73002.3% |
| Transfer from deferred taxes | 780 | - | €917 | +€917 | |
| Transfer to deferred taxes | 680 | - | €104,094 | +€104,094 | |
| Profit (loss) for the period | 9904 | €565 | €309,682 | +€309,118 | +54733.4% |
| Transfer from tax-exempt reserves | 789 | - | €2,750 | +€2,750 | |
| Transfer to tax-exempt reserves | 689 | - | €312,282 | +€312,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €565 | €150 | -€414 | -73.4% |
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 2 October 2026 via checked.be.