BIELEN: 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.
BIELEN
Largest movements
- Tangible fixed assets +€394,988
up €394,988 (+48.2%), from €819,414 to €1.2m
of which Land and buildings: +€306,266
- Cash -€242,703
down €242,703 (-57.2%), from €424,007 to €181,304
mainly Investment in fixed assets (net) (-€427,617) and Accrued charges and deferred income (-€14,984)
- Reserves +€555,131
up €555,131 (+759.6%), from €73,085 to €628,216
of which Distributable reserves: +€558,083
- Profit (loss) carried forward -€419,075
down €419,075 (-100.0%), from €419,075 to €0
- Debts after one year +€29,599
up €29,599 (+4.5%), from €660,917 to €690,516
of which Financial debts: +€29,599
- Accrued charges and deferred income -€14,984
down €14,984 (-77.8%), from €19,259 to €4,275
- Gross operating margin -€206,797
down €206,797 (-56.1%), from €368,671 to €161,874
- Taxes -€27,002
down €27,002 (-56.4%), from €47,901 to €20,899
- Other operating charges +€25,372
up €25,372 (+77.1%), from €32,928 to €58,300
- Depreciation +€11,995
up €11,995 (+58.1%), from €20,634 to €32,629
- Financial charges +€9,858
up €9,858 (+53.1%), from €18,547 to €28,404
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 | €1,267,542 | €1,425,942 | +€158,399 | +12.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €819,414 | €1,214,402 | +€394,988 | +48.2% |
| Tangible fixed assets | 22/27 | €819,414 | €1,214,402 | +€394,988 | +48.2% |
| Land and buildings | 22 | €811,872 | €1,118,137 | +€306,266 | +37.7% |
| Plant, machinery and equipment | 23 | €3,895 | €4,545 | +€650 | +16.7% |
| Furniture and vehicles | 24 | €3,647 | €2,141 | -€1,506 | -41.3% |
| Other tangible fixed assets | 26 | - | €89,579 | +€89,579 | |
| Current assets | 29/58 | €448,129 | €211,540 | -€236,589 | -52.8% |
| Amounts receivable within one year | 40/41 | €20,477 | €27,132 | +€6,655 | +32.5% |
| Trade receivables | 40 | €539 | €539 | = | 0.0% |
| Other amounts receivable | 41 | €19,938 | €26,593 | +€6,655 | +33.4% |
| Cash at bank and in hand | 54/58 | €424,007 | €181,304 | -€242,703 | -57.2% |
| Deferred charges and accrued income | 490/1 | €3,644 | €3,104 | -€541 | -14.8% |
| Total equity and liabilities | 10/49 | €1,267,542 | €1,425,942 | +€158,399 | +12.5% |
| Equity | 10/15 | €512,161 | €648,216 | +€136,056 | +26.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €73,085 | €628,216 | +€555,131 | +759.6% |
| Tax-exempt reserves | 132 | €71,085 | €68,133 | -€2,952 | -4.2% |
| Distributable reserves | 133 | €2,000 | €560,083 | +€558,083 | +27904.2% |
| Profit (loss) carried forward | 14 | €419,075 | €0 | -€419,075 | -100.0% |
| Provisions and deferred taxes | 16 | €17,771 | €17,033 | -€738 | -4.2% |
| Deferred taxes | 168 | €17,771 | €17,033 | -€738 | -4.2% |
| Amounts payable | 17/49 | €737,610 | €760,692 | +€23,082 | +3.1% |
| Amounts payable after more than one year | 17 | €660,917 | €690,516 | +€29,599 | +4.5% |
| Financial debts | 170/4 | €585,917 | €615,516 | +€29,599 | +5.1% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,435 | €65,901 | +€8,466 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €39,902 | €53,280 | +€13,378 | +33.5% |
| Trade debts | 44 | €15,102 | €4,470 | -€10,632 | -70.4% |
| Suppliers | 440/4 | €15,102 | €4,470 | -€10,632 | -70.4% |
| Taxes, remuneration and social security | 45 | - | €8,151 | +€8,151 | |
| Taxes | 450/3 | - | €8,151 | +€8,151 | |
| Other amounts payable | 47/48 | €2,431 | €0 | -€2,431 | -100.0% |
| Accrued charges and deferred income | 492/3 | €19,259 | €4,275 | -€14,984 | -77.8% |
| Non-recurring operating income | 76A | €92,509 | €11,000 | -€81,509 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,634 | €32,629 | +€11,995 | +58.1% |
| Other operating charges | 640/8 | €32,928 | €58,300 | +€25,372 | +77.1% |
| Non-recurring operating charges | 66A | €400 | €0 | -€400 | -100.0% |
| Gross operating margin | 9900 | €368,671 | €161,874 | -€206,797 | -56.1% |
| Operating profit (loss) | 9901 | €314,709 | €70,945 | -€243,764 | -77.5% |
| Financial income | 75/76B | €1,318 | €1,332 | +€14 | +1.1% |
| Recurring financial income | 75 | €1,318 | €1,332 | +€14 | +1.1% |
| Financial charges | 65/66B | €18,547 | €28,404 | +€9,858 | +53.1% |
| Recurring financial charges | 65 | €18,547 | €28,404 | +€9,858 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €297,480 | €43,873 | -€253,607 | -85.3% |
| Transfer from deferred taxes | 780 | €680 | €738 | +€58 | +8.5% |
| Transfer to deferred taxes | 680 | €18,451 | €0 | -€18,451 | -100.0% |
| Income taxes | 67/77 | €47,901 | €20,899 | -€27,002 | -56.4% |
| Profit (loss) for the period | 9904 | €231,808 | €23,712 | -€208,096 | -89.8% |
| Transfer from tax-exempt reserves | 789 | €2,720 | €2,952 | +€232 | +8.5% |
| Transfer to tax-exempt reserves | 689 | €73,806 | €0 | -€73,806 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,722 | €26,664 | -€134,058 | -83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.