BIEP: 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.
BIEP
Largest movements
- Current investments +€19,336
up €19,336 (+108.3%), from €17,851 to €37,187
- Cash -€12,173
down €12,173 (-28.1%), from €43,358 to €31,185
mainly Contributions, distributions and other (-€44,940) and Current investments (-€19,336)
- Tangible fixed assets -€7,658
down €7,658 (-67.4%), from €11,359 to €3,702
of which Furniture and vehicles: -€6,553
- Deferred charges and accrued income +€4,247
up €4,247, from €0 to €4,247
- Reserves -€17,467
down €17,467 (-100.0%), from €17,467 to €0
- Other debts +€13,072
up €13,072 (+41.0%), from €31,868 to €44,940
- Current portion of long-term debt +€4,712
new in 2025: €4,712
- Tax, wage and social debts +€2,084
up €2,084 (+58.1%), from €3,589 to €5,673
- Short-term financial debts +€1,037
up €1,037 (+30.7%), from €3,380 to €4,417
of which Credit institutions: +€4,417
- Gross operating margin -€15,900
down €15,900 (-24.2%), from €65,838 to €49,938
- Depreciation -€3,013
down €3,013 (-73.2%), from €4,118 to €1,105
- Taxes +€2,197
up €2,197 (+14.8%), from €14,837 to €17,035
- Financial income +€1,512
up €1,512 (+26389.7%), from €6 to €1,518
- Financial charges +€984
up €984 (+76.4%), from €1,289 to €2,273
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 | €75,255 | €79,534 | +€4,278 | +5.7% |
| Fixed assets | 21/28 | €11,359 | €3,702 | -€7,658 | -67.4% |
| Tangible fixed assets | 22/27 | €11,359 | €3,702 | -€7,658 | -67.4% |
| Plant, machinery and equipment | 23 | €4,807 | €3,702 | -€1,105 | -23.0% |
| Furniture and vehicles | 24 | €6,553 | €0 | -€6,553 | -100.0% |
| Current assets | 29/58 | €63,896 | €75,832 | +€11,936 | +18.7% |
| Amounts receivable within one year | 40/41 | €2,687 | €3,213 | +€526 | +19.6% |
| Trade receivables | 40 | - | €353 | +€353 | |
| Other amounts receivable | 41 | €2,687 | €2,860 | +€173 | +6.4% |
| Current investments | 50/53 | €17,851 | €37,187 | +€19,336 | +108.3% |
| Cash at bank and in hand | 54/58 | €43,358 | €31,185 | -€12,173 | -28.1% |
| Deferred charges and accrued income | 490/1 | €0 | €4,247 | +€4,247 | |
| Total equity and liabilities | 10/49 | €75,255 | €79,534 | +€4,278 | +5.7% |
| Equity | 10/15 | €36,067 | €18,600 | -€17,467 | -48.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,467 | €0 | -€17,467 | -100.0% |
| Distributable reserves | 133 | €17,467 | €0 | -€17,467 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,188 | €60,934 | +€21,746 | +55.5% |
| Amounts payable within one year | 42/48 | €39,188 | €60,934 | +€21,746 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,712 | +€4,712 | |
| Financial debts | 43 | €3,380 | €4,417 | +€1,037 | +30.7% |
| Credit institutions | 430/8 | - | €4,417 | +€4,417 | |
| Other loans | 439 | €3,380 | €0 | -€3,380 | -100.0% |
| Trade debts | 44 | €351 | €1,191 | +€841 | +239.8% |
| Suppliers | 440/4 | €351 | €1,191 | +€841 | +239.8% |
| Taxes, remuneration and social security | 45 | €3,589 | €5,673 | +€2,084 | +58.1% |
| Taxes | 450/3 | €3,589 | €5,673 | +€2,084 | +58.1% |
| Other amounts payable | 47/48 | €31,868 | €44,940 | +€13,072 | +41.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €9,947 | +€9,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,118 | €1,105 | -€3,013 | -73.2% |
| Other operating charges | 640/8 | €3,498 | €3,570 | +€72 | +2.1% |
| Gross operating margin | 9900 | €65,838 | €49,938 | -€15,900 | -24.2% |
| Operating profit (loss) | 9901 | €58,222 | €45,263 | -€12,960 | -22.3% |
| Financial income | 75/76B | €6 | €1,518 | +€1,512 | +26389.7% |
| Recurring financial income | 75 | €6 | €1,518 | +€1,512 | +26389.7% |
| Financial charges | 65/66B | €1,289 | €2,273 | +€984 | +76.4% |
| Recurring financial charges | 65 | €1,289 | €2,273 | +€984 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €56,939 | €44,508 | -€12,432 | -21.8% |
| Income taxes | 67/77 | €14,837 | €17,035 | +€2,197 | +14.8% |
| Profit (loss) for the period | 9904 | €42,102 | €27,473 | -€14,629 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,102 | €27,473 | -€14,629 | -34.7% |
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 30 September 2026 via checked.be.