BieQe: 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.
BieQe
Largest movements
- Receivables within one year +€12,614
up €12,614 (+44.5%), from €28,341 to €40,955
of which Trade receivables: +€13,482
- Tangible fixed assets -€6,681
down €6,681 (-66.7%), from €10,022 to €3,341
- Cash -€5,212
down €5,212 (-5.9%), from €88,361 to €83,148
mainly Receivables within one year (-€12,614) and Current portion of long-term debt (-€4,497)
- Reserves +€6,501
up €6,501 (+5.8%), from €112,754 to €119,256
- Current portion of long-term debt -€4,497
no longer reported in 2025 (was €4,497)
- Trade debts -€2,542
no longer reported in 2025 (was €2,542)
- Gross operating margin -€18,333
down €18,333 (-54.2%), from €33,834 to €15,501
- Taxes -€3,712
down €3,712 (-68.4%), from €5,425 to €1,713
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,723 | €127,444 | +€721 | +0.6% |
| Fixed assets | 21/28 | €10,022 | €3,341 | -€6,681 | -66.7% |
| Tangible fixed assets | 22/27 | €10,022 | €3,341 | -€6,681 | -66.7% |
| Furniture and vehicles | 24 | €10,022 | €3,341 | -€6,681 | -66.7% |
| Current assets | 29/58 | €116,701 | €124,103 | +€7,402 | +6.3% |
| Amounts receivable within one year | 40/41 | €28,341 | €40,955 | +€12,614 | +44.5% |
| Trade receivables | 40 | €22,979 | €36,461 | +€13,482 | +58.7% |
| Other amounts receivable | 41 | €5,361 | €4,494 | -€868 | -16.2% |
| Cash at bank and in hand | 54/58 | €88,361 | €83,148 | -€5,212 | -5.9% |
| Total equity and liabilities | 10/49 | €126,723 | €127,444 | +€721 | +0.6% |
| Equity | 10/15 | €114,754 | €121,256 | +€6,501 | +5.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €112,754 | €119,256 | +€6,501 | +5.8% |
| Distributable reserves | 133 | €112,754 | €119,256 | +€6,501 | +5.8% |
| Amounts payable | 17/49 | €11,969 | €6,188 | -€5,781 | -48.3% |
| Amounts payable within one year | 42/48 | €11,969 | €6,188 | -€5,781 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €4,497 | - | -€4,497 | |
| Trade debts | 44 | €2,542 | - | -€2,542 | |
| Suppliers | 440/4 | €2,542 | - | -€2,542 | |
| Taxes, remuneration and social security | 45 | - | €183 | +€183 | |
| Taxes | 450/3 | - | €183 | +€183 | |
| Other amounts payable | 47/48 | €4,930 | €6,005 | +€1,076 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,681 | €6,681 | = | 0.0% |
| Other operating charges | 640/8 | €753 | €457 | -€296 | -39.3% |
| Gross operating margin | 9900 | €33,834 | €15,501 | -€18,333 | -54.2% |
| Operating profit (loss) | 9901 | €26,400 | €8,363 | -€18,037 | -68.3% |
| Financial charges | 65/66B | €194 | €149 | -€46 | -23.5% |
| Recurring financial charges | 65 | €194 | €149 | -€46 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €26,206 | €8,215 | -€17,992 | -68.7% |
| Income taxes | 67/77 | €5,425 | €1,713 | -€3,712 | -68.4% |
| Profit (loss) for the period | 9904 | €20,781 | €6,501 | -€14,280 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,781 | €6,501 | -€14,280 | -68.7% |
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 16 October 2026 via checked.be.