BIESEMANS: 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.
BIESEMANS
Largest movements
- Receivables within one year +€79,820
up €79,820 (+12881.0%), from €620 to €80,439
of which Other amounts receivable: +€56,244
- Intangible fixed assets -€9,297
down €9,297 (-46.4%), from €20,048 to €10,751
- Cash +€8,337
up €8,337 (+25842.3%), from €32 to €8,369
mainly Net result for the year (+€76,238) and Tax, wage and social debts (+€26,974)
- Reserves +€76,238
up €76,238 (+72.8%), from €104,690 to €180,928
of which Distributable reserves: +€76,238
- Tax, wage and social debts +€26,974
up €26,974 (+5965.5%), from €452 to €27,426
of which Taxes: +€26,981
- Trade debts -€11,843
down €11,843 (-74.4%), from €15,926 to €4,082
- Short-term financial debts -€9,149
down €9,149 (-100.0%), from €9,149 to €0
- Gross operating margin +€121,058
up €121,058, from -€14,952 to €106,106
- Taxes +€26,981
up €26,981 (+6064.2%), from €445 to €27,426
- Financial income +€3,737
up €3,737 (+47.9%), from €7,803 to €11,540
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 | €379,227 | €459,601 | +€80,374 | +21.2% |
| Fixed assets | 21/28 | €21,000 | €14,431 | -€6,569 | -31.3% |
| Intangible fixed assets | 21 | €20,048 | €10,751 | -€9,297 | -46.4% |
| Tangible fixed assets | 22/27 | €952 | €3,680 | +€2,728 | +286.7% |
| Plant, machinery and equipment | 23 | €952 | €3,680 | +€2,728 | +286.7% |
| Current assets | 29/58 | €358,228 | €445,170 | +€86,942 | +24.3% |
| Amounts receivable after more than one year | 29 | €334,175 | €334,175 | = | 0.0% |
| Other amounts receivable | 291 | €334,175 | €334,175 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €620 | €80,439 | +€79,820 | +12881.0% |
| Trade receivables | 40 | €177 | €23,752 | +€23,575 | +13317.9% |
| Other amounts receivable | 41 | €443 | €56,687 | +€56,244 | +12706.3% |
| Cash at bank and in hand | 54/58 | €32 | €8,369 | +€8,337 | +25842.3% |
| Deferred charges and accrued income | 490/1 | €23,401 | €22,187 | -€1,214 | -5.2% |
| Total equity and liabilities | 10/49 | €379,227 | €459,601 | +€80,374 | +21.2% |
| Equity | 10/15 | €240,150 | €316,388 | +€76,238 | +31.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €104,690 | €180,928 | +€76,238 | +72.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €102,835 | €179,073 | +€76,238 | +74.1% |
| Profit (loss) carried forward | 14 | €116,910 | €116,910 | = | 0.0% |
| Provisions and deferred taxes | 16 | €109,500 | €109,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €109,500 | €109,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €109,500 | €109,500 | = | 0.0% |
| Amounts payable | 17/49 | €29,578 | €33,713 | +€4,136 | +14.0% |
| Amounts payable within one year | 42/48 | €28,438 | €31,508 | +€3,070 | +10.8% |
| Financial debts | 43 | €9,149 | €0 | -€9,149 | -100.0% |
| Credit institutions | 430/8 | €9,149 | €0 | -€9,149 | -100.0% |
| Trade debts | 44 | €15,926 | €4,082 | -€11,843 | -74.4% |
| Suppliers | 440/4 | €15,926 | €4,082 | -€11,843 | -74.4% |
| Taxes, remuneration and social security | 45 | €452 | €27,426 | +€26,974 | +5965.5% |
| Taxes | 450/3 | €445 | €27,426 | +€26,981 | +6064.2% |
| Remuneration and social security | 454/9 | €7 | €0 | -€7 | -100.0% |
| Other amounts payable | 47/48 | €2,912 | €0 | -€2,912 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,139 | €2,205 | +€1,066 | +93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,730 | €10,451 | +€722 | +7.4% |
| Other operating charges | 640/8 | €638 | €996 | +€357 | +56.0% |
| Gross operating margin | 9900 | -€14,952 | €106,106 | +€121,058 | |
| Operating profit (loss) | 9901 | -€25,320 | €94,659 | +€119,979 | |
| Financial income | 75/76B | €7,803 | €11,540 | +€3,737 | +47.9% |
| Recurring financial income | 75 | €7,803 | €11,540 | +€3,737 | +47.9% |
| Financial charges | 65/66B | €2,201 | €2,535 | +€334 | +15.2% |
| Recurring financial charges | 65 | €2,201 | €2,535 | +€334 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,719 | €103,664 | +€123,382 | |
| Income taxes | 67/77 | €445 | €27,426 | +€26,981 | +6064.2% |
| Profit (loss) for the period | 9904 | -€20,164 | €76,238 | +€96,401 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,164 | €76,238 | +€96,401 |
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 11 October 2026 via checked.be.