Biesmans Group: 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.
What changed
Biesmans Group
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€828,178
2024 · €41,842-€870,020
Equity
€13.1m
2024 · €13.9m-€828,178
Cash
€38,895
2024 · €34,523+€4,372
Balance sheet total
€35.6m
2024 · €36.4m-€855,641
Largest movements
Assets
- Financial fixed assets +€3.5m
up €3.5m (+11.1%), from €31.8m to €35.3m
- Receivables after one year -€3.5m
down €3.5m (-100.0%), from €3.5m to €0
of which Other amounts receivable: -€3.5m
- Receivables within one year -€816,684
down €816,684 (-80.5%), from €1.0m to €198,294
of which Other amounts receivable: -€701,297
Equity and liabilities
- Reserves -€828,178
down €828,178 (-19.9%), from €4.2m to €3.3m
- Debts after one year -€405,807
down €405,807 (-1.9%), from €21.5m to €21.1m
Income statement
- Turnover -€459,828
down €459,828 (-43.8%), from €1.1m to €590,316
- Financial charges +€408,323
up €408,323 (+107.0%), from €381,565 to €789,889
- Financial income -€111,291
down €111,291 (-85.4%), from €130,244 to €18,952
- Services and other goods -€96,250
down €96,250 (-13.0%), from €741,691 to €645,441
- Taxes -€13,947
down €13,947 (-100.0%), from €13,947 to €0
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.
Result 2024
€41,842
Turnover
-€459,828
Services and other goods
+€96,250
Depreciation
+€124
Other operating charges
-€2,149
Other operating items
+€1,250
Financial income
-€111,291
Financial charges
-€408,323
Taxes
+€13,947
Result 2025
-€828,178
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.
From operations
+€3.8m
Investment
-€3.5m
Financing
-€231,264
Cash 2024
€34,523
From operations (derived)
+€3.8m
Net result for the year
-€828,178
Depreciation
+€63
Receivables after one year
+€3.5m
Receivables within one year
+€816,684
Deferred charges and accrued income
+€111,262
Trade debts
-€77,544
Tax, wage and social debts
+€25,637
Other debts
+€50,000
Accrued charges and deferred income
+€205,708
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
-€231,264
Debts after one year
-€405,807
Current portion of long-term debt
+€195,052
Short-term financial debts
-€20,509
Cash 2025
€38,895
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,416,937 | €35,561,295 | -€855,641 | -2.3% |
| Fixed assets | 21/28 | €31,779,906 | €35,305,154 | +€3.5m | +11.1% |
| Tangible fixed assets | 22/27 | €63 | €0 | -€63 | -100.0% |
| Furniture and vehicles | 24 | €63 | €0 | -€63 | -100.0% |
| Financial fixed assets | 28 | €31,779,843 | €35,305,154 | +€3.5m | +11.1% |
| Affiliated companies | 280/1 | €31,779,843 | €35,305,154 | +€3.5m | +11.1% |
| Participating interests | 280 | €31,779,843 | €35,305,154 | +€3.5m | +11.1% |
| Current assets | 29/58 | €4,637,030 | €256,141 | -€4.4m | -94.5% |
| Amounts receivable after more than one year | 29 | €3,457,316 | €0 | -€3.5m | -100.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €3,457,316 | €0 | -€3.5m | -100.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,014,978 | €198,294 | -€816,684 | -80.5% |
| Trade receivables | 40 | €151,687 | €36,300 | -€115,387 | -76.1% |
| Other amounts receivable | 41 | €863,291 | €161,994 | -€701,297 | -81.2% |
| Cash at bank and in hand | 54/58 | €34,523 | €38,895 | +€4,372 | +12.7% |
| Deferred charges and accrued income | 490/1 | €130,214 | €18,952 | -€111,262 | -85.4% |
| Total equity and liabilities | 10/49 | €36,416,937 | €35,561,295 | -€855,641 | -2.3% |
| Equity | 10/15 | €13,940,145 | €13,111,967 | -€828,178 | -5.9% |
| Contributions | 10/11 | €9,772,062 | €9,772,062 | = | 0.0% |
| Reserves | 13 | €4,168,083 | €3,339,905 | -€828,178 | -19.9% |
| Distributable reserves | 133 | €4,168,083 | €3,339,905 | -€828,178 | -19.9% |
| Amounts payable | 17/49 | €22,476,792 | €22,449,329 | -€27,463 | -0.1% |
| Amounts payable after more than one year | 17 | €21,516,693 | €21,110,885 | -€405,807 | -1.9% |
| Financial debts | 170/4 | €21,516,693 | €21,110,885 | -€405,807 | -1.9% |
| Subordinated loans | 170 | €0 | €5,583,424 | +€5.6m | |
| Credit institutions | 173 | €3,305,556 | €2,527,778 | -€777,777 | -23.5% |
| Other loans | 174 | €18,211,137 | €12,999,683 | -€5.2m | -28.6% |
| Amounts payable within one year | 42/48 | €844,947 | €1,017,583 | +€172,636 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €582,726 | €777,777 | +€195,052 | +33.5% |
| Financial debts | 43 | €25,598 | €5,090 | -€20,509 | -80.1% |
| Credit institutions | 430/8 | €25,598 | €5,090 | -€20,509 | -80.1% |
| Trade debts | 44 | €171,259 | €93,715 | -€77,544 | -45.3% |
| Suppliers | 440/4 | €171,259 | €93,715 | -€77,544 | -45.3% |
| Taxes, remuneration and social security | 45 | €65,364 | €91,001 | +€25,637 | +39.2% |
| Taxes | 450/3 | €65,364 | €91,001 | +€25,637 | +39.2% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €115,152 | €320,861 | +€205,708 | +178.6% |
| Operating income | 70/76A | €1,050,144 | €591,566 | -€458,578 | -43.7% |
| Turnover | 70 | €1,050,144 | €590,316 | -€459,828 | -43.8% |
| Non-recurring operating income | 76A | - | €1,250 | +€1,250 | |
| Operating charges | 60/66A | €743,032 | €648,807 | -€94,225 | -12.7% |
| Services and other goods | 61 | €741,691 | €645,441 | -€96,250 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €63 | -€124 | -66.4% |
| Other operating charges | 640/8 | €1,155 | €3,303 | +€2,149 | +186.1% |
| Operating profit (loss) | 9901 | €307,112 | -€57,241 | -€364,353 | |
| Financial income | 75/76B | €130,244 | €18,952 | -€111,291 | -85.4% |
| Recurring financial income | 75 | €130,244 | €18,952 | -€111,291 | -85.4% |
| Income from current assets | 751 | €130,214 | €18,952 | -€111,262 | -85.4% |
| Other financial income | 752/9 | €29 | €0 | -€29 | -100.0% |
| Financial charges | 65/66B | €381,565 | €789,889 | +€408,323 | +107.0% |
| Recurring financial charges | 65 | €381,565 | €789,889 | +€408,323 | +107.0% |
| Debt charges | 650 | €375,033 | €785,730 | +€410,697 | +109.5% |
| Other financial charges | 652/9 | €6,533 | €4,159 | -€2,373 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €55,790 | -€828,178 | -€883,968 | |
| Income taxes | 67/77 | €13,947 | €0 | -€13,947 | -100.0% |
| Taxes | 670/3 | €13,947 | €0 | -€13,947 | -100.0% |
| Profit (loss) for the period | 9904 | €41,842 | -€828,178 | -€870,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,842 | -€828,178 | -€870,020 |
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 5 October 2026 via checked.be.