BIESRENT: 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.
BIESRENT
Largest movements
- Stocks and contracts +€815,654
up €815,654 (+1190.6%), from €68,506 to €884,160
- Cash +€191,304
up €191,304 (+413.1%), from €46,305 to €237,609
mainly Current portion of long-term debt (+€599,279) and Advances received (+€296,600)
- Receivables within one year +€61,243
up €61,243 (+180.3%), from €33,961 to €95,205
of which Trade receivables: +€59,471
- Tangible fixed assets -€49,753
down €49,753 (-5.9%), from €850,327 to €800,574
of which Land and buildings: -€33,974
- Current portion of long-term debt +€599,279
up €599,279 (+1120.2%), from €53,499 to €652,777
- Advances received +€296,600
new in 2025: €296,600
- Trade debts +€135,530
up €135,530 (+920.2%), from €14,729 to €150,259
- Tax, wage and social debts +€50,085
up €50,085 (+703.6%), from €7,119 to €57,204
- Debts after one year -€49,527
down €49,527 (-10.1%), from €489,525 to €439,998
- Gross operating margin -€53,559
down €53,559 (-33.1%), from €161,579 to €108,021
- Financial charges +€5,811
up €5,811 (+56.9%), from €10,212 to €16,024
- Taxes -€5,458
down €5,458 (-40.4%), from €13,507 to €8,049
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 | €999,467 | €2,031,541 | +€1.0m | +103.3% |
| Fixed assets | 21/28 | €850,327 | €800,574 | -€49,753 | -5.9% |
| Tangible fixed assets | 22/27 | €850,327 | €800,574 | -€49,753 | -5.9% |
| Land and buildings | 22 | €830,039 | €796,065 | -€33,974 | -4.1% |
| Furniture and vehicles | 24 | €20,288 | €4,509 | -€15,779 | -77.8% |
| Current assets | 29/58 | €149,140 | €1,230,967 | +€1.1m | +725.4% |
| Stocks and contracts in progress | 3 | €68,506 | €884,160 | +€815,654 | +1190.6% |
| Stocks | 30/36 | €68,506 | €884,160 | +€815,654 | +1190.6% |
| Amounts receivable within one year | 40/41 | €33,961 | €95,205 | +€61,243 | +180.3% |
| Trade receivables | 40 | €15,517 | €74,987 | +€59,471 | +383.3% |
| Other amounts receivable | 41 | €18,445 | €20,218 | +€1,773 | +9.6% |
| Cash at bank and in hand | 54/58 | €46,305 | €237,609 | +€191,304 | +413.1% |
| Deferred charges and accrued income | 490/1 | €367 | €13,993 | +€13,626 | +3714.4% |
| Total equity and liabilities | 10/49 | €999,467 | €2,031,541 | +€1.0m | +103.3% |
| Equity | 10/15 | €155,691 | €176,787 | +€21,095 | +13.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €7,014 | €7,014 | = | 0.0% |
| Distributable reserves | 133 | €7,014 | €7,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,704 | €107,799 | +€21,095 | +24.3% |
| Amounts payable | 17/49 | €843,776 | €1,854,754 | +€1.0m | +119.8% |
| Amounts payable after more than one year | 17 | €489,525 | €439,998 | -€49,527 | -10.1% |
| Financial debts | 170/4 | €489,525 | €439,998 | -€49,527 | -10.1% |
| Amounts payable within one year | 42/48 | €354,250 | €1,414,756 | +€1.1m | +299.4% |
| Current portion of amounts payable after more than one year | 42 | €53,499 | €652,777 | +€599,279 | +1120.2% |
| Financial debts | 43 | - | €22,833 | +€22,833 | |
| Credit institutions | 430/8 | - | €22,833 | +€22,833 | |
| Trade debts | 44 | €14,729 | €150,259 | +€135,530 | +920.2% |
| Suppliers | 440/4 | €14,729 | €150,259 | +€135,530 | +920.2% |
| Advances received on contracts in progress | 46 | - | €296,600 | +€296,600 | |
| Taxes, remuneration and social security | 45 | €7,119 | €57,204 | +€50,085 | +703.6% |
| Taxes | 450/3 | €7,119 | €57,204 | +€50,085 | +703.6% |
| Other amounts payable | 47/48 | €278,904 | €235,083 | -€43,821 | -15.7% |
| Non-recurring operating income | 76A | €70,000 | €0 | -€70,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,094 | €49,753 | -€341 | -0.7% |
| Other operating charges | 640/8 | €14,054 | €14,599 | +€545 | +3.9% |
| Gross operating margin | 9900 | €161,579 | €108,021 | -€53,559 | -33.1% |
| Operating profit (loss) | 9901 | €97,431 | €43,669 | -€53,763 | -55.2% |
| Financial income | 75/76B | €668 | €1,499 | +€832 | +124.5% |
| Recurring financial income | 75 | €668 | €1,499 | +€832 | +124.5% |
| Financial charges | 65/66B | €10,212 | €16,024 | +€5,811 | +56.9% |
| Recurring financial charges | 65 | €10,212 | €16,024 | +€5,811 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €87,887 | €29,144 | -€58,742 | -66.8% |
| Income taxes | 67/77 | €13,507 | €8,049 | -€5,458 | -40.4% |
| Profit (loss) for the period | 9904 | €74,380 | €21,095 | -€53,284 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,380 | €21,095 | -€53,284 | -71.6% |
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 12 October 2026 via checked.be.