BIGART: 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.
BIGART
Largest movements
- Receivables within one year -€14,013
down €14,013 (-56.4%), from €24,867 to €10,854
of which Trade receivables: -€16,237
- Tangible fixed assets -€3,975
down €3,975 (-23.5%), from €16,915 to €12,940
- Cash +€2,546
up €2,546 (+21.3%), from €11,958 to €14,505
mainly Net result for the year (+€17,237) and Receivables within one year (+€14,013)
- Deferred charges and accrued income -€1,918
down €1,918 (-92.8%), from €2,066 to €148
- Profit (loss) carried forward +€17,237
up €17,237 (+102.0%), from €16,903 to €34,140
- Trade debts -€15,517
down €15,517 (-75.7%), from €20,494 to €4,977
- Advances received -€9,727
no longer reported in 2025 (was €9,727)
- Other debts -€9,629
down €9,629 (-95.6%), from €10,072 to €443
- Gross operating margin +€9,752
up €9,752 (+37.1%), from €26,290 to €36,043
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 | €64,106 | €46,745 | -€17,360 | -27.1% |
| Fixed assets | 21/28 | €16,915 | €12,940 | -€3,975 | -23.5% |
| Tangible fixed assets | 22/27 | €16,915 | €12,940 | -€3,975 | -23.5% |
| Furniture and vehicles | 24 | €16,915 | €12,940 | -€3,975 | -23.5% |
| Current assets | 29/58 | €47,190 | €33,806 | -€13,385 | -28.4% |
| Stocks and contracts in progress | 3 | €8,299 | €8,299 | = | 0.0% |
| Stocks | 30/36 | €8,299 | €8,299 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,867 | €10,854 | -€14,013 | -56.4% |
| Trade receivables | 40 | €24,632 | €8,395 | -€16,237 | -65.9% |
| Other amounts receivable | 41 | €235 | €2,459 | +€2,224 | +944.9% |
| Cash at bank and in hand | 54/58 | €11,958 | €14,505 | +€2,546 | +21.3% |
| Deferred charges and accrued income | 490/1 | €2,066 | €148 | -€1,918 | -92.8% |
| Total equity and liabilities | 10/49 | €64,106 | €46,745 | -€17,360 | -27.1% |
| Equity | 10/15 | €17,903 | €35,140 | +€17,237 | +96.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,903 | €34,140 | +€17,237 | +102.0% |
| Amounts payable | 17/49 | €46,203 | €11,606 | -€34,597 | -74.9% |
| Amounts payable within one year | 42/48 | €46,203 | €11,606 | -€34,597 | -74.9% |
| Trade debts | 44 | €20,494 | €4,977 | -€15,517 | -75.7% |
| Suppliers | 440/4 | €20,494 | €4,977 | -€15,517 | -75.7% |
| Advances received on contracts in progress | 46 | €9,727 | - | -€9,727 | |
| Taxes, remuneration and social security | 45 | €5,909 | €6,185 | +€277 | +4.7% |
| Taxes | 450/3 | €5,909 | €6,185 | +€277 | +4.7% |
| Other amounts payable | 47/48 | €10,072 | €443 | -€9,629 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,656 | €2,955 | +€299 | +11.3% |
| Other operating charges | 640/8 | €768 | €738 | -€30 | -3.9% |
| Non-recurring operating charges | 66A | - | €8,841 | +€8,841 | |
| Gross operating margin | 9900 | €26,290 | €36,043 | +€9,752 | +37.1% |
| Operating profit (loss) | 9901 | €22,867 | €23,509 | +€642 | +2.8% |
| Financial charges | 65/66B | €55 | €87 | +€31 | +56.5% |
| Recurring financial charges | 65 | €55 | €87 | +€31 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €22,812 | €23,422 | +€611 | +2.7% |
| Income taxes | 67/77 | €5,909 | €6,185 | +€277 | +4.7% |
| Profit (loss) for the period | 9904 | €16,903 | €17,237 | +€334 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,903 | €17,237 | +€334 | +2.0% |
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 6 October 2026 via checked.be.