BIHAIN FRERES: 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.
BIHAIN FRERES
Largest movements
- Receivables within one year -€108,113
down €108,113 (-17.3%), from €623,684 to €515,571
of which Trade receivables: -€112,809
- Deferred charges and accrued income +€53,832
up €53,832 (+439%), from €12,275 to €66,107
- Cash +€39,629
up €39,629 (+268%), from €14,768 to €54,397
mainly Depreciation (+€181,787) and Debts after one year (+€112,010)
- Tangible fixed assets +€27,450
up €27,450 (+3.9%), from €699,445 to €726,895
of which Plant, machinery and equipment: +€24,197
- Trade debts -€134,636
down €134,636 (-39.7%), from €339,403 to €204,767
- Debts after one year +€112,010
up €112,010 (+45.0%), from €248,882 to €360,892
- Other debts -€87,171
down €87,171 (-26.4%), from €330,431 to €243,260
- Profit (loss) carried forward +€66,637
up €66,637 (+23.2%), from €286,888 to €353,525
- Tax, wage and social debts +€33,290
up €33,290 (+80.2%), from €41,524 to €74,814
of which Taxes: +€26,645
- Gross operating margin +€73,105
up €73,105 (+14.7%), from €496,300 to €569,405
- Depreciation +€39,967
up €39,967 (+28.2%), from €141,820 to €181,787
- Staff costs +€39,400
up €39,400 (+17.6%), from €223,301 to €262,701
- Taxes +€5,858
up €5,858 (+31.2%), from €18,790 to €24,648
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 | €1,351,431 | €1,364,228 | +€12,798 | +0.9% |
| Fixed assets | 21/28 | €700,703 | €728,153 | +€27,450 | +3.9% |
| Tangible fixed assets | 22/27 | €699,445 | €726,895 | +€27,450 | +3.9% |
| Land and buildings | 22 | €117,450 | €131,166 | +€13,716 | +11.7% |
| Plant, machinery and equipment | 23 | €235,352 | €259,549 | +€24,197 | +10.3% |
| Furniture and vehicles | 24 | €325,148 | €336,180 | +€11,032 | +3.4% |
| Assets under construction and advance payments | 27 | €21,495 | - | -€21,495 | |
| Financial fixed assets | 28 | €1,258 | €1,258 | = | 0.0% |
| Current assets | 29/58 | €650,727 | €636,075 | -€14,652 | -2.3% |
| Amounts receivable within one year | 40/41 | €623,684 | €515,571 | -€108,113 | -17.3% |
| Trade receivables | 40 | €611,867 | €499,057 | -€112,809 | -18.4% |
| Other amounts receivable | 41 | €11,817 | €16,513 | +€4,696 | +39.7% |
| Cash at bank and in hand | 54/58 | €14,768 | €54,397 | +€39,629 | +268% |
| Deferred charges and accrued income | 490/1 | €12,275 | €66,107 | +€53,832 | +439% |
| Total equity and liabilities | 10/49 | €1,351,431 | €1,364,228 | +€12,798 | +0.9% |
| Equity | 10/15 | €299,755 | €365,996 | +€66,240 | +22.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,888 | €353,525 | +€66,637 | +23.2% |
| Investment grants | 15 | €4,757 | €4,361 | -€396 | -8.3% |
| Provisions and deferred taxes | 16 | €1,998 | €1,832 | -€167 | -8.3% |
| Deferred taxes | 168 | €1,998 | €1,832 | -€167 | -8.3% |
| Amounts payable | 17/49 | €1,049,677 | €996,401 | -€53,276 | -5.1% |
| Amounts payable after more than one year | 17 | €248,882 | €360,892 | +€112,010 | +45.0% |
| Financial debts | 170/4 | €248,882 | €360,892 | +€112,010 | +45.0% |
| Amounts payable within one year | 42/48 | €800,793 | €634,825 | -€165,968 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €89,262 | €111,984 | +€22,722 | +25.5% |
| Financial debts | 43 | €174 | - | -€174 | |
| Credit institutions | 430/8 | €174 | - | -€174 | |
| Trade debts | 44 | €339,403 | €204,767 | -€134,636 | -39.7% |
| Suppliers | 440/4 | €339,403 | €204,767 | -€134,636 | -39.7% |
| Taxes, remuneration and social security | 45 | €41,524 | €74,814 | +€33,290 | +80.2% |
| Taxes | 450/3 | €19,038 | €45,684 | +€26,645 | +140% |
| Remuneration and social security | 454/9 | €22,485 | €29,130 | +€6,645 | +29.6% |
| Other amounts payable | 47/48 | €330,431 | €243,260 | -€87,171 | -26.4% |
| Accrued charges and deferred income | 492/3 | €2 | €684 | +€682 | +44,900% |
| Non-recurring operating income | 76A | €1,258 | - | -€1,258 | |
| Remuneration, social security and pensions | 62 | €223,301 | €262,701 | +€39,400 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,820 | €181,787 | +€39,967 | +28.2% |
| Other operating charges | 640/8 | €14,677 | €17,975 | +€3,297 | +22.5% |
| Non-recurring operating charges | 66A | €13,215 | €3,159 | -€10,056 | -76.1% |
| Gross operating margin | 9900 | €496,300 | €569,405 | +€73,105 | +14.7% |
| Operating profit (loss) | 9901 | €103,287 | €103,785 | +€498 | +0.5% |
| Financial income | 75/76B | €1,620 | €442 | -€1,178 | -72.7% |
| Recurring financial income | 75 | €1,620 | €442 | -€1,178 | -72.7% |
| Financial charges | 65/66B | €9,593 | €13,109 | +€3,516 | +36.6% |
| Recurring financial charges | 65 | €9,593 | €13,109 | +€3,516 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €95,314 | €91,118 | -€4,196 | -4.4% |
| Transfer from deferred taxes | 780 | €167 | €167 | = | 0.0% |
| Income taxes | 67/77 | €18,790 | €24,648 | +€5,858 | +31.2% |
| Profit (loss) for the period | 9904 | €76,690 | €66,637 | -€10,054 | -13.1% |
| Transfer from tax-exempt reserves | 789 | €2,004 | - | -€2,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,694 | €66,637 | -€12,058 | -15.3% |
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 27 October 2026 via checked.be.