Bijenboer: 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.
Bijenboer
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€262,674
down €262,674 (-73.0%), from €360,047 to €97,373
mainly Current investments (-€350,000) and Receivables within one year (-€188,901)
- Receivables within one year +€188,901
up €188,901 (+121%), from €155,771 to €344,672
of which Other amounts receivable: +€155,327
- Tangible fixed assets +€39,630
up €39,630 (+12.2%), from €323,868 to €363,499
of which Plant, machinery and equipment: +€40,039
- Deferred charges and accrued income -€15,950
down €15,950 (-95.6%), from €16,676 to €726
- Reserves +€226,302
up €226,302 (+42.5%), from €532,272 to €758,574
- Trade debts +€90,098
up €90,098 (+227%), from €39,611 to €129,709
- Tax, wage and social debts -€14,613
down €14,613 (-57.4%), from €25,453 to €10,840
of which Taxes: -€19,235
- Gross operating margin -€25,772
down €25,772 (-5.6%), from €460,546 to €434,773
- Staff costs +€16,180
up €16,180 (+33.3%), from €48,572 to €64,751
- Financial income -€8,316
down €8,316 (-73.6%), from €11,295 to €2,979
- Depreciation -€6,856
down €6,856 (-10.5%), from €65,175 to €58,319
- Taxes +€5,598
up €5,598 (+8.6%), from €65,102 to €70,701
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 | €856,362 | €1,156,269 | +€299,907 | +35.0% |
| Fixed assets | 21/28 | €323,868 | €363,499 | +€39,630 | +12.2% |
| Tangible fixed assets | 22/27 | €323,868 | €363,499 | +€39,630 | +12.2% |
| Land and buildings | 22 | €240,665 | €222,549 | -€18,117 | -7.5% |
| Plant, machinery and equipment | 23 | €50,254 | €90,293 | +€40,039 | +79.7% |
| Furniture and vehicles | 24 | €32,949 | €50,657 | +€17,708 | +53.7% |
| Current assets | 29/58 | €532,494 | €792,770 | +€260,276 | +48.9% |
| Amounts receivable within one year | 40/41 | €155,771 | €344,672 | +€188,901 | +121% |
| Trade receivables | 40 | €126,295 | €159,869 | +€33,574 | +26.6% |
| Other amounts receivable | 41 | €29,476 | €184,803 | +€155,327 | +527% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €360,047 | €97,373 | -€262,674 | -73.0% |
| Deferred charges and accrued income | 490/1 | €16,676 | €726 | -€15,950 | -95.6% |
| Total equity and liabilities | 10/49 | €856,362 | €1,156,269 | +€299,907 | +35.0% |
| Equity | 10/15 | €571,751 | €795,174 | +€223,423 | +39.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €532,272 | €758,574 | +€226,302 | +42.5% |
| Distributable reserves | 133 | €532,272 | €758,574 | +€226,302 | +42.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €33,279 | €30,400 | -€2,879 | -8.7% |
| Provisions and deferred taxes | 16 | €1,752 | €1,600 | -€152 | -8.7% |
| Deferred taxes | 168 | €1,752 | €1,600 | -€152 | -8.7% |
| Amounts payable | 17/49 | €282,859 | €359,495 | +€76,636 | +27.1% |
| Amounts payable after more than one year | 17 | €99,493 | €104,239 | +€4,747 | +4.8% |
| Financial debts | 170/4 | €99,493 | €104,239 | +€4,747 | +4.8% |
| Amounts payable within one year | 42/48 | €183,367 | €255,256 | +€71,889 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €14,493 | €6,608 | -€7,885 | -54.4% |
| Trade debts | 44 | €39,611 | €129,709 | +€90,098 | +227% |
| Suppliers | 440/4 | €39,611 | €129,709 | +€90,098 | +227% |
| Taxes, remuneration and social security | 45 | €25,453 | €10,840 | -€14,613 | -57.4% |
| Taxes | 450/3 | €25,306 | €6,071 | -€19,235 | -76.0% |
| Remuneration and social security | 454/9 | €147 | €4,769 | +€4,622 | +3,135% |
| Other amounts payable | 47/48 | €103,810 | €108,099 | +€4,289 | +4.1% |
| Non-recurring operating income | 76A | - | €1,071 | +€1,071 | |
| Remuneration, social security and pensions | 62 | €48,572 | €64,751 | +€16,180 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,175 | €58,319 | -€6,856 | -10.5% |
| Other operating charges | 640/8 | €3,152 | €2,960 | -€192 | -6.1% |
| Gross operating margin | 9900 | €460,546 | €434,773 | -€25,772 | -5.6% |
| Operating profit (loss) | 9901 | €343,646 | €308,742 | -€34,904 | -10.2% |
| Financial income | 75/76B | €11,295 | €2,979 | -€8,316 | -73.6% |
| Recurring financial income | 75 | €11,295 | €2,979 | -€8,316 | -73.6% |
| Financial charges | 65/66B | €9,653 | €14,870 | +€5,217 | +54.0% |
| Recurring financial charges | 65 | €9,653 | €14,870 | +€5,217 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €345,288 | €296,851 | -€48,437 | -14.0% |
| Transfer from deferred taxes | 780 | €594 | €152 | -€442 | -74.5% |
| Transfer to deferred taxes | 680 | €2,345 | €0 | -€2,345 | -100% |
| Income taxes | 67/77 | €65,102 | €70,701 | +€5,598 | +8.6% |
| Profit (loss) for the period | 9904 | €278,435 | €226,302 | -€52,133 | -18.7% |
| Transfer to tax-exempt reserves | 689 | €44,564 | €0 | -€44,564 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €233,871 | €226,302 | -€7,569 | -3.2% |
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.