BIKAÏ: 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.
BIKAÏ
Largest movements
- Receivables within one year +€208,714
up €208,714 (+44.7%), from €466,478 to €675,192
of which Other amounts receivable: +€223,492
- Tangible fixed assets -€34,089
down €34,089 (-24.4%), from €139,624 to €105,534
of which Other tangible fixed assets: -€31,775
- Stocks and contracts +€32,493
up €32,493 (+11.7%), from €278,028 to €310,521
- Trade debts +€181,571
up €181,571 (+49.0%), from €370,596 to €552,167
- Other debts +€77,000
up €77,000 (+87.5%), from €88,000 to €165,000
- Debts after one year -€60,860
down €60,860 (-51.2%), from €118,929 to €58,070
- Gross operating margin +€50,413
up €50,413 (+8.8%), from €570,723 to €621,136
- Staff costs -€32,017
down €32,017 (-7.4%), from €435,450 to €403,432
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 | €907,357 | €1,106,724 | +€199,366 | +22.0% |
| Fixed assets | 21/28 | €139,624 | €105,534 | -€34,089 | -24.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €139,624 | €105,534 | -€34,089 | -24.4% |
| Land and buildings | 22 | €6,580 | €5,601 | -€979 | -14.9% |
| Plant, machinery and equipment | 23 | €6,525 | €5,685 | -€840 | -12.9% |
| Furniture and vehicles | 24 | €1,015 | €519 | -€496 | -48.9% |
| Other tangible fixed assets | 26 | €125,504 | €93,729 | -€31,775 | -25.3% |
| Current assets | 29/58 | €767,734 | €1,001,189 | +€233,456 | +30.4% |
| Stocks and contracts in progress | 3 | €278,028 | €310,521 | +€32,493 | +11.7% |
| Stocks | 30/36 | €278,028 | €310,521 | +€32,493 | +11.7% |
| Amounts receivable within one year | 40/41 | €466,478 | €675,192 | +€208,714 | +44.7% |
| Trade receivables | 40 | €50,235 | €35,457 | -€14,778 | -29.4% |
| Other amounts receivable | 41 | €416,243 | €639,735 | +€223,492 | +53.7% |
| Cash at bank and in hand | 54/58 | €20,334 | €14,149 | -€6,186 | -30.4% |
| Deferred charges and accrued income | 490/1 | €2,894 | €1,327 | -€1,567 | -54.1% |
| Total equity and liabilities | 10/49 | €907,357 | €1,106,724 | +€199,366 | +22.0% |
| Equity | 10/15 | €146,710 | €148,092 | +€1,382 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,510 | €141,892 | +€1,382 | +1.0% |
| Distributable reserves | 133 | €140,510 | €141,892 | +€1,382 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €760,647 | €958,632 | +€197,985 | +26.0% |
| Amounts payable after more than one year | 17 | €118,929 | €58,070 | -€60,860 | -51.2% |
| Financial debts | 170/4 | €118,929 | €58,070 | -€60,860 | -51.2% |
| Amounts payable within one year | 42/48 | €641,718 | €900,562 | +€258,844 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €59,215 | €60,714 | +€1,500 | +2.5% |
| Financial debts | 43 | - | €2,386 | +€2,386 | |
| Credit institutions | 430/8 | - | €2,386 | +€2,386 | |
| Trade debts | 44 | €370,596 | €552,167 | +€181,571 | +49.0% |
| Suppliers | 440/4 | €370,596 | €552,167 | +€181,571 | +49.0% |
| Taxes, remuneration and social security | 45 | €123,907 | €120,294 | -€3,613 | -2.9% |
| Taxes | 450/3 | €34,814 | €35,997 | +€1,183 | +3.4% |
| Remuneration and social security | 454/9 | €89,093 | €84,297 | -€4,795 | -5.4% |
| Other amounts payable | 47/48 | €88,000 | €165,000 | +€77,000 | +87.5% |
| Remuneration, social security and pensions | 62 | €435,450 | €403,432 | -€32,017 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,185 | €34,089 | -€2,096 | -5.8% |
| Other operating charges | 640/8 | €3,504 | €3,070 | -€434 | -12.4% |
| Gross operating margin | 9900 | €570,723 | €621,136 | +€50,413 | +8.8% |
| Operating profit (loss) | 9901 | €95,584 | €180,545 | +€84,960 | +88.9% |
| Financial income | 75/76B | €5,680 | €385 | -€5,296 | -93.2% |
| Recurring financial income | 75 | €5,680 | €385 | -€5,296 | -93.2% |
| Financial charges | 65/66B | €12,051 | €12,354 | +€303 | +2.5% |
| Recurring financial charges | 65 | €12,051 | €12,354 | +€303 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €89,214 | €168,576 | +€79,361 | +89.0% |
| Income taxes | 67/77 | €847 | €2,194 | +€1,347 | +159.1% |
| Profit (loss) for the period | 9904 | €88,368 | €166,382 | +€78,014 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,368 | €166,382 | +€78,014 | +88.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.