BIMATRA: 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.
BIMATRA
Largest movements
- Receivables within one year +€476,000
up €476,000 (+36.3%), from €1.3m to €1.8m
of which Trade receivables: +€371,237
- Stocks and contracts +€262,261
up €262,261 (+72.0%), from €364,276 to €626,537
- Cash -€35,722
down €35,722 (-75.7%), from €47,160 to €11,438
mainly Receivables within one year (-€476,000) and Stocks and contracts (-€262,261)
- Trade debts +€774,030
up €774,030 (+60.4%), from €1.3m to €2.1m
- Debts after one year +€152,648
up €152,648 (+78.6%), from €194,088 to €346,736
- Current portion of long-term debt -€119,264
down €119,264 (-59.9%), from €199,063 to €79,799
- Other debts -€84,106
down €84,106 (-87.9%), from €95,714 to €11,608
- Accrued charges and deferred income -€40,281
no longer reported in 2025 (was €40,281)
- Gross operating margin +€180,092
up €180,092 (+375.2%), from €47,998 to €228,090
- Depreciation +€119,594
up €119,594 (+267.4%), from €44,727 to €164,321
- Financial charges -€11,890
down €11,890 (-28.1%), from €42,277 to €30,387
- Other operating charges +€3,331
up €3,331 (+15.4%), from €21,637 to €24,968
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 | €2,861,825 | €3,561,820 | +€699,995 | +24.5% |
| Fixed assets | 21/28 | €1,104,520 | €1,096,685 | -€7,835 | -0.7% |
| Intangible fixed assets | 21 | €41,607 | €35,076 | -€6,531 | -15.7% |
| Tangible fixed assets | 22/27 | €775,762 | €774,458 | -€1,304 | -0.2% |
| Land and buildings | 22 | €124,692 | €100,990 | -€23,702 | -19.0% |
| Plant, machinery and equipment | 23 | €211,919 | €170,678 | -€41,241 | -19.5% |
| Furniture and vehicles | 24 | €29,335 | €51,160 | +€21,825 | +74.4% |
| Leasing and similar rights | 25 | €409,816 | €451,630 | +€41,814 | +10.2% |
| Financial fixed assets | 28 | €287,151 | €287,151 | = | 0.0% |
| Current assets | 29/58 | €1,757,305 | €2,465,135 | +€707,830 | +40.3% |
| Stocks and contracts in progress | 3 | €364,276 | €626,537 | +€262,261 | +72.0% |
| Stocks | 30/36 | €364,276 | €626,537 | +€262,261 | +72.0% |
| Amounts receivable within one year | 40/41 | €1,311,687 | €1,787,687 | +€476,000 | +36.3% |
| Trade receivables | 40 | €640,481 | €1,011,718 | +€371,237 | +58.0% |
| Other amounts receivable | 41 | €671,206 | €775,969 | +€104,763 | +15.6% |
| Cash at bank and in hand | 54/58 | €47,160 | €11,438 | -€35,722 | -75.7% |
| Deferred charges and accrued income | 490/1 | €34,182 | €39,473 | +€5,291 | +15.5% |
| Total equity and liabilities | 10/49 | €2,861,825 | €3,561,820 | +€699,995 | +24.5% |
| Equity | 10/15 | €600,645 | €617,613 | +€16,968 | +2.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €500,645 | €517,613 | +€16,968 | +3.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,674 | €163,674 | = | 0.0% |
| Distributable reserves | 133 | €326,971 | €343,939 | +€16,968 | +5.2% |
| Amounts payable | 17/49 | €2,261,180 | €2,944,207 | +€683,027 | +30.2% |
| Amounts payable after more than one year | 17 | €194,088 | €346,736 | +€152,648 | +78.6% |
| Financial debts | 170/4 | €194,088 | €346,736 | +€152,648 | +78.6% |
| Amounts payable within one year | 42/48 | €2,026,811 | €2,597,471 | +€570,660 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €199,063 | €79,799 | -€119,264 | -59.9% |
| Financial debts | 43 | €450,000 | €450,000 | = | 0.0% |
| Credit institutions | 430/8 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €1,282,034 | €2,056,064 | +€774,030 | +60.4% |
| Suppliers | 440/4 | €1,282,034 | €2,056,064 | +€774,030 | +60.4% |
| Other amounts payable | 47/48 | €95,714 | €11,608 | -€84,106 | -87.9% |
| Accrued charges and deferred income | 492/3 | €40,281 | - | -€40,281 | |
| Non-recurring operating income | 76A | €1,568 | €20,000 | +€18,432 | +1175.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,727 | €164,321 | +€119,594 | +267.4% |
| Other operating charges | 640/8 | €21,637 | €24,968 | +€3,331 | +15.4% |
| Gross operating margin | 9900 | €47,998 | €228,090 | +€180,092 | +375.2% |
| Operating profit (loss) | 9901 | -€18,366 | €38,801 | +€57,167 | |
| Financial income | 75/76B | €9,220 | €9,318 | +€98 | +1.1% |
| Recurring financial income | 75 | €9,220 | €9,318 | +€98 | +1.1% |
| Financial charges | 65/66B | €42,277 | €30,387 | -€11,890 | -28.1% |
| Recurring financial charges | 65 | €42,277 | €30,387 | -€11,890 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,423 | €17,732 | +€69,155 | |
| Transfer from deferred taxes | 780 | €1,789 | - | -€1,789 | |
| Income taxes | 67/77 | €712 | €764 | +€52 | +7.3% |
| Profit (loss) for the period | 9904 | -€50,346 | €16,968 | +€67,314 | |
| Transfer from tax-exempt reserves | 789 | €5,368 | - | -€5,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,978 | €16,968 | +€61,946 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.