BIMAX: 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.
BIMAX
Largest movements
- Current investments +€1.1m
up €1.1m (+182.7%), from €602,075 to €1.7m
- Cash -€842,582
down €842,582 (-98.1%), from €858,650 to €16,068
mainly Current investments (-€1.1m) and Contributions, distributions and other (-€730,623)
- Other debts +€632,127
up €632,127 (+616.8%), from €102,481 to €734,607
- Reserves -€457,321
down €457,321 (-35.5%), from €1.3m to €832,004
- Short-term financial debts +€99,000
new in 2026: €99,000
- Financial income -€102,724
down €102,724 (-24.0%), from €428,001 to €325,277
- Taxes -€10,344
down €10,344 (-26.7%), from €38,732 to €28,388
- Staff costs +€1,333
up €1,333 (+4.7%), from €28,653 to €29,986
- Gross operating margin +€550
up €550 (+2.9%), from €18,737 to €19,287
- Financial charges +€343
up €343 (+44.6%), from €769 to €1,112
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,927,932 | €2,204,192 | +€276,260 | +14.3% |
| Fixed assets | 21/28 | €459,515 | €461,674 | +€2,159 | +0.5% |
| Tangible fixed assets | 22/27 | €9,515 | €11,674 | +€2,159 | +22.7% |
| Furniture and vehicles | 24 | €9,515 | €11,674 | +€2,159 | +22.7% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €1,468,417 | €1,742,518 | +€274,101 | +18.7% |
| Amounts receivable within one year | 40/41 | €7,419 | €22,946 | +€15,526 | +209.3% |
| Trade receivables | 40 | €7,419 | €22,888 | +€15,468 | +208.5% |
| Other amounts receivable | 41 | - | €58 | +€58 | |
| Current investments | 50/53 | €602,075 | €1,702,075 | +€1.1m | +182.7% |
| Cash at bank and in hand | 54/58 | €858,650 | €16,068 | -€842,582 | -98.1% |
| Deferred charges and accrued income | 490/1 | €273 | €1,430 | +€1,157 | +424.1% |
| Total equity and liabilities | 10/49 | €1,927,932 | €2,204,192 | +€276,260 | +14.3% |
| Equity | 10/15 | €1,796,201 | €1,338,880 | -€457,321 | -25.5% |
| Contributions | 10/11 | €503,171 | €503,171 | = | 0.0% |
| Reserves | 13 | €1,289,325 | €832,004 | -€457,321 | -35.5% |
| Distributable reserves | 133 | €1,289,325 | €832,004 | -€457,321 | -35.5% |
| Profit (loss) carried forward | 14 | €3,705 | €3,705 | = | 0.0% |
| Amounts payable | 17/49 | €131,731 | €865,311 | +€733,581 | +556.9% |
| Amounts payable within one year | 42/48 | €131,731 | €865,311 | +€733,581 | +556.9% |
| Financial debts | 43 | - | €99,000 | +€99,000 | |
| Credit institutions | 430/8 | - | €99,000 | +€99,000 | |
| Trade debts | 44 | €1,875 | €215 | -€1,660 | -88.5% |
| Suppliers | 440/4 | €1,875 | €215 | -€1,660 | -88.5% |
| Taxes, remuneration and social security | 45 | €27,375 | €31,489 | +€4,114 | +15.0% |
| Taxes | 450/3 | €23,967 | €18,207 | -€5,760 | -24.0% |
| Remuneration and social security | 454/9 | €3,408 | €13,282 | +€9,874 | +289.7% |
| Other amounts payable | 47/48 | €102,481 | €734,607 | +€632,127 | +616.8% |
| Remuneration, social security and pensions | 62 | €28,653 | €29,986 | +€1,333 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,787 | €8,789 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,953 | €2,987 | +€33 | +1.1% |
| Gross operating margin | 9900 | €18,737 | €19,287 | +€550 | +2.9% |
| Operating profit (loss) | 9901 | -€21,657 | -€22,475 | -€819 | -3.8% |
| Financial income | 75/76B | €428,001 | €325,277 | -€102,724 | -24.0% |
| Recurring financial income | 75 | €428,001 | €325,277 | -€102,724 | -24.0% |
| Financial charges | 65/66B | €769 | €1,112 | +€343 | +44.6% |
| Recurring financial charges | 65 | €769 | €1,112 | +€343 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €405,575 | €301,690 | -€103,885 | -25.6% |
| Income taxes | 67/77 | €38,732 | €28,388 | -€10,344 | -26.7% |
| Profit (loss) for the period | 9904 | €366,843 | €273,302 | -€93,541 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €366,843 | €273,302 | -€93,541 | -25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.