BINC: 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.
BINC
Largest movements
- Cash -€366,408
down €366,408 (-90.8%), from €403,635 to €37,227
mainly Trade debts (-€156,093) and Stocks and contracts (-€138,180)
- Stocks and contracts +€138,180
up €138,180 (+9.8%), from €1.4m to €1.5m
- Tangible fixed assets +€86,754
up €86,754 (+545%), from €15,924 to €102,678
of which Furniture and vehicles: +€88,800
- Trade debts -€156,093
down €156,093 (-74.9%), from €208,372 to €52,279
- Debts after one year +€69,627
new in 2025: €69,627
- Tax, wage and social debts -€44,190
down €44,190 (-28.4%), from €155,771 to €111,581
- Profit (loss) carried forward -€19,463
new in 2025: -€19,463
- Financial charges +€33,786
up €33,786 (+155%), from €21,744 to €55,530
- Other operating charges -€19,512
down €19,512 (-86.6%), from €22,518 to €3,007
- Gross operating margin -€14,129
down €14,129 (-24.0%), from €58,845 to €44,716
- Taxes -€10,052
down €10,052 (-96.2%), from €10,448 to €396
- Financial income -€3,812
down €3,812 (-100%), from €3,812 to €0
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 | €1,850,162 | €1,722,182 | -€127,979 | -6.9% |
| Fixed assets | 21/28 | €15,924 | €102,678 | +€86,754 | +545% |
| Tangible fixed assets | 22/27 | €15,924 | €102,678 | +€86,754 | +545% |
| Land and buildings | 22 | €868 | €434 | -€434 | -50.0% |
| Plant, machinery and equipment | 23 | €340 | €0 | -€340 | -100% |
| Furniture and vehicles | 24 | €2,967 | €91,767 | +€88,800 | +2,993% |
| Other tangible fixed assets | 26 | €11,749 | €10,477 | -€1,272 | -10.8% |
| Current assets | 29/58 | €1,834,238 | €1,619,504 | -€214,734 | -11.7% |
| Stocks and contracts in progress | 3 | €1,410,347 | €1,548,527 | +€138,180 | +9.8% |
| Stocks | 30/36 | €1,410,347 | €1,548,527 | +€138,180 | +9.8% |
| Amounts receivable within one year | 40/41 | €20,256 | €33,750 | +€13,494 | +66.6% |
| Trade receivables | 40 | €19,891 | €33,141 | +€13,250 | +66.6% |
| Other amounts receivable | 41 | €365 | €609 | +€244 | +66.9% |
| Cash at bank and in hand | 54/58 | €403,635 | €37,227 | -€366,408 | -90.8% |
| Total equity and liabilities | 10/49 | €1,850,162 | €1,722,182 | -€127,979 | -6.9% |
| Equity | 10/15 | €86,354 | €66,892 | -€19,463 | -22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,154 | €80,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,294 | €78,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,463 | -€19,463 | |
| Amounts payable | 17/49 | €1,763,808 | €1,655,291 | -€108,517 | -6.2% |
| Amounts payable after more than one year | 17 | - | €69,627 | +€69,627 | |
| Financial debts | 170/4 | - | €69,627 | +€69,627 | |
| Amounts payable within one year | 42/48 | €1,763,808 | €1,585,664 | -€178,143 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,099 | +€13,099 | |
| Financial debts | 43 | €870,000 | €870,000 | = | 0.0% |
| Credit institutions | 430/8 | €870,000 | €870,000 | = | 0.0% |
| Trade debts | 44 | €208,372 | €52,279 | -€156,093 | -74.9% |
| Suppliers | 440/4 | €208,372 | €52,279 | -€156,093 | -74.9% |
| Taxes, remuneration and social security | 45 | €155,771 | €111,581 | -€44,190 | -28.4% |
| Taxes | 450/3 | €155,771 | €111,581 | -€44,190 | -28.4% |
| Other amounts payable | 47/48 | €529,665 | €538,705 | +€9,040 | +1.7% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,876 | €5,246 | +€2,370 | +82.4% |
| Other operating charges | 640/8 | €22,518 | €3,007 | -€19,512 | -86.6% |
| Gross operating margin | 9900 | €58,845 | €44,716 | -€14,129 | -24.0% |
| Operating profit (loss) | 9901 | €33,451 | €36,463 | +€3,013 | +9.0% |
| Financial income | 75/76B | €3,812 | €0 | -€3,812 | -100% |
| Recurring financial income | 75 | €3,812 | €0 | -€3,812 | -100% |
| Financial charges | 65/66B | €21,744 | €55,530 | +€33,786 | +155% |
| Recurring financial charges | 65 | €21,744 | €55,530 | +€33,786 | +155% |
| Profit (loss) for the period before taxes | 9903 | €15,519 | -€19,067 | -€34,586 | |
| Income taxes | 67/77 | €10,448 | €396 | -€10,052 | -96.2% |
| Profit (loss) for the period | 9904 | €5,071 | -€19,463 | -€24,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,071 | -€19,463 | -€24,533 |
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 30 October 2026 via checked.be.