BINDERY MANAGEMENT: 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.
BINDERY MANAGEMENT
Largest movements
- Cash +€35,307
up €35,307 (+7,286%), from €485 to €35,792
mainly Trade debts (+€22,261) and Receivables within one year (+€14,100)
- Receivables within one year -€14,100
down €14,100 (-4.2%), from €337,462 to €323,362
of which Other amounts receivable: -€23,999
- Other debts -€26,479
down €26,479 (-100%), from €26,479 to €0
- Trade debts +€22,261
up €22,261 (+15.9%), from €140,368 to €162,629
- Reserves +€9,958
up €9,958 (+12.1%), from €82,588 to €92,546
- Short-term financial debts +€7,632
new in 2025: €7,632
- Current portion of long-term debt +€7,552
up €7,552 (+37.2%), from €20,314 to €27,866
- Financial charges +€2,654
up €2,654 (+77.7%), from €3,416 to €6,070
- Gross operating margin +€2,098
up €2,098 (+9.8%), from €21,501 to €23,598
- Other operating charges +€425
up €425 (+111%), from €384 to €810
- Taxes -€250
down €250 (-4.6%), from €5,500 to €5,249
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 | €373,456 | €394,308 | +€20,851 | +5.6% |
| Fixed assets | 21/28 | €34,520 | €33,008 | -€1,512 | -4.4% |
| Tangible fixed assets | 22/27 | €34,520 | €33,008 | -€1,512 | -4.4% |
| Furniture and vehicles | 24 | €34,520 | €33,008 | -€1,512 | -4.4% |
| Current assets | 29/58 | €338,936 | €361,300 | +€22,364 | +6.6% |
| Amounts receivable within one year | 40/41 | €337,462 | €323,362 | -€14,100 | -4.2% |
| Trade receivables | 40 | €12,545 | €22,444 | +€9,898 | +78.9% |
| Other amounts receivable | 41 | €324,917 | €300,918 | -€23,999 | -7.4% |
| Cash at bank and in hand | 54/58 | €485 | €35,792 | +€35,307 | +7,286% |
| Deferred charges and accrued income | 490/1 | €989 | €2,146 | +€1,157 | +117% |
| Total equity and liabilities | 10/49 | €373,456 | €394,308 | +€20,851 | +5.6% |
| Equity | 10/15 | €85,088 | €95,046 | +€9,958 | +11.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,588 | €92,546 | +€9,958 | +12.1% |
| Distributable reserves | 133 | €82,588 | €92,546 | +€9,958 | +12.1% |
| Amounts payable | 17/49 | €288,368 | €299,262 | +€10,894 | +3.8% |
| Amounts payable after more than one year | 17 | €84,747 | €84,603 | -€144 | -0.2% |
| Financial debts | 170/4 | €84,747 | €84,603 | -€144 | -0.2% |
| Amounts payable within one year | 42/48 | €203,621 | €212,259 | +€8,638 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €20,314 | €27,866 | +€7,552 | +37.2% |
| Financial debts | 43 | - | €7,632 | +€7,632 | |
| Credit institutions | 430/8 | - | €7,632 | +€7,632 | |
| Trade debts | 44 | €140,368 | €162,629 | +€22,261 | +15.9% |
| Suppliers | 440/4 | €140,368 | €162,629 | +€22,261 | +15.9% |
| Taxes, remuneration and social security | 45 | €16,460 | €14,132 | -€2,328 | -14.1% |
| Taxes | 450/3 | €16,460 | €14,132 | -€2,328 | -14.1% |
| Other amounts payable | 47/48 | €26,479 | €0 | -€26,479 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,686 | €1,512 | -€174 | -10.3% |
| Other operating charges | 640/8 | €384 | €810 | +€425 | +111% |
| Gross operating margin | 9900 | €21,501 | €23,598 | +€2,098 | +9.8% |
| Operating profit (loss) | 9901 | €19,430 | €21,277 | +€1,847 | +9.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,416 | €6,070 | +€2,654 | +77.7% |
| Recurring financial charges | 65 | €3,416 | €6,070 | +€2,654 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €16,014 | €15,207 | -€807 | -5.0% |
| Income taxes | 67/77 | €5,500 | €5,249 | -€250 | -4.6% |
| Profit (loss) for the period | 9904 | €10,514 | €9,958 | -€556 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,514 | €9,958 | -€556 | -5.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.