BINET: 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.
BINET
Largest movements
- Tangible fixed assets -€2.7m
no longer reported in 2023 (was €2.7m)
of which Land and buildings: -€2.7m
- Cash -€924,535
down €924,535 (-99.8%), from €926,025 to €1,490
mainly Current portion of long-term debt (-€2.6m) and Other debts (-€1.2m)
- Current portion of long-term debt -€2.6m
no longer reported in 2023 (was €2.6m)
- Other debts -€1.2m
down €1.2m (-99.6%), from €1.2m to €4,708
- Profit (loss) carried forward +€626,866
up €626,866, from -€40,434 to €586,432
- Contributions -€242,292
down €242,292 (-79.8%), from €303,792 to €61,500
- Trade debts -€111,250
down €111,250 (-27.8%), from €400,782 to €289,532
- Gross operating margin +€945,671
up €945,671, from -€262,508 to €683,163
- Depreciation -€182,451
no longer reported in 2023 (was €182,451)
- Other operating charges -€47,412
down €47,412 (-70.7%), from €67,106 to €19,693
- Financial charges -€31,066
down €31,066 (-45.9%), from €67,670 to €36,604
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,593,438 | €973,228 | -€3.6m | -78.8% |
| Fixed assets | 21/28 | €3,651,780 | €950,000 | -€2.7m | -74.0% |
| Tangible fixed assets | 22/27 | €2,701,780 | - | -€2.7m | |
| Land and buildings | 22 | €2,696,347 | - | -€2.7m | |
| Plant, machinery and equipment | 23 | €5,433 | - | -€5,433 | |
| Financial fixed assets | 28 | €950,000 | €950,000 | = | 0.0% |
| Current assets | 29/58 | €941,659 | €23,228 | -€918,431 | -97.5% |
| Amounts receivable within one year | 40/41 | €15,634 | €21,738 | +€6,104 | +39.0% |
| Trade receivables | 40 | - | €5,836 | +€5,836 | |
| Other amounts receivable | 41 | €15,634 | €15,902 | +€268 | +1.7% |
| Cash at bank and in hand | 54/58 | €926,025 | €1,490 | -€924,535 | -99.8% |
| Total equity and liabilities | 10/49 | €4,593,438 | €973,228 | -€3.6m | -78.8% |
| Equity | 10/15 | €294,414 | €678,988 | +€384,574 | +130.6% |
| Contributions | 10/11 | €303,792 | €61,500 | -€242,292 | -79.8% |
| Capital | 10 | €303,792 | €61,500 | -€242,292 | -79.8% |
| Issued capital | 100 | €303,792 | €61,500 | -€242,292 | -79.8% |
| Reserves | 13 | €31,056 | €31,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,056 | €31,056 | = | 0.0% |
| Legal reserve | 130 | €31,056 | €31,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,434 | €586,432 | +€626,866 | |
| Amounts payable | 17/49 | €4,299,024 | €294,240 | -€4.0m | -93.2% |
| Amounts payable within one year | 42/48 | €4,299,024 | €294,240 | -€4.0m | -93.2% |
| Current portion of amounts payable after more than one year | 42 | €2,649,600 | - | -€2.6m | |
| Financial debts | 43 | €65,318 | - | -€65,318 | |
| Credit institutions | 430/8 | €65,318 | - | -€65,318 | |
| Trade debts | 44 | €400,782 | €289,532 | -€111,250 | -27.8% |
| Suppliers | 440/4 | €400,782 | €289,532 | -€111,250 | -27.8% |
| Other amounts payable | 47/48 | €1,183,324 | €4,708 | -€1.2m | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,451 | - | -€182,451 | |
| Other operating charges | 640/8 | €67,106 | €19,693 | -€47,412 | -70.7% |
| Gross operating margin | 9900 | -€262,508 | €683,163 | +€945,671 | |
| Operating profit (loss) | 9901 | -€512,065 | €663,470 | +€1.2m | |
| Financial charges | 65/66B | €67,670 | €36,604 | -€31,066 | -45.9% |
| Recurring financial charges | 65 | €67,670 | €36,604 | -€31,066 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€579,735 | €626,866 | +€1.2m | |
| Profit (loss) for the period | 9904 | -€579,735 | €626,866 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€579,735 | €626,866 | +€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.