BINH: 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.
BINH
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+44.5%), from €2.8m to €4.0m
of which Land and buildings: +€1.2m
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash -€101,265
down €101,265 (-35.6%), from €284,638 to €183,374
mainly Investment in fixed assets (net) (-€1.4m) and Net result for the year (-€93,453)
- Receivables within one year -€89,829
down €89,829 (-96.8%), from €92,827 to €2,999
of which Trade receivables: -€88,911
- Debts after one year +€551,699
up €551,699 (+71.1%), from €776,079 to €1.3m
of which Financial debts: +€551,329
- Reserves -€68,718
down €68,718 (-3.6%), from €1.9m to €1.9m
of which Tax-exempt reserves: -€68,718
- Other debts +€57,924
new in 2025: €57,924
- Depreciation +€76,186
up €76,186 (+83.1%), from €91,693 to €167,879
- Gross operating margin +€17,840
up €17,840 (+26.9%), from €66,225 to €84,065
- Financial charges +€10,226
up €10,226 (+44.9%), from €22,785 to €33,011
- Financial income -€9,039
down €9,039 (-63.6%), from €14,215 to €5,176
- Other operating charges +€7,094
up €7,094 (+94.1%), from €7,540 to €14,634
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 | €3,639,818 | €4,177,503 | +€537,686 | +14.8% |
| Fixed assets | 21/28 | €2,759,264 | €3,986,224 | +€1.2m | +44.5% |
| Tangible fixed assets | 22/27 | €2,759,264 | €3,986,224 | +€1.2m | +44.5% |
| Land and buildings | 22 | €2,716,329 | €3,907,075 | +€1.2m | +43.8% |
| Plant, machinery and equipment | 23 | €7,612 | €6,725 | -€886 | -11.6% |
| Furniture and vehicles | 24 | €35,323 | €72,424 | +€37,101 | +105.0% |
| Current assets | 29/58 | €880,553 | €191,279 | -€689,274 | -78.3% |
| Amounts receivable within one year | 40/41 | €92,827 | €2,999 | -€89,829 | -96.8% |
| Trade receivables | 40 | €90,484 | €1,573 | -€88,911 | -98.3% |
| Other amounts receivable | 41 | €2,343 | €1,426 | -€918 | -39.2% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €284,638 | €183,374 | -€101,265 | -35.6% |
| Deferred charges and accrued income | 490/1 | €3,088 | €4,907 | +€1,819 | +58.9% |
| Total equity and liabilities | 10/49 | €3,639,818 | €4,177,503 | +€537,686 | +14.8% |
| Equity | 10/15 | €2,192,969 | €2,099,517 | -€93,453 | -4.3% |
| Contributions | 10/11 | €25,106 | €25,106 | = | 0.0% |
| Reserves | 13 | €1,921,036 | €1,852,319 | -€68,718 | -3.6% |
| Non-distributable reserves | 130/1 | €21,340 | €21,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,340 | €21,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,840,618 | €1,771,900 | -€68,718 | -3.7% |
| Distributable reserves | 133 | €59,078 | €59,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,827 | €222,092 | -€24,735 | -10.0% |
| Provisions and deferred taxes | 16 | €613,531 | €580,796 | -€32,736 | -5.3% |
| Deferred taxes | 168 | €613,531 | €580,796 | -€32,736 | -5.3% |
| Amounts payable | 17/49 | €833,317 | €1,497,191 | +€663,874 | +79.7% |
| Amounts payable after more than one year | 17 | €776,079 | €1,327,778 | +€551,699 | +71.1% |
| Financial debts | 170/4 | €764,014 | €1,315,343 | +€551,329 | +72.2% |
| Other amounts payable | 178/9 | €12,065 | €12,435 | +€370 | +3.1% |
| Amounts payable within one year | 42/48 | €53,108 | €168,069 | +€114,961 | +216.5% |
| Current portion of amounts payable after more than one year | 42 | €51,540 | €89,631 | +€38,091 | +73.9% |
| Trade debts | 44 | €1,382 | €16,540 | +€15,158 | +1096.4% |
| Suppliers | 440/4 | €1,382 | €16,540 | +€15,158 | +1096.4% |
| Taxes, remuneration and social security | 45 | €186 | €3,974 | +€3,788 | +2038.8% |
| Taxes | 450/3 | €186 | €3,974 | +€3,788 | +2038.8% |
| Other amounts payable | 47/48 | - | €57,924 | +€57,924 | |
| Accrued charges and deferred income | 492/3 | €4,130 | €1,344 | -€2,786 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,693 | €167,879 | +€76,186 | +83.1% |
| Other operating charges | 640/8 | €7,540 | €14,634 | +€7,094 | +94.1% |
| Gross operating margin | 9900 | €66,225 | €84,065 | +€17,840 | +26.9% |
| Operating profit (loss) | 9901 | -€33,008 | -€98,448 | -€65,440 | -198.3% |
| Financial income | 75/76B | €14,215 | €5,176 | -€9,039 | -63.6% |
| Recurring financial income | 75 | €14,215 | €5,176 | -€9,039 | -63.6% |
| Financial charges | 65/66B | €22,785 | €33,011 | +€10,226 | +44.9% |
| Recurring financial charges | 65 | €22,785 | €33,011 | +€10,226 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,577 | -€126,283 | -€84,706 | -203.7% |
| Transfer from deferred taxes | 780 | €18,641 | €32,736 | +€14,094 | +75.6% |
| Income taxes | 67/77 | -€1,875 | -€94 | +€1,781 | +95.0% |
| Profit (loss) for the period | 9904 | -€21,061 | -€93,453 | -€72,392 | -343.7% |
| Transfer from tax-exempt reserves | 789 | €55,911 | €68,718 | +€12,806 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,851 | -€24,735 | -€59,586 |
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 12 October 2026 via checked.be.