BINKVM: 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.
BINKVM
Largest movements
- Cash -€71,445
down €71,445 (-50.4%), from €141,783 to €70,338
mainly Receivables within one year (-€53,717) and Trade debts (-€42,347)
- Receivables within one year +€53,717
up €53,717 (+32.8%), from €163,966 to €217,683
of which Trade receivables: +€56,022
- Tangible fixed assets -€23,057
down €23,057 (-5.8%), from €396,726 to €373,669
of which Land and buildings: -€16,570
- Trade debts -€42,347
down €42,347 (-66.8%), from €63,362 to €21,015
- Profit (loss) carried forward +€23,103
up €23,103 (+14.6%), from €158,553 to €181,656
- Debts after one year -€20,298
down €20,298 (-6.3%), from €323,599 to €303,301
- Tax, wage and social debts -€19,586
down €19,586 (-16.7%), from €117,037 to €97,450
of which Taxes: -€15,707
- Other debts +€17,089
up €17,089 (+97.9%), from €17,457 to €34,546
- Gross operating margin -€26,089
down €26,089 (-5.0%), from €526,466 to €500,377
- Taxes -€23,040
down €23,040 (-66.4%), from €34,713 to €11,674
- Staff costs -€18,234
down €18,234 (-4.0%), from €450,311 to €432,077
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 | €708,032 | €666,338 | -€41,694 | -5.9% |
| Fixed assets | 21/28 | €396,726 | €373,669 | -€23,057 | -5.8% |
| Tangible fixed assets | 22/27 | €396,726 | €373,669 | -€23,057 | -5.8% |
| Land and buildings | 22 | €377,925 | €361,355 | -€16,570 | -4.4% |
| Plant, machinery and equipment | 23 | €2,059 | €1,849 | -€210 | -10.2% |
| Furniture and vehicles | 24 | €16,742 | €10,465 | -€6,277 | -37.5% |
| Current assets | 29/58 | €311,307 | €292,669 | -€18,637 | -6.0% |
| Amounts receivable within one year | 40/41 | €163,966 | €217,683 | +€53,717 | +32.8% |
| Trade receivables | 40 | €157,961 | €213,984 | +€56,022 | +35.5% |
| Other amounts receivable | 41 | €6,005 | €3,700 | -€2,305 | -38.4% |
| Cash at bank and in hand | 54/58 | €141,783 | €70,338 | -€71,445 | -50.4% |
| Deferred charges and accrued income | 490/1 | €5,557 | €4,648 | -€910 | -16.4% |
| Total equity and liabilities | 10/49 | €708,032 | €666,338 | -€41,694 | -5.9% |
| Equity | 10/15 | €166,613 | €189,716 | +€23,103 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,553 | €181,656 | +€23,103 | +14.6% |
| Amounts payable | 17/49 | €541,419 | €476,622 | -€64,797 | -12.0% |
| Amounts payable after more than one year | 17 | €323,599 | €303,301 | -€20,298 | -6.3% |
| Financial debts | 170/4 | €323,599 | €303,301 | -€20,298 | -6.3% |
| Amounts payable within one year | 42/48 | €217,820 | €173,310 | -€44,511 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €19,964 | €20,298 | +€334 | +1.7% |
| Trade debts | 44 | €63,362 | €21,015 | -€42,347 | -66.8% |
| Suppliers | 440/4 | €63,362 | €21,015 | -€42,347 | -66.8% |
| Taxes, remuneration and social security | 45 | €117,037 | €97,450 | -€19,586 | -16.7% |
| Taxes | 450/3 | €55,180 | €39,474 | -€15,707 | -28.5% |
| Remuneration and social security | 454/9 | €61,856 | €57,977 | -€3,880 | -6.3% |
| Other amounts payable | 47/48 | €17,457 | €34,546 | +€17,089 | +97.9% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €450,311 | €432,077 | -€18,234 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,889 | €23,057 | +€3,167 | +15.9% |
| Other operating charges | 640/8 | €9,054 | €5,518 | -€3,536 | -39.1% |
| Gross operating margin | 9900 | €526,466 | €500,377 | -€26,089 | -5.0% |
| Operating profit (loss) | 9901 | €47,211 | €39,725 | -€7,486 | -15.9% |
| Financial income | 75/76B | €1 | €429 | +€427 | +33,917% |
| Recurring financial income | 75 | €1 | €429 | +€427 | +33,917% |
| Financial charges | 65/66B | €6,519 | €5,377 | -€1,142 | -17.5% |
| Recurring financial charges | 65 | €6,519 | €5,377 | -€1,142 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €40,693 | €34,777 | -€5,917 | -14.5% |
| Income taxes | 67/77 | €34,713 | €11,674 | -€23,040 | -66.4% |
| Profit (loss) for the period | 9904 | €5,980 | €23,103 | +€17,123 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €5,980 | €23,103 | +€17,123 | +286% |
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 17 October 2026 via checked.be.