BINOCULO: 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.
BINOCULO
Largest movements
- Cash +€54,469
up €54,469 (+70.3%), from €77,529 to €131,998
mainly Net result for the year (+€56,235) and Current investments (+€35,000)
- Current investments -€35,000
down €35,000 (-28.0%), from €125,000 to €90,000
- Other debts +€9,390
up €9,390 (+21.0%), from €44,780 to €54,170
- Reserves +€6,233
up €6,233 (+3.3%), from €187,315 to €193,548
- Gross operating margin +€7,531
up €7,531 (+11.0%), from €68,740 to €76,271
- Financial income +€2,891
up €2,891 (+151.1%), from €1,913 to €4,803
- Taxes +€2,470
up €2,470 (+12.2%), from €20,191 to €22,661
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 | €253,683 | €272,617 | +€18,934 | +7.5% |
| Fixed assets | 21/28 | €27,638 | €28,441 | +€803 | +2.9% |
| Tangible fixed assets | 22/27 | €27,638 | €28,441 | +€803 | +2.9% |
| Land and buildings | 22 | €23,971 | €23,600 | -€371 | -1.5% |
| Plant, machinery and equipment | 23 | €2,335 | €2,452 | +€118 | +5.0% |
| Furniture and vehicles | 24 | €342 | €1,525 | +€1,183 | +345.7% |
| Other tangible fixed assets | 26 | €990 | €864 | -€127 | -12.8% |
| Current assets | 29/58 | €226,045 | €244,176 | +€18,131 | +8.0% |
| Amounts receivable within one year | 40/41 | €23,320 | €21,592 | -€1,728 | -7.4% |
| Trade receivables | 40 | €16,335 | €21,592 | +€5,257 | +32.2% |
| Other amounts receivable | 41 | €6,985 | - | -€6,985 | |
| Current investments | 50/53 | €125,000 | €90,000 | -€35,000 | -28.0% |
| Cash at bank and in hand | 54/58 | €77,529 | €131,998 | +€54,469 | +70.3% |
| Deferred charges and accrued income | 490/1 | €196 | €585 | +€389 | +198.8% |
| Total equity and liabilities | 10/49 | €253,683 | €272,617 | +€18,934 | +7.5% |
| Equity | 10/15 | €193,515 | €199,748 | +€6,233 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €187,315 | €193,548 | +€6,233 | +3.3% |
| Distributable reserves | 133 | €187,315 | €193,548 | +€6,233 | +3.3% |
| Amounts payable | 17/49 | €60,168 | €72,869 | +€12,701 | +21.1% |
| Amounts payable within one year | 42/48 | €60,168 | €72,869 | +€12,701 | +21.1% |
| Trade debts | 44 | €4,420 | €6,105 | +€1,685 | +38.1% |
| Suppliers | 440/4 | €4,420 | €6,105 | +€1,685 | +38.1% |
| Taxes, remuneration and social security | 45 | €10,968 | €12,594 | +€1,626 | +14.8% |
| Taxes | 450/3 | €10,968 | €12,594 | +€1,626 | +14.8% |
| Other amounts payable | 47/48 | €44,780 | €54,170 | +€9,390 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €1,565 | +€283 | +22.0% |
| Other operating charges | 640/8 | €415 | €323 | -€92 | -22.2% |
| Non-recurring operating charges | 66A | - | €235 | +€235 | |
| Gross operating margin | 9900 | €68,740 | €76,271 | +€7,531 | +11.0% |
| Operating profit (loss) | 9901 | €67,043 | €74,149 | +€7,106 | +10.6% |
| Financial income | 75/76B | €1,913 | €4,803 | +€2,891 | +151.1% |
| Recurring financial income | 75 | €1,913 | €4,803 | +€2,891 | +151.1% |
| Financial charges | 65/66B | -€629 | €57 | +€685 | |
| Recurring financial charges | 65 | -€629 | €57 | +€685 | |
| Profit (loss) for the period before taxes | 9903 | €69,585 | €78,896 | +€9,311 | +13.4% |
| Income taxes | 67/77 | €20,191 | €22,661 | +€2,470 | +12.2% |
| Profit (loss) for the period | 9904 | €49,394 | €56,235 | +€6,841 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,394 | €56,235 | +€6,841 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.