BINOLA: 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.
BINOLA
Largest movements
- Financial fixed assets +€10.1m
up €10.1m (+36.7%), from €27.6m to €37.7m
- Cash -€2.2m
down €2.2m (-77.7%), from €2.8m to €622,028
mainly Investment in fixed assets (net) (-€10.1m) and Contributions, distributions and other (-€1.0m)
- Current investments +€898,370
up €898,370 (+10.6%), from €8.5m to €9.4m
- Receivables within one year +€740,000
new in 2025: €740,000
- Reserves +€10.9m
up €10.9m (+122.1%), from €8.9m to €19.8m
of which Distributable reserves: +€10.0m
- Profit (loss) carried forward -€7.5m
down €7.5m (-37.3%), from €20.2m to €12.6m
- Other debts +€6.6m
up €6.6m (+97.1%), from €6.8m to €13.5m
- Financial income +€442,492
up €442,492 (+10.9%), from €4.1m to €4.5m
- Gross operating margin -€51,454
down €51,454 (-296.1%), from -€17,378 to -€68,832
- Financial charges -€4,014
down €4,014 (-10.5%), from €38,106 to €34,092
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 | €39,013,585 | €48,851,445 | +€9.8m | +25.2% |
| Fixed assets | 21/28 | €27,553,480 | €37,665,053 | +€10.1m | +36.7% |
| Financial fixed assets | 28 | €27,553,480 | €37,665,053 | +€10.1m | +36.7% |
| Current assets | 29/58 | €11,460,105 | €11,186,393 | -€273,712 | -2.4% |
| Amounts receivable within one year | 40/41 | - | €740,000 | +€740,000 | |
| Other amounts receivable | 41 | - | €740,000 | +€740,000 | |
| Current investments | 50/53 | €8,463,250 | €9,361,620 | +€898,370 | +10.6% |
| Cash at bank and in hand | 54/58 | €2,787,705 | €622,028 | -€2.2m | -77.7% |
| Deferred charges and accrued income | 490/1 | €209,149 | €462,745 | +€253,596 | +121.3% |
| Total equity and liabilities | 10/49 | €39,013,585 | €48,851,445 | +€9.8m | +25.2% |
| Equity | 10/15 | €31,352,660 | €34,732,043 | +€3.4m | +10.8% |
| Contributions | 10/11 | €2,275,000 | €2,275,000 | = | 0.0% |
| Capital | 10 | €2,275,000 | €2,275,000 | = | 0.0% |
| Issued capital | 100 | €2,275,000 | €2,275,000 | = | 0.0% |
| Reserves | 13 | €8,924,619 | €19,822,989 | +€10.9m | +122.1% |
| Non-distributable reserves | 130/1 | €8,924,619 | €9,822,989 | +€898,370 | +10.1% |
| Legal reserve | 130 | €227,500 | €227,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €233,869 | €233,869 | = | 0.0% |
| Own shares acquired | 1312 | €8,463,250 | €9,361,620 | +€898,370 | +10.6% |
| Distributable reserves | 133 | - | €10,000,000 | +€10.0m | |
| Profit (loss) carried forward | 14 | €20,153,041 | €12,634,055 | -€7.5m | -37.3% |
| Amounts payable | 17/49 | €7,660,925 | €14,119,402 | +€6.5m | +84.3% |
| Amounts payable after more than one year | 17 | €627,014 | €427,426 | -€199,588 | -31.8% |
| Financial debts | 170/4 | €627,014 | €427,426 | -€199,588 | -31.8% |
| Amounts payable within one year | 42/48 | €7,033,911 | €13,691,976 | +€6.7m | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €190,727 | €199,588 | +€8,861 | +4.6% |
| Trade debts | 44 | - | €7,210 | +€7,210 | |
| Suppliers | 440/4 | - | €7,210 | +€7,210 | |
| Taxes, remuneration and social security | 45 | €1,981 | €3,819 | +€1,837 | +92.7% |
| Taxes | 450/3 | €1,981 | €3,819 | +€1,837 | +92.7% |
| Other amounts payable | 47/48 | €6,841,203 | €13,481,358 | +€6.6m | +97.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€17,378 | -€68,832 | -€51,454 | -296.1% |
| Operating profit (loss) | 9901 | -€18,346 | -€69,830 | -€51,485 | -280.6% |
| Financial income | 75/76B | €4,074,154 | €4,516,646 | +€442,492 | +10.9% |
| Recurring financial income | 75 | €4,074,154 | €4,516,646 | +€442,492 | +10.9% |
| Financial charges | 65/66B | €38,106 | €34,092 | -€4,014 | -10.5% |
| Recurring financial charges | 65 | €38,106 | €34,092 | -€4,014 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €4,017,703 | €4,412,723 | +€395,020 | +9.8% |
| Income taxes | 67/77 | €4,472 | €4,208 | -€263 | -5.9% |
| Profit (loss) for the period | 9904 | €4,013,231 | €4,408,515 | +€395,284 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,013,231 | €4,408,515 | +€395,284 | +9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.