BINOLUX: 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.
What changed
BINOLUX
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€91,504
2024 · -€130,953+€39,449
Equity
€514,879
2024 · €606,383-€91,504
Cash
€105,341
2024 · €202,536-€97,195
Balance sheet total
€1.8m
2024 · €2.1m-€296,082
Largest movements
Assets
- Stocks and contracts -€163,629
down €163,629 (-40.4%), from €405,253 to €241,624
- Cash -€97,195
down €97,195 (-48.0%), from €202,536 to €105,341
mainly Debts after one year (-€220,615) and Net result for the year (-€91,504)
- Tangible fixed assets -€31,964
down €31,964 (-2.2%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€30,559
Equity and liabilities
- Debts after one year -€220,615
down €220,615 (-15.9%), from €1.4m to €1.2m
- Profit (loss) carried forward -€89,710
down €89,710 (-52.3%), from -€171,528 to -€261,238
Income statement
- Other operating charges -€22,122
down €22,122 (-59.2%), from €37,398 to €15,276
- Financial charges -€18,941
down €18,941 (-19.5%), from €97,140 to €78,199
- Gross operating margin -€2,781
down €2,781 (-4.1%), from €67,204 to €64,423
- Depreciation +€1,824
up €1,824 (+3.0%), from €61,405 to €63,230
- Financial income -€790
down €790 (-85.9%), from €920 to €130
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.
Result 2024
-€130,953
Gross operating margin
-€2,781
Depreciation
-€1,824
Other operating charges
+€22,122
Other operating items
+€3,630
Financial income
-€790
Financial charges
+€18,941
Taxes
+€152
Result 2025
-€91,504
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.
From operations
+€149,109
Investment
-€30,285
Financing
-€216,018
Cash 2024
€202,536
From operations (derived)
+€149,109
Net result for the year
-€91,504
Depreciation
+€63,230
Stocks and contracts
+€163,629
Receivables within one year
+€2,275
Smaller working-capital items
+€247
Provisions
-€753
Tax, wage and social debts
+€20,538
Advances received
+€1,460
Other debts
-€10,011
Investment (derived)
-€30,285
Investment in fixed assets (net)
-€30,285
Financing
-€216,018
Debts after one year
-€220,615
Current portion of long-term debt
+€4,596
Cash 2025
€105,341
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,145,528 | €1,849,446 | -€296,082 | -13.8% |
| Fixed assets | 21/28 | €1,482,502 | €1,449,557 | -€32,944 | -2.2% |
| Intangible fixed assets | 21 | €3,490 | €2,510 | -€980 | -28.1% |
| Tangible fixed assets | 22/27 | €1,479,011 | €1,447,047 | -€31,964 | -2.2% |
| Land and buildings | 22 | €1,278,308 | €1,276,903 | -€1,405 | -0.1% |
| Plant, machinery and equipment | 23 | €200,703 | €170,144 | -€30,559 | -15.2% |
| Current assets | 29/58 | €663,026 | €399,888 | -€263,138 | -39.7% |
| Stocks and contracts in progress | 3 | €405,253 | €241,624 | -€163,629 | -40.4% |
| Stocks | 30/36 | €405,253 | €241,624 | -€163,629 | -40.4% |
| Amounts receivable within one year | 40/41 | €55,198 | €52,923 | -€2,275 | -4.1% |
| Trade receivables | 40 | €13,020 | €11,608 | -€1,411 | -10.8% |
| Other amounts receivable | 41 | €42,178 | €41,315 | -€864 | -2.0% |
| Cash at bank and in hand | 54/58 | €202,536 | €105,341 | -€97,195 | -48.0% |
| Deferred charges and accrued income | 490/1 | €39 | €0 | -€39 | -100.0% |
| Total equity and liabilities | 10/49 | €2,145,528 | €1,849,446 | -€296,082 | -13.8% |
| Equity | 10/15 | €606,383 | €514,879 | -€91,504 | -15.1% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Revaluation surpluses | 12 | €408,374 | €407,207 | -€1,167 | -0.3% |
| Reserves | 13 | €239,393 | €238,766 | -€627 | -0.3% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,116 | €43,322 | -€1,794 | -4.0% |
| Distributable reserves | 133 | €181,262 | €182,429 | +€1,167 | +0.6% |
| Profit (loss) carried forward | 14 | -€171,528 | -€261,238 | -€89,710 | -52.3% |
| Provisions and deferred taxes | 16 | €17,330 | €16,576 | -€753 | -4.3% |
| Deferred taxes | 168 | €17,330 | €16,576 | -€753 | -4.3% |
| Amounts payable | 17/49 | €1,521,815 | €1,317,991 | -€203,824 | -13.4% |
| Amounts payable after more than one year | 17 | €1,389,892 | €1,169,278 | -€220,615 | -15.9% |
| Financial debts | 170/4 | €1,389,892 | €1,169,278 | -€220,615 | -15.9% |
| Amounts payable within one year | 42/48 | €131,486 | €148,360 | +€16,874 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €80,190 | €84,786 | +€4,596 | +5.7% |
| Trade debts | 44 | €167 | €458 | +€291 | +174.6% |
| Suppliers | 440/4 | €167 | €458 | +€291 | +174.6% |
| Advances received on contracts in progress | 46 | €540 | €2,000 | +€1,460 | +270.4% |
| Taxes, remuneration and social security | 45 | €40,578 | €61,115 | +€20,538 | +50.6% |
| Taxes | 450/3 | €40,578 | €61,115 | +€20,538 | +50.6% |
| Other amounts payable | 47/48 | €10,011 | €0 | -€10,011 | -100.0% |
| Accrued charges and deferred income | 492/3 | €437 | €353 | -€84 | -19.2% |
| Non-recurring operating income | 76A | €496 | €0 | -€496 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,405 | €63,230 | +€1,824 | +3.0% |
| Other operating charges | 640/8 | €37,398 | €15,276 | -€22,122 | -59.2% |
| Non-recurring operating charges | 66A | €3,630 | €0 | -€3,630 | -100.0% |
| Gross operating margin | 9900 | €67,204 | €64,423 | -€2,781 | -4.1% |
| Operating profit (loss) | 9901 | -€35,229 | -€14,083 | +€21,146 | +60.0% |
| Financial income | 75/76B | €920 | €130 | -€790 | -85.9% |
| Recurring financial income | 75 | €920 | €130 | -€790 | -85.9% |
| Financial charges | 65/66B | €97,140 | €78,199 | -€18,941 | -19.5% |
| Recurring financial charges | 65 | €97,140 | €78,199 | -€18,941 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€131,449 | -€92,152 | +€39,297 | +29.9% |
| Transfer from deferred taxes | 780 | €753 | €753 | = | 0.0% |
| Income taxes | 67/77 | €257 | €106 | -€152 | -59.0% |
| Profit (loss) for the period | 9904 | -€130,953 | -€91,504 | +€39,449 | +30.1% |
| Transfer from tax-exempt reserves | 789 | €1,794 | €1,794 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,159 | -€89,710 | +€39,449 | +30.5% |
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 10 October 2026 via checked.be.