BINOT: 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.
BINOT
Largest movements
- Tangible fixed assets +€3.9m
up €3.9m (+319.5%), from €1.2m to €5.1m
of which Land and buildings: +€3.8m
- Intangible fixed assets +€2.6m
new in 2025: €2.6m
- Receivables within one year -€2.1m
down €2.1m (-94.8%), from €2.2m to €114,361
of which Other amounts receivable: -€2.1m
- Financial fixed assets +€135,953
up €135,953 (+7.3%), from €1.9m to €2.0m
- Debts after one year +€4.7m
up €4.7m (+191.3%), from €2.5m to €7.2m
of which Financial debts: +€4.6m
- Profit (loss) carried forward -€2.0m
down €2.0m (-1226.8%), from -€166,498 to -€2.2m
- Reserves +€1.9m
up €1.9m (+107.5%), from €1.7m to €3.6m
of which Tax-exempt reserves: +€3.3m
- Other debts -€670,800
down €670,800 (-69.2%), from €968,868 to €298,068
- Current portion of long-term debt +€417,493
up €417,493 (+198.7%), from €210,077 to €627,570
- Depreciation +€509,124
up €509,124 (+319.0%), from €159,617 to €668,741
- Financial charges +€117,402
up €117,402 (+210.5%), from €55,768 to €173,170
- Other operating charges +€50,259
up €50,259 (+247.2%), from €20,327 to €70,586
- Gross operating margin +€28,896
up €28,896 (+4.0%), from €723,907 to €752,803
- Financial income -€22,186
down €22,186 (-79.3%), from €27,960 to €5,774
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 | €5,260,259 | €9,827,684 | +€4.6m | +86.8% |
| Fixed assets | 21/28 | €3,057,837 | €9,688,582 | +€6.6m | +216.8% |
| Intangible fixed assets | 21 | - | €2,643,061 | +€2.6m | |
| Tangible fixed assets | 22/27 | €1,205,425 | €5,057,156 | +€3.9m | +319.5% |
| Land and buildings | 22 | €1,205,425 | €5,051,952 | +€3.8m | +319.1% |
| Plant, machinery and equipment | 23 | - | €3,184 | +€3,184 | |
| Furniture and vehicles | 24 | - | €2,020 | +€2,020 | |
| Financial fixed assets | 28 | €1,852,412 | €1,988,365 | +€135,953 | +7.3% |
| Current assets | 29/58 | €2,202,422 | €139,102 | -€2.1m | -93.7% |
| Amounts receivable within one year | 40/41 | €2,194,032 | €114,361 | -€2.1m | -94.8% |
| Trade receivables | 40 | €0 | €7,093 | +€7,093 | |
| Other amounts receivable | 41 | €2,194,032 | €107,269 | -€2.1m | -95.1% |
| Cash at bank and in hand | 54/58 | €7,345 | €20,610 | +€13,265 | +180.6% |
| Deferred charges and accrued income | 490/1 | €1,045 | €4,131 | +€3,086 | +295.5% |
| Total equity and liabilities | 10/49 | €5,260,259 | €9,827,684 | +€4.6m | +86.8% |
| Equity | 10/15 | €1,610,554 | €1,449,091 | -€161,463 | -10.0% |
| Contributions | 10/11 | €27,437 | €27,437 | +€0 | 0.0% |
| Reserves | 13 | €1,749,616 | €3,630,702 | +€1.9m | +107.5% |
| Tax-exempt reserves | 132 | €18,750 | €3,337,029 | +€3.3m | +17697.5% |
| Distributable reserves | 133 | €1,730,866 | €293,673 | -€1.4m | -83.0% |
| Profit (loss) carried forward | 14 | -€166,498 | -€2,209,049 | -€2.0m | -1226.8% |
| Provisions and deferred taxes | 16 | €4,476 | €228,057 | +€223,581 | +4995.0% |
| Provisions for liabilities and charges | 160/5 | €4,476 | €2,984 | -€1,492 | -33.3% |
| Pensions and similar obligations | 160 | €4,476 | €2,984 | -€1,492 | -33.3% |
| Deferred taxes | 168 | - | €225,073 | +€225,073 | |
| Amounts payable | 17/49 | €3,645,229 | €8,150,537 | +€4.5m | +123.6% |
| Amounts payable after more than one year | 17 | €2,460,134 | €7,165,446 | +€4.7m | +191.3% |
| Financial debts | 170/4 | €2,460,134 | €7,062,152 | +€4.6m | +187.1% |
| Other amounts payable | 178/9 | - | €103,294 | +€103,294 | |
| Amounts payable within one year | 42/48 | €1,184,415 | €982,232 | -€202,183 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €210,077 | €627,570 | +€417,493 | +198.7% |
| Trade debts | 44 | €5,006 | €38,364 | +€33,358 | +666.3% |
| Suppliers | 440/4 | €5,006 | €38,364 | +€33,358 | +666.3% |
| Taxes, remuneration and social security | 45 | €464 | €18,230 | +€17,766 | +3830.8% |
| Taxes | 450/3 | €464 | €18,230 | +€17,766 | +3830.8% |
| Other amounts payable | 47/48 | €968,868 | €298,068 | -€670,800 | -69.2% |
| Accrued charges and deferred income | 492/3 | €680 | €2,859 | +€2,179 | +320.5% |
| Non-recurring operating income | 76A | - | €24,624 | +€24,624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,617 | €668,741 | +€509,124 | +319.0% |
| Other operating charges | 640/8 | €20,327 | €70,586 | +€50,259 | +247.2% |
| Gross operating margin | 9900 | €723,907 | €752,803 | +€28,896 | +4.0% |
| Operating profit (loss) | 9901 | €543,963 | €13,476 | -€530,487 | -97.5% |
| Financial income | 75/76B | €27,960 | €5,774 | -€22,186 | -79.3% |
| Recurring financial income | 75 | €27,960 | €5,774 | -€22,186 | -79.3% |
| Financial charges | 65/66B | €55,768 | €173,170 | +€117,402 | +210.5% |
| Recurring financial charges | 65 | €55,768 | €173,170 | +€117,402 | +210.5% |
| Profit (loss) for the period before taxes | 9903 | €516,155 | -€153,920 | -€670,075 | |
| Transfer from deferred taxes | 780 | €1,492 | €9,579 | +€8,087 | +542.0% |
| Income taxes | 67/77 | - | €17,122 | +€17,122 | |
| Profit (loss) for the period | 9904 | €517,647 | -€161,463 | -€679,110 | |
| Transfer from tax-exempt reserves | 789 | - | €24,262 | +€24,262 | |
| Transfer to tax-exempt reserves | 689 | - | €699,480 | +€699,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €517,647 | -€836,681 | -€1.4m |
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 6 October 2026 via checked.be.