Binst Breeding & Selection: what changed
What changed
Binst Breeding & Selection
NACE 46.381, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€273,788
2024 · €282,008-€8,220
Equity
€3.2m
2024 · €3.0m+€273,788
Cash
€2.0m
2024 · €997,416+€998,325
Balance sheet total
€6.0m
2024 · €5.6m+€472,949
Largest movements
Assets
- Cash +€998,325
up €998,325 (+100%), from €997,416 to €2.0m
mainly Net result for the year (+€273,788) and Trade debts (+€263,349)
- Current investments -€250,000
down €250,000 (-11.1%), from €2.3m to €2.0m
- Receivables within one year -€174,661
down €174,661 (-45.5%), from €384,128 to €209,467
of which Other amounts receivable: -€256,287
- Tangible fixed assets -€94,491
down €94,491 (-5.0%), from €1.9m to €1.8m
of which Land and buildings: -€106,050
Equity and liabilities
- Reserves +€273,788
up €273,788 (+9.5%), from €2.9m to €3.2m
of which Distributable reserves: +€356,659
- Trade debts +€263,349
up €263,349 (+69.4%), from €379,512 to €642,861
Income statement
- Gross operating margin -€91,186
down €91,186 (-6.4%), from €1.4m to €1.3m
- Staff costs -€73,860
down €73,860 (-10.8%), from €685,745 to €611,885
- Financial income +€15,857
up €15,857 (+605%), from €2,623 to €18,480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€282,008
Gross operating margin
-€91,186
Staff costs
+€73,860
Depreciation
-€2,444
Other operating charges
-€673
Financial income
+€15,857
Financial charges
-€7,247
Taxes
+€3,613
Result 2025
€273,788
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€894,896
Investment
+€154,033
Financing
-€50,604
Cash 2024
€997,416
From operations (derived)
+€894,896
Net result for the year
+€273,788
Depreciation
+€193,355
Stocks and contracts
+€4,941
Receivables within one year
+€174,661
Deferred charges and accrued income
-€1,614
Provisions
-€27,624
Trade debts
+€263,349
Tax, wage and social debts
+€9,773
Advances received
+€7,436
Accrued charges and deferred income
-€3,170
Investment (derived)
+€154,033
Investment in fixed assets (net)
-€95,967
Current investments
+€250,000
Financing
-€50,604
Debts after one year
-€51,638
Current portion of long-term debt
+€1,034
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,551,102 | €6,024,051 | +€472,949 | +8.5% |
| Fixed assets | 21/28 | €1,904,499 | €1,807,111 | -€97,388 | -5.1% |
| Tangible fixed assets | 22/27 | €1,876,602 | €1,782,111 | -€94,491 | -5.0% |
| Land and buildings | 22 | €1,630,662 | €1,524,611 | -€106,050 | -6.5% |
| Plant, machinery and equipment | 23 | €111,891 | €66,395 | -€45,496 | -40.7% |
| Furniture and vehicles | 24 | €134,049 | €191,104 | +€57,055 | +42.6% |
| Financial fixed assets | 28 | €27,897 | €25,000 | -€2,897 | -10.4% |
| Current assets | 29/58 | €3,646,603 | €4,216,941 | +€570,337 | +15.6% |
| Stocks and contracts in progress | 3 | €15,060 | €10,119 | -€4,941 | -32.8% |
| Stocks | 30/36 | €15,060 | €10,119 | -€4,941 | -32.8% |
| Amounts receivable within one year | 40/41 | €384,128 | €209,467 | -€174,661 | -45.5% |
| Trade receivables | 40 | €112,734 | €194,360 | +€81,626 | +72.4% |
| Other amounts receivable | 41 | €271,394 | €15,107 | -€256,287 | -94.4% |
| Current investments | 50/53 | €2,250,000 | €2,000,000 | -€250,000 | -11.1% |
| Cash at bank and in hand | 54/58 | €997,416 | €1,995,741 | +€998,325 | +100% |
| Deferred charges and accrued income | 490/1 | - | €1,614 | +€1,614 | |
| Total equity and liabilities | 10/49 | €5,551,102 | €6,024,051 | +€472,949 | +8.5% |
| Equity | 10/15 | €2,952,397 | €3,226,185 | +€273,788 | +9.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,890,397 | €3,164,185 | +€273,788 | +9.5% |
| Non-distributable reserves | 130/1 | €70,500 | €70,500 | = | 0.0% |
| Legal reserve | 130 | €70,500 | €70,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €750,423 | €667,552 | -€82,871 | -11.0% |
| Distributable reserves | 133 | €2,069,474 | €2,426,133 | +€356,659 | +17.2% |
| Provisions and deferred taxes | 16 | €250,141 | €222,517 | -€27,624 | -11.0% |
| Deferred taxes | 168 | €250,141 | €222,517 | -€27,624 | -11.0% |
| Amounts payable | 17/49 | €2,348,564 | €2,575,349 | +€226,785 | +9.7% |
| Amounts payable after more than one year | 17 | €1,827,275 | €1,775,637 | -€51,638 | -2.8% |
| Financial debts | 170/4 | €827,275 | €1,775,637 | +€948,362 | +115% |
| Other amounts payable | 178/9 | €1,000,000 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €517,659 | €799,251 | +€281,593 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €50,604 | €51,638 | +€1,034 | +2.0% |
| Trade debts | 44 | €379,512 | €642,861 | +€263,349 | +69.4% |
| Suppliers | 440/4 | €379,512 | €642,861 | +€263,349 | +69.4% |
| Advances received on contracts in progress | 46 | €16,718 | €24,154 | +€7,436 | +44.5% |
| Taxes, remuneration and social security | 45 | €70,824 | €80,598 | +€9,773 | +13.8% |
| Taxes | 450/3 | €1,858 | €3,445 | +€1,587 | +85.4% |
| Remuneration and social security | 454/9 | €68,966 | €77,153 | +€8,186 | +11.9% |
| Accrued charges and deferred income | 492/3 | €3,630 | €460 | -€3,170 | -87.3% |
| Non-recurring operating income | 76A | €15,000 | €0 | -€15,000 | -100% |
| Remuneration, social security and pensions | 62 | €685,745 | €611,885 | -€73,860 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,911 | €193,355 | +€2,444 | +1.3% |
| Other operating charges | 640/8 | €25,448 | €26,121 | +€673 | +2.6% |
| Gross operating margin | 9900 | €1,421,064 | €1,329,878 | -€91,186 | -6.4% |
| Operating profit (loss) | 9901 | €518,960 | €498,517 | -€20,443 | -3.9% |
| Financial income | 75/76B | €2,623 | €18,480 | +€15,857 | +605% |
| Recurring financial income | 75 | €2,623 | €18,480 | +€15,857 | +605% |
| Financial charges | 65/66B | €94,596 | €101,843 | +€7,247 | +7.7% |
| Recurring financial charges | 65 | €94,596 | €101,843 | +€7,247 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €426,986 | €415,154 | -€11,833 | -2.8% |
| Transfer from deferred taxes | 780 | €27,624 | €27,624 | = | 0.0% |
| Income taxes | 67/77 | €172,602 | €168,989 | -€3,613 | -2.1% |
| Profit (loss) for the period | 9904 | €282,008 | €273,788 | -€8,220 | -2.9% |
| Transfer from tax-exempt reserves | 789 | €82,871 | €82,871 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €364,879 | €356,659 | -€8,220 | -2.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.