Binvest: 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.
Binvest
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+44082.5%), from €3,811 to €1.7m
- Tangible fixed assets +€58,307
up €58,307 (+1108.3%), from €5,261 to €63,568
of which Other tangible fixed assets: +€58,809
- Debts after one year +€1.4m
up €1.4m (+7079.0%), from €20,267 to €1.5m
- Contributions +€300,000
up €300,000 (+176.8%), from €169,637 to €469,637
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Trade debts +€71,374
up €71,374 (+323.0%), from €22,094 to €93,468
- Profit (loss) carried forward +€61,749
up €61,749 (+16.9%), from -€366,261 to -€304,512
- Other operating charges +€7,511
up €7,511 (+320.1%), from €2,346 to €9,857
- Gross operating margin +€4,712
up €4,712 (+5.1%), from €93,085 to €97,797
- Depreciation -€1,871
down €1,871 (-62.0%), from €3,020 to €1,149
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 | €41,174 | €1,801,327 | +€1.8m | +4274.9% |
| Fixed assets | 21/28 | €9,679 | €1,747,379 | +€1.7m | +17953.7% |
| Intangible fixed assets | 21 | €607 | €0 | -€607 | -100.0% |
| Tangible fixed assets | 22/27 | €5,261 | €63,568 | +€58,307 | +1108.3% |
| Furniture and vehicles | 24 | €502 | €0 | -€502 | -100.0% |
| Other tangible fixed assets | 26 | €4,759 | €63,568 | +€58,809 | +1235.6% |
| Financial fixed assets | 28 | €3,811 | €1,683,811 | +€1.7m | +44082.5% |
| Current assets | 29/58 | €31,495 | €53,948 | +€22,453 | +71.3% |
| Amounts receivable within one year | 40/41 | €30,384 | €47,298 | +€16,913 | +55.7% |
| Trade receivables | 40 | €25,384 | €17,789 | -€7,595 | -29.9% |
| Other amounts receivable | 41 | €5,000 | €29,509 | +€24,509 | +490.2% |
| Cash at bank and in hand | 54/58 | €1,111 | €6,650 | +€5,539 | +498.6% |
| Total equity and liabilities | 10/49 | €41,174 | €1,801,327 | +€1.8m | +4274.9% |
| Equity | 10/15 | -€159,164 | €202,585 | +€361,749 | |
| Contributions | 10/11 | €169,637 | €469,637 | +€300,000 | +176.8% |
| Reserves | 13 | €37,460 | €37,460 | = | 0.0% |
| Distributable reserves | 133 | €37,460 | €37,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366,261 | -€304,512 | +€61,749 | +16.9% |
| Amounts payable | 17/49 | €200,338 | €1,598,742 | +€1.4m | +698.0% |
| Amounts payable after more than one year | 17 | €20,267 | €1,454,939 | +€1.4m | +7079.0% |
| Financial debts | 170/4 | €20,267 | €1,454,939 | +€1.4m | +7079.0% |
| Amounts payable within one year | 42/48 | €180,071 | €143,803 | -€36,268 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €16,220 | €40,328 | +€24,107 | +148.6% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €22,094 | €93,468 | +€71,374 | +323.0% |
| Suppliers | 440/4 | €22,094 | €93,468 | +€71,374 | +323.0% |
| Taxes, remuneration and social security | 45 | €4,970 | €10,007 | +€5,038 | +101.4% |
| Taxes | 450/3 | €4,970 | €10,007 | +€5,038 | +101.4% |
| Other amounts payable | 47/48 | €36,787 | €0 | -€36,787 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,020 | €1,149 | -€1,871 | -62.0% |
| Other operating charges | 640/8 | €2,346 | €9,857 | +€7,511 | +320.1% |
| Non-recurring operating charges | 66A | - | €11,919 | +€11,919 | |
| Gross operating margin | 9900 | €93,085 | €97,797 | +€4,712 | +5.1% |
| Operating profit (loss) | 9901 | €87,720 | €74,872 | -€12,847 | -14.6% |
| Financial income | 75/76B | €21 | €236 | +€216 | +1033.1% |
| Recurring financial income | 75 | €21 | €236 | +€216 | +1033.1% |
| Financial charges | 65/66B | €14,019 | €13,120 | -€899 | -6.4% |
| Recurring financial charges | 65 | €14,019 | €13,120 | -€899 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €73,721 | €61,989 | -€11,733 | -15.9% |
| Income taxes | 67/77 | €328 | €240 | -€88 | -26.8% |
| Profit (loss) for the period | 9904 | €73,393 | €61,749 | -€11,645 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,393 | €61,749 | -€11,645 | -15.9% |
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 7 October 2026 via checked.be.