BINVEST TRADERS: 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 TRADERS
Largest movements
- Current investments -€90,919
down €90,919 (-90.9%), from €100,000 to €9,081
- Stocks and contracts -€58,454
down €58,454 (-35.1%), from €166,747 to €108,293
- Receivables within one year +€53,153
up €53,153 (+86.5%), from €61,466 to €114,619
of which Trade receivables: +€52,124
- Tangible fixed assets -€28,882
down €28,882 (-24.7%), from €117,002 to €88,120
of which Furniture and vehicles: -€22,288
- Cash -€28,287
down €28,287 (-38.7%), from €73,100 to €44,813
mainly Trade debts (-€127,457) and Other debts (-€56,990)
- Trade debts -€127,457
down €127,457 (-80.8%), from €157,767 to €30,310
- Reserves +€62,496
up €62,496 (+32.4%), from €192,856 to €255,352
- Other debts -€56,990
down €56,990 (-83.2%), from €68,475 to €11,485
- Tax, wage and social debts -€25,862
down €25,862 (-37.4%), from €69,163 to €43,301
of which Taxes: -€28,063
- Debts after one year -€15,744
down €15,744 (-42.1%), from €37,380 to €21,636
- Staff costs +€21,450
up €21,450 (+75.0%), from €28,600 to €50,050
- Gross operating margin +€16,489
up €16,489 (+9.4%), from €176,251 to €192,740
- Financial income +€7,977
up €7,977 (+990.6%), from €805 to €8,782
- Taxes +€5,008
up €5,008 (+20.0%), from €24,995 to €30,003
- Depreciation +€3,041
up €3,041 (+9.1%), from €33,319 to €36,359
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 | €541,794 | €378,827 | -€162,967 | -30.1% |
| Fixed assets | 21/28 | €124,088 | €93,889 | -€30,199 | -24.3% |
| Intangible fixed assets | 21 | €3,416 | €2,099 | -€1,317 | -38.5% |
| Tangible fixed assets | 22/27 | €117,002 | €88,120 | -€28,882 | -24.7% |
| Plant, machinery and equipment | 23 | €15,015 | €9,032 | -€5,983 | -39.8% |
| Furniture and vehicles | 24 | €97,222 | €74,933 | -€22,288 | -22.9% |
| Other tangible fixed assets | 26 | €4,765 | €4,155 | -€610 | -12.8% |
| Financial fixed assets | 28 | €3,670 | €3,670 | = | 0.0% |
| Current assets | 29/58 | €417,706 | €284,938 | -€132,768 | -31.8% |
| Stocks and contracts in progress | 3 | €166,747 | €108,293 | -€58,454 | -35.1% |
| Stocks | 30/36 | €166,747 | €108,293 | -€58,454 | -35.1% |
| Amounts receivable within one year | 40/41 | €61,466 | €114,619 | +€53,153 | +86.5% |
| Trade receivables | 40 | €61,292 | €113,416 | +€52,124 | +85.0% |
| Other amounts receivable | 41 | €174 | €1,203 | +€1,029 | +592.9% |
| Current investments | 50/53 | €100,000 | €9,081 | -€90,919 | -90.9% |
| Cash at bank and in hand | 54/58 | €73,100 | €44,813 | -€28,287 | -38.7% |
| Deferred charges and accrued income | 490/1 | €16,394 | €8,131 | -€8,262 | -50.4% |
| Total equity and liabilities | 10/49 | €541,794 | €378,827 | -€162,967 | -30.1% |
| Equity | 10/15 | €193,856 | €256,352 | +€62,496 | +32.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €192,856 | €255,352 | +€62,496 | +32.4% |
| Distributable reserves | 133 | €192,856 | €255,352 | +€62,496 | +32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €347,938 | €122,475 | -€225,463 | -64.8% |
| Amounts payable after more than one year | 17 | €37,380 | €21,636 | -€15,744 | -42.1% |
| Financial debts | 170/4 | €37,380 | €21,636 | -€15,744 | -42.1% |
| Amounts payable within one year | 42/48 | €310,558 | €100,839 | -€209,719 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €15,154 | €15,744 | +€590 | +3.9% |
| Trade debts | 44 | €157,767 | €30,310 | -€127,457 | -80.8% |
| Suppliers | 440/4 | €157,767 | €30,310 | -€127,457 | -80.8% |
| Taxes, remuneration and social security | 45 | €69,163 | €43,301 | -€25,862 | -37.4% |
| Taxes | 450/3 | €62,639 | €34,575 | -€28,063 | -44.8% |
| Remuneration and social security | 454/9 | €6,524 | €8,725 | +€2,201 | +33.7% |
| Other amounts payable | 47/48 | €68,475 | €11,485 | -€56,990 | -83.2% |
| Non-recurring operating income | 76A | €0 | €4,029 | +€4,029 | |
| Remuneration, social security and pensions | 62 | €28,600 | €50,050 | +€21,450 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,319 | €36,359 | +€3,041 | +9.1% |
| Other operating charges | 640/8 | €1,595 | €1,975 | +€380 | +23.9% |
| Gross operating margin | 9900 | €176,251 | €192,740 | +€16,489 | +9.4% |
| Operating profit (loss) | 9901 | €112,738 | €104,356 | -€8,382 | -7.4% |
| Financial income | 75/76B | €805 | €8,782 | +€7,977 | +990.6% |
| Recurring financial income | 75 | €805 | €8,782 | +€7,977 | +990.6% |
| Financial charges | 65/66B | €3,332 | €2,930 | -€401 | -12.0% |
| Recurring financial charges | 65 | €3,332 | €2,930 | -€401 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €110,211 | €110,207 | -€4 | 0.0% |
| Income taxes | 67/77 | €24,995 | €30,003 | +€5,008 | +20.0% |
| Profit (loss) for the period | 9904 | €85,216 | €80,205 | -€5,012 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,216 | €80,205 | -€5,012 | -5.9% |
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 5 October 2026 via checked.be.