Bipanema: 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.
Bipanema
Largest movements
- Financial fixed assets +€245,000
new in 2025: €245,000
- Cash -€224,529
down €224,529 (-81.3%), from €276,127 to €51,597
mainly Investment in fixed assets (net) (-€259,000) and Deferred charges and accrued income (-€3,139)
- Tangible fixed assets +€12,600
up €12,600, from €0 to €12,600
of which Furniture and vehicles: +€12,600
- Profit (loss) carried forward +€35,279
up €35,279 (+11.1%), from -€318,946 to -€283,667
- Trade debts +€4,148
up €4,148 (+139%), from €2,986 to €7,134
- Financial income +€7,648
new in 2025: €7,648
- Gross operating margin -€4,748
down €4,748 (-13.4%), from €35,394 to €30,646
- Write-downs +€479
no longer reported in 2025 (was -€479)
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.
Derived cash bridge
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 | €285,031 | €323,612 | +€38,581 | +13.5% |
| Fixed assets | 21/28 | €0 | €257,600 | +€257,600 | |
| Tangible fixed assets | 22/27 | €0 | €12,600 | +€12,600 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €12,600 | +€12,600 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €245,000 | +€245,000 | |
| Current assets | 29/58 | €285,031 | €66,012 | -€219,019 | -76.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,904 | €11,276 | +€2,371 | +26.6% |
| Trade receivables | 40 | €8,379 | €2,932 | -€5,447 | -65.0% |
| Other amounts receivable | 41 | €525 | €8,344 | +€7,819 | +1,489% |
| Cash at bank and in hand | 54/58 | €276,127 | €51,597 | -€224,529 | -81.3% |
| Deferred charges and accrued income | 490/1 | €0 | €3,139 | +€3,139 | |
| Total equity and liabilities | 10/49 | €285,031 | €323,612 | +€38,581 | +13.5% |
| Equity | 10/15 | €281,054 | €316,333 | +€35,279 | +12.6% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | - | €600,000 | +€600,000 | |
| Issued capital | 100 | - | €600,000 | +€600,000 | |
| Profit (loss) carried forward | 14 | -€318,946 | -€283,667 | +€35,279 | +11.1% |
| Amounts payable | 17/49 | €3,977 | €7,279 | +€3,302 | +83.0% |
| Amounts payable within one year | 42/48 | €3,977 | €7,279 | +€3,302 | +83.0% |
| Trade debts | 44 | €2,986 | €7,134 | +€4,148 | +139% |
| Suppliers | 440/4 | €2,986 | €7,134 | +€4,148 | +139% |
| Taxes, remuneration and social security | 45 | €991 | €146 | -€845 | -85.3% |
| Taxes | 450/3 | €991 | €146 | -€845 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €1,400 | +€314 | +28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€479 | - | +€479 | |
| Other operating charges | 640/8 | €1,246 | €1,037 | -€209 | -16.8% |
| Non-recurring operating charges | 66A | €7,814 | - | -€7,814 | |
| Gross operating margin | 9900 | €35,394 | €30,646 | -€4,748 | -13.4% |
| Operating profit (loss) | 9901 | €25,728 | €28,209 | +€2,482 | +9.6% |
| Financial income | 75/76B | - | €7,648 | +€7,648 | |
| Recurring financial income | 75 | - | €7,648 | +€7,648 | |
| Financial charges | 65/66B | €560 | €578 | +€18 | +3.3% |
| Recurring financial charges | 65 | €560 | €578 | +€18 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €25,168 | €35,279 | +€10,111 | +40.2% |
| Profit (loss) for the period | 9904 | €25,168 | €35,279 | +€10,111 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,168 | €35,279 | +€10,111 | +40.2% |
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 28 October 2026 via checked.be.