BIREN'S: 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.
BIREN'S
Largest movements
- Stocks and contracts +€140,013
up €140,013 (+151%), from €92,697 to €232,709
- Receivables within one year -€10,530
down €10,530 (-3.2%), from €328,749 to €318,219
of which Trade receivables: -€19,499
- Tangible fixed assets -€8,141
down €8,141 (-12.7%), from €63,903 to €55,763
of which Furniture and vehicles: -€12,541
- Trade debts +€107,770
up €107,770 (+34.9%), from €309,170 to €416,940
- Debts after one year -€15,531
down €15,531 (-49.0%), from €31,709 to €16,177
- Tax, wage and social debts +€11,320
up €11,320 (+277%), from €4,087 to €15,407
of which Remuneration and social security: +€9,790
- Other debts +€7,651
up €7,651 (+47.8%), from €15,999 to €23,650
- Gross operating margin -€58,664
down €58,664 (-28.8%), from €203,896 to €145,232
- Taxes -€7,839
down €7,839 (-56.6%), from €13,839 to €6,000
- Financial charges -€2,370
down €2,370 (-70.3%), from €3,371 to €1,001
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 | €550,897 | €663,812 | +€112,915 | +20.5% |
| Fixed assets | 21/28 | €80,055 | €70,475 | -€9,580 | -12.0% |
| Intangible fixed assets | 21 | €11,732 | €10,292 | -€1,439 | -12.3% |
| Tangible fixed assets | 22/27 | €63,903 | €55,763 | -€8,141 | -12.7% |
| Plant, machinery and equipment | 23 | - | €4,400 | +€4,400 | |
| Furniture and vehicles | 24 | €63,903 | €51,363 | -€12,541 | -19.6% |
| Financial fixed assets | 28 | €4,420 | €4,420 | = | 0.0% |
| Current assets | 29/58 | €470,842 | €593,337 | +€122,495 | +26.0% |
| Stocks and contracts in progress | 3 | €92,697 | €232,709 | +€140,013 | +151% |
| Stocks | 30/36 | €92,697 | €232,709 | +€140,013 | +151% |
| Amounts receivable within one year | 40/41 | €328,749 | €318,219 | -€10,530 | -3.2% |
| Trade receivables | 40 | €308,394 | €288,895 | -€19,499 | -6.3% |
| Other amounts receivable | 41 | €20,355 | €29,324 | +€8,969 | +44.1% |
| Cash at bank and in hand | 54/58 | €47,692 | €42,409 | -€5,283 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,704 | - | -€1,704 | |
| Total equity and liabilities | 10/49 | €550,897 | €663,812 | +€112,915 | +20.5% |
| Equity | 10/15 | €173,695 | €174,396 | +€701 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,235 | €153,936 | +€701 | +0.5% |
| Amounts payable | 17/49 | €377,202 | €489,416 | +€112,214 | +29.7% |
| Amounts payable after more than one year | 17 | €31,709 | €16,177 | -€15,531 | -49.0% |
| Financial debts | 170/4 | €31,709 | €16,177 | -€15,531 | -49.0% |
| Amounts payable within one year | 42/48 | €345,494 | €471,528 | +€126,034 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €16,237 | €15,531 | -€706 | -4.3% |
| Trade debts | 44 | €309,170 | €416,940 | +€107,770 | +34.9% |
| Suppliers | 440/4 | €309,170 | €416,940 | +€107,770 | +34.9% |
| Taxes, remuneration and social security | 45 | €4,087 | €15,407 | +€11,320 | +277% |
| Taxes | 450/3 | €1,186 | €2,716 | +€1,529 | +129% |
| Remuneration and social security | 454/9 | €2,901 | €12,691 | +€9,790 | +337% |
| Other amounts payable | 47/48 | €15,999 | €23,650 | +€7,651 | +47.8% |
| Accrued charges and deferred income | 492/3 | - | €1,711 | +€1,711 | |
| Remuneration, social security and pensions | 62 | €113,129 | €114,435 | +€1,307 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,463 | €21,674 | +€1,211 | +5.9% |
| Other operating charges | 640/8 | €2,302 | €1,452 | -€850 | -36.9% |
| Gross operating margin | 9900 | €203,896 | €145,232 | -€58,664 | -28.8% |
| Operating profit (loss) | 9901 | €68,002 | €7,671 | -€60,331 | -88.7% |
| Financial income | 75/76B | €36 | €31 | -€5 | -12.9% |
| Recurring financial income | 75 | €36 | €31 | -€5 | -12.9% |
| Financial charges | 65/66B | €3,371 | €1,001 | -€2,370 | -70.3% |
| Recurring financial charges | 65 | €3,371 | €1,001 | -€2,370 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €64,667 | €6,701 | -€57,966 | -89.6% |
| Income taxes | 67/77 | €13,839 | €6,000 | -€7,839 | -56.6% |
| Profit (loss) for the period | 9904 | €50,828 | €701 | -€50,127 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,828 | €701 | -€50,127 | -98.6% |
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 20 October 2026 via checked.be.