BIRO INVEST: 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.
BIRO INVEST
Largest movements
- Tangible fixed assets -€27,174
down €27,174 (-5.8%), from €467,588 to €440,415
of which Land and buildings: -€17,281
- Cash +€9,926
up €9,926 (+397%), from €2,503 to €12,429
mainly Depreciation (+€27,174) and Net result for the year (+€9,868)
- Debts after one year -€25,027
down €25,027 (-10.0%), from €249,302 to €224,275
of which Financial debts: -€25,027
- Profit (loss) carried forward +€12,403
up €12,403 (+16.9%), from -€73,296 to -€60,893
- Other debts -€6,168
down €6,168 (-5.7%), from €107,733 to €101,565
- Gross operating margin +€80,780
up €80,780, from -€39,515 to €41,265
- Depreciation -€4,719
down €4,719 (-14.8%), from €31,892 to €27,174
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 | €476,611 | €455,782 | -€20,829 | -4.4% |
| Fixed assets | 21/28 | €467,588 | €440,415 | -€27,174 | -5.8% |
| Tangible fixed assets | 22/27 | €467,588 | €440,415 | -€27,174 | -5.8% |
| Land and buildings | 22 | €426,211 | €408,930 | -€17,281 | -4.1% |
| Plant, machinery and equipment | 23 | €19,358 | €16,565 | -€2,793 | -14.4% |
| Furniture and vehicles | 24 | €22,020 | €14,920 | -€7,100 | -32.2% |
| Current assets | 29/58 | €9,023 | €15,367 | +€6,344 | +70.3% |
| Amounts receivable within one year | 40/41 | €3,752 | €0 | -€3,752 | -100% |
| Other amounts receivable | 41 | €3,752 | €0 | -€3,752 | -100% |
| Cash at bank and in hand | 54/58 | €2,503 | €12,429 | +€9,926 | +397% |
| Deferred charges and accrued income | 490/1 | €2,768 | €2,938 | +€170 | +6.1% |
| Total equity and liabilities | 10/49 | €476,611 | €455,782 | -€20,829 | -4.4% |
| Equity | 10/15 | €66,581 | €76,449 | +€9,868 | +14.8% |
| 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 | €77,877 | €75,342 | -€2,535 | -3.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,800 | €56,265 | -€2,535 | -4.3% |
| Distributable reserves | 133 | €12,877 | €12,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,296 | -€60,893 | +€12,403 | +16.9% |
| Provisions and deferred taxes | 16 | €14,171 | €13,538 | -€634 | -4.5% |
| Deferred taxes | 168 | €14,171 | €13,538 | -€634 | -4.5% |
| Amounts payable | 17/49 | €395,859 | €365,795 | -€30,064 | -7.6% |
| Amounts payable after more than one year | 17 | €249,302 | €224,275 | -€25,027 | -10.0% |
| Financial debts | 170/4 | €60,506 | €35,480 | -€25,027 | -41.4% |
| Other amounts payable | 178/9 | €188,796 | €188,796 | = | 0.0% |
| Amounts payable within one year | 42/48 | €141,756 | €136,719 | -€5,037 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €32,497 | €34,062 | +€1,565 | +4.8% |
| Trade debts | 44 | €1,526 | €822 | -€704 | -46.1% |
| Suppliers | 440/4 | €1,526 | €822 | -€704 | -46.1% |
| Taxes, remuneration and social security | 45 | €0 | €270 | +€270 | |
| Taxes | 450/3 | €0 | €270 | +€270 | |
| Other amounts payable | 47/48 | €107,733 | €101,565 | -€6,168 | -5.7% |
| Accrued charges and deferred income | 492/3 | €4,800 | €4,800 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,892 | €27,174 | -€4,719 | -14.8% |
| Other operating charges | 640/8 | €3,377 | €3,491 | +€114 | +3.4% |
| Gross operating margin | 9900 | -€39,515 | €41,265 | +€80,780 | |
| Operating profit (loss) | 9901 | -€74,785 | €10,600 | +€85,385 | |
| Financial charges | 65/66B | €1,431 | €1,095 | -€336 | -23.5% |
| Recurring financial charges | 65 | €1,431 | €1,095 | -€336 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€76,216 | €9,505 | +€85,721 | |
| Transfer from deferred taxes | 780 | €634 | €634 | = | 0.0% |
| Income taxes | 67/77 | €248 | €270 | +€22 | +8.9% |
| Profit (loss) for the period | 9904 | -€75,831 | €9,868 | +€85,699 | |
| Transfer from tax-exempt reserves | 789 | €2,535 | €2,535 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,296 | €12,403 | +€85,699 |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.