BISAWAC: 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.
BISAWAC
Largest movements
- Receivables within one year -€14,265
down €14,265 (-54.7%), from €26,098 to €11,833
of which Other amounts receivable: -€9,186
- Cash +€9,308
up €9,308 (+352.9%), from €2,637 to €11,945
mainly Receivables within one year (+€14,265) and Trade debts (+€11,366)
- Tangible fixed assets -€1,878
down €1,878 (-41.3%), from €4,548 to €2,670
- Deferred charges and accrued income -€1,704
down €1,704 (-38.9%), from €4,376 to €2,673
- Stocks and contracts -€500
down €500 (-20.0%), from €2,500 to €2,000
- Profit (loss) carried forward -€20,405
down €20,405, from €12,329 to -€8,076
- Trade debts +€11,366
up €11,366 (+123.1%), from €9,230 to €20,596
- Gross operating margin -€21,958
down €21,958, from €8,322 to -€13,636
- Other operating charges +€2,551
up €2,551 (+166.2%), from €1,535 to €4,086
- Taxes +€745
new in 2025: €745
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 | €40,159 | €31,120 | -€9,039 | -22.5% |
| Fixed assets | 21/28 | €4,548 | €2,670 | -€1,878 | -41.3% |
| Tangible fixed assets | 22/27 | €4,548 | €2,670 | -€1,878 | -41.3% |
| Furniture and vehicles | 24 | €4,548 | €2,670 | -€1,878 | -41.3% |
| Current assets | 29/58 | €35,611 | €28,451 | -€7,161 | -20.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,000 | -€500 | -20.0% |
| Stocks | 30/36 | €2,500 | €2,000 | -€500 | -20.0% |
| Amounts receivable within one year | 40/41 | €26,098 | €11,833 | -€14,265 | -54.7% |
| Trade receivables | 40 | €16,854 | €11,774 | -€5,079 | -30.1% |
| Other amounts receivable | 41 | €9,244 | €58 | -€9,186 | -99.4% |
| Cash at bank and in hand | 54/58 | €2,637 | €11,945 | +€9,308 | +352.9% |
| Deferred charges and accrued income | 490/1 | €4,376 | €2,673 | -€1,704 | -38.9% |
| Total equity and liabilities | 10/49 | €40,159 | €31,120 | -€9,039 | -22.5% |
| Equity | 10/15 | €30,929 | €10,524 | -€20,405 | -66.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,329 | -€8,076 | -€20,405 | |
| Amounts payable | 17/49 | €9,230 | €20,596 | +€11,366 | +123.1% |
| Amounts payable within one year | 42/48 | €9,230 | €20,596 | +€11,366 | +123.1% |
| Trade debts | 44 | €9,230 | €20,596 | +€11,366 | +123.1% |
| Suppliers | 440/4 | €9,230 | €20,596 | +€11,366 | +123.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €1,878 | = | 0.0% |
| Other operating charges | 640/8 | €1,535 | €4,086 | +€2,551 | +166.2% |
| Gross operating margin | 9900 | €8,322 | -€13,636 | -€21,958 | |
| Operating profit (loss) | 9901 | €4,909 | -€19,600 | -€24,509 | |
| Financial charges | 65/66B | €37 | €60 | +€24 | +64.4% |
| Recurring financial charges | 65 | €37 | €60 | +€24 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €4,872 | -€19,660 | -€24,533 | |
| Income taxes | 67/77 | - | €745 | +€745 | |
| Profit (loss) for the period | 9904 | €4,872 | -€20,405 | -€25,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,872 | -€20,405 | -€25,277 |
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 10 October 2026 via checked.be.