BISCARDY'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.
BISCARDY'S
Largest movements
- Receivables within one year +€32,759
up €32,759 (+30.3%), from €108,275 to €141,035
of which Trade receivables: +€25,180
- Cash -€18,385
down €18,385 (-79.4%), from €23,158 to €4,772
mainly Net result for the year (-€50,763) and Receivables within one year (-€32,759)
- Tangible fixed assets -€8,661
down €8,661 (-11.5%), from €75,262 to €66,601
- Stocks and contracts +€8,132
up €8,132 (+13.5%), from €60,316 to €68,448
- Other debts +€56,444
up €56,444 (+52.8%), from €106,979 to €163,424
- Reserves -€50,763
down €50,763 (-62.7%), from €80,964 to €30,201
- Trade debts +€22,311
up €22,311 (+97.2%), from €22,943 to €45,254
- Debts after one year -€15,979
down €15,979 (-52.7%), from €30,320 to €14,341
- Gross operating margin -€39,415
down €39,415 (-30.2%), from €130,669 to €91,254
- Staff costs -€24,245
down €24,245 (-17.3%), from €139,769 to €115,524
- Depreciation -€4,468
down €4,468 (-15.7%), from €28,481 to €24,013
- Other operating charges -€3,405
down €3,405 (-76.2%), from €4,472 to €1,066
- Financial charges -€2,932
down €2,932 (-55.9%), from €5,246 to €2,314
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 | €275,348 | €289,099 | +€13,751 | +5.0% |
| Fixed assets | 21/28 | €78,087 | €67,926 | -€10,161 | -13.0% |
| Intangible fixed assets | 21 | €2,520 | €1,020 | -€1,500 | -59.5% |
| Tangible fixed assets | 22/27 | €75,262 | €66,601 | -€8,661 | -11.5% |
| Plant, machinery and equipment | 23 | €43,441 | €40,929 | -€2,512 | -5.8% |
| Furniture and vehicles | 24 | €27,023 | €25,098 | -€1,925 | -7.1% |
| Other tangible fixed assets | 26 | €4,798 | €575 | -€4,224 | -88.0% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €197,261 | €221,173 | +€23,912 | +12.1% |
| Stocks and contracts in progress | 3 | €60,316 | €68,448 | +€8,132 | +13.5% |
| Stocks | 30/36 | €60,316 | €68,448 | +€8,132 | +13.5% |
| Amounts receivable within one year | 40/41 | €108,275 | €141,035 | +€32,759 | +30.3% |
| Trade receivables | 40 | €34,428 | €59,609 | +€25,180 | +73.1% |
| Other amounts receivable | 41 | €73,847 | €81,426 | +€7,579 | +10.3% |
| Cash at bank and in hand | 54/58 | €23,158 | €4,772 | -€18,385 | -79.4% |
| Deferred charges and accrued income | 490/1 | €5,511 | €6,917 | +€1,406 | +25.5% |
| Total equity and liabilities | 10/49 | €275,348 | €289,099 | +€13,751 | +5.0% |
| Equity | 10/15 | €99,564 | €48,801 | -€50,763 | -51.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,964 | €30,201 | -€50,763 | -62.7% |
| Distributable reserves | 133 | €80,964 | €30,201 | -€50,763 | -62.7% |
| Amounts payable | 17/49 | €175,784 | €240,298 | +€64,514 | +36.7% |
| Amounts payable after more than one year | 17 | €30,320 | €14,341 | -€15,979 | -52.7% |
| Financial debts | 170/4 | €30,320 | €14,341 | -€15,979 | -52.7% |
| Amounts payable within one year | 42/48 | €145,464 | €225,957 | +€80,493 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €15,492 | €15,979 | +€488 | +3.1% |
| Trade debts | 44 | €22,943 | €45,254 | +€22,311 | +97.2% |
| Suppliers | 440/4 | €22,943 | €45,254 | +€22,311 | +97.2% |
| Taxes, remuneration and social security | 45 | €50 | €1,300 | +€1,250 | +2,506% |
| Taxes | 450/3 | €50 | €1,300 | +€1,250 | +2,506% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €106,979 | €163,424 | +€56,444 | +52.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €139,769 | €115,524 | -€24,245 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,481 | €24,013 | -€4,468 | -15.7% |
| Other operating charges | 640/8 | €4,472 | €1,066 | -€3,405 | -76.2% |
| Non-recurring operating charges | 66A | - | €67 | +€67 | |
| Gross operating margin | 9900 | €130,669 | €91,254 | -€39,415 | -30.2% |
| Operating profit (loss) | 9901 | -€42,052 | -€49,416 | -€7,364 | -17.5% |
| Financial income | 75/76B | €333 | €1,167 | +€833 | +250% |
| Recurring financial income | 75 | €333 | €1,167 | +€833 | +250% |
| Financial charges | 65/66B | €5,246 | €2,314 | -€2,932 | -55.9% |
| Recurring financial charges | 65 | €5,246 | €2,314 | -€2,932 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,965 | -€50,564 | -€3,599 | -7.7% |
| Income taxes | 67/77 | €174 | €200 | +€25 | +14.4% |
| Profit (loss) for the period | 9904 | -€47,139 | -€50,763 | -€3,624 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,139 | -€50,763 | -€3,624 | -7.7% |
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 19 October 2026 via checked.be.