BISCHOFF: what changed
Two fiscal 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.
What changed
BISCHOFF
NACE 27.402, Manufacture of electrical equipment
fiscal year 31-07-2024 against 31-07-2025filed annual accounts (NBB)
Net result for the year
€381,971
31-07-2024 · €260,574+€121,397
Equity
€818,323
31-07-2024 · €468,985+€349,338
Cash
€42,692
31-07-2024 · €375,533-€332,841
Balance sheet total
€1.1m
31-07-2024 · €945,634+€121,492
Largest movements
Assets
- Current investments +€380,665
new in 2025: €380,665
- Cash -€332,841
down €332,841 (-88.6%), from €375,533 to €42,692
mainly Current investments (-€380,665) and Other debts (-€206,395)
- Stocks and contracts +€149,754
up €149,754 (+241.7%), from €61,952 to €211,706
of which Contracts in progress: +€118,734
- Receivables after one year -€70,000
down €70,000 (-24.6%), from €285,000 to €215,000
Equity and liabilities
- Profit (loss) carried forward +€217,808
up €217,808 (+76.0%), from €286,542 to €504,350
- Other debts -€206,395
down €206,395 (-88.3%), from €233,824 to €27,429
- Reserves +€132,163
up €132,163 (+76.0%), from €173,972 to €306,135
of which Tax-exempt reserves: +€132,163
- Tax, wage and social debts -€80,633
down €80,633 (-60.3%), from €133,782 to €53,149
of which Taxes: -€91,587
- Advances received +€30,000
up €30,000 (+300.0%), from €10,000 to €40,000
Income statement
- Gross operating margin +€357,254
up €357,254 (+42.2%), from €846,898 to €1.2m
- Staff costs +€206,140
up €206,140 (+40.3%), from €511,227 to €717,367
- Taxes +€18,466
up €18,466 (+23.6%), from €78,173 to €96,639
- Financial income -€16,226
down €16,226 (-50.1%), from €32,358 to €16,133
- Financial charges -€12,380
down €12,380 (-79.4%), from €15,596 to €3,216
From the 31-07-2024 result to the 31-07-2025 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.
Result 31-07-2024
€260,574
Gross operating margin
+€357,254
Staff costs
-€206,140
Depreciation
-€1,522
Write-downs
+€4,061
Provisions
-€3,500
Other operating charges
-€7,647
Financial income
-€16,226
Financial charges
+€12,380
Taxes
-€18,466
Deferred taxes and other
+€1,202
Result 31-07-2025
€381,971
Cash bridge derived
Derived from the 31-07-2024 and 31-07-2025 balance sheets and the 31-07-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€63,966
Investment
-€383,174
Financing
-€13,633
Cash 31-07-2024
€375,533
From operations (derived)
+€63,966
Net result for the year
+€381,971
Depreciation
+€5,954
Receivables after one year
+€70,000
Stocks and contracts
-€149,754
Receivables within one year
+€7,321
Deferred charges and accrued income
-€4,679
Provisions
+€3,372
Trade debts
+€9,895
Tax, wage and social debts
-€80,633
Advances received
+€30,000
Other debts
-€206,395
Accrued charges and deferred income
-€3,085
Investment (derived)
-€383,174
Investment in fixed assets (net)
-€2,509
Current investments
-€380,665
Financing
-€13,633
Debts after one year
+€19,000
Contributions, distributions and other
-€32,633
Cash 31-07-2025
€42,692
Every line side by side
| Line | Code | 31-07-2024 | 31-07-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,634 | €1,067,127 | +€121,492 | +12.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €71,916 | €68,471 | -€3,445 | -4.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €20,816 | €17,371 | -€3,445 | -16.5% |
| Plant, machinery and equipment | 23 | €5,841 | €6,222 | +€380 | +6.5% |
| Furniture and vehicles | 24 | €14,975 | €11,150 | -€3,825 | -25.5% |
| Financial fixed assets | 28 | €51,100 | €51,100 | = | 0.0% |
| Current assets | 29/58 | €873,719 | €998,656 | +€124,937 | +14.3% |
| Amounts receivable after more than one year | 29 | €285,000 | €215,000 | -€70,000 | -24.6% |
| Other amounts receivable | 291 | €285,000 | €215,000 | -€70,000 | -24.6% |
| Stocks and contracts in progress | 3 | €61,952 | €211,706 | +€149,754 | +241.7% |
| Stocks | 30/36 | €61,952 | €92,971 | +€31,020 | +50.1% |
| Contracts in progress | 37 | - | €118,734 | +€118,734 | |
| Amounts receivable within one year | 40/41 | €133,706 | €126,386 | -€7,321 | -5.5% |
| Trade receivables | 40 | €113,800 | €92,469 | -€21,331 | -18.7% |
| Other amounts receivable | 41 | €19,906 | €33,917 | +€14,011 | +70.4% |
| Current investments | 50/53 | - | €380,665 | +€380,665 | |
| Cash at bank and in hand | 54/58 | €375,533 | €42,692 | -€332,841 | -88.6% |
| Deferred charges and accrued income | 490/1 | €17,527 | €22,207 | +€4,679 | +26.7% |
| Total equity and liabilities | 10/49 | €945,634 | €1,067,127 | +€121,492 | +12.8% |
| Equity | 10/15 | €468,985 | €818,323 | +€349,338 | +74.5% |
| Contributions | 10/11 | €6,506 | €6,506 | = | 0.0% |
| Reserves | 13 | €173,972 | €306,135 | +€132,163 | +76.0% |
| Non-distributable reserves | 130/1 | €651 | €651 | = | 0.0% |
| Other | 1319 | €651 | €651 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,321 | €305,484 | +€132,163 | +76.3% |
| Profit (loss) carried forward | 14 | €286,542 | €504,350 | +€217,808 | +76.0% |
| Investment grants | 15 | €1,965 | €1,332 | -€633 | -32.2% |
| Provisions and deferred taxes | 16 | €1,074 | €4,446 | +€3,372 | +313.9% |
| Provisions for liabilities and charges | 160/5 | - | €3,500 | +€3,500 | |
| Environmental obligations | 163 | - | €3,500 | +€3,500 | |
| Deferred taxes | 168 | €1,074 | €946 | -€128 | -11.9% |
| Amounts payable | 17/49 | €475,575 | €244,357 | -€231,218 | -48.6% |
| Amounts payable after more than one year | 17 | €27,000 | €46,000 | +€19,000 | +70.4% |
| Financial debts | 170/4 | €27,000 | €46,000 | +€19,000 | +70.4% |
| Amounts payable within one year | 42/48 | €445,490 | €198,357 | -€247,133 | -55.5% |
| Trade debts | 44 | €67,884 | €77,779 | +€9,895 | +14.6% |
| Suppliers | 440/4 | €67,884 | €77,779 | +€9,895 | +14.6% |
| Advances received on contracts in progress | 46 | €10,000 | €40,000 | +€30,000 | +300.0% |
| Taxes, remuneration and social security | 45 | €133,782 | €53,149 | -€80,633 | -60.3% |
| Taxes | 450/3 | €104,587 | €13,000 | -€91,587 | -87.6% |
| Remuneration and social security | 454/9 | €29,195 | €40,149 | +€10,954 | +37.5% |
| Other amounts payable | 47/48 | €233,824 | €27,429 | -€206,395 | -88.3% |
| Accrued charges and deferred income | 492/3 | €3,085 | - | -€3,085 | |
| Non-recurring operating income | 76A | €4,298 | - | -€4,298 | |
| Remuneration, social security and pensions | 62 | €511,227 | €717,367 | +€206,140 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,432 | €5,954 | +€1,522 | +34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,061 | - | -€4,061 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,500 | +€3,500 | |
| Other operating charges | 640/8 | €4,118 | €11,766 | +€7,647 | +185.7% |
| Gross operating margin | 9900 | €846,898 | €1,204,152 | +€357,254 | +42.2% |
| Operating profit (loss) | 9901 | €323,060 | €465,565 | +€142,506 | +44.1% |
| Financial income | 75/76B | €32,358 | €16,133 | -€16,226 | -50.1% |
| Recurring financial income | 75 | €32,358 | €16,133 | -€16,226 | -50.1% |
| Financial charges | 65/66B | €15,596 | €3,216 | -€12,380 | -79.4% |
| Recurring financial charges | 65 | €15,596 | €3,216 | -€12,380 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €339,822 | €478,482 | +€138,660 | +40.8% |
| Transfer from deferred taxes | 780 | - | €128 | +€128 | |
| Transfer to deferred taxes | 680 | €1,074 | - | -€1,074 | |
| Income taxes | 67/77 | €78,173 | €96,639 | +€18,466 | +23.6% |
| Profit (loss) for the period | 9904 | €260,574 | €381,971 | +€121,397 | +46.6% |
| Transfer from tax-exempt reserves | 789 | - | €36,237 | +€36,237 | |
| Transfer to tax-exempt reserves | 689 | €53,743 | €168,400 | +€114,657 | +213.3% |
| Profit (loss) for the period to be appropriated | 9905 | €206,831 | €249,808 | +€42,977 | +20.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.