BISCO: 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.
BISCO
Largest movements
- Cash +€153,302
up €153,302 (+118.8%), from €129,020 to €282,322
mainly Other debts (+€104,757) and Investment in fixed assets (net) (+€91,697)
- Tangible fixed assets -€119,684
down €119,684 (-16.2%), from €738,186 to €618,502
of which Land and buildings: -€116,645
- Other debts +€104,757
up €104,757 (+39.2%), from €267,219 to €371,976
- Reserves -€84,796
down €84,796 (-20.0%), from €424,723 to €339,927
of which Distributable reserves: -€109,700
- Gross operating margin +€42,788
up €42,788 (+89.0%), from €48,082 to €90,870
- Taxes +€4,200
up €4,200 (+53.2%), from €7,895 to €12,095
- Other operating charges +€2,186
up €2,186 (+34.6%), from €6,314 to €8,500
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 | €873,566 | €907,538 | +€33,972 | +3.9% |
| Fixed assets | 21/28 | €742,648 | €622,964 | -€119,684 | -16.1% |
| Tangible fixed assets | 22/27 | €738,186 | €618,502 | -€119,684 | -16.2% |
| Land and buildings | 22 | €708,672 | €592,027 | -€116,645 | -16.5% |
| Plant, machinery and equipment | 23 | €10,089 | €11,616 | +€1,527 | +15.1% |
| Furniture and vehicles | 24 | €19,425 | €14,859 | -€4,566 | -23.5% |
| Financial fixed assets | 28 | €4,462 | €4,462 | = | 0.0% |
| Current assets | 29/58 | €130,918 | €284,574 | +€153,656 | +117.4% |
| Amounts receivable within one year | 40/41 | - | €1,301 | +€1,301 | |
| Other amounts receivable | 41 | - | €1,301 | +€1,301 | |
| Cash at bank and in hand | 54/58 | €129,020 | €282,322 | +€153,302 | +118.8% |
| Deferred charges and accrued income | 490/1 | €1,898 | €951 | -€947 | -49.9% |
| Total equity and liabilities | 10/49 | €873,566 | €907,538 | +€33,972 | +3.9% |
| Equity | 10/15 | €466,519 | €381,735 | -€84,784 | -18.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €424,723 | €339,927 | -€84,796 | -20.0% |
| Tax-exempt reserves | 132 | €260,033 | €284,937 | +€24,904 | +9.6% |
| Distributable reserves | 133 | €164,690 | €54,990 | -€109,700 | -66.6% |
| Profit (loss) carried forward | 14 | €21,796 | €21,808 | +€12 | +0.1% |
| Provisions and deferred taxes | 16 | €139,743 | €146,970 | +€7,227 | +5.2% |
| Deferred taxes | 168 | €139,743 | €146,970 | +€7,227 | +5.2% |
| Amounts payable | 17/49 | €267,304 | €378,833 | +€111,529 | +41.7% |
| Amounts payable within one year | 42/48 | €267,304 | €378,143 | +€110,839 | +41.5% |
| Trade debts | 44 | €85 | €77 | -€8 | -9.4% |
| Suppliers | 440/4 | €85 | €77 | -€8 | -9.4% |
| Taxes, remuneration and social security | 45 | - | €6,090 | +€6,090 | |
| Taxes | 450/3 | - | €6,090 | +€6,090 | |
| Other amounts payable | 47/48 | €267,219 | €371,976 | +€104,757 | +39.2% |
| Accrued charges and deferred income | 492/3 | - | €690 | +€690 | |
| Non-recurring operating income | 76A | €7,800 | - | -€7,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,389 | €27,987 | -€402 | -1.4% |
| Other operating charges | 640/8 | €6,314 | €8,500 | +€2,186 | +34.6% |
| Gross operating margin | 9900 | €48,082 | €90,870 | +€42,788 | +89.0% |
| Operating profit (loss) | 9901 | €13,379 | €54,383 | +€41,004 | +306.5% |
| Financial income | 75/76B | €1,678 | €2,145 | +€467 | +27.8% |
| Recurring financial income | 75 | €1,678 | €2,145 | +€467 | +27.8% |
| Financial charges | 65/66B | €112 | €190 | +€78 | +69.6% |
| Recurring financial charges | 65 | €112 | €190 | +€78 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €14,945 | €56,338 | +€41,393 | +277.0% |
| Transfer from deferred taxes | 780 | €4,836 | €4,836 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €12,063 | +€12,063 | |
| Income taxes | 67/77 | €7,895 | €12,095 | +€4,200 | +53.2% |
| Profit (loss) for the period | 9904 | €11,886 | €37,016 | +€25,130 | +211.4% |
| Transfer from tax-exempt reserves | 789 | €11,285 | €11,285 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €36,189 | +€36,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,171 | €12,112 | -€11,059 | -47.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.