BISE: 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.
BISE
Largest movements
- Cash +€494,932
up €494,932 (+141.0%), from €351,130 to €846,062
mainly Other debts (+€323,715) and Net result for the year (+€311,038)
- Stocks and contracts +€74,566
up €74,566 (+165.1%), from €45,167 to €119,732
- Receivables within one year -€34,273
down €34,273 (-3.0%), from €1.1m to €1.1m
of which Other amounts receivable: -€56,271
- Other debts +€323,715
up €323,715 (+32214.9%), from €1,005 to €324,720
- Profit (loss) carried forward +€191,038
up €191,038 (+12.8%), from €1.5m to €1.7m
- Gross operating margin +€286,286
up €286,286, from -€11,962 to €274,324
- Financial charges +€29,786
up €29,786 (+998.7%), from €2,982 to €32,768
- Financial income +€14,699
up €14,699 (+26.3%), from €55,843 to €70,543
- Other operating charges -€11,728
down €11,728 (-91.7%), from €12,789 to €1,060
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 | €1,528,082 | €2,063,307 | +€535,225 | +35.0% |
| Current assets | 29/58 | €1,528,082 | €2,063,307 | +€535,225 | +35.0% |
| Stocks and contracts in progress | 3 | €45,167 | €119,732 | +€74,566 | +165.1% |
| Contracts in progress | 37 | €45,167 | €119,732 | +€74,566 | +165.1% |
| Amounts receivable within one year | 40/41 | €1,131,785 | €1,097,512 | -€34,273 | -3.0% |
| Trade receivables | 40 | €0 | €21,998 | +€21,998 | |
| Other amounts receivable | 41 | €1,131,785 | €1,075,514 | -€56,271 | -5.0% |
| Cash at bank and in hand | 54/58 | €351,130 | €846,062 | +€494,932 | +141.0% |
| Total equity and liabilities | 10/49 | €1,528,082 | €2,063,307 | +€535,225 | +35.0% |
| Equity | 10/15 | €1,509,475 | €1,700,513 | +€191,038 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,489,015 | €1,680,053 | +€191,038 | +12.8% |
| Amounts payable | 17/49 | €18,607 | €362,794 | +€344,187 | +1849.7% |
| Amounts payable within one year | 42/48 | €18,607 | €362,794 | +€344,187 | +1849.7% |
| Trade debts | 44 | €17,603 | €38,074 | +€20,472 | +116.3% |
| Suppliers | 440/4 | €17,603 | €38,074 | +€20,472 | +116.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,005 | €324,720 | +€323,715 | +32214.9% |
| Other operating charges | 640/8 | €12,789 | €1,060 | -€11,728 | -91.7% |
| Gross operating margin | 9900 | -€11,962 | €274,324 | +€286,286 | |
| Operating profit (loss) | 9901 | -€24,751 | €273,264 | +€298,015 | |
| Financial income | 75/76B | €55,843 | €70,543 | +€14,699 | +26.3% |
| Recurring financial income | 75 | €55,843 | €70,543 | +€14,699 | +26.3% |
| Financial charges | 65/66B | €2,982 | €32,768 | +€29,786 | +998.7% |
| Recurring financial charges | 65 | €2,982 | €32,768 | +€29,786 | +998.7% |
| Profit (loss) for the period before taxes | 9903 | €28,110 | €311,038 | +€282,928 | +1006.5% |
| Profit (loss) for the period | 9904 | €28,110 | €311,038 | +€282,928 | +1006.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,110 | €311,038 | +€282,928 | +1006.5% |
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 12 October 2026 via checked.be.