Bishamon: 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.
Bishamon
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+176%), from €800,000 to €2.2m
- Current investments -€496,667
down €496,667 (-100%), from €496,667 to €0
- Receivables within one year -€112,766
down €112,766 (-31.8%), from €355,000 to €242,234
of which Other amounts receivable: -€219,000
- Cash -€107,425
down €107,425 (-69.3%), from €155,069 to €47,644
mainly Investment in fixed assets (net) (-€1.4m) and Contributions, distributions and other (-€100,806)
- Debts after one year +€516,765
up €516,765 (+81.3%), from €635,777 to €1.2m
of which Other amounts payable: +€286,503
- Reserves +€133,707
up €133,707 (+12.9%), from €1.0m to €1.2m
- Current portion of long-term debt +€74,240
up €74,240 (+128%), from €57,887 to €132,127
- Accrued charges and deferred income -€43,865
down €43,865 (-90.1%), from €48,670 to €4,804
- Short-term financial debts +€26,891
new in 2025: €26,891
- Gross operating margin +€127,420
up €127,420 (+46.3%), from €275,093 to €402,513
- Taxes +€40,997
up €40,997 (+58.0%), from €70,630 to €111,628
- Financial income +€8,315
up €8,315 (+780%), from €1,066 to €9,381
- Financial charges +€6,770
up €6,770 (+15.2%), from €44,557 to €51,326
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 | €1,854,238 | €2,547,605 | +€693,366 | +37.4% |
| Fixed assets | 21/28 | €846,848 | €2,252,049 | +€1.4m | +166% |
| Tangible fixed assets | 22/27 | €46,848 | €40,382 | -€6,466 | -13.8% |
| Land and buildings | 22 | €1,826 | €1,603 | -€224 | -12.2% |
| Plant, machinery and equipment | 23 | €7,177 | €6,625 | -€552 | -7.7% |
| Furniture and vehicles | 24 | €1,970 | €1,482 | -€489 | -24.8% |
| Leasing and similar rights | 25 | €32,070 | €22,199 | -€9,871 | -30.8% |
| Other tangible fixed assets | 26 | €3,805 | €8,475 | +€4,670 | +123% |
| Financial fixed assets | 28 | €800,000 | €2,211,667 | +€1.4m | +176% |
| Current assets | 29/58 | €1,007,391 | €295,556 | -€711,835 | -70.7% |
| Amounts receivable within one year | 40/41 | €355,000 | €242,234 | -€112,766 | -31.8% |
| Trade receivables | 40 | €0 | €106,234 | +€106,234 | |
| Other amounts receivable | 41 | €355,000 | €136,000 | -€219,000 | -61.7% |
| Current investments | 50/53 | €496,667 | €0 | -€496,667 | -100% |
| Cash at bank and in hand | 54/58 | €155,069 | €47,644 | -€107,425 | -69.3% |
| Deferred charges and accrued income | 490/1 | €655 | €5,679 | +€5,024 | +767% |
| Total equity and liabilities | 10/49 | €1,854,238 | €2,547,605 | +€693,366 | +37.4% |
| Equity | 10/15 | €1,052,094 | €1,185,801 | +€133,707 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,033,494 | €1,167,201 | +€133,707 | +12.9% |
| Distributable reserves | 133 | €1,033,494 | €1,167,201 | +€133,707 | +12.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €802,145 | €1,361,804 | +€559,659 | +69.8% |
| Amounts payable after more than one year | 17 | €635,777 | €1,152,542 | +€516,765 | +81.3% |
| Financial debts | 170/4 | €236,163 | €466,426 | +€230,263 | +97.5% |
| Other amounts payable | 178/9 | €399,614 | €686,116 | +€286,503 | +71.7% |
| Amounts payable within one year | 42/48 | €117,698 | €204,458 | +€86,759 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €57,887 | €132,127 | +€74,240 | +128% |
| Financial debts | 43 | - | €26,891 | +€26,891 | |
| Credit institutions | 430/8 | - | €26,891 | +€26,891 | |
| Trade debts | 44 | €590 | €439 | -€150 | -25.5% |
| Suppliers | 440/4 | €590 | €439 | -€150 | -25.5% |
| Taxes, remuneration and social security | 45 | €59,222 | €45,001 | -€14,222 | -24.0% |
| Taxes | 450/3 | €59,222 | €45,001 | -€14,222 | -24.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €48,670 | €4,804 | -€43,865 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,323 | €12,505 | +€182 | +1.5% |
| Other operating charges | 640/8 | €1,917 | €1,922 | +€5 | +0.3% |
| Gross operating margin | 9900 | €275,093 | €402,513 | +€127,420 | +46.3% |
| Operating profit (loss) | 9901 | €260,853 | €388,085 | +€127,232 | +48.8% |
| Financial income | 75/76B | €1,066 | €9,381 | +€8,315 | +780% |
| Recurring financial income | 75 | €1,066 | €9,381 | +€8,315 | +780% |
| Financial charges | 65/66B | €44,557 | €51,326 | +€6,770 | +15.2% |
| Recurring financial charges | 65 | €44,557 | €51,326 | +€6,770 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €217,363 | €346,141 | +€128,778 | +59.2% |
| Income taxes | 67/77 | €70,630 | €111,628 | +€40,997 | +58.0% |
| Profit (loss) for the period | 9904 | €146,732 | €234,513 | +€87,781 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €146,732 | €234,513 | +€87,781 | +59.8% |
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 18 October 2026 via checked.be.