BISMAN KINE: what changed
BISMAN KINE
Largest movements
- Tangible fixed assets +€278,438
up €278,438 (+4,932%), from €5,646 to €284,084
- Cash -€47,632
down €47,632 (-59.9%), from €79,490 to €31,858
mainly Investment in fixed assets (net) (-€309,268) and Deferred charges and accrued income (-€40,179)
- Deferred charges and accrued income +€40,179
up €40,179 (+256%), from €15,691 to €55,871
- Receivables within one year +€34,915
up €34,915, from €0 to €34,915
of which Other amounts receivable: +€34,415
- Debts after one year +€226,739
new in 2025: €226,739
- Other debts +€38,263
up €38,263 (+197%), from €19,380 to €57,643
- Reserves +€28,939
up €28,939 (+42.0%), from €68,962 to €97,901
of which Distributable reserves: +€28,939
- Current portion of long-term debt +€11,661
new in 2025: €11,661
- Gross operating margin +€54,520
up €54,520 (+134%), from €40,659 to €95,178
- Depreciation +€29,402
up €29,402 (+2,060%), from €1,427 to €30,830
- Financial charges +€4,166
up €4,166 (+475%), from €877 to €5,042
- Taxes +€4,165
up €4,165 (+35.8%), from €11,645 to €15,809
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,027 | €407,928 | +€305,901 | +300% |
| Fixed assets | 21/28 | €6,846 | €285,284 | +€278,438 | +4,067% |
| Tangible fixed assets | 22/27 | €5,646 | €284,084 | +€278,438 | +4,932% |
| Land and buildings | 22 | - | €113,016 | +€113,016 | |
| Plant, machinery and equipment | 23 | €2,767 | €30,473 | +€27,706 | +1,001% |
| Furniture and vehicles | 24 | €2,878 | €3,903 | +€1,024 | +35.6% |
| Other tangible fixed assets | 26 | - | €136,692 | +€136,692 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €95,181 | €122,644 | +€27,463 | +28.9% |
| Amounts receivable within one year | 40/41 | €0 | €34,915 | +€34,915 | |
| Trade receivables | 40 | €0 | €500 | +€500 | |
| Other amounts receivable | 41 | - | €34,415 | +€34,415 | |
| Cash at bank and in hand | 54/58 | €79,490 | €31,858 | -€47,632 | -59.9% |
| Deferred charges and accrued income | 490/1 | €15,691 | €55,871 | +€40,179 | +256% |
| Total equity and liabilities | 10/49 | €102,027 | €407,928 | +€305,901 | +300% |
| Equity | 10/15 | €76,260 | €105,199 | +€28,939 | +37.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,962 | €97,901 | +€28,939 | +42.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,102 | €96,041 | +€28,939 | +43.1% |
| Profit (loss) carried forward | 14 | €1,098 | €1,098 | = | 0.0% |
| Amounts payable | 17/49 | €25,767 | €302,729 | +€276,961 | +1,075% |
| Amounts payable after more than one year | 17 | - | €226,739 | +€226,739 | |
| Financial debts | 170/4 | - | €226,739 | +€226,739 | |
| Amounts payable within one year | 42/48 | €25,767 | €75,990 | +€50,222 | +195% |
| Current portion of amounts payable after more than one year | 42 | - | €11,661 | +€11,661 | |
| Trade debts | 44 | €743 | €2,276 | +€1,533 | +206% |
| Suppliers | 440/4 | €743 | €2,276 | +€1,533 | +206% |
| Taxes, remuneration and social security | 45 | €5,645 | €4,409 | -€1,235 | -21.9% |
| Taxes | 450/3 | €5,645 | €4,409 | -€1,235 | -21.9% |
| Other amounts payable | 47/48 | €19,380 | €57,643 | +€38,263 | +197% |
| Remuneration, social security and pensions | 62 | €3,350 | €2,659 | -€691 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €30,830 | +€29,402 | +2,060% |
| Other operating charges | 640/8 | €200 | €400 | +€200 | +100% |
| Gross operating margin | 9900 | €40,659 | €95,178 | +€54,520 | +134% |
| Operating profit (loss) | 9901 | €35,681 | €61,290 | +€25,608 | +71.8% |
| Financial charges | 65/66B | €877 | €5,042 | +€4,166 | +475% |
| Recurring financial charges | 65 | €877 | €5,042 | +€4,166 | +475% |
| Profit (loss) for the period before taxes | 9903 | €34,805 | €56,247 | +€21,442 | +61.6% |
| Income taxes | 67/77 | €11,645 | €15,809 | +€4,165 | +35.8% |
| Profit (loss) for the period | 9904 | €23,160 | €40,438 | +€17,278 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,160 | €40,438 | +€17,278 | +74.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.