BISMUT: 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.
BISMUT
Largest movements
- Cash +€24,235
up €24,235 (+61.8%), from €39,197 to €63,432
mainly Net result for the year (+€21,828) and Depreciation (+€4,138)
- Receivables within one year +€2,163
up €2,163 (+10.0%), from €21,705 to €23,867
of which Trade receivables: +€3,381
- Tangible fixed assets -€2,137
down €2,137 (-24.5%), from €8,720 to €6,583
of which Furniture and vehicles: -€1,578
- Reserves +€21,800
up €21,800 (+39.5%), from €55,200 to €77,000
- Tax, wage and social debts +€2,322
up €2,322 (+100%), from €2,311 to €4,633
- Gross operating margin +€11,213
up €11,213 (+42.6%), from €26,341 to €37,554
- Taxes +€3,749
up €3,749 (+53.8%), from €6,973 to €10,722
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 | €74,621 | €98,965 | +€24,343 | +32.6% |
| Fixed assets | 21/28 | €8,720 | €6,583 | -€2,137 | -24.5% |
| Tangible fixed assets | 22/27 | €8,720 | €6,583 | -€2,137 | -24.5% |
| Plant, machinery and equipment | 23 | €1,117 | €559 | -€559 | -50.0% |
| Furniture and vehicles | 24 | €7,603 | €6,025 | -€1,578 | -20.8% |
| Current assets | 29/58 | €65,902 | €92,382 | +€26,480 | +40.2% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,705 | €23,867 | +€2,163 | +10.0% |
| Trade receivables | 40 | €6,166 | €9,547 | +€3,381 | +54.8% |
| Other amounts receivable | 41 | €15,539 | €14,321 | -€1,218 | -7.8% |
| Cash at bank and in hand | 54/58 | €39,197 | €63,432 | +€24,235 | +61.8% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €74,621 | €98,965 | +€24,343 | +32.6% |
| Equity | 10/15 | €72,185 | €94,014 | +€21,828 | +30.2% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €55,200 | €77,000 | +€21,800 | +39.5% |
| Distributable reserves | 133 | €55,200 | €77,000 | +€21,800 | +39.5% |
| Profit (loss) carried forward | 14 | €2,585 | €2,614 | +€28 | +1.1% |
| Amounts payable | 17/49 | €2,436 | €4,951 | +€2,515 | +103% |
| Amounts payable within one year | 42/48 | €2,436 | €4,951 | +€2,515 | +103% |
| Trade debts | 44 | €125 | €318 | +€193 | +154% |
| Suppliers | 440/4 | €125 | €318 | +€193 | +154% |
| Taxes, remuneration and social security | 45 | €2,311 | €4,633 | +€2,322 | +100% |
| Taxes | 450/3 | €2,311 | €4,633 | +€2,322 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,368 | €4,138 | -€230 | -5.3% |
| Other operating charges | 640/8 | €688 | €709 | +€21 | +3.1% |
| Gross operating margin | 9900 | €26,341 | €37,554 | +€11,213 | +42.6% |
| Operating profit (loss) | 9901 | €21,285 | €32,707 | +€11,422 | +53.7% |
| Financial income | 75/76B | €100 | €100 | = | 0.0% |
| Recurring financial income | 75 | €100 | €100 | = | 0.0% |
| Financial charges | 65/66B | €263 | €257 | -€6 | -2.4% |
| Recurring financial charges | 65 | €263 | €257 | -€6 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €21,122 | €32,550 | +€11,428 | +54.1% |
| Income taxes | 67/77 | €6,973 | €10,722 | +€3,749 | +53.8% |
| Profit (loss) for the period | 9904 | €14,149 | €21,828 | +€7,680 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,149 | €21,828 | +€7,680 | +54.3% |
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 20 October 2026 via checked.be.