BISPIE: 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.
BISPIE
Largest movements
- Current investments +€102,078
new in 2025: €102,078
- Cash +€56,809
up €56,809 (+20.2%), from €281,134 to €337,943
mainly Net result for the year (+€119,262) and Other debts (+€38,151)
- Intangible fixed assets -€9,085
down €9,085 (-33.1%), from €27,462 to €18,377
- Reserves +€75,538
up €75,538 (+23.6%), from €319,799 to €395,337
- Other debts +€38,151
up €38,151 (+1126.7%), from €3,386 to €41,537
- Tax, wage and social debts +€21,425
up €21,425 (+123.1%), from €17,409 to €38,835
- Short-term financial debts +€5,962
up €5,962 (+87.2%), from €6,840 to €12,802
- Depreciation -€8,684
down €8,684 (-31.9%), from €27,232 to €18,549
- Financial income +€8,612
up €8,612, from €0 to €8,612
- Taxes +€4,375
up €4,375 (+7.6%), from €57,409 to €61,785
- Gross operating margin -€3,179
down €3,179 (-1.6%), from €199,090 to €195,911
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 | €357,727 | €500,614 | +€142,887 | +39.9% |
| Fixed assets | 21/28 | €64,520 | €51,010 | -€13,510 | -20.9% |
| Intangible fixed assets | 21 | €27,462 | €18,377 | -€9,085 | -33.1% |
| Tangible fixed assets | 22/27 | €37,058 | €32,633 | -€4,425 | -11.9% |
| Plant, machinery and equipment | 23 | €981 | €797 | -€184 | -18.8% |
| Furniture and vehicles | 24 | €18,721 | €15,036 | -€3,686 | -19.7% |
| Other tangible fixed assets | 26 | €17,356 | €16,800 | -€555 | -3.2% |
| Current assets | 29/58 | €293,207 | €449,604 | +€156,397 | +53.3% |
| Amounts receivable within one year | 40/41 | €12,073 | €8,083 | -€3,990 | -33.1% |
| Trade receivables | 40 | €12,073 | €0 | -€12,073 | -100.0% |
| Other amounts receivable | 41 | - | €8,083 | +€8,083 | |
| Current investments | 50/53 | - | €102,078 | +€102,078 | |
| Cash at bank and in hand | 54/58 | €281,134 | €337,943 | +€56,809 | +20.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €357,727 | €500,614 | +€142,887 | +39.9% |
| Equity | 10/15 | €324,799 | €400,337 | +€75,538 | +23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €319,799 | €395,337 | +€75,538 | +23.6% |
| Distributable reserves | 133 | €319,799 | €395,337 | +€75,538 | +23.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,928 | €100,277 | +€67,348 | +204.5% |
| Amounts payable after more than one year | 17 | €3,276 | €1,219 | -€2,057 | -62.8% |
| Financial debts | 170/4 | €3,276 | €1,219 | -€2,057 | -62.8% |
| Amounts payable within one year | 42/48 | €29,652 | €99,057 | +€69,405 | +234.1% |
| Current portion of amounts payable after more than one year | 42 | €2,016 | €2,057 | +€41 | +2.0% |
| Financial debts | 43 | €6,840 | €12,802 | +€5,962 | +87.2% |
| Credit institutions | 430/8 | €6,840 | €12,802 | +€5,962 | +87.2% |
| Trade debts | 44 | €0 | €3,826 | +€3,826 | |
| Suppliers | 440/4 | €0 | €3,826 | +€3,826 | |
| Taxes, remuneration and social security | 45 | €17,409 | €38,835 | +€21,425 | +123.1% |
| Taxes | 450/3 | €17,409 | €38,835 | +€21,425 | +123.1% |
| Other amounts payable | 47/48 | €3,386 | €41,537 | +€38,151 | +1126.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,232 | €18,549 | -€8,684 | -31.9% |
| Other operating charges | 640/8 | €2,250 | €2,045 | -€205 | -9.1% |
| Non-recurring operating charges | 66A | - | €556 | +€556 | |
| Gross operating margin | 9900 | €199,090 | €195,911 | -€3,179 | -1.6% |
| Operating profit (loss) | 9901 | €169,608 | €174,761 | +€5,153 | +3.0% |
| Financial income | 75/76B | €0 | €8,612 | +€8,612 | |
| Recurring financial income | 75 | €0 | €8,612 | +€8,612 | |
| Financial charges | 65/66B | €1,181 | €2,327 | +€1,146 | +97.0% |
| Recurring financial charges | 65 | €1,181 | €2,327 | +€1,146 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €168,427 | €181,047 | +€12,620 | +7.5% |
| Income taxes | 67/77 | €57,409 | €61,785 | +€4,375 | +7.6% |
| Profit (loss) for the period | 9904 | €111,017 | €119,262 | +€8,245 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,017 | €119,262 | +€8,245 | +7.4% |
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 7 October 2026 via checked.be.