BISSER: 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.
BISSER
Largest movements
- Tangible fixed assets +€2.5m
up €2.5m (+352.5%), from €713,294 to €3.2m
of which Assets under construction and advance payments: +€2.6m
- Debts after one year +€1.6m
up €1.6m (+462.6%), from €345,703 to €1.9m
- Other debts +€857,951
up €857,951 (+239.0%), from €358,953 to €1.2m
- Current portion of long-term debt +€71,203
up €71,203 (+92.9%), from €76,617 to €147,820
- Profit (loss) carried forward -€53,952
down €53,952 (-30.3%), from -€178,193 to -€232,146
- Financial charges +€64,405
up €64,405 (+277.5%), from €23,208 to €87,613
- Gross operating margin +€11,520
up €11,520 (+11.9%), from €96,421 to €107,941
- Other operating charges -€2,262
down €2,262 (-19.3%), from €11,711 to €9,449
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 | €748,989 | €3,245,201 | +€2.5m | +333.3% |
| Fixed assets | 21/28 | €713,294 | €3,227,405 | +€2.5m | +352.5% |
| Tangible fixed assets | 22/27 | €713,294 | €3,227,405 | +€2.5m | +352.5% |
| Land and buildings | 22 | €691,561 | €630,743 | -€60,818 | -8.8% |
| Plant, machinery and equipment | 23 | €21,733 | €17,720 | -€4,013 | -18.5% |
| Assets under construction and advance payments | 27 | - | €2,578,942 | +€2.6m | |
| Current assets | 29/58 | €35,695 | €17,795 | -€17,900 | -50.1% |
| Cash at bank and in hand | 54/58 | €7,437 | €4,202 | -€3,235 | -43.5% |
| Deferred charges and accrued income | 490/1 | €28,258 | €13,593 | -€14,665 | -51.9% |
| Total equity and liabilities | 10/49 | €748,989 | €3,245,201 | +€2.5m | +333.3% |
| Equity | 10/15 | -€58,193 | -€112,146 | -€53,952 | -92.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,193 | -€232,146 | -€53,952 | -30.3% |
| Amounts payable | 17/49 | €807,182 | €3,357,346 | +€2.6m | +315.9% |
| Amounts payable after more than one year | 17 | €345,703 | €1,944,883 | +€1.6m | +462.6% |
| Financial debts | 170/4 | €345,703 | €1,944,883 | +€1.6m | +462.6% |
| Amounts payable within one year | 42/48 | €460,711 | €1,411,053 | +€950,342 | +206.3% |
| Current portion of amounts payable after more than one year | 42 | €76,617 | €147,820 | +€71,203 | +92.9% |
| Trade debts | 44 | €3,001 | €21,549 | +€18,548 | +618.1% |
| Suppliers | 440/4 | €3,001 | €21,549 | +€18,548 | +618.1% |
| Advances received on contracts in progress | 46 | €22,140 | €24,780 | +€2,640 | +11.9% |
| Other amounts payable | 47/48 | €358,953 | €1,216,904 | +€857,951 | +239.0% |
| Accrued charges and deferred income | 492/3 | €769 | €1,410 | +€641 | +83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,736 | €64,831 | +€95 | +0.1% |
| Other operating charges | 640/8 | €11,711 | €9,449 | -€2,262 | -19.3% |
| Gross operating margin | 9900 | €96,421 | €107,941 | +€11,520 | +11.9% |
| Operating profit (loss) | 9901 | €19,974 | €33,661 | +€13,687 | +68.5% |
| Financial charges | 65/66B | €23,208 | €87,613 | +€64,405 | +277.5% |
| Recurring financial charges | 65 | €23,208 | €87,613 | +€64,405 | +277.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,234 | -€53,952 | -€50,718 | -1568.2% |
| Profit (loss) for the period | 9904 | -€3,234 | -€53,952 | -€50,718 | -1568.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,234 | -€53,952 | -€50,718 | -1568.2% |
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 8 October 2026 via checked.be.