BISTOURI: 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.
BISTOURI
Largest movements
- Current investments +€44,303
up €44,303 (+12.5%), from €354,516 to €398,819
- Deferred charges and accrued income +€35,657
up €35,657 (+45.5%), from €78,441 to €114,098
- Tangible fixed assets -€18,338
down €18,338 (-29.4%), from €62,394 to €44,056
of which Furniture and vehicles: -€17,948
- Cash -€14,662
down €14,662 (-4.6%), from €318,818 to €304,157
mainly Contributions, distributions and other (-€402,560) and Current investments (-€44,303)
- Other debts +€305,115
up €305,115 (+38,139%), from €800 to €305,915
- Reserves -€251,397
down €251,397 (-32.5%), from €772,561 to €521,164
of which Distributable reserves: -€251,397
- Tax, wage and social debts -€9,627
down €9,627 (-33.8%), from €28,473 to €18,846
- Gross operating margin +€13,190
up €13,190 (+4.6%), from €289,567 to €302,756
- Financial charges +€10,062
up €10,062 (+16.0%), from €62,982 to €73,044
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 | €814,254 | €861,130 | +€46,875 | +5.8% |
| Fixed assets | 21/28 | €62,394 | €44,056 | -€18,338 | -29.4% |
| Tangible fixed assets | 22/27 | €62,394 | €44,056 | -€18,338 | -29.4% |
| Furniture and vehicles | 24 | €59,177 | €41,230 | -€17,948 | -30.3% |
| Other tangible fixed assets | 26 | €3,217 | €2,826 | -€391 | -12.1% |
| Current assets | 29/58 | €751,860 | €817,074 | +€65,213 | +8.7% |
| Amounts receivable within one year | 40/41 | €85 | - | -€85 | |
| Other amounts receivable | 41 | €85 | - | -€85 | |
| Current investments | 50/53 | €354,516 | €398,819 | +€44,303 | +12.5% |
| Cash at bank and in hand | 54/58 | €318,818 | €304,157 | -€14,662 | -4.6% |
| Deferred charges and accrued income | 490/1 | €78,441 | €114,098 | +€35,657 | +45.5% |
| Total equity and liabilities | 10/49 | €814,254 | €861,130 | +€46,875 | +5.8% |
| Equity | 10/15 | €784,963 | €533,565 | -€251,397 | -32.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €772,561 | €521,164 | -€251,397 | -32.5% |
| 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 | €770,701 | €519,304 | -€251,397 | -32.6% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €29,292 | €327,564 | +€298,272 | +1,018% |
| Amounts payable within one year | 42/48 | €29,292 | €327,564 | +€298,272 | +1,018% |
| Trade debts | 44 | €19 | €2,803 | +€2,785 | +14,875% |
| Suppliers | 440/4 | €19 | €2,803 | +€2,785 | +14,875% |
| Taxes, remuneration and social security | 45 | €28,473 | €18,846 | -€9,627 | -33.8% |
| Taxes | 450/3 | €28,473 | €18,846 | -€9,627 | -33.8% |
| Other amounts payable | 47/48 | €800 | €305,915 | +€305,115 | +38,139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,204 | €18,338 | +€134 | +0.7% |
| Other operating charges | 640/8 | €692 | €392 | -€300 | -43.3% |
| Gross operating margin | 9900 | €289,567 | €302,756 | +€13,190 | +4.6% |
| Operating profit (loss) | 9901 | €270,670 | €284,026 | +€13,356 | +4.9% |
| Financial income | 75/76B | €3,237 | €4,586 | +€1,348 | +41.7% |
| Recurring financial income | 75 | €3,237 | €4,586 | +€1,348 | +41.7% |
| Financial charges | 65/66B | €62,982 | €73,044 | +€10,062 | +16.0% |
| Recurring financial charges | 65 | €62,982 | €73,044 | +€10,062 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €210,925 | €215,568 | +€4,642 | +2.2% |
| Income taxes | 67/77 | €63,973 | €64,405 | +€432 | +0.7% |
| Profit (loss) for the period | 9904 | €146,952 | €151,162 | +€4,210 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €146,952 | €151,162 | +€4,210 | +2.9% |
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 29 October 2026 via checked.be.