BIVAHO: 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.
BIVAHO
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€17,483
down €17,483 (-7.8%), from €223,233 to €205,751
of which Land and buildings: -€11,150
- Receivables within one year +€6,016
up €6,016 (+130%), from €4,619 to €10,635
of which Other amounts receivable: +€4,977
- Other debts -€149,117
down €149,117 (-51.1%), from €291,947 to €142,830
- Reserves -€48,426
down €48,426 (-86.6%), from €55,939 to €7,514
- Debts after one year -€15,772
down €15,772 (-18.3%), from €86,160 to €70,389
- Gross operating margin +€22,987
up €22,987 (+22.2%), from €103,479 to €126,466
- Taxes +€4,665
up €4,665 (+34.9%), from €13,384 to €18,048
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 | €472,903 | €261,108 | -€211,795 | -44.8% |
| Fixed assets | 21/28 | €223,995 | €206,512 | -€17,483 | -7.8% |
| Tangible fixed assets | 22/27 | €223,233 | €205,751 | -€17,483 | -7.8% |
| Land and buildings | 22 | €184,687 | €173,537 | -€11,150 | -6.0% |
| Plant, machinery and equipment | 23 | €4,911 | €4,039 | -€872 | -17.7% |
| Furniture and vehicles | 24 | €28,077 | €23,248 | -€4,828 | -17.2% |
| Other tangible fixed assets | 26 | €5,559 | €4,927 | -€633 | -11.4% |
| Financial fixed assets | 28 | €761 | €761 | = | 0.0% |
| Current assets | 29/58 | €248,908 | €54,596 | -€194,313 | -78.1% |
| Amounts receivable within one year | 40/41 | €4,619 | €10,635 | +€6,016 | +130% |
| Trade receivables | 40 | €1,529 | €2,568 | +€1,039 | +68.0% |
| Other amounts receivable | 41 | €3,090 | €8,067 | +€4,977 | +161% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €39,290 | €42,240 | +€2,950 | +7.5% |
| Deferred charges and accrued income | 490/1 | €5,000 | €1,720 | -€3,280 | -65.6% |
| Total equity and liabilities | 10/49 | €472,903 | €261,108 | -€211,795 | -44.8% |
| Equity | 10/15 | €74,539 | €26,114 | -€48,426 | -65.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,939 | €7,514 | -€48,426 | -86.6% |
| Distributable reserves | 133 | €55,939 | €7,514 | -€48,426 | -86.6% |
| Amounts payable | 17/49 | €398,364 | €234,994 | -€163,370 | -41.0% |
| Amounts payable after more than one year | 17 | €86,160 | €70,389 | -€15,772 | -18.3% |
| Financial debts | 170/4 | €86,160 | €70,389 | -€15,772 | -18.3% |
| Amounts payable within one year | 42/48 | €312,204 | €164,606 | -€147,598 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €15,599 | €15,772 | +€173 | +1.1% |
| Trade debts | 44 | €280 | €1,532 | +€1,251 | +446% |
| Suppliers | 440/4 | €280 | €1,532 | +€1,251 | +446% |
| Taxes, remuneration and social security | 45 | €4,378 | €4,472 | +€95 | +2.2% |
| Remuneration and social security | 454/9 | €4,378 | €4,472 | +€95 | +2.2% |
| Other amounts payable | 47/48 | €291,947 | €142,830 | -€149,117 | -51.1% |
| Remuneration, social security and pensions | 62 | €21,735 | €21,737 | +€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,795 | €18,482 | +€687 | +3.9% |
| Other operating charges | 640/8 | €2,149 | €3,147 | +€997 | +46.4% |
| Gross operating margin | 9900 | €103,479 | €126,466 | +€22,987 | +22.2% |
| Operating profit (loss) | 9901 | €61,801 | €83,101 | +€21,301 | +34.5% |
| Financial income | 75/76B | €4,911 | €3,717 | -€1,195 | -24.3% |
| Recurring financial income | 75 | €4,911 | €3,717 | -€1,195 | -24.3% |
| Financial charges | 65/66B | €1,415 | €1,256 | -€159 | -11.2% |
| Recurring financial charges | 65 | €1,415 | €1,256 | -€159 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €65,297 | €85,562 | +€20,265 | +31.0% |
| Income taxes | 67/77 | €13,384 | €18,048 | +€4,665 | +34.9% |
| Profit (loss) for the period | 9904 | €51,913 | €67,514 | +€15,601 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,913 | €67,514 | +€15,601 | +30.1% |
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.