BIVOAK: 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.
BIVOAK
Largest movements
- Cash +€21,638
up €21,638 (+20.8%), from €104,006 to €125,644
mainly Net result for the year (+€82,326) and Tax, wage and social debts (+€14,228)
- Receivables within one year +€5,160
up €5,160 (+90.7%), from €5,687 to €10,847
- Deferred charges and accrued income -€3,424
down €3,424 (-51.3%), from €6,669 to €3,245
- Tax, wage and social debts +€14,228
up €14,228 (+80.1%), from €17,760 to €31,988
of which Taxes: +€11,828
- Other debts +€12,269
up €12,269 (+17.9%), from €68,550 to €80,819
- Profit (loss) carried forward -€4,733
down €4,733 (-95.8%), from €4,940 to €207
- Gross operating margin +€44,267
up €44,267 (+67.6%), from €65,454 to €109,721
- Taxes +€11,317
up €11,317 (+77.2%), from €14,659 to €25,977
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 | €116,761 | €139,815 | +€23,054 | +19.7% |
| Fixed assets | 21/28 | €399 | €79 | -€320 | -80.2% |
| Tangible fixed assets | 22/27 | €320 | - | -€320 | |
| Other tangible fixed assets | 26 | €320 | - | -€320 | |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €116,362 | €139,736 | +€23,374 | +20.1% |
| Amounts receivable within one year | 40/41 | €5,687 | €10,847 | +€5,160 | +90.7% |
| Trade receivables | 40 | €5,687 | €10,847 | +€5,160 | +90.7% |
| Cash at bank and in hand | 54/58 | €104,006 | €125,644 | +€21,638 | +20.8% |
| Deferred charges and accrued income | 490/1 | €6,669 | €3,245 | -€3,424 | -51.3% |
| Total equity and liabilities | 10/49 | €116,761 | €139,815 | +€23,054 | +19.7% |
| Equity | 10/15 | €25,400 | €20,667 | -€4,733 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,940 | €207 | -€4,733 | -95.8% |
| Amounts payable | 17/49 | €91,361 | €119,148 | +€27,787 | +30.4% |
| Amounts payable within one year | 42/48 | €91,317 | €118,810 | +€27,493 | +30.1% |
| Trade debts | 44 | €5,006 | €6,003 | +€997 | +19.9% |
| Suppliers | 440/4 | €5,006 | €6,003 | +€997 | +19.9% |
| Taxes, remuneration and social security | 45 | €17,760 | €31,988 | +€14,228 | +80.1% |
| Taxes | 450/3 | €17,760 | €29,588 | +€11,828 | +66.6% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | €68,550 | €80,819 | +€12,269 | +17.9% |
| Accrued charges and deferred income | 492/3 | €44 | €338 | +€293 | +666.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €320 | -€6 | -1.9% |
| Other operating charges | 640/8 | €943 | €884 | -€59 | -6.2% |
| Gross operating margin | 9900 | €65,454 | €109,721 | +€44,267 | +67.6% |
| Operating profit (loss) | 9901 | €64,185 | €108,517 | +€44,332 | +69.1% |
| Financial charges | 65/66B | €202 | €214 | +€13 | +6.2% |
| Recurring financial charges | 65 | €202 | €214 | +€13 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €63,983 | €108,303 | +€44,319 | +69.3% |
| Income taxes | 67/77 | €14,659 | €25,977 | +€11,317 | +77.2% |
| Profit (loss) for the period | 9904 | €49,324 | €82,326 | +€33,002 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,324 | €82,326 | +€33,002 | +66.9% |
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 3 October 2026 via checked.be.