BIVOLAS: 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.
BIVOLAS
Largest movements
- Receivables within one year +€34,961
up €34,961 (+55.0%), from €63,529 to €98,490
of which Trade receivables: +€23,079
- Tangible fixed assets +€16,974
up €16,974 (+27.7%), from €61,201 to €78,175
of which Leasing and similar rights: +€29,308
- Cash -€2,207
down €2,207 (-70.8%), from €3,116 to €909
mainly Investment in fixed assets (net) (-€36,333) and Receivables within one year (-€34,961)
- Debts after one year +€20,646
up €20,646 (+108.7%), from €18,985 to €39,631
- Trade debts +€14,339
up €14,339 (+776.7%), from €1,846 to €16,185
- Current portion of long-term debt +€6,033
up €6,033 (+76.3%), from €7,908 to €13,941
- Short-term financial debts +€4,016
new in 2025: €4,016
- Tax, wage and social debts +€3,845
up €3,845 (+31.3%), from €12,276 to €16,121
- Other operating charges +€17,283
up €17,283 (+14898.9%), from €116 to €17,399
- Gross operating margin -€12,432
down €12,432 (-21.5%), from €57,892 to €45,460
- Taxes -€4,757
down €4,757 (-58.2%), from €8,176 to €3,419
- Depreciation -€1,455
down €1,455 (-7.0%), from €20,814 to €19,358
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 | €127,846 | €177,574 | +€49,729 | +38.9% |
| Fixed assets | 21/28 | €61,201 | €78,175 | +€16,974 | +27.7% |
| Tangible fixed assets | 22/27 | €61,201 | €78,175 | +€16,974 | +27.7% |
| Plant, machinery and equipment | 23 | €357 | €743 | +€387 | +108.4% |
| Furniture and vehicles | 24 | €49,920 | €37,199 | -€12,721 | -25.5% |
| Leasing and similar rights | 25 | €10,924 | €40,233 | +€29,308 | +268.3% |
| Current assets | 29/58 | €66,645 | €99,400 | +€32,754 | +49.1% |
| Amounts receivable within one year | 40/41 | €63,529 | €98,490 | +€34,961 | +55.0% |
| Trade receivables | 40 | €57,435 | €80,514 | +€23,079 | +40.2% |
| Other amounts receivable | 41 | €6,094 | €17,976 | +€11,882 | +195.0% |
| Cash at bank and in hand | 54/58 | €3,116 | €909 | -€2,207 | -70.8% |
| Total equity and liabilities | 10/49 | €127,846 | €177,574 | +€49,729 | +38.9% |
| Equity | 10/15 | €86,830 | €87,681 | +€851 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,830 | €82,681 | +€851 | +1.0% |
| Amounts payable | 17/49 | €41,016 | €89,894 | +€48,878 | +119.2% |
| Amounts payable after more than one year | 17 | €18,985 | €39,631 | +€20,646 | +108.7% |
| Financial debts | 170/4 | €18,985 | €39,631 | +€20,646 | +108.7% |
| Amounts payable within one year | 42/48 | €22,031 | €50,263 | +€28,232 | +128.1% |
| Current portion of amounts payable after more than one year | 42 | €7,908 | €13,941 | +€6,033 | +76.3% |
| Financial debts | 43 | - | €4,016 | +€4,016 | |
| Credit institutions | 430/8 | - | €4,016 | +€4,016 | |
| Trade debts | 44 | €1,846 | €16,185 | +€14,339 | +776.7% |
| Suppliers | 440/4 | €1,846 | €16,185 | +€14,339 | +776.7% |
| Taxes, remuneration and social security | 45 | €12,276 | €16,121 | +€3,845 | +31.3% |
| Taxes | 450/3 | €12,276 | €16,121 | +€3,845 | +31.3% |
| Remuneration, social security and pensions | 62 | €536 | €704 | +€169 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,814 | €19,358 | -€1,455 | -7.0% |
| Other operating charges | 640/8 | €116 | €17,399 | +€17,283 | +14898.9% |
| Gross operating margin | 9900 | €57,892 | €45,460 | -€12,432 | -21.5% |
| Operating profit (loss) | 9901 | €36,427 | €7,998 | -€28,429 | -78.0% |
| Financial income | 75/76B | €48 | €17 | -€31 | -65.1% |
| Recurring financial income | 75 | €48 | €17 | -€31 | -65.1% |
| Financial charges | 65/66B | €3,824 | €3,745 | -€78 | -2.0% |
| Recurring financial charges | 65 | €3,824 | €3,745 | -€78 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €32,652 | €4,269 | -€28,382 | -86.9% |
| Income taxes | 67/77 | €8,176 | €3,419 | -€4,757 | -58.2% |
| Profit (loss) for the period | 9904 | €24,476 | €851 | -€23,625 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,476 | €851 | -€23,625 | -96.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.