BIVOUAC: 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.
BIVOUAC
Largest movements
- Stocks and contracts -€5,213
down €5,213 (-9.3%), from €56,071 to €50,858
- Receivables within one year -€4,488
down €4,488 (-96.6%), from €4,644 to €156
of which Other amounts receivable: -€2,668
- Tangible fixed assets -€3,756
down €3,756 (-27.1%), from €13,885 to €10,129
of which Other tangible fixed assets: -€2,382
- Profit (loss) carried forward -€8,147
down €8,147, from €298 to -€7,848
- Trade debts -€5,655
down €5,655 (-23.4%), from €24,179 to €18,524
- Other debts -€1,094
down €1,094 (-2.7%), from €39,947 to €38,853
- Tax, wage and social debts +€846
up €846 (+26.4%), from €3,200 to €4,046
- Gross operating margin +€1,775
up €1,775 (+85.2%), from -€2,083 to -€308
- Depreciation -€1,605
down €1,605 (-29.9%), from €5,361 to €3,756
- Financial charges -€396
down €396 (-22.9%), from €1,726 to €1,330
- Other operating charges -€30
down €30 (-1.1%), from €2,787 to €2,757
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 | €75,639 | €61,590 | -€14,049 | -18.6% |
| Fixed assets | 21/28 | €13,885 | €10,129 | -€3,756 | -27.1% |
| Tangible fixed assets | 22/27 | €13,885 | €10,129 | -€3,756 | -27.1% |
| Plant, machinery and equipment | 23 | €1,004 | €165 | -€838 | -83.5% |
| Furniture and vehicles | 24 | €536 | €0 | -€536 | -100% |
| Other tangible fixed assets | 26 | €12,346 | €9,964 | -€2,382 | -19.3% |
| Current assets | 29/58 | €61,754 | €51,460 | -€10,293 | -16.7% |
| Stocks and contracts in progress | 3 | €56,071 | €50,858 | -€5,213 | -9.3% |
| Stocks | 30/36 | €56,071 | €50,858 | -€5,213 | -9.3% |
| Amounts receivable within one year | 40/41 | €4,644 | €156 | -€4,488 | -96.6% |
| Trade receivables | 40 | €1,820 | €0 | -€1,820 | -100.0% |
| Other amounts receivable | 41 | €2,824 | €156 | -€2,668 | -94.5% |
| Cash at bank and in hand | 54/58 | €1,039 | €446 | -€592 | -57.0% |
| Total equity and liabilities | 10/49 | €75,639 | €61,590 | -€14,049 | -18.6% |
| Equity | 10/15 | €6,498 | -€1,648 | -€8,147 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298 | -€7,848 | -€8,147 | |
| Amounts payable | 17/49 | €69,141 | €63,238 | -€5,903 | -8.5% |
| Amounts payable within one year | 42/48 | €67,326 | €61,423 | -€5,903 | -8.8% |
| Trade debts | 44 | €24,179 | €18,524 | -€5,655 | -23.4% |
| Suppliers | 440/4 | €24,179 | €18,524 | -€5,655 | -23.4% |
| Taxes, remuneration and social security | 45 | €3,200 | €4,046 | +€846 | +26.4% |
| Taxes | 450/3 | €3,200 | €4,046 | +€846 | +26.4% |
| Other amounts payable | 47/48 | €39,947 | €38,853 | -€1,094 | -2.7% |
| Accrued charges and deferred income | 492/3 | €1,815 | €1,815 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,361 | €3,756 | -€1,605 | -29.9% |
| Other operating charges | 640/8 | €2,787 | €2,757 | -€30 | -1.1% |
| Gross operating margin | 9900 | -€2,083 | -€308 | +€1,775 | +85.2% |
| Operating profit (loss) | 9901 | -€10,232 | -€6,821 | +€3,411 | +33.3% |
| Financial income | 75/76B | €1 | €7 | +€6 | +541% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +541% |
| Financial charges | 65/66B | €1,726 | €1,330 | -€396 | -22.9% |
| Recurring financial charges | 65 | €1,726 | €1,330 | -€396 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,957 | -€8,145 | +€3,812 | +31.9% |
| Income taxes | 67/77 | €0 | €2 | +€2 | +542% |
| Profit (loss) for the period | 9904 | -€11,957 | -€8,147 | +€3,810 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,957 | -€8,147 | +€3,810 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.