BIVteam: 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.
BIVteam
Largest movements
- Receivables within one year +€99,874
up €99,874 (+18.0%), from €554,643 to €654,518
of which Trade receivables: +€94,918
- Deferred charges and accrued income +€24,793
new in 2025: €24,793
- Intangible fixed assets -€22,083
down €22,083 (-29.5%), from €74,863 to €52,780
- Current investments -€21,628
no longer reported in 2025 (was €21,628)
- Cash +€16,913
up €16,913 (+14.5%), from €116,321 to €133,234
mainly Net result for the year (+€65,385) and Other debts (+€55,819)
- Other debts +€55,819
up €55,819 (+184.4%), from €30,267 to €86,086
- Tax, wage and social debts +€41,695
up €41,695 (+14.3%), from €292,417 to €334,112
of which Taxes: +€30,394
- Debts after one year -€34,589
down €34,589 (-60.3%), from €57,332 to €22,743
of which Financial debts: -€32,009
- Current portion of long-term debt +€29,348
up €29,348 (+22.5%), from €130,318 to €159,666
- Trade debts +€29,296
up €29,296 (+35.3%), from €83,052 to €112,349
- Gross operating margin +€128,009
up €128,009 (+15.4%), from €833,365 to €961,373
- Staff costs +€55,538
up €55,538 (+7.9%), from €699,196 to €754,735
- Other operating charges +€18,435
up €18,435 (+116.1%), from €15,883 to €34,318
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 | €1,012,333 | €1,112,275 | +€99,942 | +9.9% |
| Fixed assets | 21/28 | €139,741 | €119,730 | -€20,011 | -14.3% |
| Intangible fixed assets | 21 | €74,863 | €52,780 | -€22,083 | -29.5% |
| Tangible fixed assets | 22/27 | €61,677 | €63,750 | +€2,072 | +3.4% |
| Plant, machinery and equipment | 23 | €19,118 | €13,698 | -€5,420 | -28.4% |
| Furniture and vehicles | 24 | €9,058 | €5,790 | -€3,268 | -36.1% |
| Other tangible fixed assets | 26 | €33,502 | €44,262 | +€10,760 | +32.1% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €872,592 | €992,545 | +€119,953 | +13.7% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €554,643 | €654,518 | +€99,874 | +18.0% |
| Trade receivables | 40 | €379,279 | €474,197 | +€94,918 | +25.0% |
| Other amounts receivable | 41 | €175,365 | €180,321 | +€4,956 | +2.8% |
| Current investments | 50/53 | €21,628 | - | -€21,628 | |
| Cash at bank and in hand | 54/58 | €116,321 | €133,234 | +€16,913 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €24,793 | +€24,793 | |
| Total equity and liabilities | 10/49 | €1,012,333 | €1,112,275 | +€99,942 | +9.9% |
| Equity | 10/15 | €318,946 | €297,318 | -€21,628 | -6.8% |
| Contributions | 10/11 | €161,350 | €161,350 | = | 0.0% |
| Capital | 10 | €161,350 | €161,350 | = | 0.0% |
| Issued capital | 100 | €161,350 | €161,350 | = | 0.0% |
| Reserves | 13 | €37,763 | €16,135 | -€21,628 | -57.3% |
| Non-distributable reserves | 130/1 | €37,763 | €16,135 | -€21,628 | -57.3% |
| Legal reserve | 130 | €16,135 | €16,135 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,628 | - | -€21,628 | |
| Profit (loss) carried forward | 14 | €119,833 | €119,833 | = | 0.0% |
| Amounts payable | 17/49 | €693,387 | €814,957 | +€121,570 | +17.5% |
| Amounts payable after more than one year | 17 | €57,332 | €22,743 | -€34,589 | -60.3% |
| Financial debts | 170/4 | €52,772 | €20,763 | -€32,009 | -60.7% |
| Other amounts payable | 178/9 | €4,560 | €1,980 | -€2,580 | -56.6% |
| Amounts payable within one year | 42/48 | €636,055 | €792,213 | +€156,159 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €130,318 | €159,666 | +€29,348 | +22.5% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €83,052 | €112,349 | +€29,296 | +35.3% |
| Suppliers | 440/4 | €83,052 | €112,349 | +€29,296 | +35.3% |
| Taxes, remuneration and social security | 45 | €292,417 | €334,112 | +€41,695 | +14.3% |
| Taxes | 450/3 | €117,226 | €147,620 | +€30,394 | +25.9% |
| Remuneration and social security | 454/9 | €175,191 | €186,493 | +€11,301 | +6.5% |
| Other amounts payable | 47/48 | €30,267 | €86,086 | +€55,819 | +184.4% |
| Remuneration, social security and pensions | 62 | €699,196 | €754,735 | +€55,538 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,593 | €44,160 | -€433 | -1.0% |
| Other operating charges | 640/8 | €15,883 | €34,318 | +€18,435 | +116.1% |
| Non-recurring operating charges | 66A | €38 | - | -€38 | |
| Gross operating margin | 9900 | €833,365 | €961,373 | +€128,009 | +15.4% |
| Operating profit (loss) | 9901 | €73,655 | €128,161 | +€54,506 | +74.0% |
| Financial income | 75/76B | €9 | €83 | +€74 | +808.5% |
| Recurring financial income | 75 | €9 | €83 | +€74 | +808.5% |
| Financial charges | 65/66B | €7,940 | €14,314 | +€6,374 | +80.3% |
| Recurring financial charges | 65 | €7,940 | €14,314 | +€6,374 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | €65,724 | €113,931 | +€48,207 | +73.3% |
| Income taxes | 67/77 | €39,133 | €48,545 | +€9,412 | +24.1% |
| Profit (loss) for the period | 9904 | €26,591 | €65,385 | +€38,795 | +145.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,591 | €65,385 | +€38,795 | +145.9% |
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 5 October 2026 via checked.be.