BIWEL: 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.
BIWEL
Largest movements
- Receivables within one year -€10,300
down €10,300 (-4.9%), from €211,374 to €201,074
of which Trade receivables: -€10,300
- Cash -€2,498
down €2,498 (-32.3%), from €7,725 to €5,226
mainly Other debts (-€14,474) and Contributions, distributions and other (-€10,107)
- Other debts -€14,474
down €14,474 (-58.7%), from €24,672 to €10,198
- Debts after one year -€8,671
down €8,671 (-13.7%), from €63,409 to €54,738
- Reserves +€3,709
up €3,709 (+4.9%), from €75,943 to €79,653
- Accrued charges and deferred income +€3,540
new in 2025: €3,540
- Financial charges -€3,250
down €3,250 (-36.3%), from €8,942 to €5,693
- Gross operating margin -€1,860
down €1,860 (-6.8%), from €27,517 to €25,657
- Depreciation -€952
down €952 (-100%), from €952 to €0
- Taxes +€699
up €699 (+14.2%), from €4,929 to €5,628
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 | €219,342 | €206,560 | -€12,782 | -5.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €219,342 | €206,560 | -€12,782 | -5.8% |
| Amounts receivable within one year | 40/41 | €211,374 | €201,074 | -€10,300 | -4.9% |
| Trade receivables | 40 | €211,374 | €201,074 | -€10,300 | -4.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,725 | €5,226 | -€2,498 | -32.3% |
| Deferred charges and accrued income | 490/1 | €243 | €260 | +€17 | +6.8% |
| Total equity and liabilities | 10/49 | €219,342 | €206,560 | -€12,782 | -5.8% |
| Equity | 10/15 | €124,543 | €128,253 | +€3,709 | +3.0% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €75,943 | €79,653 | +€3,709 | +4.9% |
| Distributable reserves | 133 | €75,943 | €79,653 | +€3,709 | +4.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,798 | €78,307 | -€16,491 | -17.4% |
| Amounts payable after more than one year | 17 | €63,409 | €54,738 | -€8,671 | -13.7% |
| Other amounts payable | 178/9 | €63,409 | €54,738 | -€8,671 | -13.7% |
| Amounts payable within one year | 42/48 | €31,389 | €20,029 | -€11,360 | -36.2% |
| Trade debts | 44 | €40 | €967 | +€927 | +2,317% |
| Suppliers | 440/4 | €40 | €967 | +€927 | +2,317% |
| Taxes, remuneration and social security | 45 | €6,678 | €8,865 | +€2,187 | +32.7% |
| Taxes | 450/3 | €6,678 | €8,865 | +€2,187 | +32.7% |
| Other amounts payable | 47/48 | €24,672 | €10,198 | -€14,474 | -58.7% |
| Accrued charges and deferred income | 492/3 | - | €3,540 | +€3,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €0 | -€952 | -100% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €27,517 | €25,657 | -€1,860 | -6.8% |
| Operating profit (loss) | 9901 | €26,060 | €25,137 | -€922 | -3.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,942 | €5,693 | -€3,250 | -36.3% |
| Recurring financial charges | 65 | €8,942 | €5,693 | -€3,250 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €17,117 | €19,444 | +€2,327 | +13.6% |
| Income taxes | 67/77 | €4,929 | €5,628 | +€699 | +14.2% |
| Profit (loss) for the period | 9904 | €12,189 | €13,816 | +€1,628 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,189 | €13,816 | +€1,628 | +13.4% |
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 23 October 2026 via checked.be.