BIZ UP: 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.
BIZ UP
Largest movements
- Receivables within one year +€51,852
up €51,852 (+18.4%), from €281,379 to €333,231
of which Other amounts receivable: +€30,476
- Financial fixed assets +€12,400
up €12,400 (+37.0%), from €33,472 to €45,872
- Tangible fixed assets -€9,489
down €9,489 (-10.7%), from €88,853 to €79,364
of which Plant, machinery and equipment: -€11,727
- Reserves +€58,046
up €58,046 (+13.2%), from €439,063 to €497,109
of which Distributable reserves: +€58,046
- Accrued charges and deferred income +€30,428
new in 2025: €30,428
- Tax, wage and social debts -€16,280
down €16,280 (-24.2%), from €67,395 to €51,115
- Debts after one year -€14,489
down €14,489 (-35.0%), from €41,452 to €26,963
- Taxes +€16,072
up €16,072 (+72.2%), from €22,263 to €38,335
- Other operating charges -€9,091
down €9,091 (-48.8%), from €18,612 to €9,521
- Depreciation -€2,713
down €2,713 (-16.7%), from €16,252 to €13,539
- Gross operating margin -€1,251
down €1,251 (-1.0%), from €124,906 to €123,655
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 | €674,386 | €733,130 | +€58,743 | +8.7% |
| Fixed assets | 21/28 | €122,324 | €125,235 | +€2,911 | +2.4% |
| Tangible fixed assets | 22/27 | €88,853 | €79,364 | -€9,489 | -10.7% |
| Plant, machinery and equipment | 23 | €83,539 | €71,813 | -€11,727 | -14.0% |
| Furniture and vehicles | 24 | €1,214 | €4,476 | +€3,262 | +269% |
| Other tangible fixed assets | 26 | €4,099 | €3,075 | -€1,025 | -25.0% |
| Financial fixed assets | 28 | €33,472 | €45,872 | +€12,400 | +37.0% |
| Current assets | 29/58 | €552,062 | €607,894 | +€55,832 | +10.1% |
| Amounts receivable after more than one year | 29 | €267,998 | €267,998 | = | 0.0% |
| Other amounts receivable | 291 | €267,998 | €267,998 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €281,379 | €333,231 | +€51,852 | +18.4% |
| Trade receivables | 40 | €48,900 | €70,276 | +€21,376 | +43.7% |
| Other amounts receivable | 41 | €232,479 | €262,955 | +€30,476 | +13.1% |
| Cash at bank and in hand | 54/58 | €2,440 | €6,666 | +€4,226 | +173% |
| Deferred charges and accrued income | 490/1 | €245 | - | -€245 | |
| Total equity and liabilities | 10/49 | €674,386 | €733,130 | +€58,743 | +8.7% |
| Equity | 10/15 | €457,663 | €515,709 | +€58,046 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €439,063 | €497,109 | +€58,046 | +13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €437,203 | €495,249 | +€58,046 | +13.3% |
| Amounts payable | 17/49 | €216,723 | €217,421 | +€698 | +0.3% |
| Amounts payable after more than one year | 17 | €41,452 | €26,963 | -€14,489 | -35.0% |
| Financial debts | 170/4 | €41,452 | €26,963 | -€14,489 | -35.0% |
| Amounts payable within one year | 42/48 | €175,271 | €160,029 | -€15,242 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €28,907 | €29,489 | +€581 | +2.0% |
| Financial debts | 43 | €24,592 | €30,558 | +€5,966 | +24.3% |
| Credit institutions | 430/8 | €24,592 | €30,558 | +€5,966 | +24.3% |
| Trade debts | 44 | €38,100 | €36,489 | -€1,610 | -4.2% |
| Suppliers | 440/4 | €38,100 | €36,489 | -€1,610 | -4.2% |
| Taxes, remuneration and social security | 45 | €67,395 | €51,115 | -€16,280 | -24.2% |
| Taxes | 450/3 | €67,395 | €51,115 | -€16,280 | -24.2% |
| Other amounts payable | 47/48 | €16,278 | €12,378 | -€3,900 | -24.0% |
| Accrued charges and deferred income | 492/3 | - | €30,428 | +€30,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,252 | €13,539 | -€2,713 | -16.7% |
| Other operating charges | 640/8 | €18,612 | €9,521 | -€9,091 | -48.8% |
| Gross operating margin | 9900 | €124,906 | €123,655 | -€1,251 | -1.0% |
| Operating profit (loss) | 9901 | €90,043 | €100,595 | +€10,552 | +11.7% |
| Financial income | 75/76B | €8,022 | €7,607 | -€415 | -5.2% |
| Recurring financial income | 75 | €8,022 | €7,607 | -€415 | -5.2% |
| Financial charges | 65/66B | €11,349 | €11,821 | +€471 | +4.2% |
| Recurring financial charges | 65 | €11,349 | €11,821 | +€471 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €86,715 | €96,381 | +€9,666 | +11.1% |
| Income taxes | 67/77 | €22,263 | €38,335 | +€16,072 | +72.2% |
| Profit (loss) for the period | 9904 | €64,452 | €58,046 | -€6,406 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,452 | €58,046 | -€6,406 | -9.9% |
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 29 October 2026 via checked.be.