BIZAC: 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.
BIZAC
Largest movements
- Cash -€10,916
down €10,916 (-52.6%), from €20,758 to €9,842
mainly Investment in fixed assets (net) (-€32,908) and Debts after one year (-€10,657)
- Tangible fixed assets +€10,229
up €10,229 (+2.0%), from €524,185 to €534,414
of which Furniture and vehicles: +€23,031
- Debts after one year -€10,657
down €10,657 (-3.7%), from €284,432 to €273,775
of which Financial debts: -€10,657
- Trade debts +€6,644
up €6,644 (+69.1%), from €9,614 to €16,258
- Gross operating margin -€18,694
down €18,694 (-18.5%), from €101,038 to €82,344
- Depreciation +€3,039
up €3,039 (+15.6%), from €19,435 to €22,474
- Taxes -€2,337
down €2,337 (-48.1%), from €4,864 to €2,527
- Staff costs +€1,155
up €1,155 (+2.9%), from €40,385 to €41,540
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 | €551,592 | €556,832 | +€5,240 | +0.9% |
| Fixed assets | 21/28 | €525,592 | €536,026 | +€10,434 | +2.0% |
| Tangible fixed assets | 22/27 | €524,185 | €534,414 | +€10,229 | +2.0% |
| Land and buildings | 22 | €488,494 | €474,731 | -€13,763 | -2.8% |
| Furniture and vehicles | 24 | €1,435 | €24,466 | +€23,031 | +1,605% |
| Other tangible fixed assets | 26 | €34,256 | €35,216 | +€960 | +2.8% |
| Financial fixed assets | 28 | €1,407 | €1,612 | +€205 | +14.6% |
| Current assets | 29/58 | €26,000 | €20,806 | -€5,194 | -20.0% |
| Amounts receivable within one year | 40/41 | €5,242 | €10,430 | +€5,188 | +99.0% |
| Trade receivables | 40 | €4,922 | €7,452 | +€2,530 | +51.4% |
| Other amounts receivable | 41 | €320 | €2,978 | +€2,658 | +831% |
| Cash at bank and in hand | 54/58 | €20,758 | €9,842 | -€10,916 | -52.6% |
| Deferred charges and accrued income | 490/1 | - | €533 | +€533 | |
| Total equity and liabilities | 10/49 | €551,592 | €556,832 | +€5,240 | +0.9% |
| Equity | 10/15 | €202,198 | €206,511 | +€4,313 | +2.1% |
| Contributions | 10/11 | €19,743 | €18,592 | -€1,151 | -5.8% |
| Revaluation surpluses | 12 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €3,263 | €4,415 | +€1,152 | +35.3% |
| Distributable reserves | 133 | €3,263 | €4,415 | +€1,152 | +35.3% |
| Profit (loss) carried forward | 14 | €64,192 | €68,504 | +€4,312 | +6.7% |
| Amounts payable | 17/49 | €349,394 | €350,321 | +€927 | +0.3% |
| Amounts payable after more than one year | 17 | €284,432 | €273,775 | -€10,657 | -3.7% |
| Financial debts | 170/4 | €283,332 | €272,675 | -€10,657 | -3.8% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,962 | €76,545 | +€11,583 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €26,424 | €31,555 | +€5,131 | +19.4% |
| Trade debts | 44 | €9,614 | €16,258 | +€6,644 | +69.1% |
| Suppliers | 440/4 | €9,614 | €16,258 | +€6,644 | +69.1% |
| Taxes, remuneration and social security | 45 | €6,335 | €4,478 | -€1,857 | -29.3% |
| Taxes | 450/3 | €5,785 | €102 | -€5,683 | -98.2% |
| Remuneration and social security | 454/9 | €550 | €4,376 | +€3,826 | +696% |
| Other amounts payable | 47/48 | €22,589 | €24,254 | +€1,665 | +7.4% |
| Remuneration, social security and pensions | 62 | €40,385 | €41,540 | +€1,155 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,435 | €22,474 | +€3,039 | +15.6% |
| Other operating charges | 640/8 | €4,785 | €5,153 | +€368 | +7.7% |
| Non-recurring operating charges | 66A | €6,998 | - | -€6,998 | |
| Gross operating margin | 9900 | €101,038 | €82,344 | -€18,694 | -18.5% |
| Operating profit (loss) | 9901 | €29,435 | €13,177 | -€16,258 | -55.2% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €6,854 | €6,352 | -€502 | -7.3% |
| Recurring financial charges | 65 | €6,854 | €6,352 | -€502 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €22,581 | €6,839 | -€15,742 | -69.7% |
| Income taxes | 67/77 | €4,864 | €2,527 | -€2,337 | -48.1% |
| Profit (loss) for the period | 9904 | €17,717 | €4,312 | -€13,405 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,717 | €4,312 | -€13,405 | -75.7% |
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.