BIZcon: 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.
BIZcon
Largest movements
- Receivables after one year -€90,000
down €90,000 (-50.0%), from €180,000 to €90,000
- Cash -€42,351
down €42,351 (-83.2%), from €50,912 to €8,561
mainly Debts after one year (-€85,563) and Contributions, distributions and other (-€63,991)
- Tangible fixed assets -€28,412
down €28,412 (-2.1%), from €1.3m to €1.3m
of which Land and buildings: -€21,289
- Receivables within one year +€17,612
up €17,612 (+13.7%), from €128,617 to €146,229
of which Trade receivables: +€10,639
- Debts after one year -€85,563
down €85,563 (-11.4%), from €748,721 to €663,158
of which Financial debts: -€62,595
- Tax, wage and social debts -€36,727
down €36,727 (-84.0%), from €43,743 to €7,016
- Reserves -€24,281
down €24,281 (-2.8%), from €861,651 to €837,370
- Gross operating margin -€121,911
down €121,911 (-50.2%), from €242,680 to €120,770
- Depreciation -€65,883
down €65,883 (-69.9%), from €94,296 to €28,412
- Taxes -€17,212
down €17,212 (-51.7%), from €33,310 to €16,098
- Financial income -€8,049
down €8,049 (-97.4%), from €8,263 to €214
- Financial charges -€5,319
down €5,319 (-14.9%), from €35,756 to €30,437
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 | €1,731,919 | €1,595,371 | -€136,547 | -7.9% |
| Fixed assets | 21/28 | €1,334,861 | €1,309,449 | -€25,412 | -1.9% |
| Tangible fixed assets | 22/27 | €1,334,861 | €1,306,449 | -€28,412 | -2.1% |
| Land and buildings | 22 | €1,298,007 | €1,276,717 | -€21,289 | -1.6% |
| Furniture and vehicles | 24 | €30,796 | €25,437 | -€5,359 | -17.4% |
| Other tangible fixed assets | 26 | €6,059 | €4,294 | -€1,764 | -29.1% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €397,058 | €285,923 | -€111,135 | -28.0% |
| Amounts receivable after more than one year | 29 | €180,000 | €90,000 | -€90,000 | -50.0% |
| Other amounts receivable | 291 | €180,000 | €90,000 | -€90,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €128,617 | €146,229 | +€17,612 | +13.7% |
| Trade receivables | 40 | €31,688 | €42,327 | +€10,639 | +33.6% |
| Other amounts receivable | 41 | €96,929 | €103,902 | +€6,973 | +7.2% |
| Current investments | 50/53 | - | €10,114 | +€10,114 | |
| Cash at bank and in hand | 54/58 | €50,912 | €8,561 | -€42,351 | -83.2% |
| Deferred charges and accrued income | 490/1 | €37,529 | €31,018 | -€6,510 | -17.3% |
| Total equity and liabilities | 10/49 | €1,731,919 | €1,595,371 | -€136,547 | -7.9% |
| Equity | 10/15 | €874,251 | €849,970 | -€24,281 | -2.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €861,651 | €837,370 | -€24,281 | -2.8% |
| Distributable reserves | 133 | €861,651 | €837,370 | -€24,281 | -2.8% |
| Amounts payable | 17/49 | €857,668 | €745,402 | -€112,267 | -13.1% |
| Amounts payable after more than one year | 17 | €748,721 | €663,158 | -€85,563 | -11.4% |
| Financial debts | 170/4 | €542,948 | €480,352 | -€62,595 | -11.5% |
| Other amounts payable | 178/9 | €205,774 | €182,806 | -€22,968 | -11.2% |
| Amounts payable within one year | 42/48 | €107,923 | €81,203 | -€26,720 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €58,870 | €62,374 | +€3,504 | +6.0% |
| Financial debts | 43 | - | €84 | +€84 | |
| Credit institutions | 430/8 | - | €84 | +€84 | |
| Trade debts | 44 | €4,451 | €6,784 | +€2,333 | +52.4% |
| Suppliers | 440/4 | €4,451 | €6,784 | +€2,333 | +52.4% |
| Taxes, remuneration and social security | 45 | €43,743 | €7,016 | -€36,727 | -84.0% |
| Taxes | 450/3 | €43,743 | €7,016 | -€36,727 | -84.0% |
| Other amounts payable | 47/48 | €859 | €4,945 | +€4,086 | +476% |
| Accrued charges and deferred income | 492/3 | €1,025 | €1,040 | +€16 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,296 | €28,412 | -€65,883 | -69.9% |
| Other operating charges | 640/8 | €5,966 | €6,325 | +€359 | +6.0% |
| Gross operating margin | 9900 | €242,680 | €120,770 | -€121,911 | -50.2% |
| Operating profit (loss) | 9901 | €142,418 | €86,032 | -€56,386 | -39.6% |
| Financial income | 75/76B | €8,263 | €214 | -€8,049 | -97.4% |
| Recurring financial income | 75 | €8,263 | €214 | -€8,049 | -97.4% |
| Financial charges | 65/66B | €35,756 | €30,437 | -€5,319 | -14.9% |
| Recurring financial charges | 65 | €35,756 | €30,437 | -€5,319 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €114,926 | €55,809 | -€59,117 | -51.4% |
| Income taxes | 67/77 | €33,310 | €16,098 | -€17,212 | -51.7% |
| Profit (loss) for the period | 9904 | €81,615 | €39,710 | -€41,905 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,615 | €39,710 | -€41,905 | -51.3% |
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 25 October 2026 via checked.be.