Bizdev: 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.
Bizdev
Largest movements
- Receivables within one year +€18,938
up €18,938 (+133%), from €14,220 to €33,158
of which Trade receivables: +€15,044
- Current investments -€3,500
down €3,500 (-3.3%), from €107,500 to €104,000
- Cash -€2,724
no longer reported in 2025 (was €2,724)
mainly Receivables within one year (-€18,938) and Tax, wage and social debts (-€9,282)
- Reserves +€24,026
up €24,026 (+21.3%), from €112,888 to €136,914
- Tax, wage and social debts -€9,282
down €9,282 (-42.4%), from €21,909 to €12,626
- Trade debts -€3,190
down €3,190 (-55.8%), from €5,718 to €2,528
- Other debts -€1,950
down €1,950 (-34.4%), from €5,671 to €3,720
- Gross operating margin +€8,414
up €8,414 (+27.7%), from €30,349 to €38,763
- Taxes +€1,734
up €1,734 (+18.1%), from €9,576 to €11,310
- Financial charges -€795
down €795 (-23.3%), from €3,418 to €2,622
- Depreciation -€664
down €664 (-31.1%), from €2,133 to €1,470
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 | €146,685 | €157,085 | +€10,400 | +7.1% |
| Fixed assets | 21/28 | €2,129 | €659 | -€1,470 | -69.0% |
| Tangible fixed assets | 22/27 | €1,979 | €509 | -€1,470 | -74.3% |
| Furniture and vehicles | 24 | €1,979 | €509 | -€1,470 | -74.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €144,556 | €156,426 | +€11,870 | +8.2% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,220 | €33,158 | +€18,938 | +133% |
| Trade receivables | 40 | €14,145 | €29,189 | +€15,044 | +106% |
| Other amounts receivable | 41 | €75 | €3,969 | +€3,893 | +5,177% |
| Current investments | 50/53 | €107,500 | €104,000 | -€3,500 | -3.3% |
| Cash at bank and in hand | 54/58 | €2,724 | - | -€2,724 | |
| Deferred charges and accrued income | 490/1 | €2,112 | €1,268 | -€844 | -40.0% |
| Total equity and liabilities | 10/49 | €146,685 | €157,085 | +€10,400 | +7.1% |
| Equity | 10/15 | €113,388 | €137,414 | +€24,026 | +21.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €112,888 | €136,914 | +€24,026 | +21.3% |
| Distributable reserves | 133 | €112,888 | €136,914 | +€24,026 | +21.3% |
| Amounts payable | 17/49 | €33,297 | €19,671 | -€13,626 | -40.9% |
| Amounts payable within one year | 42/48 | €33,297 | €19,671 | -€13,626 | -40.9% |
| Financial debts | 43 | - | €796 | +€796 | |
| Credit institutions | 430/8 | - | €796 | +€796 | |
| Trade debts | 44 | €5,718 | €2,528 | -€3,190 | -55.8% |
| Suppliers | 440/4 | €5,718 | €2,528 | -€3,190 | -55.8% |
| Taxes, remuneration and social security | 45 | €21,909 | €12,626 | -€9,282 | -42.4% |
| Taxes | 450/3 | €21,909 | €12,626 | -€9,282 | -42.4% |
| Other amounts payable | 47/48 | €5,671 | €3,720 | -€1,950 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,133 | €1,470 | -€664 | -31.1% |
| Other operating charges | 640/8 | €702 | €695 | -€7 | -1.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,349 | €38,763 | +€8,414 | +27.7% |
| Operating profit (loss) | 9901 | €27,515 | €36,599 | +€9,084 | +33.0% |
| Financial income | 75/76B | €1,125 | €1,360 | +€235 | +20.8% |
| Recurring financial income | 75 | €1,125 | €1,360 | +€235 | +20.8% |
| Financial charges | 65/66B | €3,418 | €2,622 | -€795 | -23.3% |
| Recurring financial charges | 65 | €3,418 | €2,622 | -€795 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €25,222 | €35,336 | +€10,114 | +40.1% |
| Income taxes | 67/77 | €9,576 | €11,310 | +€1,734 | +18.1% |
| Profit (loss) for the period | 9904 | €15,646 | €24,026 | +€8,380 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,646 | €24,026 | +€8,380 | +53.6% |
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 13 October 2026 via checked.be.