BIZERT: what changed
BIZERT
Largest movements
- Tangible fixed assets +€46,338
up €46,338 (+137%), from €33,764 to €80,102
of which Plant, machinery and equipment: +€44,594
- Receivables within one year +€28,391
up €28,391 (+298%), from €9,527 to €37,917
- Cash -€1,408
down €1,408 (-34.8%), from €4,043 to €2,635
mainly Investment in fixed assets (net) (-€59,224) and Receivables within one year (-€28,391)
- Profit (loss) carried forward +€34,886
up €34,886, from -€15,583 to €19,302
- Tax, wage and social debts +€13,086
up €13,086 (+1,126%), from €1,162 to €14,249
- Trade debts +€12,838
up €12,838 (+3,830%), from €335 to €13,173
- Other debts +€12,800
up €12,800 (+20.7%), from €61,980 to €74,780
- Gross operating margin +€34,437
up €34,437 (+242%), from €14,247 to €48,684
- Depreciation +€7,051
up €7,051 (+121%), from €5,835 to €12,886
- Taxes -€5,909
no longer reported in 2025 (was €5,909)
- Other operating charges -€1,879
down €1,879 (-80.2%), from €2,343 to €464
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,158 | €127,704 | +€73,546 | +136% |
| Fixed assets | 21/28 | €33,764 | €80,102 | +€46,338 | +137% |
| Tangible fixed assets | 22/27 | €33,764 | €80,102 | +€46,338 | +137% |
| Land and buildings | 22 | - | €1,992 | +€1,992 | |
| Plant, machinery and equipment | 23 | €3,009 | €47,603 | +€44,594 | +1,482% |
| Furniture and vehicles | 24 | €30,755 | €30,507 | -€248 | -0.8% |
| Current assets | 29/58 | €20,394 | €47,602 | +€27,208 | +133% |
| Stocks and contracts in progress | 3 | €6,825 | €7,050 | +€225 | +3.3% |
| Stocks | 30/36 | €6,825 | €7,050 | +€225 | +3.3% |
| Amounts receivable within one year | 40/41 | €9,527 | €37,917 | +€28,391 | +298% |
| Other amounts receivable | 41 | €9,527 | €37,917 | +€28,391 | +298% |
| Cash at bank and in hand | 54/58 | €4,043 | €2,635 | -€1,408 | -34.8% |
| Total equity and liabilities | 10/49 | €54,158 | €127,704 | +€73,546 | +136% |
| Equity | 10/15 | -€9,383 | €25,502 | +€34,886 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,583 | €19,302 | +€34,886 | |
| Amounts payable | 17/49 | €63,541 | €102,201 | +€38,660 | +60.8% |
| Amounts payable within one year | 42/48 | €63,477 | €102,201 | +€38,724 | +61.0% |
| Trade debts | 44 | €335 | €13,173 | +€12,838 | +3,830% |
| Suppliers | 440/4 | €335 | €13,173 | +€12,838 | +3,830% |
| Taxes, remuneration and social security | 45 | €1,162 | €14,249 | +€13,086 | +1,126% |
| Taxes | 450/3 | €1,162 | €14,249 | +€13,086 | +1,126% |
| Other amounts payable | 47/48 | €61,980 | €74,780 | +€12,800 | +20.7% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Non-recurring operating income | 76A | €2,000 | €72,194 | +€70,194 | +3,510% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,835 | €12,886 | +€7,051 | +121% |
| Other operating charges | 640/8 | €2,343 | €464 | -€1,879 | -80.2% |
| Non-recurring operating charges | 66A | €2,276 | - | -€2,276 | |
| Gross operating margin | 9900 | €14,247 | €48,684 | +€34,437 | +242% |
| Operating profit (loss) | 9901 | €3,793 | €35,334 | +€31,541 | +832% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €334 | €449 | +€115 | +34.5% |
| Recurring financial charges | 65 | €113 | €359 | +€245 | +216% |
| Non-recurring financial charges | 66B | €220 | €90 | -€130 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €3,459 | €34,886 | +€31,426 | +908% |
| Income taxes | 67/77 | €5,909 | - | -€5,909 | |
| Profit (loss) for the period | 9904 | -€2,450 | €34,886 | +€37,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,450 | €34,886 | +€37,336 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.