BIZUP: what changed
BIZUP
Largest movements
- Cash +€90,979
up €90,979 (+104%), from €87,516 to €178,495
mainly Net result for the year (+€56,193) and Stocks and contracts (+€37,812)
- Stocks and contracts -€37,812
down €37,812 (-50.3%), from €75,118 to €37,306
- Receivables within one year +€22,534
up €22,534 (+13,345%), from €169 to €22,703
of which Other amounts receivable: +€22,661
- Tangible fixed assets -€3,726
down €3,726 (-34.9%), from €10,678 to €6,952
of which Plant, machinery and equipment: -€2,599
- Profit (loss) carried forward +€56,193
up €56,193 (+57.9%), from -€96,975 to -€40,782
- Advances received -€26,869
down €26,869 (-15.4%), from €174,818 to €147,949
- Tax, wage and social debts +€22,778
up €22,778 (+130%), from €17,578 to €40,356
of which Taxes: +€18,216
- Other debts +€13,556
up €13,556 (+160%), from €8,473 to €22,029
- Trade debts +€5,602
up €5,602 (+9.1%), from €61,840 to €67,442
- Gross operating margin +€90,404
up €90,404 (+57.9%), from €156,199 to €246,602
- Staff costs +€25,400
up €25,400 (+22.9%), from €110,830 to €136,230
- Depreciation -€3,342
down €3,342 (-39.6%), from €8,430 to €5,088
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 | €195,055 | €267,562 | +€72,507 | +37.2% |
| Fixed assets | 21/28 | €28,724 | €24,998 | -€3,726 | -13.0% |
| Tangible fixed assets | 22/27 | €10,678 | €6,952 | -€3,726 | -34.9% |
| Plant, machinery and equipment | 23 | €4,540 | €1,941 | -€2,599 | -57.2% |
| Furniture and vehicles | 24 | €3,499 | €2,693 | -€806 | -23.0% |
| Other tangible fixed assets | 26 | €2,640 | €2,319 | -€321 | -12.2% |
| Financial fixed assets | 28 | €18,046 | €18,046 | = | 0.0% |
| Current assets | 29/58 | €166,331 | €242,564 | +€76,233 | +45.8% |
| Stocks and contracts in progress | 3 | €75,118 | €37,306 | -€37,812 | -50.3% |
| Stocks | 30/36 | €75,118 | €37,306 | -€37,812 | -50.3% |
| Amounts receivable within one year | 40/41 | €169 | €22,703 | +€22,534 | +13,345% |
| Trade receivables | 40 | €127 | - | -€127 | |
| Other amounts receivable | 41 | €41 | €22,703 | +€22,661 | +54,658% |
| Cash at bank and in hand | 54/58 | €87,516 | €178,495 | +€90,979 | +104% |
| Deferred charges and accrued income | 490/1 | €3,528 | €4,060 | +€532 | +15.1% |
| Total equity and liabilities | 10/49 | €195,055 | €267,562 | +€72,507 | +37.2% |
| Equity | 10/15 | -€67,972 | -€11,779 | +€56,193 | +82.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,402 | €10,402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €227 | €227 | = | 0.0% |
| Reserves not available under the articles | 1311 | €227 | €227 | = | 0.0% |
| Distributable reserves | 133 | €10,175 | €10,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,975 | -€40,782 | +€56,193 | +57.9% |
| Amounts payable | 17/49 | €263,027 | €279,341 | +€16,314 | +6.2% |
| Amounts payable within one year | 42/48 | €262,708 | €277,776 | +€15,068 | +5.7% |
| Trade debts | 44 | €61,840 | €67,442 | +€5,602 | +9.1% |
| Suppliers | 440/4 | €61,840 | €67,442 | +€5,602 | +9.1% |
| Advances received on contracts in progress | 46 | €174,818 | €147,949 | -€26,869 | -15.4% |
| Taxes, remuneration and social security | 45 | €17,578 | €40,356 | +€22,778 | +130% |
| Taxes | 450/3 | €7,704 | €25,920 | +€18,216 | +236% |
| Remuneration and social security | 454/9 | €9,874 | €14,437 | +€4,563 | +46.2% |
| Other amounts payable | 47/48 | €8,473 | €22,029 | +€13,556 | +160% |
| Accrued charges and deferred income | 492/3 | €319 | €1,565 | +€1,247 | +391% |
| Remuneration, social security and pensions | 62 | €110,830 | €136,230 | +€25,400 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,430 | €5,088 | -€3,342 | -39.6% |
| Other operating charges | 640/8 | €9,505 | €7,165 | -€2,340 | -24.6% |
| Gross operating margin | 9900 | €156,199 | €246,602 | +€90,404 | +57.9% |
| Operating profit (loss) | 9901 | €27,434 | €98,120 | +€70,686 | +258% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €42,003 | €39,614 | -€2,389 | -5.7% |
| Recurring financial charges | 65 | €41,940 | €39,614 | -€2,326 | -5.5% |
| Non-recurring financial charges | 66B | €63 | - | -€63 | |
| Profit (loss) for the period before taxes | 9903 | -€14,569 | €58,506 | +€73,075 | |
| Income taxes | 67/77 | €185 | €2,313 | +€2,128 | +1,153% |
| Profit (loss) for the period | 9904 | -€14,754 | €56,193 | +€70,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,754 | €56,193 | +€70,947 |
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 6 November 2026 via checked.be.