BIZW: what changed
BIZW
Largest movements
- Receivables within one year +€13,042
up €13,042 (+100.0%), from €13,044 to €26,086
of which Trade receivables: +€11,778
- Tangible fixed assets +€4,927
up €4,927 (+12.3%), from €40,202 to €45,128
of which Plant, machinery and equipment: +€16,946
- Cash +€4,620
up €4,620 (+20.2%), from €22,920 to €27,540
mainly Net result for the year (+€15,260) and Depreciation (+€14,622)
- Tax, wage and social debts +€11,600
up €11,600 (+104%), from €11,159 to €22,758
of which Remuneration and social security: +€8,265
- Reserves +€8,107
up €8,107 (+18.0%), from €44,929 to €53,035
- Debts after one year -€7,595
down €7,595 (-69.9%), from €10,858 to €3,263
- Profit (loss) carried forward +€6,321
no longer reported in 2026 (was -€6,321)
- Other debts +€3,352
up €3,352 (+110%), from €3,057 to €6,409
- Gross operating margin +€32,816
up €32,816 (+389%), from €8,434 to €41,250
- Taxes +€6,333
up €6,333 (+363%), from €1,745 to €8,078
- Depreciation +€5,004
up €5,004 (+52.0%), from €9,618 to €14,622
- Financial income +€500
up €500 (+5,000,100%), from €0 to €500
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,165 | €98,813 | +€22,647 | +29.7% |
| Fixed assets | 21/28 | €40,202 | €45,128 | +€4,927 | +12.3% |
| Tangible fixed assets | 22/27 | €40,202 | €45,128 | +€4,927 | +12.3% |
| Plant, machinery and equipment | 23 | €1,628 | €18,574 | +€16,946 | +1,041% |
| Furniture and vehicles | 24 | €29,379 | €18,843 | -€10,536 | -35.9% |
| Other tangible fixed assets | 26 | €9,194 | €7,712 | -€1,483 | -16.1% |
| Current assets | 29/58 | €35,964 | €53,684 | +€17,721 | +49.3% |
| Amounts receivable within one year | 40/41 | €13,044 | €26,086 | +€13,042 | +100.0% |
| Trade receivables | 40 | €12,840 | €24,617 | +€11,778 | +91.7% |
| Other amounts receivable | 41 | €204 | €1,468 | +€1,264 | +620% |
| Cash at bank and in hand | 54/58 | €22,920 | €27,540 | +€4,620 | +20.2% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €76,165 | €98,813 | +€22,647 | +29.7% |
| Equity | 10/15 | €41,608 | €56,035 | +€14,427 | +34.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,929 | €53,035 | +€8,107 | +18.0% |
| Distributable reserves | 133 | €44,929 | €53,035 | +€8,107 | +18.0% |
| Profit (loss) carried forward | 14 | -€6,321 | - | +€6,321 | |
| Amounts payable | 17/49 | €34,558 | €42,778 | +€8,220 | +23.8% |
| Amounts payable after more than one year | 17 | €10,858 | €3,263 | -€7,595 | -69.9% |
| Financial debts | 170/4 | €10,858 | €3,263 | -€7,595 | -69.9% |
| Amounts payable within one year | 42/48 | €23,699 | €39,515 | +€15,815 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €7,273 | €7,595 | +€322 | +4.4% |
| Trade debts | 44 | €2,210 | €2,752 | +€542 | +24.5% |
| Suppliers | 440/4 | €2,210 | €2,752 | +€542 | +24.5% |
| Taxes, remuneration and social security | 45 | €11,159 | €22,758 | +€11,600 | +104% |
| Taxes | 450/3 | €4,743 | €8,078 | +€3,335 | +70.3% |
| Remuneration and social security | 454/9 | €6,416 | €14,680 | +€8,265 | +129% |
| Other amounts payable | 47/48 | €3,057 | €6,409 | +€3,352 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,618 | €14,622 | +€5,004 | +52.0% |
| Other operating charges | 640/8 | €2,215 | €2,240 | +€26 | +1.2% |
| Non-recurring operating charges | 66A | - | €415 | +€415 | |
| Gross operating margin | 9900 | €8,434 | €41,250 | +€32,816 | +389% |
| Operating profit (loss) | 9901 | -€3,399 | €23,973 | +€27,371 | |
| Financial income | 75/76B | €0 | €500 | +€500 | +5,000,100% |
| Recurring financial income | 75 | €0 | €500 | +€500 | +5,000,100% |
| Financial charges | 65/66B | €1,177 | €1,134 | -€43 | -3.7% |
| Recurring financial charges | 65 | €1,177 | €1,134 | -€43 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,576 | €23,339 | +€27,915 | |
| Income taxes | 67/77 | €1,745 | €8,078 | +€6,333 | +363% |
| Profit (loss) for the period | 9904 | -€6,321 | €15,260 | +€21,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,321 | €15,260 | +€21,581 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.