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Bizz-Init: 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.

What changed

Bizz-Init

BE 0458.726.856
NACE 18.120, Other printing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,065
2024 · -€56,703+€54,639
Equity
€3.9m
2024 · €894,008+€3.0m
Cash
€331
2024 · €13,200-€12,869
Balance sheet total
€4.2m
2024 · €1.3m+€2.9m

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€2.9m

    up €2.9m (+241%), from €1.2m to €4.1m

    of which Land and buildings: +€2.9m

  • Receivables after one year -€54,330

    down €54,330 (-100%), from €54,330 to €0

Equity and liabilities
  • Revaluation surpluses +€3.0m

    new in 2025: €3.0m

  • Debts after one year -€75,316

    down €75,316 (-24.9%), from €302,312 to €226,996

Income statement
  • Gross operating margin +€50,823

    up €50,823 (+115%), from €44,304 to €95,127

  • Financial charges -€6,453

    down €6,453 (-57.5%), from €11,220 to €4,767

    of which Non-recurring financial charges: -€5,673

  • Financial income -€2,459

    down €2,459 (-100%), from €2,459 to €0

  • Other operating charges +€1,451

    up €1,451 (+14.0%), from €10,348 to €11,798

  • Depreciation -€1,272

    down €1,272 (-1.6%), from €81,899 to €80,627

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€56,703
Gross operating margin +€50,823
Depreciation +€1,272
Other operating charges -€1,451
Financial income -€2,459
Financial charges +€6,453
Result 2025 -€2,065
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€115,930
Investment -€3.0m
Financing +€2.9m
Cash 2024 €13,200
Net result for the year -€2,065
Depreciation +€80,627
Receivables after one year +€54,330
Receivables within one year -€15,136
Smaller working-capital items -€1,827
Investment in fixed assets (net) -€3.0m
Debts after one year -€75,316
Current portion of long-term debt +€847
Contributions, distributions and other +€3.0m
Cash 2025 €331
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,287,439 €4,168,161 +€2.9m +224%
Fixed assets 21/28 €1,215,192 €4,147,978 +€2.9m +241%
Tangible fixed assets 22/27 €1,215,192 €4,147,978 +€2.9m +241%
Land and buildings 22 €1,214,578 €4,147,843 +€2.9m +242%
Furniture and vehicles 24 €614 €135 -€479 -78.1%
Current assets 29/58 €72,247 €20,183 -€52,064 -72.1%
Amounts receivable after more than one year 29 €54,330 €0 -€54,330 -100%
Other amounts receivable 291 €54,330 €0 -€54,330 -100%
Amounts receivable within one year 40/41 €4,716 €19,852 +€15,136 +321%
Trade receivables 40 €4,681 €4,029 -€652 -13.9%
Other amounts receivable 41 €35 €15,823 +€15,788 +44,750%
Cash at bank and in hand 54/58 €13,200 €331 -€12,869 -97.5%
Total equity and liabilities 10/49 €1,287,439 €4,168,161 +€2.9m +224%
Equity 10/15 €894,008 €3,851,026 +€3.0m +331%
Contributions 10/11 €1,000,000 €1,000,000 = 0.0%
Revaluation surpluses 12 - €2,959,082 +€3.0m
Reserves 13 €100,751 €100,751 = 0.0%
Distributable reserves 133 €100,751 €100,751 = 0.0%
Profit (loss) carried forward 14 -€206,742 -€208,807 -€2,065 -1.0%
Amounts payable 17/49 €393,430 €317,135 -€76,295 -19.4%
Amounts payable after more than one year 17 €302,312 €226,996 -€75,316 -24.9%
Financial debts 170/4 €302,312 €226,996 -€75,316 -24.9%
Amounts payable within one year 42/48 €91,118 €90,139 -€979 -1.1%
Current portion of amounts payable after more than one year 42 €74,469 €75,316 +€847 +1.1%
Trade debts 44 €4,532 €5,419 +€887 +19.6%
Suppliers 440/4 €4,532 €5,419 +€887 +19.6%
Taxes, remuneration and social security 45 €1,671 €1,948 +€277 +16.6%
Taxes 450/3 €1,671 €1,948 +€277 +16.6%
Other amounts payable 47/48 €10,446 €7,455 -€2,991 -28.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €81,899 €80,627 -€1,272 -1.6%
Other operating charges 640/8 €10,348 €11,798 +€1,451 +14.0%
Gross operating margin 9900 €44,304 €95,127 +€50,823 +115%
Operating profit (loss) 9901 -€47,943 €2,702 +€50,645
Financial income 75/76B €2,459 €0 -€2,459 -100%
Recurring financial income 75 €2,459 €0 -€2,459 -100%
Financial charges 65/66B €11,220 €4,767 -€6,453 -57.5%
Recurring financial charges 65 €5,547 €4,767 -€780 -14.1%
Non-recurring financial charges 66B €5,673 €0 -€5,673 -100%
Profit (loss) for the period before taxes 9903 -€56,703 -€2,065 +€54,639 +96.4%
Profit (loss) for the period 9904 -€56,703 -€2,065 +€54,639 +96.4%
Profit (loss) for the period to be appropriated 9905 -€56,703 -€2,065 +€54,639 +96.4%

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 15 October 2026 via checked.be.