DEUX BIBENDUM: what changed
DEUX BIBENDUM
Largest movements
- Receivables within one year +€6,700
new in 2025: €6,700
- Tangible fixed assets -€5,934
down €5,934 (-25.0%), from €23,694 to €17,760
of which Plant, machinery and equipment: -€4,958
- Cash +€1,144
up €1,144 (+66.8%), from €1,711 to €2,855
mainly Depreciation (+€7,277) and Trade debts (+€5,883)
- Other debts -€6,861
down €6,861 (-39.4%), from €17,396 to €10,535
- Trade debts +€5,883
up €5,883 (+455%), from €1,294 to €7,177
- Tax, wage and social debts +€3,280
up €3,280 (+319%), from €1,027 to €4,307
- Taxes +€886
up €886 (+181%), from €490 to €1,376
- Depreciation +€393
up €393 (+5.7%), from €6,884 to €7,277
- Financial charges +€315
up €315 (+44.9%), from €700 to €1,015
- Other operating charges -€225
down €225 (-42.7%), from €525 to €301
- Gross operating margin -€194
down €194 (-2.0%), from €9,908 to €9,713
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 | €31,027 | €33,073 | +€2,047 | +6.6% |
| Fixed assets | 21/28 | €26,084 | €20,150 | -€5,934 | -22.7% |
| Tangible fixed assets | 22/27 | €23,694 | €17,760 | -€5,934 | -25.0% |
| Plant, machinery and equipment | 23 | €20,400 | €15,442 | -€4,958 | -24.3% |
| Furniture and vehicles | 24 | €3,294 | €2,318 | -€976 | -29.6% |
| Financial fixed assets | 28 | €2,390 | €2,390 | = | 0.0% |
| Current assets | 29/58 | €4,943 | €12,923 | +€7,981 | +161% |
| Stocks and contracts in progress | 3 | €3,232 | €3,369 | +€137 | +4.2% |
| Stocks | 30/36 | €3,232 | €3,369 | +€137 | +4.2% |
| Amounts receivable within one year | 40/41 | - | €6,700 | +€6,700 | |
| Trade receivables | 40 | - | €6,700 | +€6,700 | |
| Cash at bank and in hand | 54/58 | €1,711 | €2,855 | +€1,144 | +66.8% |
| Total equity and liabilities | 10/49 | €31,027 | €33,073 | +€2,047 | +6.6% |
| Equity | 10/15 | €11,310 | €11,055 | -€255 | -2.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,309 | €1,309 | = | 0.0% |
| Distributable reserves | 133 | €1,309 | €1,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | -€254 | -€255 | |
| Amounts payable | 17/49 | €19,717 | €22,019 | +€2,302 | +11.7% |
| Amounts payable within one year | 42/48 | €19,717 | €22,019 | +€2,302 | +11.7% |
| Trade debts | 44 | €1,294 | €7,177 | +€5,883 | +455% |
| Suppliers | 440/4 | €1,294 | €7,177 | +€5,883 | +455% |
| Taxes, remuneration and social security | 45 | €1,027 | €4,307 | +€3,280 | +319% |
| Taxes | 450/3 | €1,027 | €4,307 | +€3,280 | +319% |
| Other amounts payable | 47/48 | €17,396 | €10,535 | -€6,861 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,884 | €7,277 | +€393 | +5.7% |
| Other operating charges | 640/8 | €525 | €301 | -€225 | -42.7% |
| Gross operating margin | 9900 | €9,908 | €9,713 | -€194 | -2.0% |
| Operating profit (loss) | 9901 | €2,498 | €2,135 | -€363 | -14.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -90.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -90.3% |
| Financial charges | 65/66B | €700 | €1,015 | +€315 | +44.9% |
| Recurring financial charges | 65 | €700 | €1,015 | +€315 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €1,800 | €1,120 | -€680 | -37.8% |
| Income taxes | 67/77 | €490 | €1,376 | +€886 | +181% |
| Profit (loss) for the period | 9904 | €1,310 | -€255 | -€1,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,310 | -€255 | -€1,565 |
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 8 November 2026 via checked.be.