DR. BIKOULA: 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.
DR. BIKOULA
Largest movements
- Cash +€67,581
up €67,581 (+18.4%), from €366,689 to €434,270
mainly Net result for the year (+€119,446) and Depreciation (+€13,077)
- Receivables within one year -€11,132
down €11,132 (-39.1%), from €28,459 to €17,327
of which Trade receivables: -€16,484
- Tangible fixed assets -€6,732
down €6,732 (-17.5%), from €38,481 to €31,749
- Profit (loss) carried forward +€69,446
up €69,446 (+25.7%), from €269,834 to €339,280
- Debts after one year -€9,110
down €9,110 (-38.8%), from €23,509 to €14,399
- Tax, wage and social debts -€7,478
down €7,478 (-33.9%), from €22,091 to €14,613
of which Taxes: -€9,978
- Trade debts -€5,294
down €5,294 (-29.9%), from €17,711 to €12,417
- Other operating charges -€2,075
down €2,075 (-91.9%), from €2,257 to €183
- Depreciation +€2,026
up €2,026 (+18.3%), from €11,051 to €13,077
From the 2024 result to the 2025 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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,779 | €483,496 | +€49,717 | +11.5% |
| Fixed assets | 21/28 | €38,631 | €31,899 | -€6,732 | -17.4% |
| Tangible fixed assets | 22/27 | €38,481 | €31,749 | -€6,732 | -17.5% |
| Furniture and vehicles | 24 | €38,481 | €31,749 | -€6,732 | -17.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €395,148 | €451,597 | +€56,449 | +14.3% |
| Amounts receivable within one year | 40/41 | €28,459 | €17,327 | -€11,132 | -39.1% |
| Trade receivables | 40 | €28,459 | €11,975 | -€16,484 | -57.9% |
| Other amounts receivable | 41 | - | €5,352 | +€5,352 | |
| Cash at bank and in hand | 54/58 | €366,689 | €434,270 | +€67,581 | +18.4% |
| Total equity and liabilities | 10/49 | €433,779 | €483,496 | +€49,717 | +11.5% |
| Equity | 10/15 | €272,334 | €341,780 | +€69,446 | +25.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,834 | €339,280 | +€69,446 | +25.7% |
| Amounts payable | 17/49 | €161,445 | €141,716 | -€19,729 | -12.2% |
| Amounts payable after more than one year | 17 | €23,509 | €14,399 | -€9,110 | -38.8% |
| Financial debts | 170/4 | €23,509 | €14,399 | -€9,110 | -38.8% |
| Amounts payable within one year | 42/48 | €137,936 | €127,317 | -€10,619 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €8,495 | €9,110 | +€615 | +7.2% |
| Trade debts | 44 | €17,711 | €12,417 | -€5,294 | -29.9% |
| Suppliers | 440/4 | €17,711 | €12,417 | -€5,294 | -29.9% |
| Taxes, remuneration and social security | 45 | €22,091 | €14,613 | -€7,478 | -33.9% |
| Taxes | 450/3 | €22,091 | €12,113 | -€9,978 | -45.2% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €89,640 | €91,178 | +€1,538 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,051 | €13,077 | +€2,026 | +18.3% |
| Other operating charges | 640/8 | €2,257 | €183 | -€2,075 | -91.9% |
| Non-recurring operating charges | 66A | €329 | €416 | +€87 | +26.4% |
| Gross operating margin | 9900 | €167,960 | €169,629 | +€1,669 | +1.0% |
| Operating profit (loss) | 9901 | €154,322 | €155,953 | +€1,631 | +1.1% |
| Financial charges | 65/66B | €1,592 | €1,331 | -€261 | -16.4% |
| Recurring financial charges | 65 | €1,592 | €1,331 | -€261 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €152,730 | €154,622 | +€1,892 | +1.2% |
| Income taxes | 67/77 | €34,613 | €35,176 | +€564 | +1.6% |
| Profit (loss) for the period | 9904 | €118,118 | €119,446 | +€1,328 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,118 | €119,446 | +€1,328 | +1.1% |
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.