Le Biwak: 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.
Le Biwak
Largest movements
- Receivables within one year +€23,244
up €23,244 (+33.8%), from €68,708 to €91,952
of which Trade receivables: +€24,238
- Tangible fixed assets +€18,141
up €18,141 (+10.4%), from €174,792 to €192,933
of which Furniture and vehicles: +€18,625
- Stocks and contracts +€10,507
up €10,507 (+28.7%), from €36,657 to €47,164
- Debts after one year +€39,660
up €39,660 (+34.6%), from €114,526 to €154,186
- Other debts +€10,695
up €10,695 (+14.9%), from €71,897 to €82,592
- Trade debts +€8,233
up €8,233 (+21.8%), from €37,734 to €45,967
- Current portion of long-term debt -€3,612
down €3,612 (-16.9%), from €21,314 to €17,702
- Staff costs -€15,280
down €15,280 (-22.3%), from €68,422 to €53,142
- Depreciation -€13,245
down €13,245 (-44.1%), from €30,018 to €16,773
- Gross operating margin -€10,116
down €10,116 (-10.2%), from €99,598 to €89,482
- Financial charges +€5,527
up €5,527 (+118%), from €4,701 to €10,227
of which Non-recurring financial charges: +€4,813
- Other operating charges +€3,255
up €3,255 (+82.0%), from €3,972 to €7,228
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 | €288,477 | €342,930 | +€54,453 | +18.9% |
| Fixed assets | 21/28 | €174,792 | €192,933 | +€18,141 | +10.4% |
| Tangible fixed assets | 22/27 | €174,792 | €192,933 | +€18,141 | +10.4% |
| Land and buildings | 22 | €155,466 | €152,975 | -€2,491 | -1.6% |
| Plant, machinery and equipment | 23 | €3,408 | €536 | -€2,872 | -84.3% |
| Furniture and vehicles | 24 | €15,918 | €34,544 | +€18,625 | +117% |
| Other tangible fixed assets | 26 | - | €4,879 | +€4,879 | |
| Current assets | 29/58 | €113,684 | €149,997 | +€36,312 | +31.9% |
| Stocks and contracts in progress | 3 | €36,657 | €47,164 | +€10,507 | +28.7% |
| Stocks | 30/36 | €36,657 | €47,164 | +€10,507 | +28.7% |
| Amounts receivable within one year | 40/41 | €68,708 | €91,952 | +€23,244 | +33.8% |
| Trade receivables | 40 | €65,685 | €89,924 | +€24,238 | +36.9% |
| Other amounts receivable | 41 | €3,022 | €2,029 | -€994 | -32.9% |
| Cash at bank and in hand | 54/58 | €1,644 | €3,401 | +€1,757 | +107% |
| Deferred charges and accrued income | 490/1 | €6,675 | €7,479 | +€804 | +12.0% |
| Total equity and liabilities | 10/49 | €288,477 | €342,930 | +€54,453 | +18.9% |
| Equity | 10/15 | €23,220 | €25,884 | +€2,664 | +11.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,220 | €5,884 | +€2,664 | +82.7% |
| Amounts payable | 17/49 | €265,257 | €317,046 | +€51,789 | +19.5% |
| Amounts payable after more than one year | 17 | €114,526 | €154,186 | +€39,660 | +34.6% |
| Financial debts | 170/4 | €114,526 | €154,186 | +€39,660 | +34.6% |
| Amounts payable within one year | 42/48 | €150,731 | €162,860 | +€12,129 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €21,314 | €17,702 | -€3,612 | -16.9% |
| Financial debts | 43 | €4,928 | €2,699 | -€2,229 | -45.2% |
| Credit institutions | 430/8 | €4,928 | €2,699 | -€2,229 | -45.2% |
| Trade debts | 44 | €37,734 | €45,967 | +€8,233 | +21.8% |
| Suppliers | 440/4 | €37,734 | €45,967 | +€8,233 | +21.8% |
| Taxes, remuneration and social security | 45 | €14,858 | €13,900 | -€958 | -6.4% |
| Taxes | 450/3 | €14,858 | €2,125 | -€12,732 | -85.7% |
| Remuneration and social security | 454/9 | - | €11,775 | +€11,775 | |
| Other amounts payable | 47/48 | €71,897 | €82,592 | +€10,695 | +14.9% |
| Remuneration, social security and pensions | 62 | €68,422 | €53,142 | -€15,280 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,018 | €16,773 | -€13,245 | -44.1% |
| Other operating charges | 640/8 | €3,972 | €7,228 | +€3,255 | +82.0% |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €99,598 | €89,482 | -€10,116 | -10.2% |
| Operating profit (loss) | 9901 | -€2,816 | €12,339 | +€15,155 | |
| Financial income | 75/76B | €80 | €750 | +€670 | +837% |
| Recurring financial income | 75 | €80 | €750 | +€670 | +837% |
| Financial charges | 65/66B | €4,701 | €10,227 | +€5,527 | +118% |
| Recurring financial charges | 65 | €4,701 | €5,414 | +€713 | +15.2% |
| Non-recurring financial charges | 66B | - | €4,813 | +€4,813 | |
| Profit (loss) for the period before taxes | 9903 | -€7,437 | €2,862 | +€10,299 | |
| Income taxes | 67/77 | €203 | €198 | -€5 | -2.7% |
| Profit (loss) for the period | 9904 | -€7,640 | €2,664 | +€10,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,640 | €2,664 | +€10,304 |
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 27 October 2026 via checked.be.