Rie Bijns: 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.
Rie Bijns
Largest movements
- Cash -€25,846
down €25,846 (-57.2%), from €45,198 to €19,352
mainly Other debts (-€36,294) and Debts after one year (-€20,437)
- Tangible fixed assets -€13,902
down €13,902 (-3.7%), from €379,411 to €365,509
of which Land and buildings: -€10,644
- Deferred charges and accrued income +€4,285
new in 2025: €4,285
- Other debts -€36,294
down €36,294 (-91.9%), from €39,498 to €3,204
- Debts after one year -€20,437
down €20,437 (-7.5%), from €271,996 to €251,559
- Trade debts +€11,147
up €11,147 (+117%), from €9,558 to €20,705
- Reserves +€7,577
up €7,577 (+24.9%), from €30,390 to €37,967
- Current portion of long-term debt +€4,508
up €4,508 (+28.3%), from €15,929 to €20,437
- Financial charges +€12,969
up €12,969 (+85.2%), from €15,222 to €28,192
- Depreciation +€9,254
up €9,254 (+68.2%), from €13,569 to €22,823
- Gross operating margin -€6,258
down €6,258 (-9.0%), from €69,731 to €63,473
- Taxes -€5,701
down €5,701 (-74.8%), from €7,625 to €1,924
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 | €426,745 | €390,385 | -€36,360 | -8.5% |
| Fixed assets | 21/28 | €379,411 | €365,509 | -€13,902 | -3.7% |
| Tangible fixed assets | 22/27 | €379,411 | €365,509 | -€13,902 | -3.7% |
| Land and buildings | 22 | €364,439 | €353,795 | -€10,644 | -2.9% |
| Plant, machinery and equipment | 23 | €10,867 | €8,175 | -€2,692 | -24.8% |
| Furniture and vehicles | 24 | €4,106 | €3,539 | -€566 | -13.8% |
| Current assets | 29/58 | €47,333 | €24,876 | -€22,457 | -47.4% |
| Amounts receivable within one year | 40/41 | €2,135 | €1,239 | -€896 | -42.0% |
| Other amounts receivable | 41 | €2,135 | €1,239 | -€896 | -42.0% |
| Cash at bank and in hand | 54/58 | €45,198 | €19,352 | -€25,846 | -57.2% |
| Deferred charges and accrued income | 490/1 | - | €4,285 | +€4,285 | |
| Total equity and liabilities | 10/49 | €426,745 | €390,385 | -€36,360 | -8.5% |
| Equity | 10/15 | €75,390 | €82,967 | +€7,577 | +10.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €30,390 | €37,967 | +€7,577 | +24.9% |
| Distributable reserves | 133 | €30,390 | €37,967 | +€7,577 | +24.9% |
| Amounts payable | 17/49 | €351,355 | €307,418 | -€43,937 | -12.5% |
| Amounts payable after more than one year | 17 | €271,996 | €251,559 | -€20,437 | -7.5% |
| Financial debts | 170/4 | €271,996 | €251,559 | -€20,437 | -7.5% |
| Amounts payable within one year | 42/48 | €79,359 | €55,860 | -€23,500 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €15,929 | €20,437 | +€4,508 | +28.3% |
| Trade debts | 44 | €9,558 | €20,705 | +€11,147 | +117% |
| Suppliers | 440/4 | €9,558 | €20,705 | +€11,147 | +117% |
| Taxes, remuneration and social security | 45 | €14,375 | €11,514 | -€2,861 | -19.9% |
| Taxes | 450/3 | €14,375 | €11,514 | -€2,861 | -19.9% |
| Other amounts payable | 47/48 | €39,498 | €3,204 | -€36,294 | -91.9% |
| Remuneration, social security and pensions | 62 | €207 | €624 | +€417 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,569 | €22,823 | +€9,254 | +68.2% |
| Other operating charges | 640/8 | €2,718 | €2,340 | -€378 | -13.9% |
| Gross operating margin | 9900 | €69,731 | €63,473 | -€6,258 | -9.0% |
| Operating profit (loss) | 9901 | €53,237 | €37,685 | -€15,551 | -29.2% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €15,222 | €28,192 | +€12,969 | +85.2% |
| Recurring financial charges | 65 | €15,222 | €28,192 | +€12,969 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €38,014 | €9,501 | -€28,513 | -75.0% |
| Income taxes | 67/77 | €7,625 | €1,924 | -€5,701 | -74.8% |
| Profit (loss) for the period | 9904 | €30,390 | €7,577 | -€22,812 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,390 | €7,577 | -€22,812 | -75.1% |
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 16 October 2026 via checked.be.