BINDSOL: 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.
BINDSOL
Largest movements
- Cash +€2.5m
up €2.5m (+10,086%), from €25,281 to €2.6m
- Receivables within one year +€876,020
up €876,020 (+2,329%), from €37,621 to €913,641
of which Trade receivables: +€839,189
- Receivables after one year +€760,000
new in 2025: €760,000
- Tangible fixed assets +€533,290
up €533,290 (+1,865%), from €28,599 to €561,888
of which Plant, machinery and equipment: +€267,952
- Profit (loss) carried forward +€2.5m
up €2.5m (+10,622%), from €23,978 to €2.6m
- Reserves +€999,997
new in 2025: €999,997
- Tax, wage and social debts +€918,792
up €918,792 (+8,738%), from €10,515 to €929,307
of which Taxes: +€915,176
- Debts after one year +€130,821
new in 2025: €130,821
- Trade debts +€101,289
up €101,289 (+186%), from €54,531 to €155,819
- Gross operating margin +€4.9m
up €4.9m (+14,732%), from €33,361 to €4.9m
- Taxes +€1.1m
up €1.1m (+13,808%), from €8,265 to €1.1m
- Depreciation +€183,609
up €183,609 (+29,572%), from €621 to €184,230
- Staff costs +€54,580
new in 2025: €54,580
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,501 | €4,821,124 | +€4.7m | +5,169% |
| Fixed assets | 21/28 | €28,599 | €568,608 | +€540,010 | +1,888% |
| Tangible fixed assets | 22/27 | €28,599 | €561,888 | +€533,290 | +1,865% |
| Plant, machinery and equipment | 23 | - | €267,952 | +€267,952 | |
| Furniture and vehicles | 24 | €28,599 | €94,671 | +€66,072 | +231% |
| Leasing and similar rights | 25 | - | €183,333 | +€183,333 | |
| Other tangible fixed assets | 26 | - | €15,932 | +€15,932 | |
| Financial fixed assets | 28 | - | €6,720 | +€6,720 | |
| Current assets | 29/58 | €62,902 | €4,252,516 | +€4.2m | +6,661% |
| Amounts receivable after more than one year | 29 | - | €760,000 | +€760,000 | |
| Trade receivables | 290 | - | €760,000 | +€760,000 | |
| Amounts receivable within one year | 40/41 | €37,621 | €913,641 | +€876,020 | +2,329% |
| Trade receivables | 40 | €35,558 | €874,746 | +€839,189 | +2,360% |
| Other amounts receivable | 41 | €2,063 | €38,895 | +€36,831 | +1,785% |
| Cash at bank and in hand | 54/58 | €25,281 | €2,575,154 | +€2.5m | +10,086% |
| Deferred charges and accrued income | 490/1 | - | €3,721 | +€3,721 | |
| Total equity and liabilities | 10/49 | €91,501 | €4,821,124 | +€4.7m | +5,169% |
| Equity | 10/15 | €25,978 | €3,572,960 | +€3.5m | +13,654% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €999,997 | +€999,997 | |
| Tax-exempt reserves | 132 | - | €999,997 | +€999,997 | |
| Profit (loss) carried forward | 14 | €23,978 | €2,570,963 | +€2.5m | +10,622% |
| Amounts payable | 17/49 | €65,523 | €1,248,164 | +€1.2m | +1,805% |
| Amounts payable after more than one year | 17 | - | €130,821 | +€130,821 | |
| Financial debts | 170/4 | - | €130,821 | +€130,821 | |
| Amounts payable within one year | 42/48 | €65,523 | €1,117,343 | +€1.1m | +1,605% |
| Current portion of amounts payable after more than one year | 42 | - | €31,588 | +€31,588 | |
| Trade debts | 44 | €54,531 | €155,819 | +€101,289 | +186% |
| Suppliers | 440/4 | €54,531 | €155,819 | +€101,289 | +186% |
| Taxes, remuneration and social security | 45 | €10,515 | €929,307 | +€918,792 | +8,738% |
| Taxes | 450/3 | €10,515 | €925,691 | +€915,176 | +8,704% |
| Remuneration and social security | 454/9 | - | €3,616 | +€3,616 | |
| Other amounts payable | 47/48 | €477 | €629 | +€152 | +31.8% |
| Remuneration, social security and pensions | 62 | - | €54,580 | +€54,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €184,230 | +€183,609 | +29,572% |
| Other operating charges | 640/8 | - | €6,355 | +€6,355 | |
| Gross operating margin | 9900 | €33,361 | €4,947,962 | +€4.9m | +14,732% |
| Operating profit (loss) | 9901 | €32,740 | €4,702,797 | +€4.7m | +14,264% |
| Financial income | 75/76B | - | €11,875 | +€11,875 | |
| Recurring financial income | 75 | - | €11,875 | +€11,875 | |
| Financial charges | 65/66B | €497 | €18,268 | +€17,771 | +3,575% |
| Recurring financial charges | 65 | €497 | €18,268 | +€17,771 | +3,575% |
| Profit (loss) for the period before taxes | 9903 | €32,243 | €4,696,404 | +€4.7m | +14,466% |
| Income taxes | 67/77 | €8,265 | €1,149,422 | +€1.1m | +13,808% |
| Profit (loss) for the period | 9904 | €23,978 | €3,546,983 | +€3.5m | +14,693% |
| Transfer to tax-exempt reserves | 689 | - | €999,997 | +€999,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,978 | €2,546,985 | +€2.5m | +10,522% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.