BILADDI: 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.
BILADDI
Largest movements
- Tangible fixed assets +€27,912
up €27,912 (+403.2%), from €6,923 to €34,836
of which Furniture and vehicles: +€28,606
- Cash -€5,772
down €5,772 (-50.9%), from €11,348 to €5,576
mainly Investment in fixed assets (net) (-€32,231) and Other debts (-€27,869)
- Receivables within one year +€1,752
up €1,752 (+143.0%), from €1,224 to €2,976
of which Other amounts receivable: +€1,752
- Profit (loss) carried forward +€53,322
up €53,322 (+34.0%), from -€156,973 to -€103,651
- Other debts -€27,869
down €27,869 (-25.8%), from €108,190 to €80,322
- Tax, wage and social debts -€17,133
down €17,133 (-63.6%), from €26,921 to €9,788
of which Taxes: -€8,851
- Trade debts +€15,371
up €15,371 (+55.0%), from €27,927 to €43,298
- Taxes -€10,464
no longer reported in 2025 (was €10,464)
- Gross operating margin +€4,401
up €4,401 (+4.0%), from €110,717 to €115,118
- Staff costs -€3,057
down €3,057 (-5.1%), from €59,568 to €56,511
- Depreciation +€2,686
up €2,686 (+164.5%), from €1,633 to €4,319
- Financial income +€2,142
up €2,142 (+15806.6%), from €14 to €2,155
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.
Cash bridge derived
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 | €21,265 | €44,957 | +€23,692 | +111.4% |
| Fixed assets | 21/28 | €6,923 | €34,836 | +€27,912 | +403.2% |
| Tangible fixed assets | 22/27 | €6,923 | €34,836 | +€27,912 | +403.2% |
| Plant, machinery and equipment | 23 | €3,164 | €2,471 | -€693 | -21.9% |
| Furniture and vehicles | 24 | €3,759 | €32,365 | +€28,606 | +761.0% |
| Current assets | 29/58 | €14,342 | €10,121 | -€4,220 | -29.4% |
| Stocks and contracts in progress | 3 | €1,660 | €1,460 | -€200 | -12.0% |
| Stocks | 30/36 | €1,660 | €1,460 | -€200 | -12.0% |
| Amounts receivable within one year | 40/41 | €1,224 | €2,976 | +€1,752 | +143.0% |
| Trade receivables | 40 | €105 | €105 | = | 0.0% |
| Other amounts receivable | 41 | €1,119 | €2,871 | +€1,752 | +156.5% |
| Cash at bank and in hand | 54/58 | €11,348 | €5,576 | -€5,772 | -50.9% |
| Deferred charges and accrued income | 490/1 | €109 | €109 | = | 0.0% |
| Total equity and liabilities | 10/49 | €21,265 | €44,957 | +€23,692 | +111.4% |
| Equity | 10/15 | -€141,773 | -€88,451 | +€53,322 | +37.6% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,973 | -€103,651 | +€53,322 | +34.0% |
| Amounts payable | 17/49 | €163,038 | €133,408 | -€29,630 | -18.2% |
| Amounts payable within one year | 42/48 | €163,038 | €133,408 | -€29,630 | -18.2% |
| Trade debts | 44 | €27,927 | €43,298 | +€15,371 | +55.0% |
| Suppliers | 440/4 | €27,927 | €43,298 | +€15,371 | +55.0% |
| Taxes, remuneration and social security | 45 | €26,921 | €9,788 | -€17,133 | -63.6% |
| Taxes | 450/3 | €8,851 | - | -€8,851 | |
| Remuneration and social security | 454/9 | €18,070 | €9,788 | -€8,282 | -45.8% |
| Other amounts payable | 47/48 | €108,190 | €80,322 | -€27,869 | -25.8% |
| Remuneration, social security and pensions | 62 | €59,568 | €56,511 | -€3,057 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €4,319 | +€2,686 | +164.5% |
| Other operating charges | 640/8 | €514 | - | -€514 | |
| Gross operating margin | 9900 | €110,717 | €115,118 | +€4,401 | +4.0% |
| Operating profit (loss) | 9901 | €49,002 | €54,288 | +€5,286 | +10.8% |
| Financial income | 75/76B | €14 | €2,155 | +€2,142 | +15806.6% |
| Recurring financial income | 75 | €14 | €2,155 | +€2,142 | +15806.6% |
| Financial charges | 65/66B | €2,243 | €3,121 | +€879 | +39.2% |
| Recurring financial charges | 65 | €2,243 | €3,121 | +€879 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €46,773 | €53,322 | +€6,550 | +14.0% |
| Income taxes | 67/77 | €10,464 | - | -€10,464 | |
| Profit (loss) for the period | 9904 | €36,309 | €53,322 | +€17,014 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,309 | €53,322 | +€17,014 | +46.9% |
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 9 October 2026 via checked.be.