BILAL: what changed
Two fiscal 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.
BILAL
Largest movements
- Stocks and contracts +€5,483
up €5,483 (+15.7%), from €34,926 to €40,409
- Tangible fixed assets -€5,274
down €5,274 (-82.6%), from €6,382 to €1,108
of which Furniture and vehicles: -€4,360
- Cash +€2,854
up €2,854 (+2.7%), from €106,273 to €109,127
mainly Net result for the year (+€41,555) and Other debts (+€13,655)
- Receivables within one year -€2,013
down €2,013 (-8.6%), from €23,271 to €21,258
of which Other amounts receivable: -€5,576
- Reserves -€43,155
down €43,155 (-70.5%), from €61,203 to €18,048
of which Distributable reserves: -€43,155
- Profit (loss) carried forward +€41,555
up €41,555, from -€9,286 to €32,268
- Trade debts -€15,299
down €15,299 (-20.6%), from €74,304 to €59,005
- Other debts +€13,655
up €13,655 (+910.9%), from €1,499 to €15,154
- Tax, wage and social debts +€8,968
up €8,968 (+45.1%), from €19,867 to €28,834
of which Remuneration and social security: +€7,603
- Gross operating margin +€70,232
up €70,232 (+62.0%), from €113,253 to €183,486
- Staff costs +€39,317
up €39,317 (+50.2%), from €78,395 to €117,711
- Taxes +€8,766
up €8,766, from €0 to €8,766
- Depreciation -€3,719
down €3,719 (-41.4%), from €8,993 to €5,274
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 | €170,852 | €171,902 | +€1,050 | +0.6% |
| Fixed assets | 21/28 | €6,382 | €1,108 | -€5,274 | -82.6% |
| Tangible fixed assets | 22/27 | €6,382 | €1,108 | -€5,274 | -82.6% |
| Land and buildings | 22 | €949 | €575 | -€375 | -39.4% |
| Plant, machinery and equipment | 23 | €1,073 | €533 | -€540 | -50.3% |
| Furniture and vehicles | 24 | €4,360 | €0 | -€4,360 | -100.0% |
| Current assets | 29/58 | €164,470 | €170,794 | +€6,324 | +3.8% |
| Stocks and contracts in progress | 3 | €34,926 | €40,409 | +€5,483 | +15.7% |
| Stocks | 30/36 | €34,926 | €40,409 | +€5,483 | +15.7% |
| Amounts receivable within one year | 40/41 | €23,271 | €21,258 | -€2,013 | -8.6% |
| Trade receivables | 40 | €8,964 | €12,527 | +€3,563 | +39.8% |
| Other amounts receivable | 41 | €14,308 | €8,731 | -€5,576 | -39.0% |
| Cash at bank and in hand | 54/58 | €106,273 | €109,127 | +€2,854 | +2.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €170,852 | €171,902 | +€1,050 | +0.6% |
| Equity | 10/15 | €70,509 | €68,909 | -€1,600 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,203 | €18,048 | -€43,155 | -70.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €59,344 | €16,189 | -€43,155 | -72.7% |
| Profit (loss) carried forward | 14 | -€9,286 | €32,268 | +€41,555 | |
| Amounts payable | 17/49 | €100,343 | €102,993 | +€2,651 | +2.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €100,343 | €102,993 | +€2,651 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €4,674 | €0 | -€4,674 | -100.0% |
| Trade debts | 44 | €74,304 | €59,005 | -€15,299 | -20.6% |
| Suppliers | 440/4 | €74,304 | €59,005 | -€15,299 | -20.6% |
| Taxes, remuneration and social security | 45 | €19,867 | €28,834 | +€8,968 | +45.1% |
| Taxes | 450/3 | €2,320 | €3,685 | +€1,365 | +58.8% |
| Remuneration and social security | 454/9 | €17,546 | €25,149 | +€7,603 | +43.3% |
| Other amounts payable | 47/48 | €1,499 | €15,154 | +€13,655 | +910.9% |
| Remuneration, social security and pensions | 62 | €78,395 | €117,711 | +€39,317 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,993 | €5,274 | -€3,719 | -41.4% |
| Other operating charges | 640/8 | €1,660 | €900 | -€760 | -45.8% |
| Gross operating margin | 9900 | €113,253 | €183,486 | +€70,232 | +62.0% |
| Operating profit (loss) | 9901 | €24,206 | €59,600 | +€35,394 | +146.2% |
| Financial income | 75/76B | €56 | €404 | +€348 | +626.4% |
| Recurring financial income | 75 | €56 | €404 | +€348 | +626.4% |
| Financial charges | 65/66B | €8,944 | €9,682 | +€738 | +8.2% |
| Recurring financial charges | 65 | €8,944 | €9,682 | +€738 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €15,317 | €50,321 | +€35,004 | +228.5% |
| Income taxes | 67/77 | €0 | €8,766 | +€8,766 | |
| Profit (loss) for the period | 9904 | €15,317 | €41,555 | +€26,238 | +171.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,317 | €41,555 | +€26,238 | +171.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.