Bilal Vis: 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.
Bilal Vis
Largest movements
- Receivables within one year -€4,330
down €4,330 (-77.5%), from €5,585 to €1,255
of which Trade receivables: -€3,613
- Stocks and contracts -€3,884
down €3,884 (-20.1%), from €19,352 to €15,468
- Deferred charges and accrued income +€1,218
up €1,218 (+323%), from €377 to €1,595
- Tangible fixed assets -€985
no longer reported in 2025 (was €985)
- Other debts -€31,604
down €31,604 (-84.1%), from €37,587 to €5,983
- Profit (loss) carried forward +€27,567
up €27,567 (+88.8%), from -€31,054 to -€3,487
- Tax, wage and social debts -€8,163
down €8,163 (-44.9%), from €18,188 to €10,025
- Trade debts +€4,012
up €4,012 (+46.3%), from €8,656 to €12,668
- Gross operating margin +€16,479
up €16,479 (+74.3%), from €22,167 to €38,646
- Staff costs -€1,791
down €1,791 (-4.5%), from €39,628 to €37,838
- Taxes -€801
no longer reported in 2025 (was €801)
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 | €38,377 | €30,189 | -€8,188 | -21.3% |
| Fixed assets | 21/28 | €985 | - | -€985 | |
| Tangible fixed assets | 22/27 | €985 | - | -€985 | |
| Plant, machinery and equipment | 23 | €985 | - | -€985 | |
| Current assets | 29/58 | €37,392 | €30,189 | -€7,203 | -19.3% |
| Stocks and contracts in progress | 3 | €19,352 | €15,468 | -€3,884 | -20.1% |
| Stocks | 30/36 | €19,352 | €15,468 | -€3,884 | -20.1% |
| Amounts receivable within one year | 40/41 | €5,585 | €1,255 | -€4,330 | -77.5% |
| Trade receivables | 40 | €3,613 | - | -€3,613 | |
| Other amounts receivable | 41 | €1,971 | €1,255 | -€717 | -36.3% |
| Cash at bank and in hand | 54/58 | €12,078 | €11,871 | -€207 | -1.7% |
| Deferred charges and accrued income | 490/1 | €377 | €1,595 | +€1,218 | +323% |
| Total equity and liabilities | 10/49 | €38,377 | €30,189 | -€8,188 | -21.3% |
| Equity | 10/15 | -€26,054 | €1,513 | +€27,567 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€31,054 | -€3,487 | +€27,567 | +88.8% |
| Amounts payable | 17/49 | €64,431 | €28,675 | -€35,755 | -55.5% |
| Amounts payable within one year | 42/48 | €64,431 | €28,675 | -€35,755 | -55.5% |
| Trade debts | 44 | €8,656 | €12,668 | +€4,012 | +46.3% |
| Suppliers | 440/4 | €8,656 | €12,668 | +€4,012 | +46.3% |
| Taxes, remuneration and social security | 45 | €18,188 | €10,025 | -€8,163 | -44.9% |
| Remuneration and social security | 454/9 | €18,188 | €10,025 | -€8,163 | -44.9% |
| Other amounts payable | 47/48 | €37,587 | €5,983 | -€31,604 | -84.1% |
| Remuneration, social security and pensions | 62 | €39,628 | €37,838 | -€1,791 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €985 | +€141 | +16.7% |
| Other operating charges | 640/8 | €459 | €763 | +€305 | +66.4% |
| Gross operating margin | 9900 | €22,167 | €38,646 | +€16,479 | +74.3% |
| Operating profit (loss) | 9901 | -€18,764 | -€940 | +€17,824 | +95.0% |
| Financial income | 75/76B | €1,293 | €1,227 | -€65 | -5.0% |
| Recurring financial income | 75 | €1,293 | €1,227 | -€65 | -5.0% |
| Financial charges | 65/66B | €178 | €220 | +€42 | +23.3% |
| Recurring financial charges | 65 | €178 | €220 | +€42 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,650 | €67 | +€17,717 | |
| Income taxes | 67/77 | €801 | - | -€801 | |
| Profit (loss) for the period | 9904 | -€18,451 | €67 | +€18,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,451 | €67 | +€18,518 |
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 17 October 2026 via checked.be.