BILAX: 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.
BILAX
Largest movements
- Cash +€21,035
up €21,035 (+47.2%), from €44,584 to €65,619
mainly Other debts (+€33,165) and Net result for the year (+€14,427)
- Tangible fixed assets -€10,153
down €10,153 (-32.1%), from €31,587 to €21,435
of which Furniture and vehicles: -€9,790
- Receivables within one year -€8,693
down €8,693 (-89.1%), from €9,753 to €1,060
of which Trade receivables: -€9,753
- Other debts +€33,165
up €33,165 (+988%), from €3,357 to €36,522
- Reserves -€26,573
down €26,573 (-63.7%), from €41,697 to €15,124
- Debts after one year -€9,193
down €9,193 (-46.9%), from €19,601 to €10,408
- Tax, wage and social debts +€3,433
up €3,433 (+46.9%), from €7,316 to €10,749
- Gross operating margin +€9,579
up €9,579 (+42.8%), from €22,364 to €31,943
- Taxes +€2,078
up €2,078 (+72.6%), from €2,863 to €4,940
- Other operating charges +€409
up €409 (+129%), from €318 to €727
- Financial charges -€361
down €361 (-22.8%), from €1,584 to €1,223
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 | €87,024 | €88,889 | +€1,865 | +2.1% |
| Formation expenses | 20 | €1,100 | €628 | -€473 | -43.0% |
| Fixed assets | 21/28 | €31,587 | €21,435 | -€10,153 | -32.1% |
| Tangible fixed assets | 22/27 | €31,587 | €21,435 | -€10,153 | -32.1% |
| Furniture and vehicles | 24 | €29,879 | €20,089 | -€9,790 | -32.8% |
| Other tangible fixed assets | 26 | €1,708 | €1,345 | -€363 | -21.2% |
| Current assets | 29/58 | €54,337 | €66,827 | +€12,490 | +23.0% |
| Amounts receivable within one year | 40/41 | €9,753 | €1,060 | -€8,693 | -89.1% |
| Trade receivables | 40 | €9,753 | - | -€9,753 | |
| Other amounts receivable | 41 | - | €1,060 | +€1,060 | |
| Cash at bank and in hand | 54/58 | €44,584 | €65,619 | +€21,035 | +47.2% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €87,024 | €88,889 | +€1,865 | +2.1% |
| Equity | 10/15 | €45,697 | €19,124 | -€26,573 | -58.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €41,697 | €15,124 | -€26,573 | -63.7% |
| Distributable reserves | 133 | €41,697 | €15,124 | -€26,573 | -63.7% |
| Amounts payable | 17/49 | €41,327 | €69,765 | +€28,437 | +68.8% |
| Amounts payable after more than one year | 17 | €19,601 | €10,408 | -€9,193 | -46.9% |
| Financial debts | 170/4 | €19,601 | €10,408 | -€9,193 | -46.9% |
| Amounts payable within one year | 42/48 | €21,726 | €59,356 | +€37,630 | +173% |
| Current portion of amounts payable after more than one year | 42 | €8,812 | €9,193 | +€381 | +4.3% |
| Trade debts | 44 | €2,240 | €2,892 | +€651 | +29.1% |
| Suppliers | 440/4 | €2,240 | €2,892 | +€651 | +29.1% |
| Taxes, remuneration and social security | 45 | €7,316 | €10,749 | +€3,433 | +46.9% |
| Taxes | 450/3 | €7,316 | €10,749 | +€3,433 | +46.9% |
| Other amounts payable | 47/48 | €3,357 | €36,522 | +€33,165 | +988% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,369 | €10,625 | +€257 | +2.5% |
| Other operating charges | 640/8 | €318 | €727 | +€409 | +129% |
| Gross operating margin | 9900 | €22,364 | €31,943 | +€9,579 | +42.8% |
| Operating profit (loss) | 9901 | €11,678 | €20,591 | +€8,913 | +76.3% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,584 | €1,223 | -€361 | -22.8% |
| Recurring financial charges | 65 | €1,584 | €1,223 | -€361 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €10,103 | €19,368 | +€9,265 | +91.7% |
| Income taxes | 67/77 | €2,863 | €4,940 | +€2,078 | +72.6% |
| Profit (loss) for the period | 9904 | €7,241 | €14,427 | +€7,187 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,241 | €14,427 | +€7,187 | +99.3% |
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 24 October 2026 via checked.be.