BILBOER: 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.
BILBOER
Largest movements
- Receivables within one year +€9,415
up €9,415 (+48.4%), from €19,450 to €28,865
of which Trade receivables: +€10,242
- Tangible fixed assets -€9,091
down €9,091 (-17.2%), from €52,980 to €43,889
of which Leasing and similar rights: -€11,107
- Cash -€4,954
down €4,954 (-20.1%), from €24,637 to €19,683
mainly Receivables within one year (-€9,415) and Debts after one year (-€8,642)
- Deferred charges and accrued income -€3,150
no longer reported in 2025 (was €3,150)
- Profit (loss) carried forward +€9,548
up €9,548 (+61.0%), from €15,663 to €25,210
- Debts after one year -€8,642
no longer reported in 2025 (was €8,642)
- Current portion of long-term debt -€8,059
down €8,059 (-48.3%), from €16,701 to €8,642
- Tax, wage and social debts +€4,381
up €4,381 (+59.4%), from €7,373 to €11,754
- Other debts -€3,519
down €3,519 (-10.5%), from €33,401 to €29,881
- Gross operating margin +€20,442
up €20,442 (+268.6%), from €7,609 to €28,051
- Other operating charges -€922
down €922 (-50.6%), from €1,821 to €899
- Depreciation +€589
up €589 (+3.8%), from €15,386 to €15,975
- Financial charges -€578
down €578 (-34.3%), from €1,683 to €1,106
- Taxes +€354
up €354 (+204.9%), from €173 to €527
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 | €100,217 | €92,437 | -€7,780 | -7.8% |
| Fixed assets | 21/28 | €52,980 | €43,889 | -€9,091 | -17.2% |
| Tangible fixed assets | 22/27 | €52,980 | €43,889 | -€9,091 | -17.2% |
| Plant, machinery and equipment | 23 | €11,984 | €11,792 | -€192 | -1.6% |
| Furniture and vehicles | 24 | €2,196 | €4,404 | +€2,208 | +100.5% |
| Leasing and similar rights | 25 | €38,800 | €27,693 | -€11,107 | -28.6% |
| Current assets | 29/58 | €47,237 | €48,548 | +€1,311 | +2.8% |
| Amounts receivable within one year | 40/41 | €19,450 | €28,865 | +€9,415 | +48.4% |
| Trade receivables | 40 | €18,623 | €28,865 | +€10,242 | +55.0% |
| Other amounts receivable | 41 | €827 | - | -€827 | |
| Cash at bank and in hand | 54/58 | €24,637 | €19,683 | -€4,954 | -20.1% |
| Deferred charges and accrued income | 490/1 | €3,150 | - | -€3,150 | |
| Total equity and liabilities | 10/49 | €100,217 | €92,437 | -€7,780 | -7.8% |
| Equity | 10/15 | €17,663 | €27,210 | +€9,548 | +54.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,663 | €25,210 | +€9,548 | +61.0% |
| Amounts payable | 17/49 | €82,555 | €65,226 | -€17,328 | -21.0% |
| Amounts payable after more than one year | 17 | €8,642 | - | -€8,642 | |
| Financial debts | 170/4 | €8,642 | - | -€8,642 | |
| Amounts payable within one year | 42/48 | €73,873 | €65,186 | -€8,686 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €16,701 | €8,642 | -€8,059 | -48.3% |
| Trade debts | 44 | €16,398 | €14,909 | -€1,489 | -9.1% |
| Suppliers | 440/4 | €16,398 | €14,909 | -€1,489 | -9.1% |
| Taxes, remuneration and social security | 45 | €7,373 | €11,754 | +€4,381 | +59.4% |
| Taxes | 450/3 | €7,373 | €11,754 | +€4,381 | +59.4% |
| Other amounts payable | 47/48 | €33,401 | €29,881 | -€3,519 | -10.5% |
| Accrued charges and deferred income | 492/3 | €40 | €40 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,386 | €15,975 | +€589 | +3.8% |
| Other operating charges | 640/8 | €1,821 | €899 | -€922 | -50.6% |
| Gross operating margin | 9900 | €7,609 | €28,051 | +€20,442 | +268.6% |
| Operating profit (loss) | 9901 | -€9,598 | €11,177 | +€20,774 | |
| Financial income | 75/76B | €18 | €4 | -€14 | -80.1% |
| Recurring financial income | 75 | €18 | €4 | -€14 | -80.1% |
| Financial charges | 65/66B | €1,683 | €1,106 | -€578 | -34.3% |
| Recurring financial charges | 65 | €1,683 | €1,106 | -€578 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,264 | €10,075 | +€21,338 | |
| Income taxes | 67/77 | €173 | €527 | +€354 | +204.9% |
| Profit (loss) for the period | 9904 | -€11,436 | €9,548 | +€20,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,436 | €9,548 | +€20,984 |
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 3 October 2026 via checked.be.