Bilca: 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.
Bilca
Largest movements
- Receivables within one year +€55,213
up €55,213 (+47.0%), from €117,453 to €172,666
of which Other amounts receivable: +€48,620
- Tangible fixed assets -€11,105
down €11,105 (-2.4%), from €460,093 to €448,987
of which Land and buildings: -€19,670
- Deferred charges and accrued income -€7,762
down €7,762 (-100.0%), from €7,762 to €0
- Reserves +€62,686
up €62,686 (+44.3%), from €141,432 to €204,118
- Debts after one year -€31,832
down €31,832 (-8.1%), from €394,647 to €362,815
- Trade debts +€6,865
up €6,865 (+246.2%), from €2,788 to €9,653
- Gross operating margin -€3,486
down €3,486 (-2.7%), from €128,679 to €125,192
- Taxes +€1,766
up €1,766 (+7.8%), from €22,636 to €24,403
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 | €603,463 | €644,076 | +€40,613 | +6.7% |
| Fixed assets | 21/28 | €460,093 | €448,987 | -€11,105 | -2.4% |
| Tangible fixed assets | 22/27 | €460,093 | €448,987 | -€11,105 | -2.4% |
| Land and buildings | 22 | €458,188 | €438,518 | -€19,670 | -4.3% |
| Plant, machinery and equipment | 23 | €1,905 | €1,478 | -€426 | -22.4% |
| Furniture and vehicles | 24 | €0 | €8,991 | +€8,991 | |
| Current assets | 29/58 | €143,371 | €195,089 | +€51,718 | +36.1% |
| Amounts receivable within one year | 40/41 | €117,453 | €172,666 | +€55,213 | +47.0% |
| Trade receivables | 40 | €3,866 | €10,459 | +€6,593 | +170.6% |
| Other amounts receivable | 41 | €113,588 | €162,207 | +€48,620 | +42.8% |
| Cash at bank and in hand | 54/58 | €18,155 | €22,423 | +€4,268 | +23.5% |
| Deferred charges and accrued income | 490/1 | €7,762 | €0 | -€7,762 | -100.0% |
| Total equity and liabilities | 10/49 | €603,463 | €644,076 | +€40,613 | +6.7% |
| Equity | 10/15 | €160,032 | €222,718 | +€62,686 | +39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,432 | €204,118 | +€62,686 | +44.3% |
| Distributable reserves | 133 | €141,432 | €204,118 | +€62,686 | +44.3% |
| Amounts payable | 17/49 | €443,431 | €421,358 | -€22,073 | -5.0% |
| Amounts payable after more than one year | 17 | €394,647 | €362,815 | -€31,832 | -8.1% |
| Financial debts | 170/4 | €394,647 | €362,815 | -€31,832 | -8.1% |
| Amounts payable within one year | 42/48 | €48,784 | €58,543 | +€9,759 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €31,097 | €31,832 | +€736 | +2.4% |
| Trade debts | 44 | €2,788 | €9,653 | +€6,865 | +246.2% |
| Suppliers | 440/4 | €2,788 | €9,653 | +€6,865 | +246.2% |
| Taxes, remuneration and social security | 45 | €14,707 | €17,058 | +€2,352 | +16.0% |
| Taxes | 450/3 | €13,191 | €17,058 | +€3,867 | +29.3% |
| Remuneration and social security | 454/9 | €1,515 | €0 | -€1,515 | -100.0% |
| Other amounts payable | 47/48 | €192 | €0 | -€192 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,412 | €20,656 | -€755 | -3.5% |
| Other operating charges | 640/8 | €5,089 | €4,240 | -€849 | -16.7% |
| Gross operating margin | 9900 | €128,679 | €125,192 | -€3,486 | -2.7% |
| Operating profit (loss) | 9901 | €102,178 | €100,296 | -€1,882 | -1.8% |
| Financial income | 75/76B | €1,023 | €922 | -€101 | -9.8% |
| Recurring financial income | 75 | €1,023 | €922 | -€101 | -9.8% |
| Financial charges | 65/66B | €13,921 | €14,129 | +€208 | +1.5% |
| Recurring financial charges | 65 | €13,921 | €14,129 | +€208 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €89,280 | €87,089 | -€2,191 | -2.5% |
| Income taxes | 67/77 | €22,636 | €24,403 | +€1,766 | +7.8% |
| Profit (loss) for the period | 9904 | €66,644 | €62,686 | -€3,958 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,644 | €62,686 | -€3,958 | -5.9% |
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 29 September 2026 via checked.be.