BILCO LIMITED: 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.
BILCO LIMITED
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-31.5%), from €4.9m to €3.4m
- Cash -€1.5m
down €1.5m (-96.1%), from €1.6m to €63,090
mainly Other debts (-€3.1m) and Deferred charges and accrued income (-€35,646)
- Other debts -€3.1m
down €3.1m (-45.9%), from €6.7m to €3.6m
- Financial income -€54,269
down €54,269 (-60.4%), from €89,915 to €35,646
- Taxes -€17,996
down €17,996 (-70.5%), from €25,525 to €7,529
- Gross operating margin -€3,630
down €3,630 (-44.8%), from -€8,100 to -€11,729
- Other operating charges +€1,281
up €1,281 (+132%), from €968 to €2,248
- Financial charges -€625
down €625 (-99.7%), from €627 to €2
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 | €9,136,955 | €6,078,360 | -€3.1m | -33.5% |
| Fixed assets | 21/28 | €2,397,177 | €2,395,927 | -€1,250 | -0.1% |
| Financial fixed assets | 28 | €2,397,177 | €2,395,927 | -€1,250 | -0.1% |
| Current assets | 29/58 | €6,739,778 | €3,682,432 | -€3.1m | -45.4% |
| Amounts receivable within one year | 40/41 | €4,907,908 | €3,360,035 | -€1.5m | -31.5% |
| Other amounts receivable | 41 | €4,907,908 | €3,360,035 | -€1.5m | -31.5% |
| Cash at bank and in hand | 54/58 | €1,608,208 | €63,090 | -€1.5m | -96.1% |
| Deferred charges and accrued income | 490/1 | €223,662 | €259,308 | +€35,646 | +15.9% |
| Total equity and liabilities | 10/49 | €9,136,955 | €6,078,360 | -€3.1m | -33.5% |
| Equity | 10/15 | €2,417,563 | €2,431,700 | +€14,137 | +0.6% |
| Contributions | 10/11 | €2,120,000 | €2,120,000 | = | 0.0% |
| Reserves | 13 | €297,563 | €311,700 | +€14,137 | +4.8% |
| Distributable reserves | 133 | €297,563 | €311,700 | +€14,137 | +4.8% |
| Amounts payable | 17/49 | €6,719,392 | €3,646,660 | -€3.1m | -45.7% |
| Amounts payable within one year | 42/48 | €6,719,392 | €3,646,660 | -€3.1m | -45.7% |
| Trade debts | 44 | €3,677 | €6,345 | +€2,669 | +72.6% |
| Suppliers | 440/4 | €3,677 | €6,345 | +€2,669 | +72.6% |
| Taxes, remuneration and social security | 45 | - | €7,529 | +€7,529 | |
| Taxes | 450/3 | - | €7,529 | +€7,529 | |
| Other amounts payable | 47/48 | €6,715,716 | €3,632,786 | -€3.1m | -45.9% |
| Other operating charges | 640/8 | €968 | €2,248 | +€1,281 | +132% |
| Gross operating margin | 9900 | -€8,100 | -€11,729 | -€3,630 | -44.8% |
| Operating profit (loss) | 9901 | -€9,067 | -€13,978 | -€4,911 | -54.2% |
| Financial income | 75/76B | €89,915 | €35,646 | -€54,269 | -60.4% |
| Recurring financial income | 75 | €89,915 | €35,646 | -€54,269 | -60.4% |
| Financial charges | 65/66B | €627 | €2 | -€625 | -99.7% |
| Recurring financial charges | 65 | €627 | €2 | -€625 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €80,221 | €21,666 | -€58,555 | -73.0% |
| Income taxes | 67/77 | €25,525 | €7,529 | -€17,996 | -70.5% |
| Profit (loss) for the period | 9904 | €54,696 | €14,137 | -€40,560 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,696 | €14,137 | -€40,560 | -74.2% |
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.