BILDIN: 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.
BILDIN
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+40.5%), from €2.8m to €3.9m
of which Trade receivables: +€1.2m
- Tangible fixed assets +€903,563
up €903,563 (+49.2%), from €1.8m to €2.7m
of which Leasing and similar rights: +€748,869
- Cash -€305,859
down €305,859 (-75.7%), from €403,923 to €98,064
mainly Investment in fixed assets (net) (-€1.7m) and Receivables within one year (-€1.1m)
- Stocks and contracts +€256,343
up €256,343 (+84.1%), from €304,740 to €561,082
- Deferred charges and accrued income -€129,028
down €129,028 (-69.1%), from €186,669 to €57,641
- Short-term financial debts +€683,453
up €683,453 (+82.0%), from €833,506 to €1.5m
- Debts after one year +€682,413
up €682,413 (+60.1%), from €1.1m to €1.8m
- Other debts -€343,477
down €343,477 (-67.9%), from €505,977 to €162,500
- Trade debts +€331,946
up €331,946 (+25.4%), from €1.3m to €1.6m
- Current portion of long-term debt +€268,701
up €268,701 (+65.9%), from €407,892 to €676,593
- Staff costs +€430,594
up €430,594 (+57.8%), from €744,426 to €1.2m
- Gross operating margin +€408,575
up €408,575 (+18.4%), from €2.2m to €2.6m
- Depreciation +€248,511
up €248,511 (+52.6%), from €472,720 to €721,231
- Taxes -€98,753
down €98,753 (-47.6%), from €207,540 to €108,786
- Financial charges +€87,573
up €87,573 (+65.3%), from €134,061 to €221,635
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 | €5,495,374 | €7,370,432 | +€1.9m | +34.1% |
| Fixed assets | 21/28 | €1,840,287 | €2,774,911 | +€934,624 | +50.8% |
| Intangible fixed assets | 21 | - | €35,262 | +€35,262 | |
| Tangible fixed assets | 22/27 | €1,836,087 | €2,739,650 | +€903,563 | +49.2% |
| Plant, machinery and equipment | 23 | €960,417 | €1,027,445 | +€67,029 | +7.0% |
| Furniture and vehicles | 24 | €121,567 | €87,103 | -€34,464 | -28.3% |
| Leasing and similar rights | 25 | €754,103 | €1,502,972 | +€748,869 | +99.3% |
| Other tangible fixed assets | 26 | - | €122,129 | +€122,129 | |
| Financial fixed assets | 28 | €4,200 | - | -€4,200 | |
| Current assets | 29/58 | €3,655,087 | €4,595,521 | +€940,434 | +25.7% |
| Stocks and contracts in progress | 3 | €304,740 | €561,082 | +€256,343 | +84.1% |
| Stocks | 30/36 | €304,740 | €561,082 | +€256,343 | +84.1% |
| Amounts receivable within one year | 40/41 | €2,759,755 | €3,878,733 | +€1.1m | +40.5% |
| Trade receivables | 40 | €2,503,788 | €3,672,447 | +€1.2m | +46.7% |
| Other amounts receivable | 41 | €255,968 | €206,287 | -€49,681 | -19.4% |
| Cash at bank and in hand | 54/58 | €403,923 | €98,064 | -€305,859 | -75.7% |
| Deferred charges and accrued income | 490/1 | €186,669 | €57,641 | -€129,028 | -69.1% |
| Total equity and liabilities | 10/49 | €5,495,374 | €7,370,432 | +€1.9m | +34.1% |
| Equity | 10/15 | €1,229,780 | €1,446,330 | +€216,551 | +17.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €979,780 | €1,196,330 | +€216,551 | +22.1% |
| Distributable reserves | 133 | €979,780 | €1,196,330 | +€216,551 | +22.1% |
| Amounts payable | 17/49 | €4,265,594 | €5,924,102 | +€1.7m | +38.9% |
| Amounts payable after more than one year | 17 | €1,135,551 | €1,817,963 | +€682,413 | +60.1% |
| Financial debts | 170/4 | €1,135,551 | €1,817,963 | +€682,413 | +60.1% |
| Amounts payable within one year | 42/48 | €3,130,043 | €4,105,982 | +€975,939 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €407,892 | €676,593 | +€268,701 | +65.9% |
| Financial debts | 43 | €833,506 | €1,516,959 | +€683,453 | +82.0% |
| Credit institutions | 430/8 | €833,506 | €1,516,959 | +€683,453 | +82.0% |
| Trade debts | 44 | €1,304,764 | €1,636,710 | +€331,946 | +25.4% |
| Suppliers | 440/4 | €1,304,764 | €1,636,710 | +€331,946 | +25.4% |
| Taxes, remuneration and social security | 45 | €77,904 | €113,219 | +€35,315 | +45.3% |
| Taxes | 450/3 | €7,540 | €8,786 | +€1,247 | +16.5% |
| Remuneration and social security | 454/9 | €70,365 | €104,433 | +€34,069 | +48.4% |
| Other amounts payable | 47/48 | €505,977 | €162,500 | -€343,477 | -67.9% |
| Accrued charges and deferred income | 492/3 | - | €156 | +€156 | |
| Non-recurring operating income | 76A | - | €242 | +€242 | |
| Remuneration, social security and pensions | 62 | €744,426 | €1,175,020 | +€430,594 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472,720 | €721,231 | +€248,511 | +52.6% |
| Other operating charges | 640/8 | €385 | €1,143 | +€758 | +197.0% |
| Non-recurring operating charges | 66A | €68,838 | €1,961 | -€66,877 | -97.2% |
| Gross operating margin | 9900 | €2,224,032 | €2,632,607 | +€408,575 | +18.4% |
| Operating profit (loss) | 9901 | €937,663 | €733,252 | -€204,410 | -21.8% |
| Financial income | 75/76B | €17,021 | €13,719 | -€3,302 | -19.4% |
| Recurring financial income | 75 | €17,021 | €13,719 | -€3,302 | -19.4% |
| Financial charges | 65/66B | €134,061 | €221,635 | +€87,573 | +65.3% |
| Recurring financial charges | 65 | €134,061 | €221,635 | +€87,573 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €820,623 | €525,337 | -€295,286 | -36.0% |
| Income taxes | 67/77 | €207,540 | €108,786 | -€98,753 | -47.6% |
| Profit (loss) for the period | 9904 | €613,083 | €416,551 | -€196,532 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €613,083 | €416,551 | -€196,532 | -32.1% |
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 10 October 2026 via checked.be.