Bilge Management: 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.
Bilge Management
Largest movements
- Receivables within one year +€112,895
up €112,895 (+865%), from €13,057 to €125,952
of which Trade receivables: +€112,433
- Profit (loss) carried forward +€65,352
up €65,352, from -€50,755 to €14,598
- Other debts +€47,678
up €47,678 (+9,824%), from €485 to €48,164
- Tax, wage and social debts +€15,749
up €15,749 (+44.2%), from €35,603 to €51,352
of which Taxes: +€13,647
- Trade debts -€12,780
down €12,780 (-70.0%), from €18,247 to €5,466
- Accrued charges and deferred income -€2,444
down €2,444 (-57.2%), from €4,274 to €1,831
- Gross operating margin +€155,732
up €155,732, from -€52,386 to €103,346
- Staff costs -€4,446
down €4,446 (-10.6%), from €41,886 to €37,441
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 | €13,854 | €127,410 | +€113,556 | +820% |
| Current assets | 29/58 | €13,854 | €127,410 | +€113,556 | +820% |
| Amounts receivable within one year | 40/41 | €13,057 | €125,952 | +€112,895 | +865% |
| Trade receivables | 40 | - | €112,433 | +€112,433 | |
| Other amounts receivable | 41 | €13,057 | €13,519 | +€462 | +3.5% |
| Cash at bank and in hand | 54/58 | €797 | €700 | -€96 | -12.1% |
| Deferred charges and accrued income | 490/1 | - | €757 | +€757 | |
| Total equity and liabilities | 10/49 | €13,854 | €127,410 | +€113,556 | +820% |
| Equity | 10/15 | -€44,755 | €20,598 | +€65,352 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,755 | €14,598 | +€65,352 | |
| Amounts payable | 17/49 | €58,609 | €106,812 | +€48,203 | +82.2% |
| Amounts payable within one year | 42/48 | €54,335 | €104,982 | +€50,647 | +93.2% |
| Trade debts | 44 | €18,247 | €5,466 | -€12,780 | -70.0% |
| Suppliers | 440/4 | €18,247 | €5,466 | -€12,780 | -70.0% |
| Taxes, remuneration and social security | 45 | €35,603 | €51,352 | +€15,749 | +44.2% |
| Taxes | 450/3 | €20,047 | €33,694 | +€13,647 | +68.1% |
| Remuneration and social security | 454/9 | €15,556 | €17,658 | +€2,102 | +13.5% |
| Other amounts payable | 47/48 | €485 | €48,164 | +€47,678 | +9,824% |
| Accrued charges and deferred income | 492/3 | €4,274 | €1,831 | -€2,444 | -57.2% |
| Remuneration, social security and pensions | 62 | €41,886 | €37,441 | -€4,446 | -10.6% |
| Other operating charges | 640/8 | €118 | €551 | +€433 | +367% |
| Gross operating margin | 9900 | -€52,386 | €103,346 | +€155,732 | |
| Operating profit (loss) | 9901 | -€94,390 | €65,355 | +€159,744 | |
| Financial income | 75/76B | - | €804 | +€804 | |
| Recurring financial income | 75 | - | €804 | +€804 | |
| Financial charges | 65/66B | €507 | €806 | +€299 | +59.0% |
| Recurring financial charges | 65 | €507 | €806 | +€299 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | -€94,897 | €65,352 | +€160,249 | |
| Profit (loss) for the period | 9904 | -€94,897 | €65,352 | +€160,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,897 | €65,352 | +€160,249 |
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 23 October 2026 via checked.be.